Header banner
Revain logoHome Page

Reviews

Global ratings 44
  • 5
    8
  • 4
    22
  • 3
    14
  • 2
    0
  • 1
    0

Type of review

This isn't a test net, Bancor is live now and it is evident that the team is dedicated to refining and expanding the platform. If what we've seen so far with the 50+ token relays providing continuous liquidity is a sign of things to come then I am excited. Bring on cross chain conversions, fiat integration, social features, self service token creation and unlocking the long tail of currencies.

Pros
  • -Continuous liquidity regardless of volume. I can buy/sell when I want to and don't need someone else on the other side of the trade. -Every listed token is paired with each other and ETH. -Token additions rapidly increasing. -Trade directly from wallet without signing in. I like remaining in control of my private keys. -Detailed monthly blog updates detailing platform upgrades, partnerships and new listings. Minor updates regularly provided on social channels (telegram, reddit & twitter) -New roadmap indicates fiat purchasing and cross chain conversions coming this year. It is confirmed Bancor are working with EOS and AION to work on cross chain conversions. -As indicated on the roadmap, self service token creation on the platform will be available next year. This will enable anyone to create a continuously liquid cross chain token.
Cons
  • -ICO flippers don't educate themselves about liquidity depth or price slippage...oops, that's actually a pro for those that can DYOR. Make the most of this while it lasts :)

Besides resolving the issue of token liquidity, Bancor will enable the creation of the "longtail" of user-generated tokens. In due course, anyone will be able to easily launch their own cryptocurrency using Bancor's platform and it will be as simple as creating a Facebook profile. Could easily be a Top 10 cryptocurrency and at the center of the entire crypto-ecosystem providing a backbone of liquidity to limitless forms of value. The sky is the limit!

Pros
  • Live user-friendly product with no fees or registration required. Makes buying/selling and converting tokens extremely simple. Highly professional and reputable team capable of hitting the goals outlined in the project roadmap. Team has proven track record of previous successes with tech start-ups, is completely transparent, provides regular updates to community and is open to feedback. Team is fast moving, up-to-date and far ahead of any potential competitors in the space. Team has successfully implemented the groundbreaking concept outlined in the Bancor Whitepaper that resolves the issue of token liquidity and places Bancor on the cutting edge of Blockchain technology. Strong marketing efforts. Project seems to be everywhere. Bancor has a consistent presence on around a dozen social/online channels and has received positive press in major outlets such as Forbes, The Huffington Post, Fortune and others. Bancor will eventually operate cross-chain and provide bridges from fiat to crypto.
Cons
  • Bancor's Liquidity Network could potentially become the new standard for buying and selling tokens and eliminate the need for "traditional" crypto exchanges altogether.

It might be me; I might not understand the project very well, but this seems to me that Bancor just freezed after the ICO.

Pros
  • Could be a good link between crypto and the banking system but we all know this leads to centralization, which is not what we need.
Cons
  • We already have 2 big projects which cover this part well enough. The team is nowhere near to be found on the website.

https://www.bancor.network/discover 3.33 per Bancor today. Recent multinational market increases for the project bodes well. No deposits, no exchanges, just smart contracts. Takes the guessing and 1 foot less fiber to the HUB trickery out of the equation.

Pros
  • ETH shaped swap network. Built in convertibility for smart contracts to exchange tokens.
Cons
  • Until all coins can be swapped with all other coins, I give the sideeye to anything with ties to existing centralized banking structures. 200 ETH minimum purchase to add a coin to their network will back DIY'ers, but the VC firms blow past 200,000 in less than a second. Centralization first is not my favorite.