DeFi 1inch Network

The 1inch Foundation distributes more 1INCH tokens

1inch Network-photo

by 1inch Network

• 2 min read

The Lunar New Year is already here, and 1inch Foundation is generously distributing its tokens, 1INCH!

We are happy to announce that on February 12, 5:00 PM (UTC), the 1inch Foundation provided another distribution of the 1INCH token to make sure that users who have not yet received their tokens will collect them.

The distribution scheme applied to Mooniswap (revamped to 1inch Liquidity Protocol in December, 2020), some wallets with transaction relayers and limit order users, as well as to some providers of liquidity to 1inch pools who did not receive tokens they were entitled to in the initial Christmas distribution.

3.57 mln tokens were sent to 1,308 participants in the second liquidity mining program, 4.8 mln to 9,094 users of Mooniswap, 310K to limit order users and 375K to Argent, Authereum, Gnosis and Pillar wallets with transaction relayers.

Conditions for receiving 1INCH tokens remained unchanged. All wallets that interacted with 1inch before December 24, 2020, receive 1INCH tokens as long as they:

  • had at least one trade before September 15, 2020;


  • had at least 4 trades in total;


  • had trades for a total of at least $20.

In addition, the 1inch Foundation distributed 6 mln 1INCH tokens to Uniswap’s non-relayed traders who have never swapped tokens on 1inch nor on Mooniswap. This distribution is based on a list of Uniswap addresses, from which were excluded trading bots. The other condition for receiving 1INCH tokens is to have at least 20 unique trading days and at least 3 trades made in 2021. Current distribution does not pretend to be 100% accurate, so if someone’s address was not chosen as eligible — sorry about that.

“We see substantial potential in expanding our community to users who haven’t used the 1inch DEX aggregator so far,” says Sergej Kunz, co-founder of 1inch Network. “We want to show them the advantages of our aggregator, which offers the best prices, protection from front-running and lucrative farming opportunities.”

Here’s a brief instruction on ‘How to claim the community reward wave 2’.

Meanwhile, 1inch continues running attractive yield farming programs. Check them out as well!

1inch Network-photo

1inch Network

Share the article

Copy done!
Copy done!