BANCOR: Liquid Monetary System

Launch BANCOR

5.00 out of 5 based on 1 customer rating
(1 customer review )

Bancor is a Decentralized Liquidity Network that allows you to hold any Ethereum 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.

Category: feature imag:  

Launch BANCOR

5.00 out of 5 based on 1 customer rating
(1 customer review )

Bancor is a Decentralized Liquidity Network that allows you to hold any Ethereum 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.

Category: feature imag:  

Description

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.

 

1 review for BANCOR: Liquid Monetary System

Customers' review

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  1. Liquidity to ethereum tokensBancor provides self-sustaining liquidity networks without an external market or centralized exchanges. That's ideal to create an environment of interchangeable tokens with different utilities associated which enriches the entire ecosystem.

    miguelprados@comunitaria.com

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