1INCH is a utility token issued by the 1inch trading platform. The purpose of distributing the 1INCH token is to ensure that protocol integrations on the aggregator remain permissionless, to protect the development ecosystem, and to fund governance incentives. It is also used for staking to enhance network security. 1inch emphasizes that 1INCH is not an investment but a tool designed to help the platform build a decentralized and permissionless network.
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