1inch Token vs OmiseGo vs Bakery Token
What problem does this service solve?
1inch allows traders to find the best rates across multiple exchanges. | OmiseGo is developing a decentralized exchange and interoperable wallet that will make it easier to transact and exchange cryptocurrencies. | The Bakery AMM exchange leverages the speed, and reduced fees, of the Binance Smart Chain to create a more efficient DEX platform. |
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. | 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. | The Bakery Token fuels the Bakery Swap ecosystem, which offers liquidity pools for a variety of altcoins. Users can earn BAKE tokens by providing liquidity on Bakery Swap's platform in exchange for a portion of the trading fees generated. Bakery Token holders can also use their tokens to participate in governance voting and to receive transaction fee dividends. Bakery Swap uses a decentralized automated market-making (AMM) protocol that is built on the Binance Smart Chain. It was created by an anonymous group of developers and is governed by a DAO structure. |