1inch decentralized (DEX) cryptocurrency exchange is a platform that scans other decentralized exchanges to find the best price for you. This cryptocurrency exchange launched the 1INCH token as a “governance token” in December 2020, on both ERC-20 and BSC infrastructures in a dual-based manner.
To earn 1INCH, liquidity must be provided to 1inch's liquidity platform. The 1INCH liquidity protocol is a platform that allows you to earn arbitrage profit by using Mooniswap formulas.

1INCH tokens have been created using Ethereum smart contracts. 1INCH grants governance privileges on the platform to cryptocurrency owners. Managed by a decentralized autonomous community, the 1inch decentralized (DEX) cryptocurrency exchange is one of the rare platforms that has achieved complete decentralization.
DEX, the abbreviated term for "Decentralized Exchange", refers to decentralized exchanges. These types of exchanges ensure that cryptocurrency transactions are securely conducted between parties. There are no third parties such as banks, governments, or financial institutions to secure and audit in decentralized exchanges. Blockchain or distributed ledger technology (DLT) is used for security and auditing.
The 1INCH token is intended to be used for governing all 1inch network protocols and to elevate governance in the DeFi space to a new level. Although DeFi is a rapidly evolving area, most governance models are not designed to quickly adopt protocol changes in response to the evolving market. The 1inch Network has adopted the "instant governance" system under the decentralized autonomous organization (DAO) model, allowing for transparent, user-friendly, and efficient voting on certain protocol settings.
Instant governance is a new type of governance where the community can participate in, benefit from, and vote on specific protocol settings without any entry barrier. In the instant governance system, every user's vote matters.
The 1INCH token will be used across all current and future protocols within the 1inch network, starting with the 1inch Governance Aggregation Protocol and 1inch Liquidity Protocol governance modules. The Aggregation Governance module allows those staking 1INCH tokens to vote on Spread Surplus settings in the 1inch aggregation contract.
The term staking, or to stake, refers to the process of keeping cryptocurrencies in a wallet for a certain period without spending or transferring them. This concept has been introduced to cryptocurrencies along with the Proof of Stake (POS) mechanism. As a result of staking, which is done to support the operations of cryptocurrency chains, rewards in cryptocurrency are earned at certain rates.
Staking not only prevents the wastage of a large amount of processing power but also maintains the supply-demand balance by limiting the amount of cryptocurrency in circulation.

1inch mining is not performed as it is a type of cryptocurrency. All 1inch is produced by the decentralized 1inch exchange. A total of 1.500.000.000 1INCH will be produced. The current amount of 1inch in the market is 167,586,267. The supply of 1inch to the market continues at certain intervals.