1inch Offers New Liquidity Mining Program

Decentralized finance (DeFi) network 1inch has announced its decision to kick off a new liquidity mining program that will focus on selected pools.

Announcing the new mining program via an official blog post, 1inch noted that the new mining program was launched as a result of the growing popularity of its liquidity programs among the general public.

According to the announcement, 1INCH-USDC, 1INCH-ETH, and 1INCH-WBTC are now available in the new liquidity mining program. The mining program began on March 17 and will run until April 14, 2021 (28 days).

1inch further revealed that 0.05% of its 1INCH token total supply in the new liquidity programs will be distributed among providers of liquidity to each of the above pools.

Also, speaking on previous liquidity mining programs, 1inch noted that its last program, which lasted from February 6 to March 6, witnessed the distribution of 15 million 1INCH tokens to participants. It also revealed that another 1.35 million 1INCH tokens were sent to liquidity providers in its joint programs with some of the hottest projects in the space.

Binance Chain Wallet Integrated Into 1inch

In another development, 1inch recently announced the integration of Binance Chain Wallet into its network.

As a result of the integration, users can now send and receive funds on Binance Chain, Binance Smart Chain, and Ethereum. Also, the integration will enable cross-chain transfers between both of Binance’s blockchains.

Changpeng Zhao, founder and CEO of Binance, also expressed his delight with the integration. Through his official Twitter account, CZ thanked 1inch for adding Binance Smart Chain to its ecosystem.

1INCH Price

At the time of writing, 1INCH token price has dropped by 0.6% in the last 24 hours. The token was trading at $4.64, with a market cap of $691,231,603 and a 24-hour trading volume of $229,119,812. 1INCH currently has a circulating supply of 149 million coins and a max supply of 1.5 billion coins.

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