Bancor BNT

$2.12
Market Cap $ 108.374 MM (#80)
24h Volume $ 3.412 MM
Chg. 24h: 3.99%
Algo. score 3.5/5  (#165)
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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.

Bancor categories

TerminalExchangeSmart contracts

Short description

Bancor is a decentralized liquidity network that allows you to hold any token and convert it to any other token in the network, with no counter party, at an automatically calculated price, using a simple web wallet.

Abstract

The Bancor Protocol enables automatic price determination and an autonomous liquidity mechanism for tokens on smart contract blockchains. These Smart Tokens have one or more connectors to a network, that hold balances of other tokens, and enable any party to instantly purchase or liquidate the Smart Token for any of its connected 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://medium.com/@eyul/bancor-product-roadmap-ea4752d60082
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