How much is the circulation of 1inch coins?
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- 2024-04-30 14:32:43424browse
The total issuance of 1inch coins is 1 billion, of which 600 million are allocated to community rewards and 400 million to teams, consultants and investors. There are approximately 460 million 1inch coins in circulation (as of March 2023).
1inch coin issuance
The total issuance of 1inch coin is 1 billion.
Detailed Description
Launched in 2020, 1inch Coin is a native ERC-20 token for decentralized exchange aggregators. It allows users to execute trades at the best price by connecting multiple decentralized exchanges.
60% of the total issuance, or 600 million tokens, is allocated to the community to be rewarded through governance voting. The remaining 40%, or 400 million tokens, is allocated to the team, advisors, and investors.
It is worth noting that the issuance of 1inch coins can change over time, depending on factors such as governance votes and token burning. As of March 2023, there are approximately 460 million 1inch coins in circulation.
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