Bancor? It is necessary to buy!

in #blockchain7 years ago

Hi, guys! As you already guessed I'll say about Bancor.

Short definition

Bancor is a bank that provides fast converting currencies between themselves like Changelly, but it has sone advantages: no spread (prices are calculated by the smart token so buys and sells use the same current price) and also in this bank for each currency there is a reserve that reduces the volatility of the price in the market (in this case, the market itself is Bancor).

My thoughts

This opens great perspectives for the future, and I believe Bancor is one of the most important projects in the cryptoindustry. Why? Imagine that you want to buy kitchenware in the store. To do this now you will need to go a long way to turn from any cryptocurrency into bitcoin, then through intermediaries to fiat, and only then into kitchenware. Not convenient, is it?

Bancor solves this problem. With the help of Bancor, you can exchange any token (for example, STEEM or STEEM DOLLAR) without turn to services of intermediaries for the goods, and herewith don't reduce cost of token as much as now due to token reserve system.

Price

At the moment the approximate price of BNT is $ 1.85. You can buy it on Bittrex exchange. I recommend longevity. However, I can not find their roadmap, so I can not say for what period exactly.

If you have information about their roadmap, write in the comments, and go to the stock exchange! :)

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Voted and icluded to the list.

I agree, BNT is one token that can reach high level in the next few years

Very good blog. I was about to start a similair discussion. I strongly advice people to only buy in to cryptos that have a solid background: A solid team, product, advisors, preferably VC investors, etc. Sell all cryptos that don't have this solid background. It's a waiste of money. Besides coinmarketcap.com there is: https://www.coincheckup.com Every single coin can be analysed here based on: the team, the product, advisors, community, the business and the business model and much more. Go to: https://www.coincheckup.com/coins/Bancor#analysis For the Bancor Detailed analysis.