1inch Token vs 0x vs Newdex
What problem does this service solve?
1inch allows traders to find the best rates across multiple exchanges. | 0x is designed to serve as a decentralized exchange for the Ethereum blockchain. The protocol uses Ethereum smart contacts that allow users to participate in a decentralized exchange, while adopting certain features of centralized exchanges. | Newdex hopes to allow users to trade a variety of cryptocurrencies, with faster transaction times. |
Token Stats
Not Relevant |
Company Description
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. | 0x is a decentralized exchange built on the Ethereum blockchain that allows for ERC20 tokens to be traded. 0x hopes to serve as a building block for creating decentralized exchanges. | Newdex is the first EOS based decentralized exchange. It's built on the EOS main chain and uses an off-chain matching mechanism to pair buyers and sellers. Newdex was hacked in September 2018, and lost around $58,000 worth of cryptocurrencies. Trading fees are 0.1%. |