Topic about 1inch & How to Swap Crypto with the 1inch?
November 30th, 2023

Hello guys:)

First, i want to tell you about 1inch, and explain what is this, so lets go!

What is the 1inch?

1inch Network is a DEX aggregator designed to scrape through a handful of decentralized exchanges in search of the most profitable platforms for liquidity providers. It offers its users access to 116 sources available on the Ethereum ecosystem, Binance Smart Chain, and the Polygon Network.

Who Created 1inch Network?

1inch Network is the brainchild of Russian developers, named Sergej Kunz and Anton Bukov. They are skilled in smart contract auditing and, therefore, they partnered together to create the 1inch Network blueprint. Being avid DeFi enthusiasts, both Kunz and Bukov started off by experimenting with arbitrage bots creating the first medium viable product during the ETHNewYork hackathon in 2019.

The platform has since raised about $15 million in funding and is now governed by the 1inch Network Foundation, a non-profit organization that launched the 1INCH token back in December 2020.

What is Classic mode swap on 1inch?

This is the original 1inch Network aggregation protocol. With Classic mode, users must pay gas fees for every swap, however they can execute the transaction almost immediately and at (or near) the quoted rate.

Now i show how can you swap in the classic mode?

Step 1

!OFFICIAL LINK TO SWAP

Step 2

Chose the correct chain

Step 3

Choose the token you want

Step 4

Select the desired amount of token to be exchanged

Step 5

MUST pay attention to gas

Step 6

Click on the swap and confirm transactoin

Step 7

We have successfully exchanged the token! If necessary, check the transaction hash

Thank you for your attention, be sure to do everything carefully and check official sites and sources, and what on what you are exchanging, pay attention to the network and gas!

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