It’s been an incredible journey since the first projects, Stox and Gnosis, activated tokens on the Bancor Network in October 2017. By integrating with the Bancor Protocol, projects have gained the ability to offer their users an easy, low-cost way to convert their tokens into an increasing number of tokens in the Bancor Network. Users are no longer bound by exchanges that only support ETH and BTC trading pairs. This has led to more users converting tokens for tokens (rather than cashing out for ETH and fiat) which recirculates liquidity throughout the network and the broader token economy.

These network effects are truly awe-inspiring to observe. In the early days of the Bancor Network, the highest activity occurred between ETH and BNT, Bancor’s Network Token. In November 2017, only two percent of volume on Bancor was in non-ETH conversions. Today, more than 16 percent of conversions on the Bancor Network occur between non-ETH tokens. Meanwhile, transaction volume has surged on the network, surpassing $20 million in daily conversions. The “white-hot center” of Bancor’s network has radiated outwards as more users convert between a wider array of tokens, strengthening the connections between nodes in the Bancor Network and, in turn, increasing its value and resilience.

Reed’s Law posits that a network’s value can be measured by its node connections. When nodes form their own clusters (similar to token connections in the Bancor Network) a network’s value grows exponentially, or 2 to the Nth power, with N being the number of nodes, or tokens, in the network.

To celebrate Bancor’s 100th token, we’re excited to launch Bancor’s 100th Token Giveaway, with 100 BNT (plus Bancor swag) up for grabs.

Here’s how it works:

Vote for the token project you’re most excited about on the Bancor Network by tweeting with the #100Tokens hashtag, tagging @Bancor, placing the symbol of the token after a ‘$’ sign, and explaining why you’re most excited about the token. For example: “@Bancor $BNT is making crypto accessible to the masses #100Tokens”.

We’ll post the results periodically on Telegram and Twitter until voting concludes on Friday, June 8 at 10:00 GMT , when the token with the highest number of votes will be named the winner. We’ll then publish the top reasons why the community is so excited about the winning token.

, when the token with the highest number of votes will be named the winner. We’ll then publish the top reasons why the community is so excited about the winning token. 40 participants who voted for the winning token will be selected at random to receive a Bancor swag pack shipped anywhere in the world.

shipped anywhere in the world. 1 user who voted for the winning token will be selected at random to receive 100 BNT.

As integration with Bancor becomes more automated and the benefits of continuous, adjustable and algorithmic liquidity more apparent, we believe activating on the Bancor Network will become as standard as auditing a token’s smart contracts. Big thanks to the incredible Bancor community for helping us reach this milestone and the dedicated Bancor team for relentlessly building at the frontiers of blockchain. As we have said from the beginning, a network starts with nodes, and we could not be more appreciative of our first 100 tokens. Here’s to 1,000,000 more!

To decentralized network effects,

The Bancor Team