What problem does this service solve?

Decentralized exchange that allows users to become stakeholders and receive 50% of the revenues from trading fees.

Newdex hopes to allow users to trade a variety of cryptocurrencies, with faster transaction times.

Blocknet's protocol connects different blockchains and enables transactions of value through their decentralized exchange.

Token Stats

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Company Description

CryptoBridge is a decentralized exchange (DEX) powered by the BridgeCoin (BOC). BOC holders receive 50% of the profits that CryptoBridge collects from trading fees and become innvestors in the BridgeCoin exchange. In order to receive their share of the profits, users must stake part of their BOC holdings for a period of 1, 3, 6 or 12 months. The longer you stake your coins, the higher the staking bonus will be.
CryptoBridge is built on the Bitshares blockchain, which has relatively fast confirmation times.

Trading Fee: 0.2 %
Withdrawal Fee: 0.01 BOC

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%.

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.

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CryptoBridge vs Newdex vs Blocknet

CryptoBridge

Newdex

Blocknet