What problem does this service solve?

The Nash Exchange allows users to buy and sell a variety of digital assets.Balancer is designed to maximize liquidity within a decentralized exchange.

Token Stats

Company Description

Nash Exchange, formerly knows as NEX, is a decentralized exchange. Nash's decentralized exchange is powered by an off-chain matching engine that allows users to trade a variety of digital assets across several blockchains. The exchange's NEX token, gives holders the opportunity to stake tokens to earn a portion of the fees generated.

The Balancer cryptocurrency is the reward token that fuels the Balancer market maker protocol. The Balancer protocol serves as a liquidity provider and a non-custodial portfolio manager. Unlike other automatic market maker protocols, such as Uniswap, Balancer is designed to provide a general solution that can be customized for a variety of trading pools with different distributions. It uses smart order routing to send trades to trading pools with the best rates available, and rewards traders by paying them a fee for increasing the liquidity of these pools.