

Yesterday we hosted a live AMA with Bancor Co-founder Eyal Hertzog on Tron’s Telegram group following the activation of Tron’s token, TRX, on the Bancor Network for decentralized liquidity. Eyal discussed cross-chain liquidity, the mechanics behind Relay Tokens and the relative unimportance of Bitcoin’s price. In coming weeks, Bancor will be hosting regular AMAs in member token Telegram groups, so keep an eye out for our next one!

TRON is a decentralized entertainment content sharing platform that aims to be a P2P version of iTunes or the Google Play Store. TRX went live on the Bancor Network on January 31st, 2018. Since then, the total volume of TRX conversions is roughly $380,000, while more than 7,825,916 TRX tokens have been converted. And we’re just getting started -- yesterday’s AMA kicked off an awareness campaign that will ensure that the TRX community knows they can buy TRX continuously and easily on the Bancor Network from here on out.

Questions summary:

Max: Thanks Eyal, my question is regarding cross chain liquidity. I listened to your recent interview and you said that Bancor needs to be run on a smart contract enabled platform. Tron's mainnet is released soon, is Bancor being on the Tron network and cross chain conversions a possibility?

Eyal: Since Tron is expected to support smart contracts, I believe that Bancor Protocol could be extended to the Tron Blockchain and enable transferring of BNTs between TRON and other blockchains, as well as Relay Token’s on top of Tron's blockchain.

Max: Ok cool, so it's a case of waiting for solutions like cosmos to facilitate this. I think I read on Reddit that Bancor is opening its own cross chain department also? Along with expanding the team into Asia.

Eyal: This is on the roadmap for 2018, we will release more details as we approach these milestones.

Fra: The bancor was a supranational currency that John Maynard Keynes and E. F. Schumacher[1] conceptualised in the years 1940–1942 and which the United Kingdom proposed to introduce after World War II. The name was inspired by the French banque or ('bank gold').[2] This newly created supranational currency would then be used in international trade as a unit of account within a multilateral clearing system—the International Clearing Union—which would also have to be founded

Eyal: This is a cool video where Galia, one of our Co-founders, describes how Bancor was inspired by this specific proposal - naturally we've upgraded it to modern crypto times and the "supranational" analogy is now decentralized...

