DeFi platform 1inch releases governance and utility token

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The 1inch DeFi platform releases the control and tool token

The team behind the DeFi platform 1inch is releasing a control and supply token, according to an announcement on 25 December. The 1INCH token will be used for both the platform’s automated market maker protocol and its decentralized exchange aggregator service.

The “Aggregation Protocol” control module will allow stakeholders to vote on the distribution of Spread Surplus coins. These are created when the final rate of a transaction made through the aggregator service is greater than that confirmed by the user.

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