1INCH is an Ethereum-based token that powers the 1INCH decentralized exchange (DEX) aggregator. Owners of 1INCH tokens gain voting rights for the governance of 1INCH and can use the tokens for other consumptive purposes on the DEX.
The 1INCH DEX sources for the best prices for token swaps on 1INCH, by connecting with several other DEXes to identify the most efficient swapping routes.