1inch Token vs OmiseGo vs SushiSwap
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. | SushiSwap is an automated market maker based exchange that provides users with a larger governance role. |
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. | SushiSwap is a decentralized exchange protocol that emerged as a fork of UniSwap. The main difference being the SUSHI token which acts as a governance token and entitles holders to a percentage of the trading fees charged on the network. Both UniSwap and SushiSwap, use an automated market making (AMM) model, where liquidity providers add funds to liquidity pools. Unlike centralized, order book exchanges, token pairs are priced according to an equation in which multiplying the prices of the 2 tokens will always equal a constant. |