DEX aggregator 1inch raised $ 12 million ahead of the launch of its own token
Investments were attracted by selling simple agreements for future tokens (SAFT). The campaign headed Pantera Capital fund, also including ParaFi Capital, Blockchain Capital, Nima Capital and Spartan Capital Securities.
Received funding 1inch leverage for enlargement his teams in present time numbering 28 people running new protocols and products. Soon 1inch intend to reveal the roadmap in two of the year with improved liquidity protocols and juxtaposition applications.
The 1inch platform specializes in collecting liquidity from various decentralized exchanges to ensure the best execution price and recently introduced its own automated market maker Mooniswap.
also in foreseeable 1inch plans to release its token in the future. For the first time, these plans became known in August. Already was prepared relevant code and open 1inch Foundation organization that will issue the token, but some related questions still require solutions. These include regulatory issues and audits. Audit of contracts and 1inch implementations in the present time seven companies. Registration of the token will be carried out in the regulatory agency, name whom the project does not specify.
“1INCH tokens are not should become securities or investments. They are produced for consumer purposes for use in networks, 1inch protocols and other applications that may develop third faces“, – stated in the project by adding that token also will be used in management and staking.