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<h3>What Is 1 (1INCH)?</h3>1 is a decentralized exchange (<a target="_blank" rel="noopener noreferrer" href="https://coinmarketcap.com/alexandria/glossary/decentralized-exchange-dex">DEX</a>)&nbsp;<a target="_blank" rel="noopener noreferrer" href="https://coinmarketcap.com/alexandria/article/what-are-dex-aggregators-a-deep-dive-by-1inch">aggregator</a>, 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.DEX aggregators work by sourcing liquidity from different DExs, meaning that they are able to offer users better token swap rates than they could find on any single DEX, in the shortest time possible.1 launched in August 2020 after a $2.8 million funding raise from Binance Labs, Galaxy Digital, Greenfield One, Libertus Capital, Dragonfly Capital, FTX, IOSG, LAUNCHub Ventures and Divergence Ventures.In December 2020, 1inch raised another $12 million in Series A funding, led by Pantera Capital, with others including ParaFi Capital, Blockchain Capital, Nima Capital and Spartan Group. The funding round was conducted through a SAFT sale (simple agreement for future tokens).

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1inch is&nbsp;an exchange aggregator that scans decentralized exchanges to find the lowest cryptocurrency prices for traders, and is powered by its 1INCH utility and governance token. 1INCH is used to furnish the platform's decentralized "instant governance" model, and facilitates liquidity mining through token staking.

1 is a DEX aggregator and liquidity protocol on Ethereum Virtual Machine.

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%name% %code% Token Unlocks and Vesting: Schedule and Tokenomics

Name	Total	Unlocked	Locked
Community Incentives	30%	30%	-
Team & Shareholders	22.5%	5.50%	15.5%
Treasury	18%	5.50%	15.5%
Community Airdrop	12.8%	5.50%	15.5%

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