The 1inch token is used as a governance token for the 1inch network, which is a decentralized exchange (DEX) aggregator that connects multiple DEXes into one platform, and allows its users to find the most efficient swapping routes across all platforms. 1inch allows traders to source the best liquidity options and rates from different exchanges without having to check them manually.
1inch was founded by Sergej Kunz and Anton Bukov, and was launched in 2020. It is backed by several influential investors, including Binance Labs, Galaxy Digital, Greenfield One, Libertus Capital, and Dragonfly Capital. The network is governed by a decentralized autonomous organization (DAO).

OmiseGO is an Ethereum-based financial network that enables greater inclusion and interoperability between blockchain projects. OmiseGo is building a decentralized cryptocurrency exchange that will facilitate real-time, peer-to-peer value exchange of fiat and crypto assets. Through the OMG wallet SDK, users can build or use compatible wallets to integrate with the network.
OMG is powered by their Plasma architecture and the OMG token. Their goal is to enable unlimited scalability to support greater transaction speed and higher trading volumes.

OAX is developing a decentralized exchange that will address some of the privacy and security risks of centralized exchanges. Their platform will have a shared and decentralized order book, and will include the following features: a mechanism for credit risk assessment, structured dispute resolution, and a collateralized deposit system. OAX will apply the 0x protocol to improve liquidity for assets on the platform. Orders will be broadcasted publicly, and will be viewed by all potential takers. ddecentralized exchange model