Review on Bancor by Gabriel Medina
Bancor has lost interest over time
Bancor is a novel protocol project that seeks to eliminate the need for buyers and sellers to get involved, because the conversion of cryptocurrencies will be instantaneous. BNT is the token that this network implements as its official currency. As an objective, it seeks to increase stability in the cryptocurrency market so that people are more learned in this since the lack of this causes a big problem for those who want to capitalize on it. We can find many tokens that we do not know, scams, but just like legitimate things that look for something else but unfortunately they are not given a chance. Bancor wants to fix all of this.
I do not recommend this platform for those who love to mine or trade and for those who are still learning how cryptocurrencies work. You must adapt to the needs and demands it presents.
Pros
- Variety of ERC20 tokens available.
- Good option for savings.
- It has identified serious problems such as lack of liquidity and provides solutions.
- We can create smart currencies that can be exchanged for other cryptocurrencies quickly.
- You will be able to calculate your rates.
Cons
- The idea of Bancor has lost much interest over time.
- Many people do not understand this platform and what is the purpose of it.
- It does not have an application for cell phones.
- There is no support fiat currency.
