The Bancor Protocol gives us the opportunity to have automatic pricing. It also provides a self-governed converting mechanism which is used for tokens on any smart blockchain. The tokens have different numbers of connectors to a network which holds the balances of other tokens. This allows users to purchase or convert an intelligent token directly by using the exclusive contract. This can be done instantly and at prices that are regularly and continuously recalculated to balance the volumes of all trades.Nowadays anyone can create and publish content. Low-entry barriers allow for user-generated content and the peer participation to rise and define the Internet era. We are constant witnesses of the increasing development and continuous producing of more and more digital assets. Humans are used to providing and mainly circulating ‘tokens’ of value for centuries. In 2009, Bitcoin was the currency that introduced a fresh new idea to the world – a brand new wave of digital assets (cryptocurrencies aka tokens). These smart tokens have multiple uses, and people keep coming up with more with each passing day. The Bancor Network Token (BNT) sets up the network dynamics and ultimately benefits all other smart tokens that are holding it in reserve.

Comments