Balancer vs Bakery Token vs Bitshares
What problem does this service solve?
Balancer is designed to maximize liquidity within a decentralized exchange. | The Bakery AMM exchange leverages the speed, and reduced fees, of the Binance Smart Chain to create a more efficient DEX platform. | Bitshares is an open source blockchain platform designed to increase access to banking services. |
Token Stats
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. | 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. | 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. |