Bancor is a decentralized network that enables integrated tokens with real time pricing and new token discovery. It features continuous liquidity, backward compatibility with any existing ERC20 token, buying and selling through smart contracts, and low cost conversions.
Bancor raised approx. m (at the ETH coin price at the time of the raise) in its initial coin offering (ICO) in approximated 3 hours.
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Eyal Hertzog, Guy Benartzi, Galia Benartzi, Omri Ross
Continuous Liquidity for Cryptographic Tokens through their SmartContracts
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- CryptocurrencyA cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange using cryptography to secure the transactions and to control the creation of additional units of the currency. Cryptocurrencies are a subset of alternative currencies, or specifically of digital currencies.
- BitcoinBitcoin is a cryptocurrency and a digital payment system invented by an unknown programmer, or a group of programmers, under the name Satoshi Nakamoto. It was released as open-source software in 2009.
- CoinbaseCoinbase is a digital asset exchange company headquartered in San Francisco, California. It operates exchanges of Bitcoin, Bitcoin Cash, Ethereum, and Litecoin.
- EtherEther (ETH) is the cryptocurrency used on the Ethereum blockchain that can be used to operate smart contracts.