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

Website: 1inch.network

Screenshot of 1inch.network

Safety Score

100/100
✓ Safe Website

This website appears legitimate based on AI analysis.

AI Analysis Results

Category: Crypto
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 aims to provide users with the best possible trading rates by splitting orders among multiple DEXs. This approach is designed to minimize slippage and optimize the overall trading experience. Key Features: 1. DEX Aggregation: 1inch aggregates liquidity from various decentralized exchanges, allowing users to access a wide range of trading pairs and competitive rates. 2. Pathfinder Algorithm: The platform uses a proprietary algorithm called Pathfinder to find the most efficient paths for token swaps across different DEXs. 3. Gas Optimization: 1inch seeks to minimize gas fees for users by intelligently routing trades and leveraging gas token mechanisms. 4. Limit Orders: In addition to instant swaps, 1inch offers a limit order feature, allowing users to set specific price targets for their trades. 5. Governance Token: The 1inch Network has its native governance token, 1INCH, which is used for voting on protocol upgrades and other governance decisions. 6. Liquidity Pools: Users can provide liquidity to the platform's pools and earn rewards in the form of trading fees and 1INCH tokens. 7. Security and Transparency: 1inch emphasizes security and transparency, and the platform has undergone security audits by reputable firms. Overall, 1inch has gained popularity in the decentralized finance (DeFi) space for its innovative approach to DEX aggregation and its focus on improving the efficiency of token swaps for users. It has also been involved in various partnerships and integrations within the broader DeFi ecosystem."

Risk Assessment: safe
📊 Analysis Reasons:
  • Decentralized exchange (DEX) aggregator, Sources liquidity from various DEXs, Launched in 2019 by Sergej Kunz and Anton Bukov, Aims to provide users with the best possible trading rates, Minimizes slippage by splitting orders among multiple DEXs, Uses proprietary algorithm called Pathfinder for efficient token swaps, Seeks to minimize gas fees for users, Offers a limit order feature for setting specific price targets, Has its native governance token, 1INCH, for voting on protocol upgrades, Allows users to provide liquidity and earn rewards in the form of trading fees and 1INCH tokens, Emphasizes security and transparency, Has undergone security audits by reputable firms, Gained popularity in the decentralized finance (DeFi) space, Involved in various partnerships and integrations within the broader DeFi ecosystem