For the first time 1inch.io She made me talk about myself in December 2020. Then the service distributed 600 coins among traders who met certain conditions: for example, they transferred at least $ 20 and closed at least 4 transactions.

In 2021, 1inch revealed the distribution of native tokens as part of the gas cost recovery program. As you know, high gas charges are a big problem for Ethereum. The commission in ETH for each transaction can be $5, $15 or even more.

But only those who stack the 1INCH token can participate in the refund program. If you are not very familiar with stacking yet, just consider it a kind of "bank deposit" in the crypt. For example, traders who have sent 100 coins or more to the stack — "on deposit" - can receive a 25% refund. 100% coverage is claimed by those who have placed at least 100,000 tokens.

You can stack (lock) your tokens by opening the app (Launch App) and selecting DAO — Betting. To unlock ("deposit withdrawal"), you will be offered the Unlock and Infinity Unlock functions ("Infinite Unlock"). Thanks to Infinity Unlock, you don't have to pay for an unlock transaction every time. This saves time and money, but in theory it can serve as a loophole for hackers.

The possibilities of 1inch do not end there. If you are attending a cryptocurrency event in the real world, where the 1inch stand is presented, you can get some tokens for free. Just install a 1inch mobile wallet, show it to a company representative, and get a QR code from him. Scan this code, after which you will be sent 1INCH tokens.

Yes, the most attentive noticed that 1inch has its own wallet. About the branded wallet and support for other storage applications — a little bit below.

Finally, you can get several tokens from other services. In January 2021, Coinmarketcap tested how well its users are familiar with 1inch. Those who completed the survey received 3 coins, or about $5 at that time.

Active token distribution has a downside. Scammers often send fake tokens with the prefix 1INCH in the name. Tokens themselves are not dangerous, but their purpose is to force the user to go to the scam site. Check the authenticity of the coins in your wallet and use only the official website 1inch.io !