DEX 1inch Aggregator Moves to Binance Smart Chain
Developers working with Binance Smart Chain can run smart contracts. In this regard, the project has gained high popularity in the DeFi sphere as an alternative to Ethereum. No wonder 1inch also switches to BSC
Transactions on the network are almost instantaneous (up to three hundred per second). The commissions make up a penny. So, it's no surprise that the company has already deployed its 1INCH token to BSC.
The project is built with the help of a firewall bridge. When 1INCH is translated from Ethereum, the coins remain in Binance Bridge and then the same number of tokens are awarded on the Binance side.
To ensure 1inch works on BSC it requires the emission of 10 million 1INCH tokens. At the same time, the BNB-1INCH liquidity pool is being formed.
Token suppliers can expect to receive 0.01% of 10 million 1INCH in the form of donation. Subsequently, more liquidity pools will be added and the overall liquidity of the platform will increase.
Binance Smart Chain gives access to such popular Swaps as PancakeSwap, BurgerSwap, etc. Therefore, you can be sure that the popularity of blockchain will grow over time!