Review on Bancor Network by Digital Convict
Bancor Network Brief Review
It is a practical DEX, just by connecting a compatible wallet to the Bancor dapp, to swap
some of the 84 currencies that this Network has.
As usual on DEX, this one also has a governance token: BNT,
which has 86 pairs.
The tokens that are traded there are from Ethereum and EOS;
The most popular are Ethereum, DAI and USDT.
On the site you can provide single liquidity in a pool, where for your peace of mind you can also protect your token pools with "Special Insurance" for impermanent loss by simply adding insurance to each of your transaction.
There is a Bancor wallet, but it is being phased out, make sure to enter the new app, it's still in beta, use it with caution.
There is no withdrawal or deposit fee from the platform; The cost per transaction depends on network conditions, the rate is charged in GAS directly from the wallet, when sign transactions.
Pros
- It is compatible with 15 wallets, that makes it very versatile.
Cons
- Currently the liquidity is not so good; Due to the kind of Dapp, it does not provide total or real-time data to statistical tools.
