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About Bancor
The Bancor protocol enables built-in price discovery and a liquidity mechanism for 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 any 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.
Continuous Liquidity
Smart tokens can be purchased or liquidated by anyone anytime, through their smart contract.
Backward Compatible
Bancor enables liquidity and asynchronous price discovery for any existing ERC20 standard token.
No Spread
Prices are calculated by the smart token so buys and sells use the same current price.
No Counterparty Risk
No need to deposit in an exchange in order to convert between smart tokens.
Lower Volatility
Reserves endow smart tokens with significant market depth, resulting in reduced price volatility.
Predictable Price Slippage
Price slippage is pre-calculated relative to transaction size and incorporated into current price.