The Bancor Protocol (BNT)

The Bancor Protocol (BNT) widget

ICO date: 10.06.2017 - 10.06.2017
Industry: Blockchain Infrastructure
Description:

Bancor allows users to convert between any two tokens on Bancor network, with no counterparty, at an automatically calculated price.

Features:

Bancor Protocol will standardize Smart Token configurations with traditional fixed supplies.

The Bancor Protocol does not require conversion fees for operating profit, but rather benefits from increased adoption as the network of tokens expands and the number of users grows.

Bancor Protocol does not require this profit in order to operate, and decentralized spreads may be introduced in order to encourage adoption of the network, benefiting all participants.

The Bancor Network for decentralized liquidity can be used as an alternative to centralized token exchanges for any token that is connected to the network with numerous positive implications.

Bancor Smart Token is always ready to both buy and sell itself, potential album buyers would be able to get the tokens they need without delay, at a price mathematically calculated relative to the current buy and sell volumes.

Bancor Network Token (BNT) is used as the hub Network Token, connecting all tokens in the Bancor Network.

The Bancor Protocol advances the domain of asset exchange by introducing a technological solution to the double coincidence of wants and resulting liquidity problem faced by smallscale tokens.

Website: bancor.network
Whitepaper: Whitepaper

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See also