How to obtain 1INCH coins? Understand the methods of obtaining 1INCH coins in one article

1INCH coins can be obtained through purchases on exchanges, participation in staking and liquidity pools, referrals, and potential airdrops by the platform.

Oct 30, 2024 at 12:43 pm

How to Obtain 1INCH Coins: A Comprehensive Guide

Introduction

1INCH tokens are the native token of the decentralized exchange aggregator 1inch. They are used for a variety of purposes within the platform, including:

Governance: 1INCH holders can participate in governance and vote on proposals that shape the future of the platform.
Staking: 1INCH holders can stake their tokens to earn rewards.
Fees: 1INCH tokens can be used to pay for fees on the 1inch platform.

How to Obtain 1INCH Coins

There are several ways to obtain 1INCH coins:

1. Purchase on Exchanges

1INCH tokens can be purchased on a variety of cryptocurrency exchanges, including:

OKX
Binance
Coinbase
Huobi

2. Earn Through Staking

1inch offers a staking program that allows holders of their tokens to earn rewards. To stake 1INCH tokens, you will need to have a compatible wallet, such as the 1inch Wallet or MetaMask.

3. Participate in Liquidity Pools

You can earn 1INCH tokens by providing liquidity to the 1inch liquidity pools. To do this, you will need to deposit both 1INCH tokens and another supported asset into a liquidity pool. You will then receive a portion of the trading fees generated from that pool, as well as 1INCH tokens as a reward.

4. Referrals

1inch has a referral program that allows users to earn 1INCH tokens by referring new users to the platform. You can obtain a referral link through your 1inch account and share it with potential users. When they sign up and use the platform, you will receive a commission in the form of 1INCH tokens.

5. Airdrops

From time to time, 1inch may conduct airdrops of their tokens to holders of other specific assets. For example, in 2021, they airdropped 1INCH tokens to those who held Uniswap (UNI) tokens.

Conclusion

There are several options available for obtaining 1INCH coins. You can purchase them on exchanges, earn them through staking or liquidity pools, participate in referrals, or receive them through airdrops. The method you choose will depend on your individual circumstances and preferences.

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