The decentralized exchange (DEX) aggregator platform 1inch has officially launched its governance token 1INCH, with a total supply of 1.5 billion tokens.
Token Distribution Details
- Initial Release: 6% of total supply (90 million tokens)
- Liquidity Mining: Additional 0.5% (750,000 tokens) allocated to mining incentives
Key Allocation Breakdown (4-Year Vesting Unless Noted):
| Allocation Purpose | Percentage | Unlock Period |
|---|---|---|
| Network Security & Maintenance | 30% | 4 years |
| Core Team & Future Employees | 22.5% | 4 years |
| Ecosystem Development | 21% | 4 years |
| Investors & Shareholders | 19.5% | 2.5 years |
| Advisors | 5% | 4 years |
| Mooniswap Early LPs | 2% | 1 year |
Eligibility for 1INCH Airdrop
Wallets that interacted with 1inch before December 24, 2020 (UTC), qualified if they met any of these criteria:
- ≥1 transaction before September 15, 2020,
- ≥4 transactions between September 15–December 24, 2020,
- Traded ≥$20 volume on 1inch.
Liquidity providers from Phases 1–2 of 1inch’s mining program also received proportional 1INCH rewards.
Liquidity Mining Pools
Six new pools are available for yield farming:
- 1INCH/ETH, 1INCH/DAI, 1INCH/WBTC
- 1INCH/USDC, 1INCH/USDT, 1INCH/YFI
👉 Maximize your DeFi yields with 1INCH staking
Governance and Utility
- Spread Surplus Pool: Token holders vote on redistributing price slippage gains (converted to 1INCH) to governance participants or referrers.
- Brand Consolidation: Mooniswap has been rebranded as the 1inch Liquidity Protocol to unify the ecosystem.
Project Growth Outlook
CEO Sergej Kunz anticipates the airdrop will mirror Uniswap’s UNI success, accelerating user adoption. An estimated 50,000 wallets received 6% of 1INCH’s supply in the first distribution round.
"With proper community incentives, we aim to surpass Uniswap in liquidity," Kunz stated via a spokesperson.
FAQs
How do I claim my 1INCH airdrop?
Eligible wallets automatically received tokens—no manual claim required.
What’s the utility of 1INCH tokens?
They enable governance voting (e.g., surplus pool parameters) and incentivize liquidity provision.
Can I still participate in liquidity mining?
Yes, by depositing into any of the six designated pools listed above.
👉 Learn advanced strategies for DeFi liquidity mining
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