More information about BANCOR
About
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.
No Spread
Low cost conversions thanks to a non-profit automated market maker.
Continuous Liquidity
Convert any token at any time regardless of buyers and sellers or trade volume.
No Counterparty Risk
Buy and sell through smart contracts, no deposits, no exchanges.
No Registration Required
On-chain conversions directly from your web3 wallet.
Predictable Price Slippage
The Bancor Formula incorporates transaction size and needs no order book so prices are transparent.
Backwards Compatible
Any existing ERC20 token can integrate into the Bancor Network with no code changes or fees.
The Bancor Network Token was activated on June 17, 2017 and serves as the hub network token for the Bancor Network. All tokens in the network can be converted to and from BNT, and thus eachother, at a rate calculated by the Bancor Formula.
Bancor Protocol
The Bancor Protocol is a new standard for cryptocurrencies called Smart Tokens™, which are autonomously and continuously convertible to other tokens in the network at algorithmically calculated rates. The protocol utilizes “connector” modules, which hold balances of other ERC20 tokens within a smart contract. The Bancor Formula constantly recalculates prices to maintain balance between Smart Tokens and their connectors.
The Bancor Protocol is a technical revolution allowing tokens to be converted without matching two parties with opposite wants. The magic is in the math, with a simple formula balancing buys and sells so that every token in the network maintains a formulaic relationship to others. The result is continuous liquidity regardless of trade volume or exchange listings.
The Bancor Network Token (BNT)
The Bancor Network Token was activated on June 17, 2017 and serves as the hub network token for the Bancor Network. All tokens in the network can be converted to and from BNT, and thus eachother, at a rate calculated by the Bancor Formula.
No Spread
Low cost conversions thanks to a non-profit automated market maker.
Continuous Liquidity
Convert any token at any time regardless of buyers and sellers or trade volume.
No Counterparty Risk
Buy and sell through smart contracts, no deposits, no exchanges.
No Registration Required
On-chain conversions directly from your web3 wallet.
Predictable Price Slippage
The Bancor Formula incorporates transaction size and needs no order book so prices are transparent.
Backwards Compatible
Any existing ERC20 token can integrate into the Bancor Network with no code changes or fees.
The Bancor Network Token was activated on June 17, 2017 and serves as the hub network token for the Bancor Network. All tokens in the network can be converted to and from BNT, and thus eachother, at a rate calculated by the Bancor Formula.
Bancor Protocol
The Bancor Protocol is a new standard for cryptocurrencies called Smart Tokens™, which are autonomously and continuously convertible to other tokens in the network at algorithmically calculated rates. The protocol utilizes “connector” modules, which hold balances of other ERC20 tokens within a smart contract. The Bancor Formula constantly recalculates prices to maintain balance between Smart Tokens and their connectors.
The Bancor Protocol is a technical revolution allowing tokens to be converted without matching two parties with opposite wants. The magic is in the math, with a simple formula balancing buys and sells so that every token in the network maintains a formulaic relationship to others. The result is continuous liquidity regardless of trade volume or exchange listings.
The Bancor Network Token (BNT)
The Bancor Network Token was activated on June 17, 2017 and serves as the hub network token for the Bancor Network. All tokens in the network can be converted to and from BNT, and thus eachother, at a rate calculated by the Bancor Formula.
https://www.bancor.network
© Copyright CentralCharts.com
