The 1inch Foundation extends the gas refund program
05/27 15:24
The 1inch Foundation announced on official blog that decided to allocate another 10 mln 1INCH tokens to continue the program which gas consumption refund to Ethereum users who are staking 1INCH through the 1inch dApp. The terms remain as follows: staking of 100 1INCH allows users to get a 25% gas refund; staking of 1,000 1INCH allows users to get a 50% gas refund; staking of 10,000 1INCH allows users to get a 75% gas refund; staking of 100,000 1INCH allows users to get a 100% gas refund. The new refund program will run until the 10 mln 1INCH mark is reached. Also, to be eligible for monthly gas refunds, a 1inch user needs to stake 1INCH for the entire period between their first swap of the month and the day of the gas refund distribution. The maximum amount of gas refund to one person is limited to $10K in 1INCH tokens per month.
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