Why buy 1INCH?
1) 1inch tokens are used to govern how the protocols work on the blockchain. As a token holder, you have the power to vote on the proposals and default settings of the protocols.
2) 1inch token holders can participate in yield farming by staking their tokens, and receive more tokens as a reward.
About 1INCH Network
1) The 1inch network is a collection of DeFi protocols, combined with an aggregator and automated market-making protocols. The aggregator ensures that you get the best price on assets and the AMM works as a decentralized exchange with liquidity pools on both Ethereum and the Binance Smart Chain.
2) The native token of the network, 1inch (1INCH) is used as a governance token and as utility token on the AMM and the aggregator. The 1inch community sees these tokens as an instrument to build a decentralized and permissionless network.