WazirX listed 1INCH earlier on Thursday on both USDT and INR markets. In other words, we are be able to purchase, sell, and trade 1INCH in WazirX’s INR/USDT market. To make things sweeter, a giveaway of over $13000 is in works and we will learn how users can win it in this article.
Contents
1INCH Basics
The 1inch protocol offers decentralized exchange along with Market making liquidity pools. Additionally, it can draw on other DEXs liquidity pools and that put it in a position to offer better rates.
The 1inch platform is the brainchild of Anton Bukov and Sergei Kunz who are both from Russia. They started with smart contracts auditing before working on the idea of 1inch and eventually establishing it in 2019 raising around $14.8M over two rounds of fundraising. Notable names like Pantera and Binance Labs did participate in the fundraising. The two founders are well versed in the crypto industry taking part and winning many bounty programs. The 1inch platform as of now accommodates over 20 liquidity pools with notable ones being SushiSwap, Kyber, Balancer, Uniswap, and Curve.
Here are some 1INCH stats (as of March 25, 2021):
- Trading Price (past 24 hr): $3.81 USD
- Global Market Cap (past 24 hr): $568,827,211 USD
- Global Trading Volume (past 24 hr): $127,114,839 USD
- Circulating Supply: 149,180,420 1INCH
- Total Supply: 1,500,000,000 1INCH
What does the 1INCH Listing on WazirX Enable?
1INCH is listing on WazirX with deposits and withdrawals open for all.
- Deposits – Participants can deposit 1INCH from another wallet to WazirX.
- Withdrawals – Participants can withdraw 1INCH from their WazirX wallet
- Trading – Participants can buy, sell, trade 1INCH in their USDT and INR market.
Giveaway Schedule
- Friday, March 26: AMA with Sergej Kunz, Co-founder of 1inch Network. Learn everything about 1INCH & win total prizes of $150.
- Tuesday, March 30 – Thursday, April 01: 48-hour long Highest Trader Kaun Marathon with prizes of INR 9,46,000 ($12,400) worth 1INCH for top 200 traders.
- Tuesday, March 30: 1INCH Quiz in WazirX Telegram group with prizes of $300. Show off your 1INCH knowledge in a fun quiz session & win.
- Wednesday, March 31: 1INCH trivia contest on WazirX Instagram page with prizes of $50. Learn interesting trivia about 1INCH & win.
AMA with Sergej Kunz
Participate in a live AMA with Sergej Kunz, Co-founder of 1inch Network to learn everything about 1INCH.
When: Friday, March 26, 5 PM IST
Where: http://t.me/wazirx_discuss
How to participate:
Part 1: WazirX will ask Sergej 10 questions (crowdsourced from our Twitter followers) about 1INCH
Part 2: At the end, WazirX will unmute the group for 10 minutes where members can ask their questions live to Sergej. He’ll try to answer as many questions as he can.
Giveaway:
$100 for top 10 questions selected from Twitter.
$50 for top 5 live questions from Telegram group.
Highest Trader Kaun Marathon: 1INCH/INR
Highest Trader Kaun Marathon welcomes participants with prizes for the top 200 traders and with more opportunities to win. This time there are two of them.
What’s the latest in the contest?
- The first trading contest is from Tuesday, March 30, 9 AM to Thursday, April 01, 9 AM IST.
- Contest will be run non-stop for 48 hours.
- Total prize of INR 9,46,000 (~ $12,400 USD) worth 1INCH. Participants can win rewards based on their trading performance for the entire 48-hour long trading contest marathon!
Contest timing: Tuesday, March 30, 9 AM — Thursday, April 01, 9 AM IST (non-stop)
How can participants take part in the contest and win?
Winners will be determined on the basis of the volume of 1INCH traded in the WazirX’s INR market.
How to qualify: Participants at least need a minimum volume of 15.91 1INCH (worth ~5,000 INR)
What are the prizes?
Prizes for top 200 traders in the contest:
| Trader Rank | Prizes/person (1INCH) | INR worth |
| 1 | 601.88 | 1,89,200 |
| 2 | 361.13 | 1,13,520 |
| 3 | 210.66 | 66,220 |
| 4 – 10 | 120.38 | 37,840 |
| 11 – 15 | 60.19 | 18,920 |
| 16 – 20 | 36.11 | 11,352 |
| 21 – 25 | 18.06 | 5,676 |
| 26 – 30 | 9.63 | 3,027 |
| 31 – 35 | 6.02 | 1,892 |
| 36 – 40 | 3.01 | 946 |
| 41-200 | 2.05 | 644 |
Instagram Trivia Contest
Participants can find how much they know about Hedera Hashgraph, through the 1INCH trivia contest.
When: Wednesday, March 31, 12 PM IST
Where: instagram.com/wazirx
How to participate:
- Follow WazirX on Instagram: instagram.com/wazirx
- WazirX will share 5 questions on their Instagram Story
- Participants have to choose the right answer
Giveaway:
One winner will be chosen from every question from all the correct answers and will win 2.43 1INCH.
1INCH Quiz
WazirX is arranging an exciting quiz about 1INCH. Participants can show off their 1INCH knowledge and win prizes.
When: Tuesday, March 30, 6 PM IST
Where: http://t.me/wazirx_discuss
Reading resources:
- https://research.binance.com/en/projects/1inch
- https://1inch.exchange/
- https://blog.wazirx.com/1inch-listing-on-wazirx-grand-1inch-giveaway/
How to participate:
- Join the WazirX Discuss group on Telegram: t.me/wazirx_discuss
- Participants will be given a total of 10 questions.
- Participants need to choose the correct answer as quickly as they can
Giveaway:
1st place: $50
2nd – 5th place: $25 each
6th – 20th place: $10 each
Note: For the entire giveaway, 1INCH price will be considered at $4.12, i.e., INR 314.35 and all prizes will be distributed by April 16, 2021.
Happy Trading!
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