BNT is a system that provides liquidity for small market value tokens. It has one or more ERC20 tokens that can be traded as reserves. New tokens are issued through smart contracts in exchange for reserve tokens. The price of new tokens is self-governing pricing through smart contracts, so that they can be directly converted between tokens without exchanges and the need for a second party to participate in transactions or a third party to match. The network effect of the token created by Bancor protocol reduces the barriers to market entry for these new tokens and effectively solves the liquidity problem.
Full Name in English：Bancor
Full Name in Chinese：/
Investor/Institution：HyperChain Capital、Genblock Capital、KR1、SNZ Holding、Draper Associates
Distribution date: June 13, 2017
White Paper Link：https://drive.google.com/file/d/0B3HPNP-GDn7aLXFWOFpTZEgyaEk/view
Disclaimer: this introduction derives from the white paper and other official information released by the official project team so that investors can better understand the token and the corresponding project. The content of this paper is obtained through legal channels to ensure the reliability, accuracy and completeness of the information as far as possible, but the accuracy and completeness of the information mentioned in the report are not completely guaranteed. The content of this paper cannot be used as the basis for investment research decisions, moral, responsibility and legal basis or evidence, whether explicitly or implicitly.