1inch

1inch Airdrop

Team: 1inch Network, founded by Sergej Kunz and Anton Bukov
Category
DEX
Status
Archived
Difficulty
Funding
$190M
Rating
N/A
Tasks4
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1inch Airdrop Timeline

Aggregator launches

Aug 2019

Completed

First snapshot taken

Sep 15, 2020

Completed

Second snapshot taken

Dec 24, 2020

Completed

1INCH token and airdrop

Dec 25, 2020

Completed

Second distribution wave

Feb 2021

Completed

About 1inch

1inch began as a hackathon project in 2019, splitting a single trade across every decentralised exchange at once to find a better price than any one venue could quote. By late 2020 it was routing a large share of all DEX volume on Ethereum.

The airdrop landed on 25 December 2020 with no warning. Any wallet that had made at least one trade before 15 September 2020 qualified, as did anyone with four or more trades or $20 of volume before Christmas Eve. Roughly 55,000 addresses shared 90M 1INCH.

It set the tone for aggregator airdrops that followed: a low bar, a retroactive snapshot, and no announcement to game.

Airdrop Stats

55,000+ Eligible
90M 1INCH Total Distributed
$207M Total Value at TGE
TGE details for the 1INCH airdrop
TGE details for the 1INCH airdrop

Launched December 25, 2020 with a fixed 1.5B supply and a Christmas retroactive airdrop to early users (anyone who traded on 1inch before mid-September 2020, plus Mooniswap LPs); it's a DEX aggregator whose token covers governance and staking. The launch allocation was 30% Network Security & Maintenance / protocol incentives (450M), 22.5% Core Team & Employees (337.5M), 21% Ecosystem Growth (315M), 19.5% Investors & Shareholders (292.5M), 5% Advisors (75M), and 2% Early Mooniswap LPs (30M), all on up to a 4-year vesting schedule that is now fully complete. Worth flagging honestly: combined insiders (team + investors + advisors) held ~47%, high versus the ~23% true community share though the retroactive airdrop itself was well-received. For your fields: Category = Dex (aggregator), Airdrop Status = Done/Archived. Important Note: 1INCH is now ~93% unlocked and trades around $0.10, far below its ~$8 ATH; there were no major exploits, but the token has steadily bled value as emissions and unlocks completed

1INCH token allocation at TGE
1INCH token allocation at TGE

How it worked to get the 1inch airdrop

Step 1

Trade through the aggregator

Any single swap routed through 1inch before the 15 September 2020 snapshot qualified a wallet. No minimum size applied.
Step 2

Or meet the December criteria

Wallets that missed the first cutoff could still qualify with four or more trades, or $20 of cumulative volume, before 24 December.
Step 3

Claim on Christmas Day

The distribution opened on 25 December 2020 through the 1inch app, with no prior announcement to prepare for.
Step 4

Keep trading for the second wave

A further distribution in February 2021 rewarded continued use, so holding and trading after the first claim carried additional value.

Was the 1inch airdrop worth it?

  • The bar was as low as it ever got. A single swap before the September snapshot qualified. No volume tier, no multi month activity requirement, no points to farm. Roughly 55,000 wallets split 90M 1INCH worth about $207M at the launch close.
  • Nobody could have farmed it. The snapshot was historical and unannounced, taken months before anyone knew a token existed. Everyone who qualified did so by using the aggregator for its own sake.
  • The follow up mattered. A second distribution wave in February 2021 rewarded continued trading, which made holding and using the protocol after the first claim worth more than flipping it.

1inch Official Links

Official channels, documentation and community for this airdrop:

This airdrop has concluded. It is kept for research rather than participation.

Why we built Airdrop Meta

Why We Built Airdrop Meta

36 million HYPE tokens went unclaimed over a missed T&C signature. That is $1.2 billion lost to a single update, and one of many such cases.

One overlooked deadline should not cost you a life-changing airdrop. Crypto Twitter is loud; we cut through it so you do not have to.

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