What's Hot

    Chinese tax authorities step up pressure on private crypto investors

    26.01.2023

    Tether will look for crypto transactions that pay for child pornography

    26.01.2023

    On-chain activity in the Optimism network collapsed after the end of the NFT bonus program

    26.01.2023
    Facebook Twitter Instagram
    Friday, January 27
    Facebook Twitter Instagram
    Crypto News
    • Home
    • Bitcoin
    • Ethereum
      • Altcoins
      • ICO
    • Analytics
    • Blockchain
    • Other
      • DeFi
      • Mining
      • Regulators
      • Security
    Crypto News
    Home»Bitcoin»1inch Network introduced the function of direct exchange of tokens between users
    d36ba57fb3db8cd51432ad6f27d29f2f30302e71
    Bitcoin

    1inch Network introduced the function of direct exchange of tokens between users

    AdministratorBy Administrator03.03.2022No Comments2 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Reading time: ~2 m


    The 1inch Network DeFi project has introduced a P2P order feature that allows the exchange of digital assets directly between users. This was reported to ForkLog by representatives of the team.

    “A P2P order will be useful in situations where the liquidity of a particular token is not enough for a large OTC transaction, and a swap in the market will entail significant slippage. The same applies to tokens that are not yet traded on the market, such as those in the pre-sale stage,” the statement said.

    The P2P order system is based on the 1inch Limit Order Protocol. The function is available in all networks supported by the project.

    To perform an operation, the user needs to find a counterparty and agree with him on the exchange of a certain number of tokens. After that, the counterparty provides a cryptographic address, which must be specified in the P2P tab of the 1inch application.

    1inch Network introduced the function of direct exchange of tokens

    Data: 1inch Network.

    The exchange can be carried out at the rate agreed by the parties or at the rate provided by the 1inch spot price aggregator. After creating a P2P order, the user can send it to the counterparty as a URL link.

    The project team noted that the main advantages of this exchange method are complete decentralization and smart contract execution guarantee.

    Recall that in February 2022, 1inch Network launched the investment product 1inch Earn – a set of pools using the concept of concentrated liquidity.




    #1inch #Network #introduced #function #direct #exchange #tokens #users

    1inch direct Exchange function introduced Network tokens users
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Avatar of Administrator
    Administrator

    Related Posts

    On-chain activity in the Optimism network collapsed after the end of the NFT bonus program

    26.01.2023

    Shiba Inu Network Transferred 3 Trillion SHIB Tokens Worth $38 Million

    26.01.2023

    AI Calls Bitcoin a Tool to Destroy Central Banks

    26.01.2023

    Djed on the Cardano network will be launched next week. What’s next for ADA?

    26.01.2023
    Add A Comment

    Leave A Reply Cancel Reply

    Recent Posts
    • Chinese tax authorities step up pressure on private crypto investors
    • Tether will look for crypto transactions that pay for child pornography
    • On-chain activity in the Optimism network collapsed after the end of the NFT bonus program
    • Shiba Inu Network Transferred 3 Trillion SHIB Tokens Worth $38 Million
    • AI Calls Bitcoin a Tool to Destroy Central Banks
    Recent Comments
    • 수원출장 on A professor from a US university restored the Tornado Cash code to GitHub
    • 123 on Taproot support added to LND Lightning client
    • houston junk car buyer on 16,000% increase in social media mentions in 2021 Shiba inu
    • Jim Carrey Memy on Bitwise Launches NFT Tracking Index Fund
    • hotshot bald cop on Kava developers launch testnet with EVM support
    Archives
    • January 2023
    • December 2022
    • November 2022
    • October 2022
    • September 2022
    • August 2022
    • July 2022
    • June 2022
    • May 2022
    • April 2022
    • March 2022
    • February 2022
    • January 2022
    • December 2021
    • November 2021
    • October 2021
    • September 2021
    • August 2021
    • July 2021
    • June 2021
    • May 2021
    • April 2021
    • March 2021
    • February 2021
    • January 2021
    • December 2020
    Categories
    • Altcoins
    • Analytics
    • Bitcoin
    • Blockchain
    • Ethereum
    • ICO
    • Mining
    • Other
    • Regulators
    • Security
    Meta
    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org
    Top Posts

    Subscribe to Updates

    Get the latest sports news from SportsSite about soccer, football and tennis.

    Advertisement
    Demo
    Facebook Twitter Instagram Telegram
    • Home
    • Bitcoin
    • Ethereum
    • ICO
    © 2023 Bt-Crow.com - CryptoNews

    Type above and press Enter to search. Press Esc to cancel.