GBX vs Simex vs Kyber Network
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What problem does this service solve?
| GBX aims to leverage the reputation and regulatory credentials of the Gibraltar Stock Exchange to create a trading platform for digital assets that traditional investors will be comfortable with. | Simex is a crypto exchange that is focused on the Russian speaking market. | The Kyber Network provides instant liquidity for digital tokens across several platforms. They do this by keeping a reserve of tokens, and initially, they will be the sole reserve manager to ensure they have the tokens available. Their goal is to enable anyone to become a reserve manager and earn income by providing liquidity on the network. |
Token Stats
| Not Relevant |
Company Description
GBX is developing a token sale platform and digital asset exchange that is designed to make traditional investors more comfortable with investing in cryptocurrencies. The Gibraltar Blockchain Exchange (GBX) is a subsidiary of the Gibraltar Stock Exchange (GSX). They hope to use their position as a regulated European exchange in Gibraltar to position themselves as a reputable option for investing in digital assets. GBX issued an Ethereum-based token called Rock (RKT). | Simex is an exchange that is focused on the Russian crypto market but is registered in the United States. Simex offers a limited token selection that users can purchase with USD or Rubles. They offer convenient debit card withdrawal options. Trading Fee: 0.2% Simex issued the SMX token, which gives holders discounts on trading. | Kyber is a decentralized network and exchange that is focused on providing liquidity. Kyber enables token transactions between platforms and aims to make these exchanges of value easier, by connecting different ecosystems and applications. Kyber users can exchange tokens with greater liquidity because the network maintains a reserve of all tokens. Transactions are very fast and are processed via smart contracts that have a derivative functionality where users can hedge currencies to lower risk. Kyber can also be used make payments to anyone, in any token, across any platform. The network is powered by the Kyber token (KNC) that was released in an ICO that raised almost $49 million. |
