Assess Crypto aims to provide stiff competition for AMM altcoins like Uniswap and Pancakeswap

The rise of DeFi means a rise in decentralized exchanges – Uniswap is the leading AMM on the Ethereum network, while PancakeSwap is the most popular DEX on the Binance Smart Chain.

It is difficult to quantify the top two DEXs. While PancakeSwap’s adoption rate is increasing, Uniswap is older and has a sizable user base.

Uniswap is among the few projects that have lifted DeFi out of the shadows by introducing AMM functionalities that no other project had equaled.

However, Rate That Crypto believes it is on track to create fierce competition for these two projects due to increasing adoption of both the Web3 and RTC tokens.

Rate This Crypto (RTC)

Rate this crypto RTC/USD is an exciting free-to-play learning and earning game where players use points to predict the price direction of their favorite crypto projects.

Players whose predictions are correct get more points, while players whose predictions are wrong lose their wagered points. In addition, new players receive points that they can use to compete against other players worldwide.

Players compete to climb the leaderboard to be among the top 100 players to win the platform’s native tokens, RTC and NFTs without risking any capital.

In Rate That Crypto, users can trade in-game assets, which in this case are mostly RTC and NFTs. In addition, the earnings are distributed directly into the wallets of the players.

Aside from predicting price directions to earn points, users can also earn bonus points via referrals and ads that facilitate prize pool growth.

Rate That Crypto also offers many educational materials and resources for crypto enthusiasts to discover new projects, sharpen their skills and prepare for the live markets.

Rate That Crypto (RTC) has just started its pre-sale phase, allowing early investors to buy the token at a discounted price before it hits the market.

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PancakeSwap (cake)

PancakeSwap is a DEX built on top of the Binance Smart Chain (BSC) which uses an Automated Market Maker (AMM) model to execute orders. As a result, PancakeSwap replaces an order book with a liquidity pool.

PancakeSwap claims to be the most popular decentralized platform, with over 2.8 million users and a total value of $9.9 billion (TVL). The latest release is PancakeSwap V2 with 1,426 pairs of tokens tradable on the DEX.

Liquidity providers interact with PancakeSwap’s syrup pools and receive LP tokens representing their share of the pool. These tokens are crucial to removing their stake from the pool.

Also, users can farm two additional tokens – SYRUP and CAKE. Since the platform runs on the Binance Smart Chain (BSC), the tokens adhere to the platform’s BEP-20 token standards.

True to its lively and almost gaming nature, PancakeSwap also offers on-chain games. For example, users can participate in BNB price prediction (currently in beta) or enter the lottery to win prizes in BNB.

Uniswap ($UNI)

Uniswap is an Ethereum-based DEX that uses an AMM model and uses liquidity pools instead of order books and has LP tokens for liquidity providers.

Uniswap is PancakeSwap’s parent chain, which uses the original Ethereum blockchain to run its network, as opposed to Binance Smart Chain BSC/USD.

As one of the first successful DeFi protocols, most DEXs have borrowed some features from Uniswap in one way or another to power their platforms.

Note that the AMM model eliminates the need for a partner on the other side of a buy or sell order in order for a trade to be completed. As a result, DEXs using this model require less trading time.

By eliminating the need to go through know-your-customer (KYC) procedures, these exchanges give more people access to decentralized token swapping. The latest version of the protocol is known as Uniswap V3 and was launched on the mainnet in May 2021.

For more information on Rate That Crypto, see the links below:

Presale website: www.ratethatcrypto.com

Link tree: https://linktr.ee/ratethatcrypto

This post was written by an external contributor and does not represent the opinion of Benzinga and has not been edited for content. This content contains sponsored advertising content and is for informational purposes only and not investment advice.

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