Review on Bancor by RODRIGO REIS
Good platform with good benefits for users!
The Bancor protocol
is created of a serie of smart contracts “liquidity pools” that are designed to pool liquidity and perform peer-to-contract trades in a single transaction
When creating or staking in a Bancor pool, users do so in equal values of ERC20 token + BNT, or EOS token + BNT.
Bancor allows users to instantly convert between two tokens without needing a counterparty to the trade.
The Bancor network is a open source and closed source software.
Bancor is a interesting platform with a great team !
Pros
- Secure and reliable platform
- The platform offers a good number of tokens
- Staking native token BNT on Bancor directly for several benefits. Staking rewards via newly minted BNT
- BNT will be used to vote on key attributes of the Bancor Protocol.
- Bancor and the BNT token bring liquidity to cryptocurrency markets
- Bancor team released their updated roadmap recently
- BNT token is available to trade in a large number of exchanges
Cons
- The platform has little information. It`s a bit confuse
- BNT Token has low value
