1INCH Christmas Airdrop Hit the Crypto Headline in China
Decentralized exchange aggregator 1inch is undoubtedly the headline in the crypto space today after it issued its governance token and rewards its users with an unexpected Christmas “gift”.
The token, named 1INCH, is distributed to all wallets that have previously interacted with 1inch.exchange until Dec 24, provided that they have executed one trade before Sep 15 or four trades in total or trades worth $20 in total.
The free giveaway surprised some of its users as they found it such a big windfall. These millionaires then showed off their huge amount of 1INCH tokens from the crazy airdrop, which made crypto investors out of this game quite green-eyed. The 1INCH giveaway has obviously become the most talked-about topic among Chinese crypto investors this Christmas.
Dovey Wan, the founding partner at Primitive Ventures and a crypto influencer in China, took it to Weibo that she had received about 100,000 INCH in total in her 50 wallets. She told 8btc that the F2Pool founder had received 80,000 INCH in merely one of his wallets.
The community incentives have been boosting activity on the site like the success of Uniswap’s UNI airdrop this September. At the time of this writing, the 1inch exchange has been ranked 4th by trading volume.
Immediately after its listing on major crypto exchanges, 1INCH token jumped to a high of around $2.86 from the opening price of $0.1, a nearly 30-fold increase in hours, according to Huobi.
The 1inch airdrop continues to heat up the DeFi frenzy, which is drawing more ordinary crypto investors to the sphere.
Big Hi there, this is Lylian, an editor with 8btc. Interested in new stuff going on around the world. Get the latest Chinese policies on blockchain and cryptocurrency for you...
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