Christmas Coin Distribution! DEX aggregator 1inch Exchange airdrops tokens, meet these qualifications to claim

At the end of July, it was reported that the decentralized exchange aggregator 1inch Exchange confirmed that it would issue platform tokens. Today on the 25th, it officially released the token "1INCH" and users can claim airdropped tokens based on their past usage. In addition, the platform has also officially launched liquidity mining.

What are the qualifications for token airdrop?

Before 8:00 AM UTC on December 25th, Taiwan time, or by 24:00 UTC on December 24th, anyone with a wallet that has interacted with 1inch Exchange can apply for the airdrop if they meet any of the following conditions:

1. Have made at least one transaction before September 15th
2. Have made a total of more than four transactions
3. Total transaction amount is at least over $20

In addition, previous liquidity providers will also receive the airdropped tokens.

Addition of six new pools for liquidity mining

1inch Exchange has introduced six new liquidity pools, with a total of 0.5% of 1INCH tokens to be distributed in the first two weeks.

1. 1INCH-ETH
2. 1INCH-DAI
3. 1INCH-WBTC
4. 1INCH-USDC
5. 1INCH-USDT
6. 1INCH-YFI

According to the announcement, liquidity mining will commence before 8:00 AM UTC on December 27th, or by 24:00 UTC on December 26th, for fairness.

30% of tokens allocated for the community

According to the announcement, 30% of 1INCH tokens will be allocated for community rewards, primarily expected to be used in liquidity mining. The utility of 1INCH tokens includes governance, establishing decentralized organizations, and deciding on various platform rules.

From the official release plan, it is noted that 14.5% of tokens will be gradually unlocked over four years for protocol growth and development funding, circulating into the market. It is noteworthy that although not explicitly mentioned in the announcement, the chart clearly indicates that starting from July next year, investors will also begin unlocking and distributing additional circulating tokens to the community, gradually being surpassed by the total of other ecosystem roles.

Investor lineup: Pantera, Binance

1inch Exchange has garnered attention not only for being the largest decentralized trading aggregator but also due to its strong investor lineup. Pantera Capital, Galaxy Digital, and Dragonfly Capital, which the media often praises, are involved, with direct participation from Binance and FTX related to the exchange.

1INCH dominates Ethereum transaction fee rankings

The 1INCH token is now listed on OKEx and Huobi, with Binance also announcing its listing. As of the deadline, the token price was $2.47, allowing many eligible individuals to receive at least 600 1INCH tokens for free, earning over $1,400 net profit.

Looking at the Gas Fee usage in the past three hours on Ethereum, 1INCH tops the list, with $190,000 spent on transaction fees for interactions with its contract, occupying nearly 20% of Ethereum network fees.