Product viability
PRODUCT VIABILITY
123swap platform is well positioned with respect to the key players in the market:
Uniswap
Uniswap is a protocol on Ethereum for swapping ERC20 tokens. Uniswap is an Ethereum-based decentralized exchange (DEX) that allows anyone to swap ERC20 tokens. Uniswap empowers developers, liquidity providers and traders to participate in a financial marketplace that is open and accessible to all.
Uniswap is trying to solve decentralized exchanges' liquidity problem, by allowing the exchange to swap tokens without relying on buyers and sellers creating that liquidity.
PancakeSwap
PancakeSwap is a decentralized exchange for swapping BEP-20 tokens. It is a decentralized exchange built on Binance Smart Chain, a fast and inexpensive alternative to Ethereum. It enables users to swap between cryptocurrency assets by tapping into user-generated liquidity pools.
Unlike centralized exchanges like Binance or Coinbase, PancakeSwap doesn’t hold any funds when someone trades. PancakeSwap is for those who already have BEP-20 tokens and are eager to keep their activities on Binance Smart Chain.
Multichain.xyz
Multichain.xyz, AnySwap Crosschain-Bridge is the Cross-chain Decentralized Swap Market Place. It operates on the Fusion blockchain and allows users to trade tokens by swapping seamlessly between pairs. It enables bi-directional token transfers for Ethereum, Binance Smart Chain, Fantom, Fusion, Heco, Polygon and xDAI chains.
1inch
1inch exchange is a Decentralized Exchange (DEX) aggregator to help users discover the best trade prices for tokens. Instead of swapping tokens from a single liquidity pool of a DEX, 1inch will aggregate across different pools and suggest the most efficient way to trade tokens. The 1inch Network unites decentralized protocols whose synergy enables the most lucrative, fastest and protected operations in the DeFi space.
Last modified 1yr ago