What is Bancor? | Bitcointalksearch.org

macshad

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Quote from: skurtsil on April 24, 2018, 10:05:40 AM

The Bancor protocol is a platform to help create smart coins and give these coins liquidity and asynchronous price discovery. It allows users to create smart coins which can be traded for other crypto coins right away. There is no need to look for a buyer or seller who has a matching need. Also, it lets new coins to be traded right when they are created. New coin creators don’t have to wait for them to be listed on an exchange and an interest in their coin to be generated. Bancor is paving the way for smart coin exchange.

Continue Reading:
https://www.tokens24.com/cryptopedia/coin-guides/what-is-bancor

This bancor protocol is quite complicated and i dont know how it works can you please give me more details

PeterCarlos

newbie

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Quote from: skurtsil on April 24, 2018, 10:05:40 AM

The Bancor protocol is a platform to help create smart coins and give these coins liquidity and asynchronous price discovery. It allows users to create smart coins which can be traded for other crypto coins right away. There is no need to look for a buyer or seller who has a matching need. Also, it lets new coins to be traded right when they are created. New coin creators don’t have to wait for them to be listed on an exchange and an interest in their coin to be generated. Bancor is paving the way for smart coin exchange.

Continue Reading:
https://www.tokens24.com/cryptopedia/coin-guides/what-is-bancor

UPDATE!!! In addition, More than a dozen new tokens are live and instantly convertible on the Bancor Network, bringing the total number of active tokens to 42!
Newly active tokens include: Swarm Fund (SWM)
Tron (TRX)
Status (SNT)
EOS (EOS)
DomRaider (DRT)
CanYa (CAN)
WandX (WAND)
AidCoin (AID)
Basic Attention Token (BAT)
Request Network (REQ)
BLOCKv (VEE)
Better Betting (BETR)
Sharpe Capital (SHP)

maiden

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Chainjoes.com

Quote from: skurtsil on April 24, 2018, 10:05:40 AM

The Bancor protocol is a platform to help create smart coins and give these coins liquidity and asynchronous price discovery. It allows users to create smart coins which can be traded for other crypto coins right away. There is no need to look for a buyer or seller who has a matching need. Also, it lets new coins to be traded right when they are created. New coin creators don’t have to wait for them to be listed on an exchange and an interest in their coin to be generated. Bancor is paving the way for smart coin exchange.

Continue Reading:
https://www.tokens24.com/cryptopedia/coin-guides/what-is-bancor

This is a great article! Thankyou for sharing about this. Only i know is bancor is a kind of exchanges with unique way of trading here in crypto. Well i guess? I gain new informations and knowledge about this topic by reading this article.

Bitze

legendary

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Quote from: tdeannova on June 19, 2018, 09:34:06 AM

for more info you can get in their announcement thread here.
https://bitcointalksearch.org/topic/ann-bancor-protocol-for-smart-tokens-solving-the-liquidity-problem-1789222

you can also discuss with fellow holder or bancor community there.

thanks for the link to the official thread. there you can find
all relevant information and the question should be answered

Btcallans

newbie

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Bancor was an open-source protocol for automated token conversions. The Bancor Wallet allows users to purchase tokens with any major credit or debit card and instantly convert them to any token in the Bancor Network, including heavily-traded coins like Ether and EOS.

siddartha1492

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In love with Bitcoin!! 💓💕

Bancor likes to call itself "Decentralized Liquidity Pool" and that's the main feature. Quickly convert your tokens to another tokens without having to worry about registrations, KYC or wait times. Products like Bancor provide ease of use and better user experience, especially for new crypto users.

tdeannova

full member

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for more info you can get in their announcement thread here.
https://bitcointalksearch.org/topic/ann-bancor-protocol-for-smart-tokens-solving-the-liquidity-problem-1789222

you can also discuss with fellow holder or bancor community there.

brendongl

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The fees are purely on the smart contract side of things aka gas fees.
When the ethereum network upgrades, these fees will be drastically reduced.

SabrinaBianka

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Quote from: kobe24 on June 19, 2018, 09:15:19 AM

Quote from: Lingqingyi on June 19, 2018, 09:01:38 AM

I don't know how bancor works because it's quite complicated.
Bancor's trading liquidity is also thin.

No it's simple to trade there because it will automaticall convert coins to another coin you don't have to wait for buyer but what i dont like on bancor is the fees.

Fee to convert coins is expensive than other crypto exchange. It depends the gas limit but the fee is like bitcoin sometimes it is almost 8$ fee for 1 convert coins into other coins. But I am not doubt, It is very easy to convert any coins listed there. I wish one day the fee on bancor will be decrease.

kobe24

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Quote from: Lingqingyi on June 19, 2018, 09:01:38 AM

I don't know how bancor works because it's quite complicated.
Bancor's trading liquidity is also thin.

No it's simple to trade there because it will automaticall convert coins to another coin you don't have to wait for buyer but what i dont like on bancor is the fees.

Ozkhan

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Quote from: skurtsil on April 24, 2018, 10:05:40 AM

The Bancor protocol is a platform to help create smart coins and give these coins liquidity and asynchronous price discovery. It allows users to create smart coins which can be traded for other crypto coins right away. There is no need to look for a buyer or seller who has a matching need. Also, it lets new coins to be traded right when they are created. New coin creators don’t have to wait for them to be listed on an exchange and an interest in their coin to be generated. Bancor is paving the way for smart coin exchange.

Continue Reading:
https://www.tokens24.com/cryptopedia/coin-guides/what-is-bancor

The Bancor Protocol is a standard for designing digital currencies, called smart tokens, with the embedded automatic convertibility directly through smart contracts, serving as decentralized, autonomous, and reliable market makers.

Lingqingyi

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Open and Transparent Science Powered By Blockchain

I don't know how bancor works because it's quite complicated.
Bancor's trading liquidity is also thin.

levvv

member

Activity: 532

Merit: 17

Bancor is one of the exchanges with a unique way to trading. You dont need to put your price in the order book.
Just follow the price there, and it will give you the appropriate amount of what you submit.

MrsBlockchain

newbie

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Quote from: viva95 on June 18, 2018, 08:48:32 AM

Indeed Bancor is very convenient thing for me and I think that it's one the best place for exchange because of it's pricing algorithm and continuous liquidity. I think that over time Bancor could very well be a central figure for exchanging locally-effective tokens

I agree, atomic swaps are the future! Cool

viva95

member

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Indeed Bancor is very convenient thing for me and I think that it's one the best place for exchange because of it's pricing algorithm and continuous liquidity. I think that over time Bancor could very well be a central figure for exchanging locally-effective tokens

brendongl

newbie

Activity: 98

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Quote from: lutcor on June 18, 2018, 08:28:44 AM

This is a very cool place where you can change your coins like BTC for something else, this place is very similar to a stock exchange, but it's hard to call a stock exchange, it seems to me that this is really a very cool place to just exchange.

I love these farming-accounts who literally just say words....lol
BTC is not available on Bancor.
But there is a Fiat gateway where you can buy with a credit card! Grin

lutcor

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This is a very cool place where you can change your coins like BTC for something else, this place is very similar to a stock exchange, but it's hard to call a stock exchange, it seems to me that this is really a very cool place to just exchange.

brendongl

newbie

Activity: 98

Merit: 0

That is a great article thanks for sharing.
Also for those that didn't know. Bancor got voted in as one of the 21 Block Producers of EOS.
There dapp for cross-chain liquidity will be amazing!

skurtsil

newbie

Activity: 82

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The Bancor protocol is a platform to help create smart coins and give these coins liquidity and asynchronous price discovery. It allows users to create smart coins which can be traded for other crypto coins right away. There is no need to look for a buyer or seller who has a matching need. Also, it lets new coins to be traded right when they are created. New coin creators don’t have to wait for them to be listed on an exchange and an interest in their coin to be generated. Bancor is paving the way for smart coin exchange.

Continue Reading:
https://www.tokens24.com/cryptopedia/coin-guides/what-is-bancor

Topic: What is Bancor? (Read 189 times)