{"id":183214,"date":"2021-02-27T04:30:07","date_gmt":"2021-02-27T04:30:07","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=183214"},"modified":"2022-03-05T02:22:27","modified_gmt":"2022-03-05T02:22:27","slug":"dex-aggregator-1inch-expands-to-binance-smart-chain","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/dex-aggregator-1inch-expands-to-binance-smart-chain\/","title":{"rendered":"DEX aggregator 1inch expands to Binance Smart Chain"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">High speeds and low fees are alluring many projects to move to <a href=\"https:\/\/cryptoslate.com\/blockchain\/binance-chain\/\">Binance Smart Chain<\/a>, the crypto exchange\u2019s smart contract-enabled blockchain network.<\/span><\/p>\n<h2><b>1inch moves to Binance Smart Chain<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Decentralized exchange aggregator <a href=\"https:\/\/cryptoslate.com\/coins\/1inch\/\">1inch<\/a> said Thursday that it was expanding to the Binance Smart Chain, as per a <\/span><strong><a href=\"https:\/\/1inch-exchange.medium.com\/1inch-network-expands-to-binance-smart-chain-1a718a154034\">release<\/a><\/strong><span style=\"font-weight: 400;\">. The move comes amidst many projects opening up to and building on the network.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Sergey Kunz, 1inch co-founder and CEO, said in the regard:<\/span><\/p>\n<blockquote><p><b>\u201cWe see a significant opportunity for 1inch Liquidity Protocol to become the biggest liquidity protocol on Binance Smart Chain, as it\u2019s already the most efficient AMM protocol in the market.\u201d<\/b><\/p><\/blockquote>\n<p><span style=\"font-weight: 400;\">Binance Smart Chain (BSC) was introduced by crypto exchange Binance in September 2020. Unlike the \u201cBinance Chain,\u201d the BSC allows developers to launch smart contracts\u2014which form the basis of decentralized financial (DeFi) tools. It costs a few pennies to transact on the network, while it can support over 300 transactions per second.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">1inch Foundation said it had deployed the 1INCH token on Binance Smart Chain, making 1inch Aggregation Protocol and 1inch Liquidity Protocol available to BSC users. \u201cWe at 1inch are always on the lookout for the hottest DeFi projects, the addition of BSC-based DEXes to our aggregation protocol came as a natural step,\u201d the DEX said.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">2\/ <\/p>\n<p>\u2705 All features of <a href=\"https:\/\/twitter.com\/hashtag\/1inch?src=hash&ref_src=twsrc%5Etfw\">#1inch<\/a> Liquidity Protocol, <a href=\"https:\/\/twitter.com\/hashtag\/1inch?src=hash&ref_src=twsrc%5Etfw\">#1inch<\/a> Aggregation Protocol and $1INCH staking become available to <a href=\"https:\/\/twitter.com\/hashtag\/BSC?src=hash&ref_src=twsrc%5Etfw\">#BSC<\/a> users now.<\/p>\n<p>&mdash; 1inch.exchange (@1inchExchange) <a href=\"https:\/\/twitter.com\/1inchExchange\/status\/1364970739544322051?ref_src=twsrc%5Etfw\">February 25, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">With the deployment, the native 1INCH token on BSC will be used as a cross-chain \u201cbridge\u201d between the Binance and Ethereum networks. This means that whenever a user sends in 1INCH tokens to BSC, they will be locked in Binance Bridge, and a corresponding value on Binance will be consequently unlocked.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Doing so would allow users to seamlessly access popular BSC projects and DEXs like PancakeSwap, BurgerSwap, Venus, StableSwap, and others.<\/span><\/p>\n<h2><b>Token lock-ups and LPs<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">To start, over 10 million 1INCH tokens were issued on BSC and will be used as liquidity in the Binance Bridge for transactions between Ethereum and Binance Smart Chain, and the total 1INCH supply will not increase.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">5\/ <\/p>\n<p>\u26a1\ufe0f Moreover, we are launching a liquidity mining program for <a href=\"https:\/\/twitter.com\/hashtag\/BSC?src=hash&ref_src=twsrc%5Etfw\">#BSC<\/a> on February 26, 00:01 (UTC). ? Over a 4-week period, provide liquidity to <a href=\"https:\/\/twitter.com\/search?q=%24BNB&src=ctag&ref_src=twsrc%5Etfw\">$BNB<\/a>-$1INCH pool on <a href=\"https:\/\/t.co\/fLXva1SFRG\">https:\/\/t.co\/fLXva1SFRG<\/a> and get a share of 0.01% of the $1INCH total supply!<\/p>\n<p>&mdash; 1inch.exchange (@1inchExchange) <a href=\"https:\/\/twitter.com\/1inchExchange\/status\/1364970744451657736?ref_src=twsrc%5Etfw\">February 25, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">A liquidity mining program for BSC users has gone live today featuring the BNB-1INCH pool. Over a four-week period, 0.01% of the 1INCH total supply will be distributed as rewards to liquidity providers.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">With time, more pools will be added to the program to increase the total liquidity on the platform, which will, in turn, offer higher rewards to 1INCH stakers \u2014 if they support governance rewards by voting.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>High speeds and low fees are alluring many projects to move to Binance Smart Chain, the crypto exchange\u2019s smart contract-enabled blockchain network. 1inch moves to Binance Smart Chain Decentralized exchange aggregator 1inch said Thursday that it was expanding to the Binance Smart Chain, as per a release. The move comes amidst many projects opening up [&hellip;]<\/p>\n","protected":false},"author":65,"featured_media":179729,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[46940,77472,39],"tags":[60952],"prediction_market_topic":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>DEX aggregator 1inch expands to Binance Smart Chain<\/title>\n<meta name=\"description\" content=\"High speeds and low fees are alluring many projects to move to Binance Smart Chain, the crypto exchange\u2019s smart contract-enabled blockchain network.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/dex-aggregator-1inch-expands-to-binance-smart-chain\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"DEX aggregator 1inch expands to Binance Smart Chain\" \/>\n<meta property=\"og:description\" content=\"High speeds and low fees are alluring many projects to move to Binance Smart Chain, the crypto exchange\u2019s smart contract-enabled blockchain network.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/dex-aggregator-1inch-expands-to-binance-smart-chain\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2021-02-27T04:30:07+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-05T02:22:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2021\/01\/1inch-horse.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Shaurya Malwa\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shaurya Malwa\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/dex-aggregator-1inch-expands-to-binance-smart-chain\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/dex-aggregator-1inch-expands-to-binance-smart-chain\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/shaurya-malwa\/#person\",\"name\":\"Shaurya Malwa\",\"url\":\"https:\/\/cryptoslate.com\/author\/shaurya-malwa\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/shaurya-malwa\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/shaurya-malwa\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/07\/author-shaurya-malwa.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/07\/author-shaurya-malwa.jpg\",\"caption\":\"Shaurya Malwa\"},\"jobTitle\":\"Analyst\",\"description\":\"Post-mining his first bitcoin in 2012, there was no looking back for Shaurya Malwa. 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An economics graduate from the University of Wolverhampton, he breathes financial markets and decentralized ideologies. When not writing, Shaurya works on his culinary skills, trades the big three cryptocurrencies, and surfs airplane blogs.","url":"https:\/\/cryptoslate.com\/author\/shaurya-malwa\/"}]}},"_links":{"self":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts\/183214"}],"collection":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/users\/65"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/comments?post=183214"}],"version-history":[{"count":2,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts\/183214\/revisions"}],"predecessor-version":[{"id":183230,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts\/183214\/revisions\/183230"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/media\/179729"}],"wp:attachment":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/media?parent=183214"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/categories?post=183214"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/tags?post=183214"},{"taxonomy":"prediction_market_topic","embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/prediction_market_topic?post=183214"},{"taxonomy":"post_folder","embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/post_folder?post=183214"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}