Poloniex vs botXcoin vs Bancor
What problem does this service solve?
Poloniex is a fully regulated, USA based, crypto to crypto exchange. It was acquired by Circle in February, 2018. | botXcoin allows users to buy and sell a variety of digital assets. | Bancor is a decentralized exchange protocol that is based on a smart token that enables other tokens to be more easily exchanged. |
Token Stats
Not Relevant |
Company Description
Poloniex is an established crypto to crypto exchange that is based in the United States. It offers a large selection of tokens to trade and has high liquidity. Poloniex was hacked in 2014, and lost more than 12% of their bitcoin supply. They have improved their security protocols since then. In February, 2018 Poloniex was acquired by Circle, one of the largest crypto payment providers. Trading Fee: 0%-0.1% Maker and 0%-0.2% Taker | botXcoin is a Singapore based company that is developing a cryptocurrency trading bot as well as a cryptocurrency exchange. Their network is powered by the Ethereum based BOTX token. | Bancor is a decentralized exchange protocol that is designed to increase liquidity for Ethereum and EOS tokens. The company has been at the center of the debate about Decentralized vs Centralized Exchanges, as well as the overall need of institutions to serve as a hub for decentralized networks. Their protocol, and exchange, enable any token to hold one or other additional tokens in reserve. Bancor allows conversions between tokens on their decentralized exchange with smart tokens that increase liquidity, and establish market prices for smaller tokens. Specifically, for those that do not have large trading volumes. Bancor tokens facilitate the exchange and act as a connective tissue, and have a centralizing effect on the exchange. |