Bancor is a network which allows users to exchange currencies for others without any mediators. In other words, Bancor is a protocol that converts tokens on the basis of smart contracts. The ICO of Bancor currency (BNT) project started in May 2017, and by the end of the ICO, the team at Bancor had gathered 396,720 ETH from 10,885 investors in less than three hours. The Bancor coin is aimed to exchange tokens — with the ERC-20 standard — directly with other coins without the help of cryptocurrency stock markets and exchanges in order to increase the liquidity of tokens and remove fees that should help reduce users’ spending during the exchange process. Bancor coin mining is unavailable, as BNT initially had a strict limit of coins which were distributed during the ICO.
The top 100 DeFi tokens showed signs of recovery after last week’s mayhem, and many of the these tokens registered double-digit gains.
Finance Redefined: Uniswap goes against the bearish trends, overtakes Ethereum
Veteran DeFi protocol Bancor came under heavy scrutiny for pausing the impermanent loss protection program at a time when liquidity providers need it the most.
Bancor pauses impermanent loss protection citing ‘hostile’ market conditions
Bancor’s new liquidity mining strategy promises to bring organic on-chain liquidity and make DeFi staking easier for DAOs.
Bancor 3 goes live with impermanent loss protection for liquidity providers
Bancor 3 will feature instant impermanent loss (IL) protection, an unlimited deposit staking pool and an Omnipool offering a share of fees generated from the en...
Bancor introduces new staking pools and instant impermanent loss protection
AMM-based decentralized exchanges are seeing unprecedented adoption, but are they the future of trading?
The rise of DEX robots: AMMs push for an industrial revolution in trading
Bancor introduced a complex but useful lending and token burn mechanic through its vBNT token.
Bancor releases no-liquidation lending with Vortex as AMMs continue diversification
A U.S. federal judge ruled to dismiss a case against crypto firm Bancor, citing lack of personal jurisdiction and the plaintiff’s failure to prove losses.
US judge dismisses crypto fraud case against BNT token issuer