Tron Logo
Trade on HitBTC
Like this video

Bancor

A hierachical monetary system

The Bancor protocol is a standard that allows anyone to easily create completely liquid “smart tokens” that calculate their own prices & enable a single party to convert any token to another, without requiring a second party to exchange with. Thereby enabling the long-tail of completely liquid cryptocurrencies. Smart tokens hold other tokens in reserve, and can be used as decentralized token baskets (like ETFs), token changers (like shapeshift), project & protocol tokens (like GNT & REP), community currencies (like Ithacash & reward miles), and a lot of other use cases. The BANCOR network token will hold a single reserve in Ether. Other smart tokens, by using BANCOR as (one of) their reserve(s), connect to the BANCOR network. The BANCOR network token forms a monetary structure where increased demand for any of the network’s smart tokens drives up the value of the common BANCOR token, benefiting all other smart tokens holding it in reserve.

2.8
2 1 expert rating
Benchy 2.7
KYC
Experts
5.0
5.0
5.0
Review: download now PRO
~$153,000,000
value of tokens sold in ICO
Ended
Token
BNT
Type
Price in ICO
3.9200 USD
Country
ICO start
12th Jun 2017
ICO end
12th Jun 2017
Visit ICO website
Report

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.

Add to bookmarks
ICO KYC Report
Not conducted yet
KYC procedure verifies selected/specific team members only. It does not guarantee ICO success nor is a call for investment.
Missing or incorrect data? Let us know.

ICOs that might interest you

Tycoon

Tycoon serves as a secured interface between professional traders and end users.

Starts in 36 hours
4.6

youengine

The world is changing fast, don’t get left behind. Join the YOUniverse where 200 mill...

108 days 12 hours left
4.9

PointPay

First Worldwide Working Crypto Bank Ready and Live, Live Working Fiat Exchange, Live Wo...

14 days 12 hours left
4.3

BitWings

BitWings ICO is the Home for the First Ultra-Secure Mining Smartphone, The Minephone Wi...

124 days 12 hours left

Cookies help us deliver our services. By using our services, you agree to our use of cookies.

Learn more Got it