Balancer vs 0x vs Newdex
What problem does this service solve?
Balancer is designed to maximize liquidity within a decentralized exchange. | 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 Balancer cryptocurrency is the reward token that fuels the Balancer market maker protocol. The Balancer protocol serves as a liquidity provider and a non-custodial portfolio manager. Unlike other automatic market maker protocols, such as Uniswap, Balancer is designed to provide a general solution that can be customized for a variety of trading pools with different distributions. It uses smart order routing to send trades to trading pools with the best rates available, and rewards traders by paying them a fee for increasing the liquidity of these pools. | 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%. |