Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [TOKEN SALE] ✈️ TravelerToken: Spend Less. Travel More! ✈️
by
Travelertoken
on 07/05/2018, 15:03:50 UTC
I'm curious...why do you prefer Bancor over Bitcoin or Ethereum?

Thanks for the question! The Bancor protocol is not a blockchain platform like Bitcoin or Ethereum. It is a mechanism to enable so-called "smart-tokens"; the idea is to endow token contracts with a reserve pool of another token or compatible currency and thus enable continuous, asynchrous exchange through the token contract itself. This continuous liquidity and asynchronous price-discovery has a number of benefits outlined in the Bancor whitepaper. We will not implement the Bancor protocol directly, but rather a modified version of it adapted to the specific needs of the TLT system.