Bancor

Bancor Protocol is a standard for the creation of Smart Tokens™, cryptocurrencies with built-in convertibility directly through their smart contracts. Bancor utilizes an innovative token “connector” method to enable formulaic price calculation and continuous liquidity for all integrated tokens, without needing to match two parties in an exchange.Smart Tokens interconnect to form token liquidity networks, allowing user-generated cryptocurrencies to thrive. The Bancor Network Token (BNT) is the connector token that allows any other ERC20 token to be instantly converted to any other, without requiring a second party.