What is 1INCH

1INCH is a decentralized exchange (DEX) aggregator, connecting several DEXes into one platform to allow its users to find the most efficient swapping routes across all platforms. In order for a user to find the best price for a swap, they need to look at every exchange. DEX aggregators eliminate the need for manually checking, bringing efficiency to swapping on DEXs. The 1INCH project launched in August 2020 after a $2.8 million funding raise from parties like: Binance Labs, Galaxy Digital and Greenfield One. 1INCH also launched Mooniswap, its own automated market maker (AMM) a competitor of Sushiswap and Uniswap. You can safely and reliably buy, sell, ship and store 1INCH on LiteBit.