The Bancor Network is growing: ETH, BNT, GNO, STX, and ENJ are the initial live and convertible tokens on Bancor Web App, and from today, we are happy to announce the addition of new and exciting tokens to the network: BMC (Blackmoon), IND (Indorse), OMG (OmiseGo), STORM, AIX (Aigang), KIN (Kin) and WISH (MyWish).

7 additional tokens have activated the open source Bancor Protocol, creating a boost of new activity in the network via new community members and increased conversion volume. Now, token holders can easily convert ETH, BNT, GNO, STX, ENJ, BMC, IND, OMG, STORM, AIX, KIN and WISH without the need to match buyers and sellers through traditional order books (no bid/ask/spread.). The Bancor Network offers continuous and autonomous liquidity through an innovative “Connector” method, utilizing smart contracts to formulaically convert any token to any other in the network, outside of exchanges, in conjunction with popular Web3 wallets such as MetaMask, Mist or Parity or by importing any external Ethereum wallet address (such as MyEtherWallet and others).

A bit about some of these early adopter projects:

BMC (Blackmoon)

Blackmoon raised $30 million in their successful token launch last month.

“The main idea of Blackmoon Crypto is to provide a legal and technical framework for asset managers to create and continuously manage tokenized investment funds. Blackmoon will issue crypto tokens that asset managers can distribute to investors through new vehicles. Blackmoon will provide the legal frameworks to effectively incorporate as legal entities so that they can focus on their products and services” said Oleg Seydak, CEO of Blackmoon Financial Group, in a recent interview with CoinDesk.

IND (Indorse)

Indorse accomplished a successful token sale in September, attracting $9 million.

Indorse aims to return ownership of data to users, allowing them to benefit from sharing their skills and activities on the platform. Indorse uses an internal tokenized reward system to incentivize users to add their accomplishments and endorse those of others, in order to change the landscape of professional social networking.

OMG (OmiseGo)

Omise was founded in 2013 and the OMG token currently represents a $1.6 billion market capitalization.

Dubbed Vitalik Buterin’s “favorite token,” OMG enables anyone to do financial transactions such as payments, payroll processing, remittances, B2B commerce, loyalty programs and trading, in a completely decentralized and inexpensive way. The company was chosen by McDonald’s Thailand to be the exclusive payments gateway for its website and the McDelivery Thailand mobile app.

Bancor was recently on a panel with OmiseGo at TechCrunch Disrupt:



Bancor’s Eyal Hertzog and OmiseGo’s Jun Hasegawa “Making Sense of ICOs” at TechCrunch Disrupt SF

STORM (StormX)

StormX completed a successful Token Sale in September for STORM token with $32 million contributed.

The blockchain-powered adtech and gamified micro-task platform aims to revolutionize and democratize the freelance micro-task marketplace. The Storm Market is an online marketplace for Storm players to be rewarded for completing gamified micro-tasks.

KIN (Kin)

Popular chat app Kik raised nearly $100 million in September from more than 10,000 contributors in its token distribution event, in addition to a $50 million presale which included investors such as Blockchain Capital, Polychain Capital and Pantera Capital. The Kin Foundation was created by Kik Interactive to build out the Kin economy, where the Kin token powers user and developer engagement within the app via the Kin Rewards Engine.

AIX (Aigang)

Aigang Network accomplished a successful Token Sale this December, raising $9 million from contributors to build a decentralized insurance blockchain protocol for IoT devices.

A recently launched Proof of Concept on the Ethereum blockchain can detect faults or failure dates in mobile phones and pay out insurance claims to users without requiring human oversight.

Launching a Token?

If you’re launching a new ERC20 token or have an existing one, contact us to learn more about the Bancor Protocol for continuous, on-chain liquidity. [email protected]

We’re honored to welcome these tokens to the network and the many that will soon follow to form a new liquidity paradigm — decentralized, continuous, autonomous, low-cost and accessible. As we like to say, innovation is for innovators, and a network starts with nodes :) We’re beyond grateful for the early support and collaboration of some of the coolest projects in the ecosystem.