Source. Crypto info.com
What is Bancor?
Bancor is a protocol on the blockchain that provides liquidity for and enables automated, decentralized exchanges on the Ethereum network and across other blockchains. A series of Smart Contracts is design to pool liquidity and allow easy peer-to-contract trades within a single transaction, without the need for a counter party (like a bank).
Owners of BNT tokens can stake them in automated market makers and gain access to income from trading fees, staking and also voting rights in the Bancor DAO. At this time Bancor has facilitated over $2 billion in trade across thousands of tokens, with millions of dollars in fees generated and distributed to BNT token stakers.
Bancor is partnered with the Enterprise Ethereum Alliance, Gnosis, Status, Civic and lots more blockchain companies.