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.
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
Decentralized exchange platform Bancor plans to reduce the risk of future hacks across crypto by commissioning a cross-industry squad of “crypto defenders.”
Bancor Creates Crime-fighting ‘Crypto Defenders’ as Scorn Over $12 Mln Hack Escalates
On July 9, decentralized crypto platform Bancor was compromised
Bancor Urges Industry Players to Collaborate After $23.5 Million Hack
Decentralized cryptocurrency platform Bancor reports theft of tokens, while the platform remains down for “maintenance.”
Decentralized Crypto Exchange Bancor Reports ‘Security Breach,’ Remains Down for ‘Maintenance’
Bancor, the world’s largest decentralized crypto exchange, is launching a network of blockchain-based community currencies in Kenya, aimed at combating poverty.
Bancor Launches Community Token Network to Combat Poverty in Kenya
DEX or ERC20 and Lightning Network? What does a cryptocurrency exchange future look like?
Decentralized Exchanges, Off-Chain Atomic Swaps, And A Brief Look Into The Future
Five largest ICOs by the amount raised in 2017 show that returns on investment can reach up to 870 percent within 3-4 months.
Post-ICO Review: What Happens to the Tokens of the Largest ICOs?