1inch updates token allocation information: 1inch tokens are not sold to users and are only used as product rewards
Blockbeats, a decentralized trading aggregatingplatform, 1Inch, has recently updated its previous articles about issuing 1Inch tokens and kick-starting liquidity mining. 1Inch stressed that the 1Inch token will not be sold to users, but as a reward for using the 1Inch, adding that the system would be a virtuous circle from which users could benefit. "The token has not been released yet, and an official announcement will be made in a few weeks," it said.
In addition, 1 inch tokens assigned to make to the clarification, pointed out that "some users mistakenly assume that the whole community only gets 2% of the actual is not the case. In our tokens, allocation scheme, 21% will be used for ecological construction (community), 2% will be allocated to the early liquidity providers, namely assigned to 23% of the community, and 1 inch team accounted for 22.5%."
Related reading:1Inch announces scrip allocation plan and liquidity mining plan, 47% scrip is allocated to the team, investors and shareholders.
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