# \[ Discussion Panel \] Making 1inch Tokens ULTRA - USEFUL!
**URL:** https://gov.1inch.network/t/discussion-panel-making-1inch-tokens-ultra-useful/205
**Category:** 2.1 General Proposals
**Created:** [April 25, 2021, 6:56pm UTC](https://gov.1inch.network/t/discussion-panel-making-1inch-tokens-ultra-useful/205 "2021-04-25T18:56:15Z")
**Posts on this page:** 20
**Page:** 3
### Author:  [@flare](https://gov.1inch.network/u/flare)
#### Post date: [July 2, 2021, 2:33pm UTC](https://gov.1inch.network/t/discussion-panel-making-1inch-tokens-ultra-useful/205/41 "2021-07-02T14:33:53Z")
I think we need first Stage-2 proposal
because we don’t know what we can do
trust 1inch community,only do it.
I like No.4 No.5 No.6 No.7
others are good,but difficulty for now！
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### Author:  [@LL1](https://gov.1inch.network/u/LL1)
#### Post date: [July 2, 2021, 2:38pm UTC](https://gov.1inch.network/t/discussion-panel-making-1inch-tokens-ultra-useful/205/42 "2021-07-02T14:38:01Z")
Ok, I like those all
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### Author:  [@\_KamiKaZ\_e\_OverLord](https://gov.1inch.network/u/_KamiKaZ_e_OverLord)
#### Post date: [July 2, 2021, 5:46pm UTC](https://gov.1inch.network/t/discussion-panel-making-1inch-tokens-ultra-useful/205/43 "2021-07-02T17:46:59Z")
I’m thinking to join 6 & 7th Points together
& Bumping an Old Post to add some points from them .
[Free trading for 1inch DAO](https://gov.1inch.io/t/free-trading-for-1inch-dao/946) [Aggregation Protocol](https://gov.1inch.network/c/1inch-dao/agg-protocol/20)
> star Summary
>
> Reduce platform fees for those who are staking 1inch in the DAO proportional to the amount of tokens that have been staked.
> Note: The exact ratio can be voted on
>
> Specific example for a 1:1 fee reduction for 1inch staked:
>
> Jim stakes 2000 1inch tokens in the DAO
> 1inch price = $5
> 2000 \* $5 = $10,000
> this would then mean that Jim has a 100% fee reduction on trades \>= $10,000 in value.
>
> warning Risks
>
> Sam buys $1,000,000usdc worth of 1inch tokens
> stakes 1inch in DAO
> make…
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### Author:  [@flare](https://gov.1inch.network/u/flare)
#### Post date: [July 3, 2021, 1:05am UTC](https://gov.1inch.network/t/discussion-panel-making-1inch-tokens-ultra-useful/205/44 "2021-07-03T01:05:16Z")
Only do it on LOP and make LOP big
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### Author:  [@\_KamiKaZ\_e\_OverLord](https://gov.1inch.network/u/_KamiKaZ_e_OverLord)
#### Post date: [July 3, 2021, 4:14am UTC](https://gov.1inch.network/t/discussion-panel-making-1inch-tokens-ultra-useful/205/45 "2021-07-03T04:14:26Z")
# [[1IP-1] Proposal : 1inch Trading Incentives - Discount , Swap Fee & Slippage Subsidies](https://gov.1inch.io/t/1ip-1-proposal-1inch-trading-incentives-discount-swap-fee-slippage-subsidies/2004)
Stage 2 Initiated Including -
1. _Rewarding Stakers of 1inch for Prolong Staking_ 🏆
2. _Trading Incentives - Cashbacks , Gas Fee & Slippage Subsidies_ 🀄
---
### Author:  [@\_KamiKaZ\_e\_OverLord](https://gov.1inch.network/u/_KamiKaZ_e_OverLord)
#### Post date: [July 4, 2021, 10:11pm UTC](https://gov.1inch.network/t/discussion-panel-making-1inch-tokens-ultra-useful/205/46 "2021-07-04T22:11:01Z")
Currently I’m Thinking about a Second Proposal about Pools & Staking System & Also a Community engagement rewards system … 🤗
Founders Said it’s difficult to verify the user that will be rewarded . So , I’m trying a Way to make it happen . Trying some logics & will share it soon here once i get it done & finished for further on to Stage - 2
[
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I’d be much more in favor of a system that incentivizes knowledgeable Uniswap community members to participate
Something like [tip.cc](https://tip.cc/) could be used to tip community members who consistently go above & beyond to help out people who are asking questions
There needs to be a careful consideration before implementing a reward system like this because of varying amounts of effort required
* * *
Ideas -
**Quantstamp (QSP):** To incentivize community engagement, contributions, and new user acquisition, Quantstamp utilized their “[Proof of Care](https://medium.com/quantstamp/proof-of-hodl-announcement-d6de05a0d531)” campaign. Quantstamp quantified users’ engagement based on an equation tracking “active project contribution + community involvement + wallet tracking algorithm + history of support.” Users received “POC” scores based on their engagement, and were rewarded tokens proportional to score.
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### Author:  [@flare](https://gov.1inch.network/u/flare)
#### Post date: [July 5, 2021, 3:20am UTC](https://gov.1inch.network/t/discussion-panel-making-1inch-tokens-ultra-useful/205/47 "2021-07-05T03:20:17Z")
I’m proud of you！ thanks
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### Author:  [@\_KamiKaZ\_e\_OverLord](https://gov.1inch.network/u/_KamiKaZ_e_OverLord)
#### Post date: [July 5, 2021, 6:42pm UTC](https://gov.1inch.network/t/discussion-panel-making-1inch-tokens-ultra-useful/205/48 "2021-07-05T18:42:30Z")
> [@LuffLiew111314](#):
>
> Ok, I like those all
The 1st Feature in the Post Still have Flaws where a user can exploit by using multi addresses so we need a Sybil resistant system ( 1 person one vote even if he hold multiple eth addresses )
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### Author:  [@\_KamiKaZ\_e\_OverLord](https://gov.1inch.network/u/_KamiKaZ_e_OverLord)
#### Post date: [July 8, 2021, 5:07am UTC](https://gov.1inch.network/t/discussion-panel-making-1inch-tokens-ultra-useful/205/49 "2021-07-08T05:07:25Z")
> [@Genkai.Shogun](#):
>
> ▄█─ █▀▀█ ─
> ─█─ █▄▀█
> ▄█▄ █▄▄█ ▄
>
> _Insta Click Multi - Coin Conversion_ - IMC ✨
Main Argument Against this Approach was that user will have to face a large gas fee for such Txn to commence .
- I think people care more about easy things & Hassle - Free Functions rather than gas fee which is evident why people Use to trade on UNISWAP even when 1inch provide them the cheapest rates thro their DEX .
So , Keeping ‘Fee’ as the main component against the Feature might not be good idea When it provides a quick solution to a mainstream problem . Also on Side Chains like Polygon & L2 Layers i think this feature can actually become more convenient for DEFI users .
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### Author:  [@flare](https://gov.1inch.network/u/flare)
#### Post date: [July 8, 2021, 5:15am UTC](https://gov.1inch.network/t/discussion-panel-making-1inch-tokens-ultra-useful/205/50 "2021-07-08T05:15:45Z")
but why need _Coin Conversion_? 1inch become a index？ or fund？
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### Author:  [@\_KamiKaZ\_e\_OverLord](https://gov.1inch.network/u/_KamiKaZ_e_OverLord)
#### Post date: [July 8, 2021, 5:30am UTC](https://gov.1inch.network/t/discussion-panel-making-1inch-tokens-ultra-useful/205/51 "2021-07-08T05:30:52Z")
> [@flare](#):
>
> but why need _Coin Conversion_ ? 1inch become a index？ or fund？
Let’s say you received 5 1inch Tokens from 1inch governance rewards after claiming .
Now , I don’t want 1inch tokens instead i want instant convertibility of my 5 1inch Tokens directly to my favorite tokens .
Like BNB & AAVE
So Instead of doing Total 3 - 4 Txns : Approving + Confirming each time
i.e.
Approve 1inch - Swap 1inch to AAVE or even send this eth to another ETH address
Approve 1inch - Swap 1inch to BNB
The IMC will do it All this with 1 click . This make stuff easy & saves time & that’s the sole purpose . Ofcourse , I used 2 tokens as an example to show but you can actually convert 1inch into 2 - 5 - even more tokens at once with few clicks rather than wasting 10 minutes on it . That’s the idea behind its implementation
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### Author:  [@\_KamiKaZ\_e\_OverLord](https://gov.1inch.network/u/_KamiKaZ_e_OverLord)
#### Post date: [July 13, 2021, 1:32pm UTC](https://gov.1inch.network/t/discussion-panel-making-1inch-tokens-ultra-useful/205/52 "2021-07-13T13:32:20Z")
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[
image852×675 51.7 KB
](https://global.discourse-cdn.com/standard11/uploads/x1inch/original/1X/a1f152dad3889857b383d17958bd14a78d2f6f19.jpeg "image")
Feature’s Live on a DEFI project ! Pretty Similar to Binance Dust Conversion to BNB
```
docs.pacoca.io
```
### [Convert Small Balances](https://docs.pacoca.io/platform/convert-small-balances)
[ ](https://www.youtube.com/watch?v=m_cJPyB2OQ8)
```auto
https://youtu.be/m_cJPyB2OQ8?t=1498)
```
[`JUMP`](https://gov.1inch.io/t/discussion-panel-making-1inch-tokens-ultra-useful/1546/60)
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### Author:  [@flare](https://gov.1inch.network/u/flare)
#### Post date: [July 14, 2021, 5:00am UTC](https://gov.1inch.network/t/discussion-panel-making-1inch-tokens-ultra-useful/205/53 "2021-07-14T05:00:58Z")
In my opinion, first of all, we need to improve the function of 1inch.
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### Author:  [@Craig\_Miller](https://gov.1inch.network/u/Craig_Miller)
#### Post date: [July 16, 2021, 5:25pm UTC](https://gov.1inch.network/t/discussion-panel-making-1inch-tokens-ultra-useful/205/54 "2021-07-16T17:25:07Z")
Hey, if ideas on this forum are implemented, is the person who came up with the idea compensated in any way?
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### Author:  [@Craig\_Miller](https://gov.1inch.network/u/Craig_Miller)
#### Post date: [July 16, 2021, 5:52pm UTC](https://gov.1inch.network/t/discussion-panel-making-1inch-tokens-ultra-useful/205/55 "2021-07-16T17:52:41Z")
Should I create a separate topic for this idea? And create the post in a proposal format?
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### Author:  [@flare](https://gov.1inch.network/u/flare)
#### Post date: [July 17, 2021, 1:00am UTC](https://gov.1inch.network/t/discussion-panel-making-1inch-tokens-ultra-useful/205/56 "2021-07-17T01:00:59Z")
We are a community. If necessary, we can propose to give token reward to the proposer of the bill.
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### Author:  [@\_KamiKaZ\_e\_OverLord](https://gov.1inch.network/u/_KamiKaZ_e_OverLord)
#### Post date: [July 17, 2021, 9:17am UTC](https://gov.1inch.network/t/discussion-panel-making-1inch-tokens-ultra-useful/205/57 "2021-07-17T09:17:51Z")
> [@cryptoCMminer](#):
>
> Hey, if ideas on this forum are implemented, is the person who came up with the idea compensated in any way?
> [@flare](#):
>
> If necessary, we can propose to give token reward to the proposer of the bill.
▄█─ ▄▀▀▄ ─
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Yes You Guys are Right . That’s the 1st thing I actually wanted to do .
I think Before Opening a New Proposal on Snapshot , There are few more things that have to be taken care of first . Like
- Adding Live Feed of Active Snapshots which will include : Total Votes + Days Left
- Adding Live Feed Directly to 1inch DEX & iOS App
- Adding [Stage - 3] Proposal Voting Stats on 1inch DEX UI/UX
- Adding some sort of XP/Trust Level System for Specific Addresses that hold 1inch & Vote in Maximum Snapshot Proposals
- [Optional] Random 1inch Rewards after a Snapshot Ends i.e.
1. 2 Random Top 10 Voting Address will get \>=20 1inch Tokens as reward
2. 4 Random Snapshot Address will get 4 1inch Token each (Excluding Top 10)
These are just few things that can actually increase the user participation in Governance + will also increase the fair 1inch distribution
[JUMP](https://gov.1inch.io/t/discussion-panel-making-1inch-tokens-ultra-useful/1546/65)
---
### Author:  [@\_KamiKaZ\_e\_OverLord](https://gov.1inch.network/u/_KamiKaZ_e_OverLord)
#### Post date: [July 17, 2021, 9:21am UTC](https://gov.1inch.network/t/discussion-panel-making-1inch-tokens-ultra-useful/205/58 "2021-07-17T09:21:21Z")
> [@cryptoCMminer](#):
>
> Should I create a separate topic for this idea? And create the post in a proposal format?
I think it’s the No.1 Post here so if you wanna add i’ll compile it & will put your credits Under .
You can just post any idea that increase the 1inch token utilty & from Here we can directly post it for Stage - 2
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### Author:  [@flare](https://gov.1inch.network/u/flare)
#### Post date: [July 17, 2021, 9:24am UTC](https://gov.1inch.network/t/discussion-panel-making-1inch-tokens-ultra-useful/205/59 "2021-07-17T09:24:06Z")
> [@Genkai.Shogun](#):
>
> - Adding Live Feed of Active Snapshots which will include : Total Votes + Days Left
> - Adding this Live Feed Directly on 1inch DEX and iOS App
> - Adding [Stage - 3] Proposal Voting Stats on 1inch DEX UI/UX
need 1inch code maker do
> [@Genkai.Shogun](#):
>
> - 2 Random Top 10 Voting Address will get \>=20 1inch Tokens as reward
> - 4 Random Snapshot Address will get 4 1inch Token each (Excluding Top 10)
these two very well,the most important thing is that people need some surprises!
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### Author:  [@\_KamiKaZ\_e\_OverLord](https://gov.1inch.network/u/_KamiKaZ_e_OverLord)
#### Post date: [July 17, 2021, 9:30am UTC](https://gov.1inch.network/t/discussion-panel-making-1inch-tokens-ultra-useful/205/60 "2021-07-17T09:30:35Z")
I Kept it random than giving it to top 10 or top 50 so that we can keep it away from manipultation
> [@flare](#):
>
> need 1inch code maker do
Oh Actually it can be done easily
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