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.
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
Bancor’s approach to dealing with impermanent loss on decentralized exchanges might have significant implications for idle altcoin capital.
Bancor v2.1 report: Swap fees exceed impermanent loss insurance costs
The price of BNT, the native token of the Bancor protocol, spiked by 86% in two days.
Bancor soars 86% in two days as Coinbase lists BNT, DEX volume spikes
A handful of DeFi tokens are producing double-digit gains as Bitcoin price fights to turn $19,500 to a strong support level.
DeFi tokens rally while Bitcoin bulls attempt to flip $19.5K to support
Rival decentralized exchanges are upping their liquidity mining rewards to attract Uniswap’s former-liquidity providers, leading to SushiSwap’s TVL tripling in ...
Attack of the vampires: Uniswap loses 57% TVL as rivals up rewards
The recent DeFi downturn has impacted the treasuries of decentralized autonomous organizations by 40% in a month
DAO treasuries still down 40% after October’s DeFi downtrend
“Defendants say, in passing, that Israel is the more appropriate forum, but fail to provide any supporting detail,” stated the plantiff’s lawyers in the class-a...
Investors fight to keep Bancor securities case out of Israeli court