Never heard of this company before till now. Are they like Binance? By that I mean do they have mainly great coins. Not many pump and dumps or random coins that show up.
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Never heard of this company before till now. Are they like Binance? By that I mean do they have mainly great coins. Not many pump and dumps or random coins that show up.
Not an exchange, more like a token swap service. Right now its for Ethereum tokens but we could see Bancor on NEO, WAVES and others. So if you have some ERC20 tokens and want to exchange them for something else and skip the exchanges, use Bancor.
I've seen Bancor before, read their whitepaper, and kind of imagined it a bit differently. Now you are saying it s more of a swap service. Would you compare it to Shapeshift then?
It's a liquidity provider and swap service. ShapeShift goes wallet to wallet. Bancor stays in the same wallet because it's all ERC20 tokens. But it could do the same for other token standards.
I know very very little about tokens. Why did you pick ERC20? Is that a popular one or did they give out a lot before the token was released?
ERC20 are all the Ethereum compatible tokens. You can hold them all in one wallet. Bancor just has to provide the liquidity.