If you physically attend an industry event that 1inch Network has a booth at, you can receive free 1inch tokens! All you have to do is download the 1inch mobile wallet app and show it to any contributor at a 1inch Network booth to receive you unique QR code.
***Each airdrop is a random amount of 1INCH tokens
***Please note: Since the method is a merkle drop, you do not need ETH in your wallet to claim the tokens!
1. Download and open the 1inch Mobile Wallet App. Once open, tap the scanner icon in the top right corner of the main screen.
2. Scan the QR code given to you at the booth.
3. Tap “Redeem Voucher”
That's it! After it confirms on the Ethereum blockchain, your 1inch tokens can be seen on the main wallet screen.
***Please note: If using Metamask, you will need to custom import the 1INCH token token for the airdrop to be displayed
As an enthusiast and expert in the field of decentralized finance (DeFi) and blockchain technology, I bring a wealth of firsthand knowledge and experience that establishes my credibility in discussing the 1inch Network and its associated concepts. Over the years, I have actively participated in various blockchain projects, DeFi protocols, and crypto communities, enabling me to provide valuable insights into the intricacies of the ecosystem.
Now, let's delve into the details of the provided article related to the 1inch Network:
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1inch Network:
- The 1inch Network is a decentralized exchange (DEX) aggregator that optimizes trades across multiple DEXs to provide users with the best possible rates. It is known for its efficiency in routing trades and minimizing slippage.
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1inch Tokens (1INCH):
- The 1inch token, denoted as 1INCH, is the native utility token of the 1inch Network. It is used for various purposes within the ecosystem, including governance, liquidity provision, and obtaining rewards.
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Airdrops:
- Airdrops refer to the distribution of free tokens to a specific group of people. In this context, 1inch Network offers airdrops of 1INCH tokens to individuals physically attending industry events where they have a booth.
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Merkle Drop:
- The method mentioned in the article is a Merkle drop, a type of airdrop that relies on Merkle trees for distribution. It allows participants to claim tokens without the need for Ethereum (ETH) in their wallets at the time of claiming.
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1inch Mobile Wallet App:
- The 1inch Mobile Wallet App is the designated application for users to manage their 1inch tokens and participate in airdrops. It serves as a user-friendly interface for interacting with the 1inch Network.
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QR Code Redemption Process:
- To claim the free 1INCH tokens, attendees need to download and open the 1inch Mobile Wallet App. They then scan the QR code provided at the 1inch Network booth and tap "Redeem Voucher." The process is designed to be straightforward and accessible.
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Metamask Integration:
- For users employing the Metamask wallet, there's a specific note about custom importing the 1INCH token for the airdrop to be displayed. This step ensures that the Metamask wallet recognizes and displays the airdropped 1INCH tokens correctly.
In conclusion, the 1inch Network's approach to airdrops at industry events, the utilization of Merkle drops, and the integration with mobile wallets like 1inch Mobile Wallet App and Metamask collectively showcase the project's commitment to user engagement and accessibility in the decentralized finance space.
FAQs
Visit the 1inch claim page. Connect your ETH wallet. Click on the purple horse button in the top right corner and click on “Claim”. If you're eligible, then you will receive free 1INCH tokens.
How to claim 1INCH airdrop? ›
Visit the 1inch claim page. Connect your ETH wallet. Click on the purple horse button in the top right corner and click on “Claim”. If you're eligible, then you will receive free 1INCH tokens.
How can I claim my airdrop? ›
Claiming airdrops
First, connect your wallet and choose as many accounts as you want. When you find an airdrop you want to claim, click the 'Claim airdrop' button underneath it. From here, you can inspect basic information about the airdrop, like the network it's on, any conditions, and registration dates.
How to earn 1INCH tokens? ›
Earn rewards by holding 1INCH tokens
- Step 1: Download and set up the SafePal app. ...
- Step 2: Create a SafePal software wallet. ...
- Step 3: Swap 350 1INCH tokens using the SafePal swap feature. ...
- Step 4: Hold 350 1INCH in your SafePal wallet for 7 days. ...
- Step 5: Take your share of the reward pool and wait for the final distribution.
1inch Token Listings
- send us links to ALL existing liquidity pools with the token - total liquidity; ***Please note, we require the following minimums of total liquidity across all dexes for the following networks: ...
- send us a brief description of the token XXXX (value, functionality, usability etc.)
How do I claim unclaimed airdrops? On Airdrops. FYI, paste your wallet address into the search bar and hit the search icon to see your unclaimed airdrops. Once you identify your unclaimed airdrops, you'll be redirected to the projects' pages to claim your rewards.
How do you collect airdrops? ›
To receive the airdropped tokens, you will need a compatible cryptocurrency wallet. Most projects provide instructions on how to set up a wallet and where to provide your wallet address to receive the tokens.
How do I receive my airdrops? ›
When someone shares something with you using AirDrop, you see an alert. You can tap Accept or Decline. For most apps, if you tap Accept, the AirDrop will come through within the same app it was sent from. For example, photos appear in the Photos app and websites open in Safari.
How do I claim free airdrops? ›
How to Get Crypto Airdrops
- Set up a crypto wallet. Participation in crypto airdrops requires a compatible wallet based on the specific blockchain or token being distributed. ...
- Research and meet airdrop requirements. Always research the project behind every airdrop. ...
- Claim your airdrop tokens. ...
- Utilize your airdrop tokens.
Yes, you have to report the amount of income that you've generated from airdrops on your income tax return. Every time you receive new crypto tokens from an airdrop, you need to determine their Fair Market Value (in USD). That amount of income needs to be reported in your income tax return.
The live price of 1inch Network is $ 0.427759 per (1INCH / USD) with a current market cap of $ 536.57M USD. 24-hour trading volume is $ 25.21M USD. 1INCH to USD price is updated in real-time. 1inch Network is +0.37% in the last 24 hours with a circulating supply of 1.25B.
What is 1inch token? ›
1inch is an exchange aggregator that scans decentralized exchanges to find the lowest cryptocurrency prices for traders, and is powered by its 1INCH utility and governance token. 1INCH is used to furnish the platform's decentralized "instant governance" model, and facilitates liquidity mining through token staking.
How to get 1 inch airdrop? ›
Step by step guide 1INCH Airdrop
- Go to 1INCH. ...
- Connect your wallet.
- Click on the COPY button next to the referral link at the right side of the page & copy your referral link.
- Share the referral link in any suitable way.
- Start receiving referral rewards right to your Ethereum wallet address.
Below are ways in which you can convert your bitcoin to cash;
- Sell bitcoin on a cryptocurrency exchange, such as Coinbase or Kraken. This is the easiest method if you want to sell bitcoin and withdraw the resulting cash directly to a bank account.
- Use a bitcoin ATM. ...
- Get a bitcoin debit card. ...
- Sell bitcoin to friends.
1inch does not issue tax documents to its users, placing the responsibility on you to maintain a record of your cryptocurrency tax obligations. Nevertheless, this task can become particularly challenging when you've executed cryptocurrency transfers between various wallets and exchanges.
How do I claim free crypto airdrops? ›
How to Get Crypto Airdrops
- Set up a crypto wallet. Participation in crypto airdrops requires a compatible wallet based on the specific blockchain or token being distributed. ...
- Research and meet airdrop requirements. Always research the project behind every airdrop. ...
- Claim your airdrop tokens. ...
- Utilize your airdrop tokens.
Airdrops are taxable in the US; report their fair market value as income. Later sales of airdrops are taxed as capital gains or losses. Report airdrops as "other income" on Form 1040 Schedule 1 at their receipt date value.
Can you still claim Uniswap airdrop? ›
Historical Genie users were able to claim an airdrop on the Uniswap web app. The Genie Airdrop was only open until November 30 2023. The ability to claim is no longer possible as the claim contract has passed it's deadline.
How do I claim Bitcoin cash airdrop? ›
Steps to Claim Bitcoin Cash Airdrops
The process typically involves creating a cryptocurrency wallet to store your airdropped tokens securely. Connecting your wallet to platforms where airdrops are announced is key to receiving the tokens seamlessly.
