BNT

Bancor

Utility Token
Price Low: High:
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#Building chart...
Bancor Protocol is a standard for a new generation of cryptocurrencies called Smart Tokens
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Max Supply N/A
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External Review
i.e CIO at Kraken
Sentiment
Comments

5 of 6 user opinions

CS
Founder of CryptoIQ Source
So the Bancor can freeze accounts, create new tokens and block transfers. Why do they need a Blockchain again?
KS
Managing Partner at Multicoin Capital Source
Bancor is objectively worse than all other market makers. If asset already has liquidity, it's not necessary. If asset doesn't have liquidity, then why are they inventing a pity based liquidity provider? Bancor breaks capitalism IMO and is total nonsense.
CL
Creator of Litecoin Source
A Bancor wallet got hacked and that wallet has the ability to steal coins out of their own smart contracts. An exchange is not decentralized if it can lose customer funds OR if it can freeze customer funds. Bancor can do BOTH. It's a false sense of decentralization.
WM
Managing Partner and Chief Investment Officer at JM3 Capital Source
Bancor's scheme is odd, arguably flawed & certainly convoluted, posing a dependency risk on ETH. Their propaganda tone is just that.
EG
Associate Professor of Computer Science at Cornell Source
Bancor can be gamed by miners, and, even if the miners are naive or benevolent, will always trail the real market. It provides no efficiency guarantee during this discovery process, and will likely waste its reserves on market price discovery. You should think twice before you layer a coin on top of Bancor.
MG
Founder and CEO at Braveno Source
Bancor is all the risk of a centralized exchange, with none of the benefits like instant multilateral execution, and settlement guarantees. The worst of both worlds.

Most helpful opinions

CS

CS Charlie Shrem Founder of CryptoIQ
So the Bancor can freeze accounts, create new tokens and block transfers. Why do they need a Blockchain again?
MG

MG Mathias Groennebaek Founder and CEO at Braveno
Bancor is all the risk of a centralized exchange, with none of the benefits like instant multilateral execution, and settlement guarantees. The worst of both worlds.
EG

EG Emin Gun Sirer Associate Professor of Computer Science at Cornell
Bancor can be gamed by miners, and, even if the miners are naive or benevolent, will always trail the real market. It provides no efficiency guarantee during this discovery process, and will likely waste its reserves on market price discovery. You should think twice before you layer a coin on top of Bancor.
WM

WM William Mougayar Managing Partner and Chief Investment Officer at JM3 Capital
Bancor's scheme is odd, arguably flawed & certainly convoluted, posing a dependency risk on ETH. Their propaganda tone is just that.
CL

CL Charlie Lee Creator of Litecoin
A Bancor wallet got hacked and that wallet has the ability to steal coins out of their own smart contracts. An exchange is not decentralized if it can lose customer funds OR if it can freeze customer funds. Bancor can do BOTH. It's a false sense of decentralization.
KS

KS Kyle Samani Managing Partner at Multicoin Capital
Bancor is objectively worse than all other market makers. If asset already has liquidity, it's not necessary. If asset doesn't have liquidity, then why are they inventing a pity based liquidity provider? Bancor breaks capitalism IMO and is total nonsense.