- A sort of digital asset that is unique to a certain exchange is a crypto exchange token.
- It may be started for several purposes, including rewarding users or starting new transactions.
Crypto exchange tokens serve as a source of liquidity for the exchange, which increases their usefulness. The token can also be used to pay costs including listing fees, withdrawal fees, and deposit fees. Not only that. Additionally, it can aid in the process of communal government.
1INCH
The 1INCH token was introduced by its creators through an airdrop. Additionally, at the event, the team distributed 6% of its stock. There are more than one billion 1inch tokens in circulation overall. Some of these were given to different community incentives, including the Mooniswap mining program. The team will unblock 14.5% of the 1inch token over the following four years. Funds will be used by the team for a variety of initiatives, including team growth and grants.
A platform called 1INCH, which runs on Ethereum, attempts to offer the best exchange rates. Users can trade their cryptocurrency on different decentralized exchanges thanks to it.
1INCH price prediction
In a recent analysis, Coin Arbitrage Bot stated that 1INCH is a fantastic investment for the coming year. According to the forecast, the price will peak in 2022 at about $2.82789. The research also predicted that the business would turn a profit all year.
UNI
The UNI governance token from Uniswap has a 1 billion unit supply overall. For more than four years, it will be for sale. To sustain its network involvement after that, the corporation will implement a 2% inflation rate.
Uniswap community members receive 60% of the token distribution, team members receive 20%, and investors receive 17.8% of the tokens. The team will distribute the final three payments on a four-year timeline.
UNI Price Prediction
Uniswap is a very optimistic asset, according to Trading Beasts’ recent coin price projection. It might keep increasing till December 2022.
The price of Uniswap may continue to rise despite the recent volatility, according to technical analysis company Libertex. The asset will eventually attain its full potential and a value of $60, according to this belief.
Which Coin Will Attract More Investors In The Long Term?
With a volume of over 1 billion, Uniswap is the top decentralized exchange in TVL at the moment. With a total liquidity of over a billion, 1inch is likewise quite active. On exchanges including Coinbase Pro, Binance, and Kraken, the cryptocurrency UNI from Uniswap has been ranked in the top 20.
Although 1INCH is primarily traded on OKEx and Binance, its market cap is lower than UNI’s. In light of the growing number of decentralized exchanges, 1INCH and UNI might be wise choices. As more delegates participate in the governance activities of the Uniswap platform, there will be a greater demand for UNI tokens.