1inch Decentralized Exchange Aggregator To Launch On Binance Smart Chain – Bits Media

Binance Smart Chain continues to attract decentralized projects-the popular 1inch decentralized 1inch decentralized exchanger aggregator has announced the launch of its smart contract on this blockchain.

Launch Binance Smart Chain (BSC) took place in September 2020 of the year. Unlike Binance Chain blockchain, BSC Allows you to deploy smart contracts. At the same time, the network has a large throughput, and the commission for transactions remain low. General Director and co -founder 1inch Sergey Kuntz emphasized:

“We see a great opportunity - 1inch Liquidity Protocol can be the largest liquidity protocol on Binance Smart Chain, especially, that this is the most effective automatic market maker on the market ".

DEX aggregator has already launched its 1inch token on BSC, So users of this blockchain can use the liquidity protocol. 1inch token can be used as a gateway for the interaction of BSC and Ethereum. I.e, The user can “send” 1inch tokens from the Ethereum network to BSC.

At the same time, they will be blocked in the Ethereum network, And in BSC a similar number of tokens will be unlocked. This allows users 1inch to use popular DEX on the Binance Smart Chain network - Pancakeswap, Civilian wap, Venus, Stableswap and others.

To attract users, the 1inch aggregator has launched the “revenue mining” program in a pair of BNB/1inch. FROM 26 February users will be able to block BNB coins and 1inch tokens, And receive a reward. The program will last four weeks.

Recall, that the launch of the 1inch token took place recently - at the end of December 2020 of the year. At the moment, the capitalization of token is $650 million.