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.
Cointelegraph interviewed Bancor’s Eyal Hertzog and Nate Hindman to learn more about the planned BNT airdrop, DAO transition and the future of crypto.
Bancor’s Airdrop as First Step to Take Blockchain Out of 1997: Interview
The decentralized liquidity network Bancor announced its upcoming airdrop, which aims to increase the liquidity of decentralized exchanges.
Bancor Claims Liquidity Token Airdrop Will Increase DeFi Users by 500%
Will Binance’s entry into the U.S. market pave the way for other prominent exchanges as well?
Launch of Binance US Can Have Far-Reaching Effects on Crypto Market
Half of the top-30 crypto exchanges try to avoid dealing with U.S., despite it being one of the biggest markets.
US a Crypto Exchange Scarecrow — What Needs to Change?
Developers will block U.S. IP addresses from being able to trade tokens from July 8, while other functionality will remain.
Bancor Seeks to Exclude US Users From Trading Over Regulatory Uncertainty
The central bank is China comes out against crypto air drops, while a flood of fake Elon Musks take Twitter promising crypto giveaways.
Hodler’s Digest, Nov. 5-11: Star Trek’s Captain Kirk Defends ETH Decentralization, Fake Elon Musks Overrun Twitter
BancorX DApp lets users convert between different blockchain tokens without an exchange or order matching.
Bancor Begins Cross-Blockchain Token Trading Between Ethereum and EOS