Bancor (BNT) is an ERC-20 token that is represented on multiple exchanges. It was issued by the Bancor token exchange service.
With the help of Bancor service, you can perform cross-chain conversion between multiple tokens. Bancor strives to ensure sufficient liquidity for this kind of exchanges. The conversion process does not require two parties to complete process. Instead, a single party performs an action in regards to smart contract. The project website states that developers can add their token without paying listing fees. You are able to control your private keys with Bancor.
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