Bancor

Bancor BNT

Centralized > Hierarchical org. structure
  • Exchange
  • Token issuance
  • Smart token
100 Rank
$6.90 Price
-3.38% % 24h
0.26% % 1h
$281,275,726 Mkt. Cap
$7,511,500 Vol. 24h
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Bancor project purpose and description

Bancor clarity of purpose

Bancor purpose and aspects

Token issuance, Bancor Protocol is a standard for a new generation of cryptocurrencies called Smart Tokens. Continuous Liquidity, no spread, Backward Compatible with other ERC20 tokens, no counterparty risk, lower volatility, predictable price slippage.

Short description

The Bprotocol Foundation was established in 2017 in order to promote the development and adoption of the Bancor protocol, a standard for the creation of intrinsically tradable tokens. These smart tokens benefit from network effect and algorithmic pricing, enabling the long tail of user-generated tokens to emerge and democratizing value creation.

Abstract

The Bancor protocol enables built-in price discovery and a liquidity mechanism for 1 tokens on smart contract blockchains. These “smart tokens” hold one or more other tokens in reserve, and enable any party to instantly purchase or liquidate the smart token in exchange for one of its reserve tokens, directly through the smart token’s contract, at a continuously calculated price, according to a formula which balances buy and sell volumes.

Link to Roadmap: https://trello.com/b/8SaOatUe/bancor-product-roadmap
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