At the core of Bancor’s value proposition is a simple action: convert between any two tokens. No deposits and no order-matching between buyers and sellers required. We believe frictionless conversions between crypto assets will give rise to enormously powerful token ecosystems, connected across blockchains — from Ethereum, to EOS and beyond.

As Summer came to a close, Bancor took one step closer to becoming a cross-chain protocol with last week’s release of Bancor’s open-source smart contracts on the EOS Test Net. The release comes as we prepare to launch Bancor’s decentralized cross-chain liquidity network supporting both the Ethereum and EOS Main Nets — called BancorX.

Read the full BancorX announcement.

And here’s how to get involved:

The First Tokens to Go Live on BancorX

As some of the most promising blockchain projects launch on EOS to deliver speed and scalability to their users, we are excited to announce the first EOS-based tokens that will go live on BancorX:

Everipedia (IQ) — blockchain-based encyclopedia

— blockchain-based encyclopedia MEET.ONE (MEET) — EOS wallet and EOS sidechain

— EOS wallet and EOS sidechain HireVibe (HVT) — jobs dApp powered by crowdsourcing

— jobs dApp powered by crowdsourcing Lumeos (LUME) — decentralized social platform

— decentralized social platform MyCryptoBank (MCB) — crypto-fiat online bank

— crypto-fiat online bank Chaince (CET) — blockchain asset trading platform

— blockchain asset trading platform COART (COAT) — specialized EOS platform for the art market

— specialized EOS platform for the art market Prospectors Gold (PGL) — multiplayer online economic strategy game

— multiplayer online economic strategy game HorusPay (HORUS) — decentralized global payroll portal

— decentralized global payroll portal DEOS (DEOS) — decentralized EOS-based games

— decentralized EOS-based games KARMA (KARMA) — decentralized social network that incentivizes users to do good

LiquidEOS

In the last month, LiquidEOS, Bancor’s block producer team, has released a number of open-source tools to support the emerging EOS ecosystem.

The Watchdog

A simple but important tool that will limit the potential damage caused to the main net when a BP stops producing. A block producer who runs the Watchdog tool will be automatically removed from the schedule if the system identifies an issue with their production. Learn More.

The Heartbeat

A plugin that ensures a standby BP is ready to produce in case they suddenly enter the top 21. If all BPs install The Heartbeat, it can be used by the EOS system contract to avoid including a standby BP in the schedule if they are not ready to produce. Learn More.

The dApp Network

A decentralized app store that allows developers to register their smart contracts and front ends for easy browsing and discovery. Learn More.

Kenya Update

Bancor’s community currency initiative continues to make progress on the ground in Kenya. In the past month, the team has:

Moved the network onto POA Main Net (more details on the POA integration here).

Deployed smart contracts for 5 village-level tokens.

Using the Bancor Wallet API, enabled offline usage of blockchain on non-smartphones.

Created a video demonstration of a village market simulation:

Check out recent feature articles about the Kenya project in Decrypt Media and International Finance Magazine.

Rethinking the Order Book

Bancor’s predetermined order flow overlaid on a traditional order book. The dotted line shows the price of a Relay Token rising in response to a purchase, while demand and supply schedules remain fixed due to automated pricing.

Smart contract technologies demand a rethinking of existing market mechanics — specifically the order book, which plays a key role in today’s digital asset exchange infrastructure. In a recent blog post, Bancor Co-founder Eyal Hertzog shares how Bancor removes the need for order books:

A shift away from the traditional human-driven order book towards automated market makers on the blockchain could minimize market abuses, smooth price fluctuations and free up trillions in profit currently captured by rent-seekers. This is the next phase of digitization and decentralization in financial markets.

Read the full post, Rethinking the Order Book: The March Towards Automated Markets.

The Great DEX Debate: Bancor vs. IDEX

Bancor and IDEX faced off in a live debate on the developmental future of decentralized exchanges. Eyal and IDEX founder Alex Wearn joined a panel of Youtube moderators who asked questions on topics ranging from DEX usability to liquidity and security. Big thanks to Crypto Beadles, Crypto Love, Crypto Crow and David Zimbeck for their questions and insights.

Live Demo of the Bancor Protocol

Earlier this year, Bancor Co-founders Galia Benartzi and Yudi Levi gave a live demo of the Bancor Protocol at an event in Tel Aviv.

We’ve already seen many innovative uses of the Bancor Protocol including new types of networks, stable coins, derivatives and community currencies. We’ll be releasing a new developer platform soon. In the meantime, check out Bancor’s APIs, as well as a few example apps that currently utilize the Bancor Protocol:

Fomo3d — one of the most popular Ethereum games

CanYa’s Hedged Escrow — hedged escrow system for crypto assets

Cure WorldCosplay — cosplay platform where users create their own coins

Enjin Wallet — social platform for gamers

Top 10 Hottest Startups in Tel Aviv

We were honored to be selected by Wired as one of the 10 hottest startups in Tel Aviv. Meanwhile, CNBC’s Ran Neuner stopped by Bancor’s offices during his tour of Tel Aviv’s crypto scene to chat with Eyal and Galia. (By the way, we’re hiring!)

Upcoming Events

Events continue to be one of the best ways for the team to keep up with the latest, meet other great folks in the industry and spread the word about the Bancor Network. In the coming months, we’re planning to be at: