How does the Bancor exchange actually work? And does Bancor require a fee for any token to get listed?
Bancor is a decentralized liquidity network that converts tokens directly through their smart contracts without an exchange. There are no fees on Bancor. The protocol is open source and anyone can integrate with the Network. Anyone listing a token simply needs to fund both sides of a token relay to create a liquid token.
Learn more in the Bancor Knowledge Base: https://support.bancor.network/hc/en-us
That's a very interesting concept, but if there are no limits to listing a token, that means scammers can also list their token and generate interest by creating fake volume?
The team vets every token.
Bancor's algorithm will keep the token price at market value.
Is there any publicized standard for the vetting process of tokens? Is it a must for teams to be publicly known for example?
Thank you for your enquiry - unfortunately, the way in which the teams decide which tokens they list on the web app isn't known.
