1inch co-founder admitted that the team address received 363,000 1INCH airdrop tokens

区块律动BlockBeats

2020-12-29 12:06 (UTC+8)

本文约1679字，阅读全文需要约7分钟

1inch: The team forgot to exclude this address from the airdrop list.

Editor's Note: This article comes fromBlock beats BlockBeats (ID: BlockBeats), reprinted by Odaily with authorization.

Editor's Note: This article comes from

Block beats BlockBeats (ID: BlockBeats)

, reprinted by Odaily with authorization.

On December 29th, in the Telegram group, some netizens questioned that the DeFi aggregation protocol 1inch.exchange team collected handling fees from transaction fees, and suspected of issuing airdrop tokens to their own addresses.

1inch co-founder and CEO Sergej Kunz responded to this. They claimed that the transaction fee was obtained to maintain the server work, and the team received 363,000 1INCH tokens because they forgot to exclude the wallet address from the airdrop list.

1. Netizen Pepe de Gen: Does the front end of 1inch show how much it charges users?

Sergej：

1inch co-founder Sergej Kunz (hereinafter referred to as Sergej): We are not at the front end (display). And it's not a fee, it's an unexpected increase in the refund amount during transaction hours. DAO is profiting from referrers.

2. Netizen Valentin Mihov: Is there any information about 1inch fees so far?https://etherscan.io/address/0x4dfa40fdaa7694676899f8887a45603922609af4#code

Sergej: The UI team is working on a dashboard. We'll be seeing the data soon. The daily volume of the 1INCH-ETH pool brings nearly 8% yield to LPs, referrers, and 1inch token stakers!https://etherscan.io/address/0x735247fb0a604c0adc6cab38ace16d0dba31295f#code

3. Netizen ivangbi: How much money did the DAO get from it? And how many token holders?https://etherscan.io/tx/0xf24227fc961a729c59fb041a04865e3fd9eda42e66ec377617c49c962e693de93. Netizen ivangbi: 6% of $260,000?

Sergej: Yes, $16,000 in 24 hours. The following is the receiving address of 1inch governance fee:

This address is to receive referral fees:

4. Netizen Luciano: What about the address?

, 0x68a17B587CAF4f9329f0e372e3A78D23A46De6b5 This address has been continuously receiving a large amount of referral fees and slippage fees generated by platform transactions.

Sergej: Wait, let’s see what’s in the aggregation protocol, the referral fee for the address 0x68:

5. Netizen Luciano: "Is this address yours? 0x68a17B587CAF4f9329f0e372e3A78D23A46De6b5" I asked this question 4 months ago, and I haven't given a positive reply yet, but it is still receiving a lot of referral fees and positive slips Point handling fee. So you are now saying that 0x68 is not an address you control, right?

(Rhythm note: Positive slippage means positive slippage, that is, the final execution price is better than the preset price.)

Sergej: This is the recommended address of the 1inch team, yes. The team is responsible for the protocol's UI and earns recommender rewards based on DAO votes.

6. Netizen Luciano: They also take fees? So basically any positive slippage is a transaction on the 1inch platform?

Sergej: To reiterate, the DAO decides how much to reward referrers and how much to reward stakers. I know @Luciano is biased against us, but a company with frontend and backend hosts running the Pathfinder algorithm should also be making some money to keep itself afloat. The team runs about 100 very expensive services to provide great and paid services. Referrer Rewards is an option offered to teams to earn money and be able to cover fees.