Review on Bancor Network by Arma said
Bancor Network is the world's first decentralized liquidity network.
The company was launched in 2016 and has been operating from Zug, Switzerland. Based on one review, the total supply of BNT has been determined to be 73,605,657 BNT.This balance has been accounted for by smart contracts which are responsible for the liquidity of this smart token. In regards to the platform, Bancor can be accessed via mobile devices as well as desktops through its website. Its main advantage is the time it takes to perform a currency exchange. If an investor is willing to exchange a token, the platform will automatically provide a price without any need to go through exchanges, order books, buyers or sellers. This is done by using a formula that generates a price based on the market price and the liquidity available. Nevertheless, a disadvantage of the platform is that it doesn’t provide any support for fiat currencies and it requires investors to be previously familiar with the Ethereum universe in order to easily operate in this exchange.
Pros
- Bancor has suffered a cyber attack with total damage adding up to $23.5 million in various currencies.
Cons
- Cryptocurrency is available for deposit.
New products
Comments (1)
April 26, 2020
Bancor Network lists credit card acceptance,24/7 support and transparent pricing as three of their main advantages.
