1inch Token

by 1inch DAO

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Bitshares

by Bitshares

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0x

by 0x

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1inch Token

by 1inch DAO

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Bitshares

by Bitshares

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0x

by 0x

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What problem does this service solve?

1inch allows traders to find the best rates across multiple exchanges.Bitshares is an open source blockchain platform designed to increase access to banking services.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.

Token Stats

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.
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).

BitShares is a blockchain platform designed to assist the unbanked. It offers both banking and exchange services. Bitshares was originally launched in 2014 by Dan Larimer, an influential blockchain developer that has also worked on EOS and Steemit. It is a community run open source project.
Bitshares' goal is facilitate greater access to financial services. The Bitshares exchange is a decentralized platform that was designed to be scalable and ensure low transaction fees.
Bitshares has a delegated Proof-of-Stake (PoS) consensus algorithm. Aside from a decentralized asset exchange, it also offers users the ability to issue their own assets, price-stable digital currencies, and flexible crypto payment options.
The Bitshares decentralized exchange and banking ecosystem is powered by the BTS token.

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.
It is an open-source system of smart contracts that acts as a platform for those wanting to build with the 0x protocol. Augur, Aragon and several other projects are using 0x, at the moment.
The 0x protocol addresses some of the common issues that plague other decentralized exchanges. 0x is faster, more liquid, and less expensive to run. Its speed is due to reduced blockchain congestion. This is achieved by moving all transactions off of the blockchain and then verifying them. This move, also allows for the elimination of transaction fees by reducing the reliance on the blockchain. 0x doesn’t charge fees of any type to use the protocol. However, Relayers that create their own decentralized exchange can charge fees.
The 0x Project uses the 0x Ethereum token, known as ZRX, that allows users to pay Relayers’ transaction fees. It is also a decentralized form of governance for the 0x protocol system. Anyone holding ZRX can give input about improving the protocol.

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