About
Bancor has developed an approach to value transfer that occurs outside crypto exchanges and removes many of the risks associated with buying and selling digital currencies. The Bancor Protocol is a standard for the creation of Smart Tokens, cryptocurrencies with built-in convertibility directly through their smart contracts. Bancor utilizes a token "connector" method to enable continuous liquidity for all integrated tokens, without needing to match orders in an exchange. Smart Tokens form token liquidity networks, allowing user-generated cryptocurrencies to thrive. The Bancor Network processed over $1 billion in token conversions in its first year and has facilitated affordable and accessible liquidity for 100+ token projects, who joined the open-source network with no listing fees. Bancor is working towards a future where one form of value can be easily connected to any other through an open-source protocol without rent-seeking middlemen, similar to how information networks are connected through protocols such as TCP and HTTP.