1Inch is a decentralized exchange aggregator that finds the best and cheapest platform for trading by checking prices in different DEXs. And now 1Inch Clone Script has been released to the digital world so that more people can use this amazing platform. Therefore, by using the 1inch clone exchange, instead of choosing a single exchange, you can compare the prices of cryptocurrencies on a variety of platforms.
One inch different from other exchanges
1Inch clone software is a relative replica of one new decentralized platform that actually combines two features in one place:
· (DEX Platform)
· (DEX Aggregator)
Now you may ask what is the difference between these two parts. The decentralized platform of this exchange is related to the buying and selling of cryptocurrencies similar to UniSwap. But the aggregator capability of One Inch Exchange is what makes this platform different from its competitors, and it actually aggregates the liquidity of various DEXs such as UniSwap or SushiSwap.
“Aggregation” in this section means that the 1Inch clone script searches for your trading pair on available decentralized platforms with the aim of finding the best price, and when it’s time to complete the trade, the exchange splits your order among different platforms. However, you will see your transaction as a single transaction.
How does 1inch clone exchange reduce gas?
1Inch clone Exchange is designed to solve the problem of gas increase in decentralized exchanges by dividing your trade into micro-transactions in different exchanges. Besides reducing the overall cost of Ethereum gas fees, spreading transactions across exchanges also helps 1inch clone software generate the best return on investment for you.
Of course, the whole work of 1Inch platform is not only reducing the cost of gas. This clone exchange reduces slippage due to the spread of your transaction in different DEXs. For this purpose, 1Inch clone script consolidates liquidity in different exchanges, which is the main factor in reducing slippage.
Main features of 1inch clone exchange
· 1inch exchange liquidity protocol: Anyone can stake their cryptocurrencies in 1Inch’s liquidity pools, which are the foundation of the exchange itself and its automated market maker called Mooniswap.
· Aggregation protocol: 1inch clone exchange is connected to more decentralized exchanges through Ethereum and Binance SmartChain You can access the largest DEXs on both Ethereum and Binance SmartChain with a simple click. In this way, transactions have become more affordable and are done at a higher speed.
· Limit Order Protocol: 1inch clone exchange has provided a variety of complex orders such as stop-loss, trailing stop-loss, and auction using the dynamic mechanism of this protocol. In addition to conditional orders, the limit order protocol of this platform does not charge you any fees, which is a significant difference from its competitors.
· Multi-chain integration on 1inch clone script exchange: Shortly after being deployed on the Binance smart chain, the 1inch exchange was implemented on Polygon, a blockchain for scaling Ethereum transactions. At present, the implementation of One Inch on Polygon has limited aggregation power to UniSwap and SushiSwap.
Conclusion
1Inch clone script Exchange Aggregator is a replica of a special type of decentralized exchange, 1inch exchange script that checks prices in different DEXs and then determines the cheapest route for your business. Therefore, instead of choosing one of the exchanges, this platform allows you to use all of them to get the best option for your purchase.
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