Bancor Protocol Continuous Liquidity For Cryptographic Tokens Through Their Smart Contracts
Eyal Hertzog, Guy Benartzi, Galia Benartzi · Zenodo (CERN European Organization for Nuclear Research) · 2018
The Bancor Protocol enables automatic price determination and an autonomous liquidity mechanism for tokens on smart contract blockchains. These Smart Tokens have one or more connectors to a network that hold balances of other tokens, allowing users to instantly purchase or liquidate a Smart Token for any of its connected tokens directly through the Smart Token’s contract, at a price that is continuously recalculated to balance buy and sell volumes.