1INCH is a cryptocurrency associated with the 1inch Exchange, a decentralized exchange (DEX) aggregator. 1inch Exchange aims to provide users with the best possible trading rates across various decentralized exchanges. By splitting orders into smaller parts and utilizing smart contract technology, 1inch Exchange seeks to optimize trades and reduce slippage for traders. The 1INCH token serves multiple purposes within the 1inch Exchange ecosystem. It can be used for governance, allowing token holders to participate in decision-making processes, such as protocol upgrades or fee distribution. 1INCH token holders also receive discounts on trading fees, incentivizing long-term holding. Additionally, users can stake 1INCH tokens to earn rewards and receive a portion of the transaction fees generated on the platform. With its potential to drive supply and demand, the 1INCH token holds significant value for investors.