Let us know what you think of the new look in Bancor’s Telegram channel, and stay tuned for more UI updates in the coming weeks & months.

18 Months Live

To celebrate Bancor’s 18-month anniversary, the digital marketing specialists at Cyberius created an infographic showing Bancor’s progress to date.

The graphic features major development milestones thus far, activities across the globe, and the latest stats on the Bancor Network:

Kenya Update: A 40% Increase in Local Commerce!

We recently received the first month of transaction data from Sarafu Network, the Bancor-powered community currency pilot in Kenya launched by local non-profit Grassroots Economics. This is the first time in history we’re able to track the impact of community currencies on the blockchain, and the initial results are inspiring.

Here is a snapshot of the data collected in the past month:

5 Liquid Community Currencies in circulation in the following communities: Nairobi Area — Kawangware, Kibera & Kangemi; Coastal Area — Bangladesh & Kwa Ng’ombe

450 active users (with 100 wallets being added per week)

2,850 transactions

444,531 Tokens in Circulation = 4,358 USD in value

~$10,000 USD in Monthly Transaction Volume

Local Statistics:

Per capita daily income: <$2 USD

Average cost of one meal: $.20 USD

Total monthly income of user base: 450 users x $2 USD x 25 days = $22,500 USD

Given $22,500 USD total monthly income of the user base, $10,000 USD in transaction volume represents a 40% increase in local commerce among initial users!

In a blog post on the data, Will Ruddick, Grassroots’ co-founder, shared more details on the communities impacted:

These informal settlements are very large (over 100k residents) and we haven’t even reached 1% of one community yet — but let’s say we had (and will very soon); then at full capacity, one community, in one month, should be able to increase their trade by more than $200,000 USD!

A breakdown of Sarafu Network transactions across various categories of goods & services.

Grassroots Economics recently released a video of the Sarafu Network currencies in action, showing community members transacting in Bancor-powered local tokens using feature phones not connected to the Internet:

Get involved with the Sarafu Network & Grassroots Economics, and contact Bancor to learn more about creating or supporting a token-based community built with Bancor.

LiquidEOS Hits #1

After its many contributions to the EOS ecosystem over the past few months, the LiquidEOS team was honored to be voted into the #1 spot among EOS Block Producers.

LiquidEOS released a brand new website where users can access the team’s latest releases.

In addition, LiquidEOS recently proposed a new method for measuring blockchain activity called the Transaction Frequency Index.

Bancor Ecosystem

CanYa is one of many apps that has integrated Bancor directly into their user experience.

The Bancor Protocol allows developers to build networks where participants create and convert user-generated tokens. Crypto Spotlight recently did a round-up of the top projects utilizing Bancor to automate asset conversions in their apps and blockchains, including EOS, CanYa, PEG and more.

Read the full post, Top Blockchain Projects Utilizing the Bancor Protocol

One of the easiest ways to integrate Bancor in your app is by adding Bancor’s conversion widget, embeddable in any site or app with just a few lines of code. The customizable widget allows users to instantly convert 130+ EOS and Ethereum-based tokens in the Bancor Network directly from their wallets, without leaving the originating app/site. Here are just a few examples of Bancor’s conversion widget in the wild:

Sense | Token | HireVibes