Nash Exchange vs Uniswap vs Newdex
What problem does this service solve?
The Nash Exchange allows users to buy and sell a variety of digital assets. | Uniswap allows users to trade Ethereum tokens without a middleman. | Newdex hopes to allow users to trade a variety of cryptocurrencies, with faster transaction times. |
Token Stats
Not Relevant |
Company Description
Nash Exchange, formerly knows as NEX, is a decentralized exchange. Nash's decentralized exchange is powered by an off-chain matching engine that allows users to trade a variety of digital assets across several blockchains. The exchange's NEX token, gives holders the opportunity to stake tokens to earn a portion of the fees generated. | Uniswap is a decentralized exchange that facilitates automated transactions between Ethereum-based tokens. It is designed to be an open-source platform with an automated market maker (AMM) model. Instead of using an order book, token trades are facilitated directly between users through a liquidity pool and prices orders with an algorithm that relies on the equation x*y=k to create a price spectrum for token pairs available in the liquidity pools provided by other users. Uniswap tokens are used as a governance token and as an incentive for users to fund the liquidity pools. Since the platform is decentralized, all the trading fees collected are distributed among the liquidity providers; according to the share that they provide in the liquidity pools. | 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%. |