Overview
The Bancor protocol is a standard that allows anyone to easily create completely liquid “smart tokens” that calculate their own prices & enable a single party to convert any token to another, without requiring a second party to exchange with. Thereby enabling the long-tail of completely liquid cryptocurrencies. Smart tokens hold other tokens in reserve, and can be used as decentralized token baskets (like ETFs), token changers (like shapeshift), project & protocol tokens (like GNT & REP), community currencies (like Ithacash & reward miles), and a lot of other use cases. The BANCOR network token will hold a single reserve in Ether. Other smart tokens, by using BANCOR as (one of) their reserve(s), connect to the BANCOR network. The BANCOR network token forms a monetary structure where increased demand for any of the network’s smart tokens drives up the value of the common BANCOR token, benefiting all other smart tokens holding it in reserve.
Team
Guy Benartzi - Foundation Counsel
Eyal Hertzog - Foundation Counsel
Yehuda Levi - CTO
Galia Benartzi - Business Development
Ilana Pinchas - VP Engineering
Or Bachar - Core Developer
Asaf Rachman - Core Developer
Omry Rozenfeld - Core Developer
Mati Levi - QA Engineer
Itay Dreyfus - Product Designer
Links
- Website
- Blog
- Whitepaper
- LinkedIn (not available)
- Slack Chat
- Telegram Chat
- Github
DISCLAIMER
This offer is based on information provided solely by the offeror and other publicly available information. The token sale or exchange event is entirely unrelated to Block.News and Block.News has no involvement in it (including any technical support or promotion). Token sales listed from persons that Block.News has no relationship with are shown only to help customers keep track of the activity taking place within the overall token sector. This information is not intended to amount to advice on which you should rely. You must obtain professional or specialist advice or carry out your own due diligence before taking, or refraining from, any action on the basis of the content on our site. Any terms and conditions entered into by contributors in respect of the acquisition of Tokens are between them and the issuer of the Token and Block.News is not the seller of such Tokens. Block.News has no legal responsibility for any representations made by third parties in respect of any Token sale and any claim for breach of contract must also be made directly against the Token issuing entity listed herein.
