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1inch.io Scam Check: 100/100 Trust | ScamMinder

Website: 1inch.io

Screenshot of 1inch.io

Safety Score

100/100
✓ Safe Website

This website appears legitimate based on AI analysis.

AI Analysis Results

Category: Other
About this website:

1inch is a decentralized exchange (DEX) aggregator that sources liquidity from various DEXs. It was launched in 2019 by Sergej Kunz and Anton Bukov. The platform is designed to provide the best possible trade rates by splitting orders among multiple DEXs. This approach aims to minimize slippage and maximize the user's returns. Key Features: DEX Aggregation: 1inch aggregates liquidity from various decentralized exchanges, including Uniswap, Kyber, Balancer, and more. This allows users to access a wide range of tokens and trading pairs. Optimized Trades: The platform's algorithm is designed to find the most efficient paths for token swaps, taking into account factors like gas fees and exchange rates. Pathfinder: 1inch's pathfinder algorithm helps users find the most cost-effective routes for their trades, considering the available liquidity across different DEXs. Gas Token: 1inch introduced its own gas token, called CHI, which can be used to reduce Ethereum gas fees for transactions. Limit Orders: In addition to instant swaps, 1inch offers a limit order feature, allowing users to set specific price targets for their trades. Governance Token: 1inch has a native governance token, also called 1inch. Holders of this token can participate in the platform's governance and decision-making processes. 1inch Wallet: The platform provides a non-custodial wallet for managing digital assets and interacting with decentralized applications (dApps). 1inch Exchange: While 1inch initially focused on aggregation, it has also launched its own DEX, allowing users to trade directly on the platform. Security and Audits: 1inch has undergone multiple security audits to ensure the safety of its smart contracts and platform. Partnerships and Integrations: The platform has formed partnerships with various DeFi projects and integrated with other protocols to expand its capabilities. Overall, 1inch aims to provide a user-friendly and efficient way for traders to access liquidity across multiple DEXs. Its focus on optimizing trade routes and reducing slippage can be beneficial for users seeking the best possible trade execution in the decentralized finance (DeFi) space."

Risk Assessment: safe
📊 Analysis Reasons:
  • Decentralized Exchange (DEX) Aggregator, Liquidity Sourcing from Various DEXs, Optimized Trade Routes, Gas Fee Reduction with CHI Token, Limit Order Functionality, Native Governance Token (1inch), Non-Custodial Wallet (1inch Wallet), 1inch Exchange for Direct Trading, Security Audits and Smart Contract Safety, Partnerships and Integrations with DeFi Projects.