BANCOR Network

BANCOR Network

A hierachical monetary system

The Bancor protocol is a standard that allows anyone to easily create completely liquid “smart tokens” that calculate their own prices & enable a single party to convert any token to another, without requiring a second party to exchange with. Thereby enabling the long-tail of completely liquid cryptocurrencies. Smart tokens hold other tokens in reserve, and can be used as decentralized token baskets (like ETFs), token changers (like shapeshift), project & protocol tokens (like GNT & REP), community currencies (like Ithacash & reward miles), and a lot of other use cases. The BANCOR network token will hold a single reserve in Ether. Other smart tokens, by using BANCOR as (one of) their reserve(s), connect to the BANCOR network. The BANCOR network token forms a monetary structure where increased demand for any of the network’s smart tokens drives up the value of the common BANCOR token, benefiting all other smart tokens holding it in reserve.

About BANCOR Network
Short Brief about Bancor ICO Startup with a mark of 6.5, and this conclusion was written on 22 June, 2018.
Take note that the information you see right now may change.

ICO Startup was alive at 22 June, 2018
Ico Start date was on 12 June, 2017, and the first post on bitcoin forum we see is on 31 May, 2011 with Subject [ANN] Bancor | Protocol for Smart-tokens, solving the liquidity problem.
Subject started by eyal who now has 60 and the status Member on BT website.

Startup END DATE was 12 June, 2017

ICO Startup has chosen Ethereum token staging and collected raise $153,000,000.
Team
FOUNDATION COUNSEL
FOUNDATION COUNCIL PRESIDENT
FOUNDATION COUNSEL
BUSINESS DEVELOPMENT
CORE DEVELOPER
CORE DEVELOPER
CORE DEVELOPER
QA ENGINEER
PRODUCT DESIGNER
VP ENGINEERING
advisors
BLOCKCHAIN ADVISOR
COMMUNITY CURRENCY ADVISOR
ADVISOR, FOUNDER AT DRAPER ASSOCIATES/DFJ/DRAPER UNIVERSITY
Financial
token info
Token Name BNT
Token Platform Ethereum
Ico Token Price 3.9200 USD
investment info
Fundraising Value $153,000,000
Accept Currencies ETH
Restricted Areas No restrictions
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