X

Feedback + Support

Need Assistance? Notice something missing or broken? Let us know!

Press esc to dismiss

project icon for bancor

Bancor

BNT
$0.2339
7.38%
Positive delta icon

Bancor is an exchange platform utilizing smart contracts on the Ethereum blockchain and reserves of cryptocurrency to ensure liquidity between connected assets at an algorithmically determined price.

Overview

Project Stage

Live status icon

Amount Raised

$148,000,000.00

Market Cap

$16MM

Sector

Exchange

Blockchain

Ethereum token icon

Ethereum

Funding Source

Token Sale

Project Profile

The Bancor project seeks to enable liquidity for the many Ethereum tokens designed for use in networks and dApps that will initially, at least, have little adoption and largely illiquid markets—if they are exchangeable at all. The Bancor protocol allows users to create their own tokens on the platform backed by a connected reserve of cryptocurrency, typically ETH, with an initially set ratio between the two currencies; this occurs in a similar way to how central banks set foreign exchange rates against a reserve of currency. When an order is placed on Bancor, the price is algorithmically determined based on the traded token’s current supply and demand and the reserve currency ratio. This represents a significant departure from how exchanges conventionally function, since the price impact of one’s order is factored into the price offered to the order maker. Bancor’s Tel Aviv based team have experience working with blockchain protocols and building companies, and Bancor has accrued an extensive list of those intending to utilize the Bancor protocol.

Project Details

The Bancor exchange, accessible in browser, has a smooth user experience, including a feature allowing users to create a SmartToken by interacting with a chatbot. Once the SmartToken is issued, its value relative to other currencies will float as foreign currencies do, but the connector weight (CW), a measurement of the ratio between each connector balance and the Smart Token’s total value intended to indicate the SmartToken’s price sensitivity, will determine how much of the reserve currency one SmartToken can be redeemed for and how many more SmartTokens can be issued by adding to the reserves. This establishes a target price (denominated in reserve currency per SmartToken) that the Bancor smart contract will honor in creation and redemption. If the reserve currency increases in value relative to a third currency (such as fiat), the SmartToken will as well. To a lesser extent, the effect occurs the other way around as well, though the effect will be small if the amount of reserve tokens held is small relative to the total supply of tokens issued against it. SmartTokens themselves can also be used as the reserves of other SmartTokens, vastly increasing leverage in tokens.

Asset Details

The Bancor Token is the first token launched on the protocol, backed by ETH from the crowdsale at a 20% (CW)—this connector weight indicates that the token’s price is less sensitive to change from short-term speculation than a token with a higher weight, and is comparable to an exchange having an order book equal in value to 20% of the token’s entire market cap. Anyone can use the Bancor Token to back additional SmartTokens. The Bancor Foundation will use some of sale proceeds to launch more SmartTokens and support users in launching their own SmartTokens as well. If the Bancor Token is used as a reserve currency for another SmartToken, it will be accepted as part of the reserve.

The value of the Bancor Token thus depends on both the value of ETH and the value of the SmartTokens that Bancor is used to back. When the market price of ETH increases faster than Bancor’s, it becomes cheaper to get ETH through the smart contract until the supply of Bancor goes down (or the price of ETH goes down), until the price in the smart contract matches the relative prices in the market. When the market price of Bancor increases faster than ETH’s, it becomes cheaper to get Bancor through the smart contract until the supply of Bancor goes up (or the price of ETH goes up) and the price in the smart contract matches the relative prices in the market. Conversely, when the market price of a SmartToken with Bancor as a reserve goes up faster than Bancor’s, it becomes cheaper to get SmartTokens through the smart contract until the supply of SmartTokens goes up (or the price of Bancor goes up). This also means that the value of the Bancor protocol token does not directly scale with the following: Usage of the smart contracts for trading liquidity; Arbitrage profits collected by traders; and Total users on the system (unless they use Bancor as a reserve token).

project icon for bancor

Bancor

BNT
$0.2339
7.38%
Positive delta icon

Bancor is an exchange platform utilizing smart contracts on the Ethereum blockchain and reserves of cryptocurrency to ensure liquidity between connected assets at an algorithmically determined price.

Overview

STATUS

MARKET CAP

BLOCKCHAIN

TOKEN TYPE

Live status icon
Live
$16MM
Ethereum token icon

Ethereum

ERC-20

FUNDING SOURCE

AMOUNT RAISED

SECTOR

Token Sale

$148MM

Exchange

Project Profile

The Bancor project seeks to enable liquidity for the many Ethereum tokens designed for use in networks and dApps that will initially, at least, have little adoption and largely illiquid markets—if they are exchangeable at all. The Bancor protocol allows users to create their own tokens on the platform backed by a connected reserve of cryptocurrency, typically ETH, with an initially set ratio between the two currencies; this occurs in a similar way to how central banks set foreign exchange rates against a reserve of currency. When an order is placed on Bancor, the price is algorithmically determined based on the traded token’s current supply and demand and the reserve currency ratio. This represents a significant departure from how exchanges conventionally function, since the price impact of one’s order is factored into the price offered to the order maker. Bancor’s Tel Aviv based team have experience working with blockchain protocols and building companies, and Bancor has accrued an extensive list of those intending to utilize the Bancor protocol.

Project Details

The Bancor exchange, accessible in browser, has a smooth user experience, including a feature allowing users to create a SmartToken by interacting with a chatbot. Once the SmartToken is issued, its value relative to other currencies will float as foreign currencies do, but the connector weight (CW), a measurement of the ratio between each connector balance and the Smart Token’s total value intended to indicate the SmartToken’s price sensitivity, will determine how much of the reserve currency one SmartToken can be redeemed for and how many more SmartTokens can be issued by adding to the reserves. This establishes a target price (denominated in reserve currency per SmartToken) that the Bancor smart contract will honor in creation and redemption. If the reserve currency increases in value relative to a third currency (such as fiat), the SmartToken will as well. To a lesser extent, the effect occurs the other way around as well, though the effect will be small if the amount of reserve tokens held is small relative to the total supply of tokens issued against it. SmartTokens themselves can also be used as the reserves of other SmartTokens, vastly increasing leverage in tokens.

Asset Details

The Bancor Token is the first token launched on the protocol, backed by ETH from the crowdsale at a 20% (CW)—this connector weight indicates that the token’s price is less sensitive to change from short-term speculation than a token with a higher weight, and is comparable to an exchange having an order book equal in value to 20% of the token’s entire market cap. Anyone can use the Bancor Token to back additional SmartTokens. The Bancor Foundation will use some of sale proceeds to launch more SmartTokens and support users in launching their own SmartTokens as well. If the Bancor Token is used as a reserve currency for another SmartToken, it will be accepted as part of the reserve.

The value of the Bancor Token thus depends on both the value of ETH and the value of the SmartTokens that Bancor is used to back. When the market price of ETH increases faster than Bancor’s, it becomes cheaper to get ETH through the smart contract until the supply of Bancor goes down (or the price of ETH goes down), until the price in the smart contract matches the relative prices in the market. When the market price of Bancor increases faster than ETH’s, it becomes cheaper to get Bancor through the smart contract until the supply of Bancor goes up (or the price of ETH goes up) and the price in the smart contract matches the relative prices in the market. Conversely, when the market price of a SmartToken with Bancor as a reserve goes up faster than Bancor’s, it becomes cheaper to get SmartTokens through the smart contract until the supply of SmartTokens goes up (or the price of Bancor goes up). This also means that the value of the Bancor protocol token does not directly scale with the following: Usage of the smart contracts for trading liquidity; Arbitrage profits collected by traders; and Total users on the system (unless they use Bancor as a reserve token).

Recent News

Bancor to block US citizens/IPs from using the primary Bancor exchange web app to convert tokens; third party gateways still available

June 18, 2019

Sources:

Bancor Help Center
Show projects Article List
Sort icon: direction descending
Project Added as Signal
9d
Nexus Mutual is a blockchain-based, protocol-enabled mutual insurance fund operating on Ethereum and owned entirely by its members, who buy into the fund by purchasing NXM tokens.
Project Added as Signal
37d
Gods Unchained is a decentralized trading card game that uses the ERC-721 non-fungible token standard to establish on-chain ownership of cards to be used in off-chain gameplay.
Project Added as Signal
47d
Synthetix is a decentralized synthetic asset issuance protocol consisting of an Ethereum-based smart contract, an exchange, and a dApp to facilitate smart contract interaction.
project icon for zrx
ZRX
Profile Updated
52d
Update on 0x v3, including protocol fees, staking incentives, and liquidity pooling with Uniswap, Kyber, and Oasis.
No icon fallback
LUNA
Project Added as Signal
61d
Terra is an algorithmically-governed, seigniorage share style stablecoin blockchain platform to which a collection of fiat-pegged tokens and a stabilizing cryptoasset, Luna, are native.
Profile Updated
78d
Stellar Development Foundation burns 55 billion XLM from its reserves, over half of the total supply, and removes the ongoing inflation to current token holders. The SDF had previously earmarked these tokens for community airdrops and ongoing organization funding.
Project Added as Signal
93d
Nervos is a public, PoW-based smart contract platform that utilizes off-chain computation in service of transaction scalability and implements a unique token emissions mechanic that imposes a perpetual cost for on-chain data storage.
Profile Updated
104d
Supply Information added.
project icon for beam
BEAM
Profile Updated
107d
Supply Information added.
project icon for grin
GRIN
Profile Updated
107d
Supply Information added.
Profile Updated
109d
Supply Information added.
Profile Updated
109d
Supply Information added.
project icon for siacoin
SC
Profile Updated
109d
Mining Information added.
project icon for dash
DASH
Profile Updated
111d
Mining and Supply Information added.
Profile Updated
111d
Mining and Supply Information added.
Profile Updated
114d
Mining and Supply information added.
Profile Updated
114d
Mining and Supply Information added.
project icon for kin
KIN
Project Removed as Signal
122d
Kin removed as Signal.
project icon for simple
OST
Project Added as Signal
122d
OST added as Signal.
Profile Updated
136d
Signal profile updated.
Project Added as Signal
150d
Edgeware added as Signal.
Profile Updated
152d
Ethereum Classic profile added.
project icon for steem
STEEM
Profile Updated
164d
Signal profile updated.
Profile Updated
164d
Signal profile updated.
project icon for neo
NEO
Profile Updated
164d
Signal profile updated.
No icon fallback
KLAY
Project Added as Signal
164d
Klaytn added as Signal.
No icon fallback
ALTG
Project Added as Signal
170d
Althea added as Signal.
Profile Updated
177d
Signal profile updated.
No icon fallback
UMA
Project Added as Signal
184d
UMA added as Signal.
No icon fallback
LIBRA
Project Added as Signal
184d
Libra added as Signal.
Project Added as Signal
190d
Chainlink added as Signal.
Profile Updated
196d
Signal profile updated.
Profile Updated
202d
Signal profile updated.
project icon for chia
CHIA
Profile Updated
208d
Signal profile updated.
project icon for bitfinex-leo
LEOTOKEN
Project Added as Signal
214d
Bitfinex LEO added as Signal.
project icon for coda
CODA
Profile Updated
220d
Signal profile updated.
Project Added as Signal
226d
Paxos added as Signal.
project icon for celo
CELO
Project Added as Signal
232d
Celo added as Signal.

You've reached the end of the list

project icon for bancor

Bancor

BNT
$0.2339
7.38%
Positive delta icon

Bancor is an exchange platform utilizing smart contracts on the Ethereum blockchain and reserves of cryptocurrency to ensure liquidity between connected assets at an algorithmically determined price.

Overview

STATUS

MARKET CAP

BLOCKCHAIN

TOKEN TYPE

Live status icon
Live
$16MM
Ethereum token icon

Ethereum

ERC-20

FUNDING SOURCE

AMOUNT RAISED

SECTOR

Token Sale

$148MM

Exchange

Project Profile

The Bancor project seeks to enable liquidity for the many Ethereum tokens designed for use in networks and dApps that will initially, at least, have little adoption and largely illiquid markets—if they are exchangeable at all. The Bancor protocol allows users to create their own tokens on the platform backed by a connected reserve of cryptocurrency, typically ETH, with an initially set ratio between the two currencies; this occurs in a similar way to how central banks set foreign exchange rates against a reserve of currency. When an order is placed on Bancor, the price is algorithmically determined based on the traded token’s current supply and demand and the reserve currency ratio. This represents a significant departure from how exchanges conventionally function, since the price impact of one’s order is factored into the price offered to the order maker. Bancor’s Tel Aviv based team have experience working with blockchain protocols and building companies, and Bancor has accrued an extensive list of those intending to utilize the Bancor protocol.

Project Details

The Bancor exchange, accessible in browser, has a smooth user experience, including a feature allowing users to create a SmartToken by interacting with a chatbot. Once the SmartToken is issued, its value relative to other currencies will float as foreign currencies do, but the connector weight (CW), a measurement of the ratio between each connector balance and the Smart Token’s total value intended to indicate the SmartToken’s price sensitivity, will determine how much of the reserve currency one SmartToken can be redeemed for and how many more SmartTokens can be issued by adding to the reserves. This establishes a target price (denominated in reserve currency per SmartToken) that the Bancor smart contract will honor in creation and redemption. If the reserve currency increases in value relative to a third currency (such as fiat), the SmartToken will as well. To a lesser extent, the effect occurs the other way around as well, though the effect will be small if the amount of reserve tokens held is small relative to the total supply of tokens issued against it. SmartTokens themselves can also be used as the reserves of other SmartTokens, vastly increasing leverage in tokens.

Asset Details

The Bancor Token is the first token launched on the protocol, backed by ETH from the crowdsale at a 20% (CW)—this connector weight indicates that the token’s price is less sensitive to change from short-term speculation than a token with a higher weight, and is comparable to an exchange having an order book equal in value to 20% of the token’s entire market cap. Anyone can use the Bancor Token to back additional SmartTokens. The Bancor Foundation will use some of sale proceeds to launch more SmartTokens and support users in launching their own SmartTokens as well. If the Bancor Token is used as a reserve currency for another SmartToken, it will be accepted as part of the reserve.

The value of the Bancor Token thus depends on both the value of ETH and the value of the SmartTokens that Bancor is used to back. When the market price of ETH increases faster than Bancor’s, it becomes cheaper to get ETH through the smart contract until the supply of Bancor goes down (or the price of ETH goes down), until the price in the smart contract matches the relative prices in the market. When the market price of Bancor increases faster than ETH’s, it becomes cheaper to get Bancor through the smart contract until the supply of Bancor goes up (or the price of ETH goes up) and the price in the smart contract matches the relative prices in the market. Conversely, when the market price of a SmartToken with Bancor as a reserve goes up faster than Bancor’s, it becomes cheaper to get SmartTokens through the smart contract until the supply of SmartTokens goes up (or the price of Bancor goes up). This also means that the value of the Bancor protocol token does not directly scale with the following: Usage of the smart contracts for trading liquidity; Arbitrage profits collected by traders; and Total users on the system (unless they use Bancor as a reserve token).

Recent News

Bancor to block US citizens/IPs from using the primary Bancor exchange web app to convert tokens; third party gateways still available

June 18, 2019

Sources:

Bancor Help Center