1INCH Speculation/Discussion Thread

[aemma]

It is really interesting that a lot of Decentralized Exchanges (DEX) are now coming up to challenge the status quo being Centralized exchanges (CEX), unlike before when DEX are hardly heard of or are hardly making waves, but nowadays we have more Dex that makes trading in a decentralized way more easy and friendly. Also, it will come to mind that Dex, are in line with what the crypto space portrays, thus the reason why we will be seeing more of them as time goes on, moreover nowadays IDO (Initial Dex Offering) is coming up gradually and this will add more to what is already happening.
Nevertheless 1INCH is good owing to some of its features and recently the price has been growing thus giving holders more reason to hold, thus I believe if the team continues in that like manner of improving more on their features they will most likely compete closely with Uniswap, just like other CEX competes with Binance.

[cygan]

...
Nevertheless 1INCH is good owing to some of its features and recently the price has been growing thus giving holders more reason to hold, thus I believe if the team continues in that like manner of improving more on their features they will most likely compete closely with Uniswap, just like other CEX competes with Binance.

i agree with you👍
and if you only look at the current price of UNI (20USD atm) then you see how much room 1INCH (5USD atm) still has to go up
and i claim that 1INCH will reach 10USD this month - because if they get the fee problem under control, which they are working on right now, i see 1INCH ahead of UNI...
this exchange/aggregator has much more advantages than Uniswap has

[Tytanowy Janusz]

They would have a positive correlation: better product, more expensive.

I think it would be like this. If you find a project with good products (same quality as some others) but have cheaper price, you might find hidden gems. If you invest, price can rise and help you get profit.

Yea, but i was just saying that the fact that someone has good product and is young (at early stage) does not instantly mean that price is cheap. It can be hyped, pumped and overvalued comparing to other similar products. The problem with crypto is that most often it is very hard to estimate value. That's why I always avoid calling anything cheap unless I've calculated it based on indicators, compared to competitions performance and price or its 2 mln $ MC coin with innovative product and big real community (narrative investing).

and if you only look at the current price of UNI (20USD atm) then you see how much room 1INCH (5USD atm) still has to go up
and i claim that 1INCH will reach 10USD this month - because if they get the fee problem under control, which they are working on right now, i see 1INCH ahead of UNI...

Remember about supply. Uni supply is twice as big as 1inch.

[MinoRaiola]

1INCH started an airdrop using coinmarketcap learn and earn program and binance as payout provider (you get your reward on binance account).

Quiz
https://coinmarketcap.com/earn/project/1inch
Answers for the lazy
https://haydarderin.medium.com/how-to-get-3-1inch-from-coinmarketcap-earn-de2c0016ae88

good that you mention it. i think 1inch will always have special actions. precisely because binance labs has invested and wants your projects to be successful. After the CMC earn hype and the farming at the DEX, there will definitely be other activities. binance does that.

I would like to mention that Chi Gastoken is not really big yet, but BNB has also intercepted small.
Chi Gastiken: https://coinmarketcap.com/currencies/chi-gastoken/

Chi Gastoken Supply
Circulating Supply   853.394 CHI
Total Supply   1.155.019 CHI
Max Supply   10.000.000 CHI

Max Supply... i like it.

[cygan]

Decentralized finance aggregators are growing in popularity in 2021 as the embryonic industry continues to expand.

Delphi Digital analyst Ashwath Balakrishnan has observed that year-to-date growth for DeFi aggregators puts the sector on track to dwarf 2020’s figures.

The researcher noted 1inch, Matcha, and Paraswap facilitated a total $9.3 billion of volume across 2020 — but that as of Feb. 16, the 1inch exchange alone had recorded close to $10 billion in volume in just the first 46 days of 2021.

https://cointelegraph.com/news/defi-aggregator-growth-set-to-dwarf-2020-s-volume

even if the price in sats is a bit stagnant right now, due to the further rise of BTC, i definitely see a price above 10000 sats at 1inch

[tumis]

...
Nevertheless 1INCH is good owing to some of its features and recently the price has been growing thus giving holders more reason to hold, thus I believe if the team continues in that like manner of improving more on their features they will most likely compete closely with Uniswap, just like other CEX competes with Binance.

i agree with you👍
and if you only look at the current price of UNI (20USD atm) then you see how much room 1INCH (5USD atm) still has to go up
and i claim that 1INCH will reach 10USD this month - because if they get the fee problem under control, which they are working on right now, i see 1INCH ahead of UNI...
this exchange/aggregator has much more advantages than Uniswap has

Won't there be a repeat of 2018 ?

[MinoRaiola]

https://etherscan.io/tx/0x9825b9f083ba43112afd66dbcfbbf770e24bc21ff4128ce24ddbda171d79ae2f
&
https://bscscan.com/tx/0xcb50d7be6b5ab916f8ee502f97884fd1673105c34bfb832f0068e01816c37543

if I see right here, then 1inch is on the BCS. nothing is official, but it cannot be far away. 1inch> Binance Labs> Binance Chain.

Binance Chain benefits:
- A rich and growing digital asset ecosystem powered by Binance DEX, the leading decentralized exchange
- Cheap transaction fees that reach as low as 1 cent
- High performance with a network capable of producing a block every 3 seconds
- Cross-chain DeFi mechanisms that increase DeFi interoperability

[cygan]

https://etherscan.io/tx/0x9825b9f083ba43112afd66dbcfbbf770e24bc21ff4128ce24ddbda171d79ae2f
&
https://bscscan.com/tx/0xcb50d7be6b5ab916f8ee502f97884fd1673105c34bfb832f0068e01816c37543

if I see right here, then 1inch is on the BCS. nothing is official, but it cannot be far away. 1inch> Binance Labs> Binance Chain.
...

if this is true, it would be a huge step to differentiate from other competitors such as UNI...
among other things the fees on the bcs are peanuts compared to the ETH network

[tumis]

since the end of december there is a new type of dex exchange aggregator that allow aggregate all of the liquidity and pricing data from all major DEXes so that users can get the best prices and lowest slippage for their trades.
i find this new type very interesting and also see a lot of potential in it. moreover, the own 1INCH token is still in a good price range to be able to buy cheaply.
I would be interested to know who of you has invested in this project and how you see the future of 1INCH.

here are a few useful links:
Top Things You Should Know About 1inch (1INCH)
1inch exchange
a very interesting youtube video about the 1INCH project

i hope for a lively exchange and a good discussion

Are the tokens for the founders fund frozen for a while ?

[justdimin]

https://etherscan.io/tx/0x9825b9f083ba43112afd66dbcfbbf770e24bc21ff4128ce24ddbda171d79ae2f
&
https://bscscan.com/tx/0xcb50d7be6b5ab916f8ee502f97884fd1673105c34bfb832f0068e01816c37543

if I see right here, then 1inch is on the BCS. nothing is official, but it cannot be far away. 1inch> Binance Labs> Binance Chain.
...

if this is true, it would be a huge step to differentiate from other competitors such as UNI...
among other things the fees on the bcs are peanuts compared to the ETH network

It is not always easy to go beyond some other coins, even with better numbers. Let me explain it this way to make it more clear, pancakeswap moved beyond uniswap recently (now uni is back over pancake) and the market cap for uni token was always higher than pancake, even when people overwhelmingly used pancake over uniswap, the token prices didn't changed at all, I mean sure cake price went up, but it didn't go beyond uni token price just because the product was used more.

This is the same thing here, 1inch is not a bad one and with new improvements it should definitely be doing better but I do not think that it would be going beyond uni tokens market cap, it would probably just be higher in itself and that's it. I still think it is a good investment, I just think it is not going to be life changing profits here, it is just going to be reasonable increases.

[tumis]

I held some of these tokens bought them at $5, now it's down to $ 3.9 I'm sure I can break through to $7
I always remember the words CZ "if u cant hold, you wont to be rich"

lol - A binance chairman who is asleep and set for life can keep all coins himself indefinitely.

tell that to everyone who's been holding all this crap  shitcoins since 2018 and pretend to be smart. Everyone here is an expert and an connoisseur.

AND don't tell me they are (and me also) just suckers and naive fools because many projects are theatrical and acting frauds on a million dollar scale with their own bespoke audiences and a whole bunch so-called fraud advisors....

[cygan]

Crossing the hell of burned #Ethereum lands our hero stumbles upon the mysterious yellow portal. No one knows what secrets it holds, but the intense heat from molten #shitcoins surging right from the #blockchain depths forced #1inch unicorn to make a step towards the unknown..

https://twitter.com/1inchExchange/status/1364970734288842756
https://1inch-exchange.medium.com/1inch-network-expands-to-binance-smart-chain-1a718a154034

In a written interview with Cointelegraph, 1inch co-founder Sergey Kunz cited rising popularity and lower gas costs as the inspiration for the expansion.

“Currently, we consider BSC to be an alternative solution to the Ethereum mainnet in terms of lowering gas costs for interacting with smart contracts,” he said. “As gas price stays too high we see a lot of projects, tokens and users coming to BSC, and this is the right moment for the 1inch to expand to other blockchains.”

https://cointelegraph.com/news/1inch-announces-expansion-to-binance-smart-chain-plans-to-run-bsc-node

finally, the rumor has been confirmed and the speculation has come to an end. 1INCH goes over to the bsc

[MinoRaiola]

The implementation in BSC was only a logical step and will lead to increasing sales of the 1inch protocol.

As a result, users will be able to switch quickly and easily between Ethereum and Binance Smart Chain - keyword “cross-chain”. In the meantime, all functions of the liquidity log, the aggregation log and all staking functions will be available to BSC users. 10 million 1INCH tokens have already been issued on BSC and are now provided as liquidity in the Binance Bridge for transactions between Ethereum and Binance Smart Chain. The maximum number of possible tokens is not increased.

[tumis]

The implementation in BSC was only a logical step and will lead to increasing sales of the 1inch protocol.

As a result, users will be able to switch quickly and easily between Ethereum and Binance Smart Chain - keyword “cross-chain”. In the meantime, all functions of the liquidity log, the aggregation log and all staking functions will be available to BSC users. 10 million 1INCH tokens have already been issued on BSC and are now provided as liquidity in the Binance Bridge for transactions between Ethereum and Binance Smart Chain. The maximum number of possible tokens is not increased.

do i understand this information means death of eth exchange?

[Tytanowy Janusz]

finally, the rumor has been confirmed and the speculation has come to an end. 1INCH goes over to the bsc

Finally. What took so long ... it's just a copy-paste code

I wonder if 1inch will implement route for ETH transaction like:

1-wrap
2-swap on bsc
3-unwrap

I think there might be some moments when such transaction might be cheaper. This will push even more volume to BSC.  

[MinoRaiola]

do i understand this information means death of eth exchange?

No. So the possibility to swap the coins / tokens via eth remains. It is now much cheaper to trade or swap them via Binance Chain. You have probably seen in the last few weeks what happens when Ethereum is so extremely hyped and the gas fees soar and you are annoyed to pay so much for a trade. This has been optimized thanks to the low fees at the BSC.
Look here:

The 1INCH token on Binance Smart Chain will be used for a bridge between the Binance and Ethereum networks. When a user sends 1INCH tokens to BSC, they will be locked in Binance Bridge, and a corresponding value in 1INCH tokens on Binance will be consequently unlocked. 1inch users will get access to PancakeSwap, BurgerSwap, StreetSwap, Venus, StableSwap, JulSwap, BakerySwap and other Binance-based DEXes and lending protocols.

https://1inch-exchange.medium.com/1inch-network-expands-to-binance-smart-chain-1a718a154034

[tumis]

No. So the possibility to swap the coins / tokens via eth remains. It is now much cheaper to trade or swap them via Binance Chain. You have probably seen in the last few weeks what happens when Ethereum is so extremely hyped and the gas fees soar and you are annoyed to pay so much for a trade. This has been optimized thanks to the low fees at the BSC.

That's exactly what I meant , what stops people from switching to bsc? Habit. ? Patience will soon run out like many others.

[cygan]

The 1inch team has released the third iteration of its Aggregation Protocol, a tool that routes trade orders across all decentralized exchanges on Ethereum and, as of recently, Binance Smart Chain.

https://cointelegraph.com/news/new-version-of-1inch-s-dex-aggregator-makes-it-cheaper-than-uniswap

[Ifemini]

today and yesterday there was a good opportunity to enter at 1inch before there will be some green candles again

I think there are several opportunities to enter a trade with 1inch; since it moved to the bsc chain it has been easy to acquire the token; the price is usually between 3.8$ to 4.4$ for over 5 weeks now and there are enough entries. I think 1inch is a good trade opportunity and also a good token long term. Always do your own researches.

[Tytanowy Janusz]

The 1inch team has released the third iteration of its Aggregation Protocol, a tool that routes trade orders across all decentralized exchanges on Ethereum and, as of recently, Binance Smart Chain.

https://cointelegraph.com/news/new-version-of-1inch-s-dex-aggregator-makes-it-cheaper-than-uniswap

"he V3 release introduces gas optimizations that the team claims make the protocol cheaper than using either Uniswap or 0x directly. In tests conducted by the team, the 1inch V3 aggregator was about 10% cheaper in terms of gas than the same trades done via Uniswap, and about 5% cheaper than on 0x. Compared with 1inch V2, gas costs decreased by up to 30%."

Thats impressive. Wonder how they achieved this. Routing transaction through uniswap with lower fees than on uniswap directly...

But the biggest advantage 1inch gives on BSC on very low MC coins with low liquidity, especially when you swap to coin that does not have its own pool. When it is worth to split 1000$ trade to multiple pools and take full advantage from BSC low fees.