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.
Smart tokens can be purchased or liquidated by anyone anytime, through their smart contract.
Bancor enables liquidity and asynchronous price discovery for any existing ERC20 standard token.
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.
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.
- 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
Released Features (Mainnet)
Demo Environment (Private chain)
Attention. There is a risk that unverified members are not actually members of the team
$200 779 341
$174 000 000
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