UPbit

by UPbit

(0)
View Profile

UNUS SED LEO

by Bitfinex

(0)
View Profile

Bancor

by LocalCoin Ltd.

5/5

(1)
View Profile

UPbit

by UPbit

(0)
View Profile

UNUS SED LEO

by Bitfinex

(0)
View Profile

Bancor

by LocalCoin Ltd.

5/5

(1)
View Profile

What problem does this service solve?

UPbit is the largest Korean trading exchange and is backed by Song Chi-Hyung, who is one of South Korea’s richest men.UNUS SED LEO aims to increase the transparency of how revenues from Bitfinex, Tether, and its related entities are allocated.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

UPbit is a Korean exchange that was launched in October 2017 by Song Chi-Hyung, who is one of South Korea’s richest men. His company, Dunamu, is the holding company behind UPbit, was originally an online news aggregator, but quickly pivoted into Fintech, where it has done very well. UPbit is geared almost exclusively towards the Korean market, and offers a large number of BTC and Korean Wong pairs.
UPbit has very quickly become an important player in the Korean crypto market, and is one of the largest exchanges by trading volume in the country.
Trading Fee: 0.25%
Withdrawal Fee: 0.0005
Number of Tokens/Coins: 272

UNUS SED LEO is an initiative started by Bitfinex that is focused on increasing the exchange's transparency. UNUS SED LEO means "one, but it's a lion" in Latin. The iniatative was created to increase the transparency of the exchange's finances, following a controversy related to the allocation of reserves from the stablecoin Tether, that was created by the same parent company as the Bitfinex exchange, iFinex. It is built around a token burning redemption mechanism which is tied to the parent company's revenues. Their dashboard provides insights into the fees that are collected, and the LEO tokens that are burned.

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.

Ratings

(0)

(0)

5/5 (1)