1INCH FOUNDATION PLANS TO DISTRIBUTE 10M TOKENS TO COMPENSATE FOR GAS COSTS

Last updated: June 19, 2025, 19:29 | Written by: Sam Bankman-Fried

Gas fees. 7.4M subscribers in the CryptoCurrency community. The leading community for cryptocurrency news, discussion, and analysis.The bane of every Ethereum user's existence. El token se acu a cuando el precio del gas es bajo y se quema cuando es alto. 1inch Foundation lanza un programa de becas de 3 millones de d lares para desarrolladores de DeFi; El precio del token de utilidad y gobernanza de 1inch ha ca do significativamente desde que alcanz un m ximo hist rico de USD 7.58 el 8 de mayo.The constant struggle to minimize transaction costs while participating in the exciting world of decentralized finance (DeFi) can feel like a never-ending battle.But what if there was a way to ease that burden?Enter the 1inch Foundation, the non-profit arm of the popular 1inch Network, a decentralized exchange (DEX) aggregator known for its ability to find the best swap rates across multiple DEXs.To continue supporting its loyal community and alleviate the pain of exorbitant gas fees, the 1inch Foundation has announced a generous initiative: the distribution of 10 million 1INCH tokens specifically to compensate users for their gas costs. The 1inch Foundation has decided to continue to compensate gas costs to the 1inch DEX aggregator s users. It s been a while since the 1inch Foundation announced the distribution of 10 mln 1INCHThis isn't a one-time event; it's a continued commitment to rewarding active participants within the 1inch ecosystem.Imagine being able to swap tokens without constantly worrying about the ever-fluctuating price of gas.This program aims to make that a reality for many users.The foundation will allocate these tokens strategically, ensuring that those who actively stake 1INCH tokens through the 1inch dApp are rewarded for their contribution to the network's security and stability.This distribution will begin in September and continue until all 10 million 1INCH tokens are distributed, offering a substantial incentive for users to engage with the 1inch platform.

Understanding the 1inch Foundation's Gas Refund Program

The core of this initiative is simple: compensate users for the often-prohibitive gas fees associated with transacting on the Ethereum network.Gas fees can significantly impact the profitability of smaller trades and deter users from participating in certain DeFi activities. 1inchFoundation c kế hoạch ph n phối 10 triệu token để b đắp cho chi ph gas, những người d ng đặt cọc 100.000 1INCH sẽ được ho n lại.By distributing 10 million 1INCH tokens, the 1inch Foundation aims to level the playing field and encourage greater participation within the 1inch ecosystem.

How the Gas Refund Program Works

The distribution of 1INCH tokens is structured around the staking of 1INCH tokens.This approach incentivizes users to not only use the 1inch DEX aggregator but also to actively contribute to the network's security by staking their tokens.Here's a breakdown of how the program functions:

Staking Requirement: While the program benefits all stakers, users need to stake at least 100,000 1INCH to receive a full refund for their gas fees. Edit Recent News Activity Section. News . coindesk.com How Ichi Tokens Plunged 90% After Bad Debt Fiasco on RariThis threshold ensures that the program primarily benefits those who are deeply invested in the 1inch ecosystem.
Distribution Period: The distribution of 1INCH tokens commenced on September 1st and will continue on a weekly basis.
Resolver Rewards: A portion of the 10 million 1INCH tokens, specifically 250,000 1INCH, will be distributed to resolvers weekly.
Unicorn Power Delegation: The funds from the foundation will also be used to reward 1INCH stakers who choose to delegate their Unicorn Power.

Essentially, the more 1INCH you stake, the greater your potential for receiving gas fee refunds. 1inch Foundation plans to distribute 10M tokens to compensate for gas costsThis creates a symbiotic relationship where users are rewarded for their commitment to the network, and the network benefits from increased staking participation.

Who is Eligible for the 1INCH Gas Fee Compensation?

The program is primarily designed to benefit users who are actively staking 1INCH tokens.While the exact mechanics of the distribution might evolve over time, the core principle remains consistent: staking 1INCH is the key to unlocking gas fee compensation. Only users who stake 100,000 1INCH or more will receive a full refund for their gas fees.Let's delve into the eligibility criteria.

Key Eligibility Criteria

Staking 1INCH: As previously mentioned, staking 1INCH tokens through the 1inch dApp is the primary requirement.
Staking Amount: Users who stake 100,000 1INCH or more are generally eligible for a full refund on gas fees. The non-profit arm of decentralized exchange aggregator 1inch plans to give away more than $23 million to users starting September 1. In an announcement on Tuesday, the 1inch Foundation said itWhile users with smaller staked amounts may still receive some compensation, the amount will likely be proportional to their stake.
Active Participation: The foundation intends to issue monthly refunds for those who stake the token anytime between the first swap in a given month and the day it distributes 1INCH.This encourages active usage alongside staking.

It's important to stay updated with the official 1inch Network announcements and documentation to get the most accurate and up-to-date information on eligibility requirements and distribution details.These can change over time to adapt to the evolving needs of the ecosystem.

Benefits of Staking 1INCH and Receiving Gas Refunds

Participating in the 1inch Foundation's gas refund program offers numerous benefits to users, extending beyond simply offsetting transaction costs.

Tangible Advantages

Reduced Transaction Costs: The most obvious benefit is the reduction in gas fees.This allows users to execute more trades, explore new DeFi opportunities, and interact with the Ethereum blockchain without the constant worry of exorbitant costs.
Increased Profitability: By lowering transaction costs, users can potentially increase the profitability of their trades, especially for smaller amounts.
Incentivized Participation: The program encourages greater participation within the 1inch ecosystem. The foundation said it would begin distributing 10 million of its native 1INCH in an effort to refund gas costs for users who stake its tokens starting September 1. Please note, this is a STATIC archive of website cointelegraph.com from, cach3.com does not collect or store any user information, there is no phishing involved.Users are incentivized to use the 1inch DEX aggregator, stake their 1INCH tokens, and actively contribute to the network's growth.
Earning Unicorn Power: The funds from the foundation will, in turn, be used to reward 1INCH stakers who choose to delegate their Unicorn Power.

Strategic Implications

Strengthening the 1inch Ecosystem: By rewarding stakers, the 1inch Foundation is strengthening the entire 1inch ecosystem.Increased staking leads to greater network security and stability.
Attracting New Users: The gas refund program can attract new users to the 1inch platform. In an announcement on Tuesday, the 1inch Foundation said it would begin distributing 10 million of its native 1INCH in an effort to refund gas costs for users who stake the tokens. The foundation intends to issue monthly refunds for those who stake the token anytime between the first swap in a given month and the day it distributes 1INCH.The promise of reduced transaction costs and potential rewards can be a significant draw for those who are hesitant to participate in DeFi due to high gas fees.
Long-Term Sustainability: The program demonstrates the 1inch Foundation's commitment to the long-term sustainability of the 1inch Network. The 1inch Foundation has decided to continue to compensate gas costs to the 1inch DEX aggregator s users. It s been a while since the 1inch Foundation announced the distribution of 10 mln 1INCH tokens as gas consumption refund to Ethereum users who are staking 1INCH through the 1inch dApp .By rewarding active participants, the foundation is fostering a community that is invested in the success of the platform.

How to Get Started with Staking 1INCH and Claiming Gas Refunds

If you're interested in participating in the 1inch Foundation's gas refund program, here's a step-by-step guide to getting started:

Acquire 1INCH Tokens: The first step is to acquire 1INCH tokens. 1inch Foundation plans to distribute 10M tokens to compensate for gas costs. Powers On Why the fear of ICO enforcement and liability is coming to an end.You can purchase them on various cryptocurrency exchanges, including Binance, Coinbase, and of course, through the 1inch DEX aggregator itself.
Install a Web3 Wallet: You'll need a Web3 wallet, such as MetaMask or Trust Wallet, to interact with the 1inch dApp and stake your 1INCH tokens. Earlier, the 1inch Foundation announced the distribution of 10 mln 1INCH tokens to the DeFi community as gas cost refunds. The program will run until this amount is fully distributed and remains live in September. To get a refund, you need to stake 1INCH tokens. The amount of staked 1INCH tokens is also important as:Make sure your wallet is connected to the Ethereum network.
Navigate to the 1inch dApp: Go to the official 1inch dApp website. 1inch Foundation plans to distribute 10M tokens to compensate for gas costsSource: CointelegraphPublished on 10M tokens to compensate for gas costs. byDouble-check the URL to ensure you're not visiting a phishing site.
Connect Your Wallet: Connect your Web3 wallet to the 1inch dApp. The 1inch Foundation has made a decision to compensate gas costs to the 1inch DEX aggregator s users. The 1inch team is thrilled to announce that on Septem, the 1inch Foundation willFollow the prompts to authorize the connection.
Stake Your 1INCH Tokens: Navigate to the staking section of the dApp.You'll need to approve the staking contract and then deposit your 1INCH tokens into the staking pool.Remember that staking requires a transaction, so you'll need ETH in your wallet to pay the gas fee (ironic, but necessary).
Monitor Your Gas Refund Eligibility: Keep track of your staking activity and monitor the 1inch Network's announcements for updates on the gas refund program.

Important Note: Always exercise caution when interacting with DeFi platforms.Double-check the URLs, verify the smart contract addresses, and be aware of the risks involved.

Analyzing the Impact of the 1inch Foundation's Initiative

The 1inch Foundation's decision to allocate another 10 million 1INCH tokens to compensate for gas costs is a significant development with the potential to impact the DeFi landscape in several ways.

Potential Outcomes

Increased DEX Aggregator Usage: The program will likely lead to increased usage of the 1inch DEX aggregator, as users are incentivized to use the platform to minimize their trading costs.This can drive more volume through the platform, benefiting the entire ecosystem.
Higher Staking Participation: The program incentivizes users to stake 1INCH tokens, which can lead to greater network security and stability.A higher staking rate also reduces the circulating supply of 1INCH, potentially impacting the token's price.
Greater DeFi Accessibility: By offsetting gas fees, the program makes DeFi more accessible to a wider range of users, particularly those who are hesitant to participate due to high transaction costs.
Competitive Pressure on Other DEXs: The 1inch Foundation's initiative may put pressure on other DEXs and aggregators to offer similar incentives to attract and retain users.This could lead to a broader trend of gas fee compensation programs in the DeFi space.
Positive Impact on 1INCH Token Value: The increased utility of the 1INCH token, driven by the gas refund program and staking incentives, could positively impact its value over time.

Addressing Common Questions About the 1inch Gas Refund Program

Let's address some frequently asked questions about the 1inch Foundation's gas refund program:

FAQ Section

Q: How often are gas refunds distributed?

A: The 1inch Foundation plans to issue monthly refunds to eligible users, but distributions will be happening weekly, with 250,000 1INCH tokens being distributed to resolvers.Make sure to consult official documentation for the most up-to-date distribution schedule.

Q: What happens if I stake less than 100,000 1INCH?

A: While staking 100,000 1INCH or more typically qualifies you for a full gas refund, staking smaller amounts may still entitle you to partial compensation. The 1inch foundation will be giving away 10 million 1INCH tokens as gas consumption refund. According to a blog post, the foundation will distribute the token between users who stake 1INCH through the 1inch dApp. The distribution itself will begin on September 1. Subscribe to ourThe exact amount will likely depend on the specific terms of the program and the amount of 1INCH you stake.

Q: How do I claim my gas refunds?

A: The gas refunds are generally distributed automatically to your wallet based on your staking activity. 1inch Foundation plans to distribute 10M tokens to compensate for gas costs bizgram simlim simlimsquare sls bizgramasia singapore top store itshop itdeals deals gaming core best shopYou don't typically need to take any specific action to claim them, other than ensuring that you are staking your 1INCH tokens through the 1inch dApp.

Q: Is the gas refund program permanent?

A: The current program is designed to distribute 10 million 1INCH tokens. The 1Inch Foundation will compensate DEX aggregator users for gas fees by doling out 10 million 1Inch coins to qualified users. 1Inch Foundation Giving Away 10MOnce those tokens are fully distributed, the program may be subject to change or discontinuation.However, the 1inch Foundation may introduce new programs or initiatives in the future to continue supporting its community.

Q: Where can I find the most up-to-date information about the gas refund program?

A: The best source of information is the official 1inch Network website and its official social media channels, such as Twitter and Telegram.These channels will provide the most accurate and timely updates on the program's terms and conditions.

Staying Safe in DeFi: A Word of Caution

While the 1inch Foundation's gas refund program offers attractive benefits, it's crucial to remember that participating in DeFi carries inherent risks. Menu. Home; Bitcoin Chart; Cryptocurrency News; Privacy Policy; Terms Of Service; Crypto AcademyAlways exercise caution and take steps to protect yourself from potential scams and security vulnerabilities.

Security Best Practices

Use a Hardware Wallet: For added security, consider using a hardware wallet, such as Ledger or Trezor, to store your 1INCH tokens. Cardano Dogecoin Algorand Bitcoin Litecoin Basic Attention Token Bitcoin Cash. 1inch foundation will distribute 10 million 1inch in compensation for gas costsHardware wallets provide an extra layer of protection against hacking and unauthorized access.
Be Wary of Phishing Scams: Always double-check the URLs of websites and dApps to ensure you're not visiting a phishing site. Based on the above, the 1inch Foundation decided to allocate another 10 mln 1INCH tokens to continue the program. The terms remain as follows: staking of 100,000 1INCH allows users to get aNever enter your private keys or seed phrases on any website or dApp unless you are absolutely certain it is legitimate.
Verify Smart Contract Addresses: Before interacting with a smart contract, verify its address to ensure it is the correct one.Scammers may try to trick you into interacting with malicious smart contracts that can steal your funds.
Use a Separate Wallet for DeFi Activities: Consider using a separate wallet specifically for DeFi activities to isolate your funds and minimize the risk of losing your entire portfolio if one wallet is compromised.
Keep Your Software Up-to-Date: Keep your Web3 wallet and other software up-to-date to patch any security vulnerabilities.

Conclusion: Embracing Gas Fee Relief with 1INCH

The 1inch Foundation's plan to distribute 10 million 1INCH tokens to compensate for gas costs is a welcome development for the DeFi community.This initiative not only reduces transaction costs for users but also strengthens the 1inch ecosystem by incentivizing staking and active participation.By staking 1INCH tokens through the 1inch dApp, users can unlock gas fee refunds and contribute to the network's security and stability.

Key takeaways from this program include the incentivized staking, reduced transaction costs, enhanced profitability for smaller trades, and the reinforcement of the 1inch ecosystem. Only users who stake 100,000 1INCH or more will receive a full refund for their gas fees. The non-profit arm of decentralized exchange aggregator 1inch plans to give away more than $23 million to users starting September 1.In an announcement on Tuesday, the 1inch Foundation said it would begin distributing 10 million of its native MoreAs the DeFi landscape continues to evolve, initiatives like this one play a crucial role in making decentralized finance more accessible and attractive to a wider audience.If you're an active DeFi user looking to minimize your gas fees and support a leading DEX aggregator, staking 1INCH and participating in the 1inch Foundation's gas refund program could be a smart move. The 1Inch Foundation will compensate DEX aggregator users for gas fees by doling out 10 million 1Inch coins to qualified users.Remember always to conduct your own research and stay informed about the latest developments in the DeFi space before making any investment decisions. The non-profit arm of decentralized exchange aggregator 1inch plans to give away more than $23 million to users starting September 1. In an announcement on Tuesday, the 1inch Foundation said it would begin distributing 10 million of its native 1INCH in an effort to refund gas costs for users who stake the tokens.Now is the time to stake your 1INCH tokens and start saving on those pesky gas fees!