Post
Topic
Board Tokens (Altcoins)
Re: [ANN] Bancor Protocol - A Hierarchical Monetary System & Decentralized Exchange
by
magpr
on 13/03/2017, 19:12:52 UTC
does this mean that Bancor is Token for exchange or token exchanger?  Huh

Bancor is a protocol for token exchange, which is based on a new model where the price discovery is not based on the agreement between two parties, rather, it is based on an equilibrium-seeking model in which every purchase of a token increases its price, and every sale of a token decreases it. The price equilibrium point is the price-point in which the amount of buys and sales of the token are balanced. You can read more in our draft whitepaper (link)

A very interesting and innovative solution, for the first time I encounter such an approach, I look forward to the implementation of Bancor protocol and the launch of the decentralized exchange running on it.