1inch Funded Pantera Capital Launches Ethereum-Based DeFi Token

1inch Funded Pantera Capital Launches Ethereum-Based DeFi Token

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The DeFi market is one of the fastest growing areas in the crypto market. At the time of going to press, there are over $ 13.43 billion Ethereum DeFi Applications. The all-time high could be reached on December 20, 2020, with a value of $ 14.06 billion. Analysts repeatedly point out that the DeFi market will be the future of the new financial system.

1inch publishes a governance and utility token

A new project or token that could cause a stir is 1INCH. The token will be used for the platform’s automated market maker protocol. The governance module “Aggregation Protocol” will allow stakers to vote on the distribution of distributed surplus coins. In addition, a liquidity extraction program will be launched for 6 new pools. The token supply will be 1.5 billion 1INCH. 30% are reserved for community incentives over the next 4 years. 14.5% is reserved for the development fund, which will also be gradually released over the next few years.

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