What is Bancor?
Bancor (BNT) is a clever economy-based payment and settlement mechanism. Due to Bancor’s inherent design, its price has remained relatively stable since its launch in June 2017. At that time, its ICO had raised $ 153 million in Ether. Bancor acts as a token on the Ethereum blockchain. Boprotocol monitoring organization Bancor, with its platform to create the more efficient card. The concept behind Bancor allows cards are purchased or liquidated to provide redundant stock immediately at a price calculated according to a specific formula. This formula takes into account buy and sell volumes and is designed to eliminate much of the volatility associated with the cryptocurrency market. Hence, the buying and selling of tokens are calculated using the same price.
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What is the outstanding feature of Bancor?
Protocol B Fund was established in 2017 to promote the development and adoption of the Bancor Protocol, a standard for coin creation that can be purchased locally.
These clever coins benefit from network efficiency and algorithmic pricing so that long-tail coins are created by the user creating added value and democratizing.
The team behind Bancor is made up of serial consumer Internet technology companies with decades of experience in collaborations and venture capital sectors.
Some of Bancor’s former companies were communication networks, one of the first social networking sites in 1998 and an inspiration for Plaxo and later Facebook, MetaCafe, a user-generated video sharing site most widely available to YouTube with more than 50 million active users, Mytopia, the first multiplayer game development platform for PDAs and smartphones, Particle Code, a cross-platform development environment for Mobile and web apps and venture funds where Bancor has worked are Accel, Benchmark, Highland Capital, Trinity Ventures, SK Telecom Ventures.
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