Welcome to the 60-second Crypto Gem by KuCoin. Today, we will be talking about 1inch and its native token, 1INCH. 1inch is a decentralized exchange aggregator that offers liquidity from multiple exchanges and incorporates smart contracts to search for the best rates from split trading. 1inch Exchange is seamlessly built into several well-known DEXs, including Uniswap, Oasis, Balancer, and is financially supported by Binance, Pantera, ParaFi Capital, etc. Already being the most efficient AMM in the DeFi space, 1inch endeavors to better serve the increasing demand of users by launching a $3M grants to fund new protocol upgrades and expanding the network to Polygon for faster and cheaper transactions. 1inch Wallet for iOS was recently released to enable simple and instant swaps on mobile devices with lower usage barriers than dApps. Its native token 1INCH is a governance token to enable the model of decentralized autonomous organization, or DAO.

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