Published on Feb 21, 2020
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.
Low cost conversions thanks to a non-profit automated market maker
Convert any token at any time regardless of buyers and sellers or trade volume
Buy and sell through smart contracts, no deposits, no exchanges
On-chain conversions directly from your web3 wallet
The Bancor Formula incorporates transaction size and needs no order book so prices are transparent
Any existing ERC20 token can integrate into the Bancor Network with no code changes or fees
The ever growing Bancor Network enables real time pricing, new token discovery, community engagement, unique bounty opportunities and more...
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.
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.
