1ZC

1ZC is a cryptocurrency token built on the Ethereum blockchain, introduced as part of the 1inch Network ecosystem. The platform, launched in 2019, focuses on decentralized exchange (DEX) aggregation, allowing users to swap tokens across multiple liquidity sources to secure the best possible rates. The 1ZC token serves as the native utility token for the network, enabling users to access exclusive features, participate in governance, and benefit from reduced trading fees.

The 1ZC token operates under an ERC-20 standard, meaning it adheres to the Ethereum token specification, which facilitates compatibility with wallets and exchanges supporting Ethereum-based assets. Initially distributed through an initial coin offering (ICO) in 2019, the token was later made available to the broader community through liquidity mining programs and other incentives. The total supply of 1ZC is capped at 1 billion tokens, with a portion allocated for ecosystem development, marketing, and community rewards.

Key features of 1ZC include governance rights, where token holders can propose and vote on network upgrades and strategic decisions. Additionally, users can stake 1ZC tokens to earn rewards, further incentivizing long-term participation. The token also plays a role in reducing trading fees on the 1inch platform, with discounts applied based on the amount of 1ZC held or staked.

Since its inception, the 1inch Network and its associated 1ZC token have gained traction within the decentralized finance (DeFi) space, attracting users seeking efficient cross-chain trading solutions. The project emphasizes transparency, security, and user-centric design, positioning itself as a competitive alternative to traditional centralized exchanges.