What Is 1INCH? Tokenomics, Utility, and How to Buy on Bitrue

1inch is one of the most established decentralized finance (DeFi) projects, best known for its aggregation protocol that sources liquidity from multiple decentralized exchanges to help users find the best swap rates. The project’s native token, 1INCH, serves as both a governance and utility token, empowering users to participate in decision-making and optimizing swap execution through innovative features like Fusion mode.

As the DeFi space matures, 1inch remains a cornerstone protocol thanks to its ability to connect traders, liquidity providers, and developers through one unified ecosystem.

Key Takeaways

• The 1INCH token powers governance and utility functions across all 1inch protocols.
• It operates on Ethereum and BNB Chain, bridged with no additional token issuance.
• The token’s maximum supply is 1.5 billion, with 1.39 billion currently in circulation.
• Fusion mode eliminates gas fees and uses 1INCH for swap execution prioritization.
• The token distribution allocates 30% to community incentives, ensuring user engagement and growth.
• You can buy 1INCH on Bitrue with USDT, BTC, or ETH in just a few steps.

Understanding the 1inch Network

The 1inch Network is a DeFi ecosystem that combines several protocols to enhance liquidity, efficiency, and user experience across decentralized trading.

Initially launched as a DEX aggregator, 1inch finds the best prices for token swaps by scanning multiple liquidity pools across decentralized exchanges like Uniswap, PancakeSwap, and SushiSwap. Over time, it expanded to include its own Liquidity Protocol, Limit Order Protocol, and Fusion mode, offering a seamless DeFi trading experience.

The 1INCH token unites these components under one governance and economic system.

Read Also: Long 1INCH, 3x Leverage Price (1INCH3L)

What Is the 1INCH Token?

The 1INCH token serves two main purposes within the network: governance and utility.

Governance

The token gives holders the power to participate in the 1inch DAO (Decentralized Autonomous Organization). Through governance, token holders can vote on critical parameters that affect all major 1inch protocols, including:

• Aggregation Protocol fee settings
• Liquidity Protocol parameters
• Incentive allocations and ecosystem grants

This community-led model ensures that 1inch evolves through transparent, decentralized decision-making.

Utility

The 1INCH token is also deeply integrated into the platform’s Fusion mode, where it enhances trading efficiency. In Fusion mode, resolvers (network participants that fulfill swap orders) use 1INCH tokens to prioritize access to trade execution.

By aligning incentives between liquidity providers, resolvers, and traders, 1INCH enhances transaction efficiency while removing the need for traditional gas fees.

Multi-Chain Availability

1INCH operates across two major blockchains:

• Ethereum: The original chain where 1inch was launched.
• BNB Chain: Integrated through a bridge to reduce fees and expand accessibility.

No new tokens were issued during the BNB Chain deployment, ensuring consistency across both ecosystems. This multi-chain support enables traders to interact with DeFi protocols on both chains without fragmentation.

1INCH Tokenomics

The total supply of 1INCH tokens is 1.5 billion, with a circulation of approximately 1.39 billion tokens.

Token Unlock Schedule

When 1INCH launched, 6% of the total supply was unlocked immediately. The remaining tokens have been unlocking gradually over a four-year schedule that concludes by the end of 2024.

This measured release prevents market oversupply and ensures long-term alignment between developers, backers, and the community.

Token Distribution

The distribution model was designed to support decentralization, community growth, and sustainable development:

• 30% – Community incentive programs, including staking, liquidity mining, and user rewards.
• 14.5% – Growth and development fund, used for grants and developer incentives.
• Remaining supply – Allocated to backers, core contributors, and early supporters.

This allocation reinforces 1inch’s community-first ethos, rewarding long-term engagement while ensuring ongoing technical and ecosystem growth.

1INCH Token Use Cases

The token has broad utility within the 1inch ecosystem:

1. Governance Participation: Holders can vote on protocol upgrades, fee structures, and network parameters.
2. Swap Execution Priority: In Fusion mode, 1INCH is used by resolvers to access swap priority without gas fees.
3. Liquidity Mining: Users can provide liquidity to pools and earn 1INCH as rewards.
4. Staking for Yield: Some 1inch-based platforms and partner protocols allow users to stake 1INCH for passive rewards.

These use cases combine governance influence with tangible financial benefits, making 1INCH both a participation and value-accrual asset.

Fusion Mode: No More Gas Fees

Fusion mode is a groundbreaking update in the 1inch Network that allows users to perform swaps without paying gas fees.

Instead of traders paying directly for transaction costs, resolvers—specialized participants—handle execution and pay gas in exchange for priority access to trades. These resolvers compete for order execution rights by using 1INCH tokens as part of the network’s incentive and access system.

This innovation drastically improves DeFi usability by removing one of its biggest barriers: high and unpredictable gas fees.

How to Buy 1INCH on Bitrue

Buying 1INCH on Bitrue is simple and secure. Follow these steps to start trading:

Create a Bitrue Account

Go to Bitrue.com or download the Bitrue app. Sign up using your email and complete the necessary KYC verification.

Deposit Funds

Deposit USDT, BTC, or ETH into your Bitrue wallet. These are the most common trading pairs for 1INCH.

Search for 1INCH

In the “Markets” section, search for 1INCH/USDT, 1INCH/BTC, or 1INCH/ETH.

Place an Order

Select the trading pair and choose between a limit order (set your preferred price) or a market order (buy instantly at current market price).

Store or Trade

After purchase, you can store 1INCH in your Bitrue wallet, transfer it to a DeFi wallet for governance participation, or use it within the 1inch dApp ecosystem.

Read Also: How to Buy 1INCH

Conclusion

The 1inch token plays a critical role in the evolution of decentralized trading. Acting as both a governance and utility token, 1INCH connects traders, liquidity providers, and developers through a fair, multichain, and gas-free ecosystem.

Its integration into Fusion mode marks a major milestone for DeFi usability, removing gas fees and introducing a more efficient, incentive-driven trading model. With a strong community, transparent tokenomics, and growing ecosystem integrations, 1INCH remains one of the most influential tokens shaping the next phase of decentralized finance.

For users looking to participate in DeFi governance or trade efficiently without gas fees, buying and holding 1INCH—especially through trusted exchanges like Bitrue—offers both utility and long-term growth potential.

FAQs

What is the 1INCH token used for?

1INCH serves as both a governance and utility token, giving holders voting rights and enabling fee-free swaps through Fusion mode.

Is the 1INCH token available on multiple chains?

Yes. 1INCH is available on both Ethereum and BNB Chain via a secure bridge with no extra token issuance.

How many 1INCH tokens exist?

The total supply is capped at 1.5 billion, with around 1.39 billion currently in circulation.

When will all 1INCH tokens be unlocked?

The remaining tokens will be fully unlocked by the end of 2024, following the initial 6% unlock at launch.

How can I buy 1INCH on Bitrue?

Create a Bitrue account, deposit USDT, BTC, or ETH, search for the 1INCH trading pair, and execute a buy order. You can then store your tokens on Bitrue or move them to your personal wallet.