The Bancor protocol is a platform to help create smart coins and give these coins liquidity and asynchronous price discovery. It allows users to create smart coins which can be traded for other crypto coins right away. There is no need to look for a buyer or seller who has a matching need. Also, it lets new coins to be traded right when they are created. New coin creators dont have to wait for them to be listed on an exchange and an interest in their coin to be generated. Bancor is paving the way for smart coin exchange.
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