BANCOR Network BANCOR Network

BANCOR Network

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.
past
Jun 12, 2017 — Jun 12, 2017
Raised 115 675 617.60 USD
Goal 250 000 ETH
Prices
  • From Jun 12, 2017 Till Jun 12, 2017 —
    20 BNT 1BNT = $5.1580531397865
    =
    1 ETH 1ETH = $893.41059606139

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.

Features

- Enables a single party to convert any digital token to another, without requiring a second party to exchange with
- Continuous Liquidity​ through the use of reserve-tokens, which provide liquidity through autonomous algorithmic price discovery, regardless of trade volume
- Protocol enables the creation of ​Exchange Traded Funds (ETFs) with no central control or counterparty risk, owned directly by their holders
- No Bancor fees (only blockchain fees for the tokens held as reserves by Bancor-enabled tokens)
- No spread, predictable price slippage and lower volatility​ due to algorithmical price calculation

Technical Info

Technical details: 
Bancor-compatible tokens are ERC20-compliant tokens on the Ethereum blockchain which are allowed to be backed by one or more other tokens, effectively holding them in reserve at any ratio (above 0 and up to 100%). The token’s price is set automatically as a function of its buy and sell volumes.
Proof of developer: 
Public team

Roadmap

  • Released Features (Mainnet)

  • Liquid BNT Smart Token. Telegram Chatbot. Facebook Chatbot. User Account & Profile. Enable linking Facebook and Twitter account to user's profile. User-to-user messaging through bot. Follow user profiles. COmmunities. DIscussion board. Multi-token wallet. Profile/community search. HTML markup for community about page. Withdraw from app wallet to external wallet. WeChat chatbot. Deposit and withdraw from wallet to external wallet.
  • Demo Environment (Private chain)

  • Support Ether in wallet. Buy/sell tokens through bot. Advance smart tokens activation. Enable users to choose a popular currency in which all amounts would be denominated. Multiple profiles per account. Profile types. Deploy a new smart token / Create community.
  • Next releases

  • Buy/Sell from webapp. Web3 integration. Smart-token price history / Market depth chart. 12 words mnemonic account recovery. List and support 3rd barty ERC20 tokens.

Activity

Status:
Member
MEDIUM
Activity:
60
LOW
Merit:
11
LOW
Posts:
5 850
VERY HIGH
Views:
259 830
VERY HIGH
Posts:
448
HIGH
Followers:
10 228
VERY HIGH
Likes:
9 912
HIGH
Followers:
547
LOW
Tweets:
26
VERY LOW
Members:
4 994
MEDIUM
Alexa
Rank:
61 822
VERY HIGH
Delta:
-54 672
Year commits:
794
Watchers:
62
Stars:
356
Forks:
109
Open issues:
4

Team

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

Foundation Council
unverified
Foundation Council
unverified
Business Development
unverified
Core Developer
unverified
Product Designer
unverified
Ilana Pinchas
VP Engineering
unverified

3.81

stable
5.0 19
ICO Profile Vision Activity Potential Product Team

icorating
-
icobazaar 3.6
icobench 3.4

Collected:
0 USD
The amount in USD is calculated at the closing date of the ICO
Goal: Cap: 0 ETH ICO: 12 Jun 2017 12 Jun 2017

Please read the disclaimer and risk warning. Show disclaimer and risk warning.