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Review on Bancor Network by Юрий Белёвцев
Dispite of it`s disadvantage, the Bancor Network one of the easiest way on the…
Dispite of it`s disadvantage, the Bancor Network one of the easiest way on the market for newbie to invest funds in Ethereum and ERC-20 tokens. The support team in Telegram is fast and useful, so all problems solves quickly. I use Bancor Network every day and can recommend it for all over users.
Pros
- Bancor Network it`s decentralize ethereum-based token swap service, which use their own BNT token to swap Ethereum and ERC-20 tokens between theirselves. All tokens keeping on users Ethereum adress, so they can be access in any time without Bancor network login. In the same time network has very comfortable and usasble wallet, so user has no problem to buy Ethereum, swap, send and review any token.
Cons
- The Bancor Network was created to provide liquidity for tokens, which was listed in network. For this reason was invented unique price making algorithm, which using some feature called "liquidity depth" to calculate token price in swap window. This "liquidity depth" feature shows, how much liquidity token has, so the less liquidity token had, the much higher will be the price. This is the main and only Bancor Network disadvantage.
