What is 1INCH
1INCH is the native governance token of the 1Inch exchange aggregator platform. Essentially, the 1INCH platform helps users to find the cheapest crypto trading pairs with the lowest fees on a range of decentralized exchanges (DEXs). To do this, 1Inch’s platform aggregates data from multiple DEXs and lists the most cost-effective trades for users. The DEXs aggregated by 1Inch’s platform include Uniswap, Mooniswap, Balancer, Kyber Network, and more. Using the 1INCH token, users will be able to have a say in the future of the 1INCH platform, including platform changes, upgrades, swap fees, decay periods, and more.