The decentralized exchange aggregator has on Christmas Day 1 inch, launched its governance and utility token. As part of the launch The platform released 90 million 1-INCH tokens to users who had previously traded on the exchange.
Based on data from the chain analysis provider, dune, The largest recipient of the free token distribution received 9,749,686,003 tokens which were valued at around $ 27.5 million at a maximum price of $ 2.8 per token.
An analysis of the management with the highest initial demand shows significant productive agriculture with a large number of loans and loan guarantee transactions. Management was also active on AMM (Automated Market Maker) platforms such as Uniswap and SushiSwap.
Total, More than 55,200 addresses can claim 1INCH’s free tokens, with more than half of the coins already being claimed, according to Dune. The average total token at these addresses was approximately 1,629 tokens with secured qualified addresses of at least 600 tokens.
To qualify for the airdrop, The merchant must have completed a transaction on the platform before September 15th. Users who Executed a total of four trades or trades worth at least $ 20 before December 24th You are also entitled to claim the free tokens.
1INCH rose 16% in just 24 hours to hit a trading price of $ 2.9but it has since dropped to around $ 2. The Airdrop event follows the project that successfully raised $ 12 million in a funding round supported by Pantera Capital in early December.