Review on Bancor by Douglas Cachazo
Bancor BNT: Decentralized Token exchange project not suitable for beginners.
Project founded in Singapore with a protocol whose purpose is the decentralized exchange of token directly without counterpart, it operates on the Ethereum chain, any ethereum token can be converted to another within its network, not recommended for anyone and much less if you are beginners , I see it more focused and directed to people who are dedicated to trading cryptocurrencies in the case of ethereun.
Because it is a token it cannot be mined, you can acquire it in exchanges such as Binance or Bitrex
I insist that the experience of other people is very important to me and in that sense it is important to Revain.
In this case, several people complained of continuous hacks to this network and the collection of exaggerated commissions.
Investigate and indeed there is news that a decentralized Exchange Bancor was hacked for 12 Million dollars in Ether.
As a Web developer, I recommend making a more complete one that contains relevant information such as what the project consists of, Who are behind it, a practical guide for use, a question and answer section, in short, a lot of vital information is missing on the current web.
I cannot responsibly recommend this project, but if you dedicate yourself to trading and you like risks, here you have an option, good luck.
Pros
- Ideal for trading
Cons
- Very high commissions
- Risky investment
- Bad experience in opinions collected on the net
