Black Christmas for trader who misses out on $1.8 million in 1inch tokens
A crypto trader's scheme to win big from the 1inch airdrop goes haywire. On Christmas day, prolific DeFi users found a surprise in their stocking courtesy of a unicorn that looks a little like Kurt Russell: decentralized exchange platform 1inch launched its governance and utility token 1INCH, which peaked at nearly $2.80 per token shortly after release. Harkening back to the release of the Uniswap token over the summer — an event that many likened to a “DeFi stimulus check” — the token was distributed via an “airdrop” to wallets who had used the platform for trades or had provided....
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One serial DeFi user now controls around 11% of 1INCH token supply following the exchange's governance token distribution event. On Christmas day, decentralized exchange aggregator service 1inch has released its governance and utility token. As part of the launch, the platform airdropped 90 million 1INCH tokens to users who had previously traded on the exchange.According to data from on-chain analytics provider Dune, the highest recipient of the free token distribution received 9,749,686.003 tokens that were worth about $27.5 million at the peak price of $2.8 per token. An examination of....
A new 1inch airdrop retroactively sends tokens to Mooniswap and Uniswap users. The 1inch.exchange protocol, a platform that aggregates decentralized exchanges and provides its own automated market maker, is airdropping a new stash of its 1INCH tokens.The airdrop follows the initial generation of the new tokens on Christmas, which were distributed to past users of the aggregator. A common point of contention for the initial airdrop was the exclusion of Mooniswap users and liquidity providers, as the project's AMM platform was superseded by an integrated 1inch Liquidity Protocol.The new....
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Only users who stake 100,000 1INCH or more will receive a full refund for their gas fees. The non-profit arm of decentralized exchange aggregator 1inch plans to give away more than $23 million to users starting September 1.In an announcement on Tuesday, the 1inch Foundation said it would begin distributing 10 million of its native 1INCH in an effort to refund gas costs for users who stake the tokens. The foundation intends to issue monthly refunds for those who stake the token anytime between the first swap in a given month and the day it distributes 1INCH. At the time of publication, the....
The token, named 1INCH and running on Ethereum, will be distributed to all wallets that have previously interacted with the platform.