1inch Token vs OAX vs Blocknet
What problem does this service solve?
1inch allows traders to find the best rates across multiple exchanges. | OAX wants to use a shared and distributed order book to add liquidity to their decentralized exchange. | Blocknet's protocol connects different blockchains and enables transactions of value through their decentralized exchange. |
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. | 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 | Blocknet is a cross-chain protocol for inter-chain transactions and a decentralized exchange. It is primarily focused on connecting blockchain networks, but is also developing a decentralized exchange to enable trade digital assets across separate blockchains. It is meant to connect the growing number of blockchain projects and make them inter-operable. Blocknet uses a Proof-of-Stake (PoS) consensus mechanism that has three different types of nodes to verify transactions. The network is powered by the BLOCK coin. |