Decentralized exchange (DEX) aggregator 1inch has issued its own governance token.
Users of 1inch and the Mooniswap DEX, founded by the same execs, will get rewarded with a Christmas gift of sorts and have a say on matters like fees, referral rewards and other governance issues.
The token, named 1INCH and running on the Ethereum blockchain, will be distributed to all wallets that have previously interacted with 1inch (under certain trading conditions). The giveaway follows the approach taken by Uniswap, which made a surprise airdrop of UNI tokens to past users (worth well over $1,000 at the time) in September.
Again similar to Uniswap, 1inch is also announcing a liquidity mining program that will be launched Dec. 26 for 1INCH liquidity providers.
Mooniswap, in turn, has just been rebranded as 1inch Liquidity Protocol, so that the team has all its startups consolidated under one brand, 1inch spokesperson Sergey Maslennikov told CoinDesk.
Just as Uniswap’s UNI airdrop boosted…