XUC (Exchange Union)
1inch Exchange is a decentralized exchange aggregator that sources liquidity from various exchanges to provide users with the best possible trade rates. It works by splitting up a user’s trade across multiple decentralized exchanges to ensure the best pricing available.
The platform scans various decentralized exchanges to find the most optimal trading paths, offering users the opportunity to save on gas fees and trade with lower slippage. This process is automated using smart contracts to execute trades seamlessly.
1inch Exchange also offers users the ability to earn rewards through its liquidity protocol. Users can provide liquidity to the platform and receive rewards in the form of the 1INCH token.
Overall, 1inch Exchange provides users with a more efficient and cost-effective way to trade cryptocurrencies across multiple decentralized exchanges, maximizing their profits and minimizing their costs.
