Connecting All Currencies
to the Global Economy
What is the Bancor Protocol?
The Bancor Protocol introduces a new standard for the creation and conversion of blockchain-based currencies. Through this common language, integrated currencies can always be converted for one another without needing a counterparty to do so.
What is a protocol?
An internet protocol (such as Bancor’s) is designed to create a global standard for data transfer with the goal of mass internet adoption.
How Does The Bancor Protocol Enable a New Economy?
Currencies are primarily issued by nations. In order to be liquid and tradeable, any currency must have significant demand and trade volume on secondary currency markets. It must have a substantial volume of buyers and sellers. New currencies frequently fail to gain adoption because they’re disconnected and illiquid.
Today & Tomorrow
Any individual or community can issue a currency. These currencies are liquid regardless of trade volume. Every currency can be bought and sold into a smart contract, enabling it to be liquid regardless of market demand. New currencies can thrive because they are both liquid and connected to the global economy, through the Bancor Protocol that offers liquidity as a public good.
How do we get there?
Create a Currency
Bancor lowers the technical barrier to creating new currencies on the blockchain. Anyone with an internet connection can compose and customize their own token.
Bancor-powered tokens are intrinsically liquid. They can be instantly converted at market-determined rates without a counterparty or an intermediary.
Collaborate & Unlock Value
Commerce and collaboration occurs autonomously and securely via Bancor, creating new monetary links across local and global networks.
Live projects powered by Bancor Protocol
Bancor Liquidity Network
More than 150 liquidity providers serve as nodes in the world’s first and largest decentralized liquidity network — having processed nearly $2 billion in token conversions since 2017.
9 community currencies have been deployed in marginalized communities across Kenya, used to pay for basic needs such as food, water and housing. Since launching in August 2018, thousands of small businesses have been onboarded.
Bancor is integrated across a wide variety of ecosystems and consumer use-cases, including gaming, social networks and decentralized financial services.
Bancor Protocol White Paper
Originally published in 2017, Bancor Protocol’s whitepaper led the Bancor community to lead the largest crowd-funding event of all time to build upon this vision. The Bancor Protocol’s peer-to-contract vision has been widely adopted across leading blockchain projects, proving the utility of this innovation.