What is Bancor?

Bancor is a decentralized transaction protocol based on an exchange pool.

Bancor What's the use?

Similar to Uniswap, on the Bancor platform, users can add liquidity to the exchange pool and trade in the exchange pool. But the difference is that Bancor has issued BNT as the connection token for each exchange pool, while ETH is used in Uniswap V1. Through the BNT connection, all tokens in the exchange pool can be directly traded.

Recently, community developers developed Katana Pools based on the Bancor protocol [1]. Through this platform, users can create an exchange pool that supports any number of tokens and reserves in any proportion. And can flexibly set the transaction fee of the exchange pool.

Bancor's governance also revolves around BNT tokens, and BNT holders can participate in protocol governance in Bancor DAO through staking.

Bancor is safe?

Bancor's contract was audited in 17 years [2], and has processed hundreds of millions of dollars in token transactions in the past three years.

Summary

Bancor was the first project to build an automatic market-making exchange pool, and its ideas influenced many subsequent projects. The overall function is not much different from the rising star Uniswap. Some tokens can only be traded in Bancor. There are also some Bancor exchange pools that are deeper than Uniswap. It is recommended that you can use it as a supplement to Uniswap.

You can find more information and data about Bancor in the DeBank project list, enter https://debank.com/projects/bancor or click the original link at the end of the article to see.

[1] Katana Pools: https://katanapools.com
[2] Audit: https://medium.com/@yudilevi/bancor-contracts-audited-and-deployed-54157fcc0a61