Do you like the site? Could you upvote us on producthunt.com?  Yes No
Would you like a quick introduction to the features available on this page?  Yes No
Bancor

Bancor BNT

  • Exchange
  • Token issuance
  • Smart token
$1.84 Price
-4.97% % 24h
0.14% % 1h
Score
$75,022,082 Mkt. Cap
$2,725,820 Vol. 24h
You are currently following this coin

Bancor project purpose and description

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
Advertise Here