JaxCoin vs 1inch

1. JAX coin vs. 1 inch token: which issuance is based on supply and demand? Cryptocurrency tokens have been designed to solve a number of fnancial and transactional problems. They may be used for investments, payment, as media to swap other cryptocurrencies, and as protection against infation. Moreover, as the cryptocurrencies evolve, their platforms evolve too. Platforms are becoming more specialized and even working together to ofset each other’s weaknesses. Thus, when deciding which cryptocurrency to purchase or invest in, it is important to be aware of the pros and cons of the cryptocurrencies that you are considering putting into your wallet. 1inch token • 1inch tokens are ERC-20 tokens that are built on the Ethereum blockchain. 1inch tokens are strictly designed to enable token swaps on the 1inch platform. The platform allows users to review the multiple decentralized exchanges (DEXs) for the lowest transaction fees, and the most liquid cryptocurrency. The 1inch token can be used to pay transaction fees on the platform. The fees can be further discounted if the users use CHI gas tokens to pay their transaction fees. 1inch tokens can also be used for voting on the instant governance protocol. 1inch platform uses other DEXs to support its swaps and does not have to maintain its own liquidity pool or charge transaction fees. It takes a percentage of the fees charged by the DEXs on its platforms as a payment. • • • • • • • JAX coin • JAX coins can be used mainly for payments, collateral for DeFi applications, and for cryptocurrency swaps. • It can be easily exchanged for fat currency and be used to buy diferent cryptocurrencies on other exchanges. • This digital currency is very scalable because it is not capped. • It can be swapped for other currencies, and its minimal governance system gives it room to grow. • Jax.Network is a decentralized platform that charges users for all transactions done on the platform. • Users can receive discounts if they pay their transaction fees with JAX and are using the coin in the transaction itself. • The Jax.Network platform, in the future, will allow the users who are heavily staked to participate in decision-making. JAX coin vs 1inch token comparison chart 1inch token JAX coin Launch 2020 2021 Circulating Supply 167,501,500 0 Maximum Supply 1,500,000,000 No cap Peg No Pegged to the cost of the Bitcoin hashrate Cash Reserves No No Platform 1inch Jax.Network Governance All token holders TBD, still in development Token ERC-20 Native token Decentralized Yes Yes Scalable No Yes Conclusion • JAX is more fexible, liquid, and can be used for a wide variety of transactions, whereas 1inch can only be used to pay transaction fees and for token swaps. • JAX coins are backed by a rewarding algorithm, where its coin issuance depends on supply and demand. • JAX’s value fuctuates within a small upper and lower bond, making it stable in purchasing power in the long run. Are you ready to join Jax.Network? Join Now jax.network