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  1. Bancor's activity and community overview

logoBancor (BNT)

A Smart-Contract Liquidity Protocol For Tokens.May 21st 2020
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  • Bancor is a decentralized exchange protocol that allows for the creation of liquidity pools to trade assets.
  • Bancor is composed of smart contracts (called “liquidity pools”) designed to perform algorithmic token trades and pooling of on-chain liquidity. Supporting both ERC-20 and EOS tokens, Bancor implements a liquidity pool curve on both Ethereum and EOS networks.
  • Prices are determined by the reserve balance of coins deposited into the protocol, divided by the token's total supply multiplied by a reserve ratio.
  • BNT is the Bancor protocol token. When users create or stake in a Bancor pool, users are required to do so in equal values of ERC-20 token + BNT (or EOS token + BNT). It offers cross-chain conversions and positive network effects; it is also expected to be used for staking in Q2 2020.
  • On January 1st 2020, ETHBNT tokens were airdropped to BNT token-holders. ETHBNT tokens represent a Bancor pool token representing shares in the ETH:BNT liquidity pool i.e., these tokens collect fees from ETH-based conversions on Bancor.

Bancor's activity and community overview

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