Balancer

by Balancer Labs

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Blocknet

by Blocknet

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Newdex

by Newdex

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Balancer

by Balancer Labs

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Blocknet

by Blocknet

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Newdex

by Newdex

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What problem does this service solve?

Balancer is designed to maximize liquidity within a decentralized exchange.Blocknet's protocol connects different blockchains and enables transactions of value through their decentralized exchange.Newdex hopes to allow users to trade a variety of cryptocurrencies, with faster transaction times.

Token Stats

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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.

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.

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%.

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