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.
After months of work, Bancor V2 finally launches promising to improve the user experience for both traders and liquidity providers.
Decentralized Exchange Bancor Officially Launches Upgraded V2 Platform
Bancor V2 is getting ready for release as it publishes both the code of its smart contracts and a bug bounty for researchers to report vulnerabilities.
Bancor Invites Bounty Hunters to Peek Into Its Code Ahead of V2 Launch
DeFi-based tokens are posting double digits gains and outperforming Bitcoin but can the rally continue?
3 Reasons Why DeFi Tokens Are Outperforming Bitcoin Price
The Bancor decentralized exchange has released a smart contract with a critical vulnerability, and is now hacking itself to save user funds from malicious actor...
Bancor Discovers Critical Vulnerability, Hacks Itself to Prevent Theft
Bancor claims liquidity providers would risk losing value in their stake due to an issue called impermanent loss.
Bancor’s Upcoming V2 Upgrade to Solve ‘DeFi’s Dirty Little Secret’
Seven major crypto exchanges and issuers are facing 11 new class-action lawsuits that were filed in a New York federal court on Friday.
7 Crypto Firms Targeted by 11 Lawsuits in New York
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