Uniswap vs PancakeSwap vs Bitshares
What problem does this service solve?
Uniswap allows users to trade Ethereum tokens without a middleman. | PancakeSwap allows users to trade BEP-20 tokens and earn rewards by depositing funds to their liquidity pool. | Bitshares is an open source blockchain platform designed to increase access to banking services. |
Token Stats
Company Description
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. | PancakeSwap is a decentralized exchange built on the Binance blockchain. It allows users to stake their funds in return for the protocol’s tokens, and uses an automated market maker (AMM) model to enable users to trade BEP-20 tokens on the platform without an order book. PancakeSwap is similar to Uniswap and SushiSwap, and rewards users for depositing funds to the liquidity pool with PancakeSwap tokens that entitle holders to a portion of the trading fees generated on the platform. | 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. |