Setting up 1inch crypto domains; The decentralized exchange partnered with Unstoppable Domains

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One inch decentralized exchange Thanks to the cooperation with UD, he stepped into the world of crypto domains. 1inch crypto domains Convert wallet addresses to user-friendly names.

One Inch decentralized exchange protocol cooperated with Anstapil Domains. Thanks to this cooperation, One Inch will be able to offer competitive services of cryptocurrency domains.

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Read more: What are the best NFT tokens?

Launch of 1inch crypto domains

On October 4th, 1inch officially announced its partnership with Unstoppable Domains, a provider of NFT domains.

Launch of 1inch crypto domains It has sounded the alarm for competitors such as ENS. The crypto domain market is currently dominated by the Ethereum Domain Service (ENS).

Setting up 1inch crypto domains;  The decentralized exchange partnered with Unstoppable Domains

According to the announcement, One Inch wallet users can now convert complex addresses into user-friendly domain names. Ethereum domain service Nicknamed ENS, like One Inch, it classifies Ethereum wallet addresses with domain names.

Features of 1inch crypto domains

Unstoppable produces user-friendly domains by minting wallet addresses. Owners of these domains can enjoy the benefits of a dedicated domain forever. Owners of ENS domains will be required to pay a periodic fee to maintain their domain address.

Other features of Unstoppable domains include the possibility of obtaining specific addresses with NFT, Wallet, Crypto, Bitcoin, Blockchain, 888 and DAO extensions. The price of some of these domains reaches 10 thousand dollars.

One Inch Network co-founder Sergej Kunz stated that user experience, security and identity issues will continue to hinder mainstream Web 3 adoption. He added: “Partnering with Unstablepl will give us opportunities to overcome the obstacles in front of us.”

Unstoppable claims to have registered 2.6 million domain addresses so far. The company has integrated with 453 other platforms, including Trust Wallet, Coinbase, OpenSea, ShapeShift and the Brave browser. ENS service also has about 2.17 million registered domains.

Price analysis of 1inch token

The main token of the DiFi One Inch platform has experienced a price growth of 2.2% in the last 24 hours. Now every unit 1 inch token It is trading at $0.584. The price of One Inch, like most DeFi tokens, has remained relatively stable in the past few months.

1INCH token is currently 93% away from its October 2021 price peak. At that time, each 1 INCH unit cost about $8.65.

ENS tokens are in a similar position. These tokens have also fallen by 81% compared to their all-time high price in November. According to data from CoinGecko, the ENS token is trading at $15.77, up 3.2% in the last 24 hours.

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Source: cryptopotato

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