Announced 1 inch Decentralized Transaction Aggregation Platform, 1INCH Token Management and Usage
According to the press release, the 1inch group, a joint venture, announced the management and use of the 1INCH electronic token. The 1 inch tokens are used for the platform where the business automation protocol and the service industry are integrated. The "Collection agreement" control module allows participants to vote on the remaining balance. Developed when the cost of the final transaction is reached through a consolidation service rather than the cost recognized by the user. The income is distributed between the electorate and the governor, and the share of the distribution is determined by the DAO. Initially, the reward management is reset. The “business contract” policy allows participants and financial service providers to vote on key issues. These include cost impact, exchange rate, handling of gifts, transfer of gifts, and shelf life. Some of these restrictions are governed by a tank, while others and benefits apply to each pool. Additionally, working hours for 6 new pools will be announced and 1INCH tokens will be combined with ETH, DAI, WBTC, USDC, USDT and YFI.
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