We are thrilled to announce the expansion of the Bancor Protocol to EOS. Bancor has ported its public code to EOS in preparation for the launch of its decentralized cross-blockchain liquidity network supporting Ethereum and EOS Main Nets — BancorX.

Having initially built Bancor on the Ethereum blockchain, Bancor is now evolving into a cross-chain liquidity protocol starting with added support for EOS. Bancor will allow users to perform instant EOS-based token conversions against its automated smart contracts, also known as Relays. Relays give users an easy way to convert tokens without having to deposit funds on an exchange and without the need for order-matching between buyers and sellers. Anyone can create a Relay on EOS and connect it to Bancor’s liquidity network by staking tokens in a smart contract which they own and manage. The EOS-based tokens listed on Bancor will soon be instantly convertible to any Ethereum-based token through the Bancor Protocol.

For now, Bancor has released its open-source smart contracts on EOS as well as an embeddable user interface that processes EOS-based token conversions on the Test Net using Scatter, the most popular EOS web wallet. We have launched these tools in partnership with Bancor’s block producer team, LiquidEOS.

The releases give users a glimpse into the benefits of Bancor on EOS, including:

1-second transactions (as opposed to > 10 seconds on Ethereum)

No transaction fees (as opposed to gas on Ethereum which can reach upwards of $50)

No front-running risk (EOS transactions are not prioritized by gas fees as they are on Ethereum)

As the first and largest decentralized liquidity network, the Bancor Network has processed over $1.5 billion in token conversions since launching on Ethereum. Bancor has facilitated affordable and accessible liquidity for over 120 Ethereum-based token projects, who join the network with no listing fees. 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

Do you run a token project? Get your token listed on BancorX.

Another way to get involved with Bancor on EOS is through our newly launched EOS bounty program. We encourage the community to take a deep dive into our code and uncover any issues in Bancor’s EOS smart contracts. Over 500,000 BNT is up for grabs for developers who improve the contracts or user interface.

Stay tuned for further details in the coming weeks on how BancorX functions. We cannot wait to unleash the power of Bancor’s automated cross-chain liquidity on the EOS and Ethereum ecosystems, bridging two enormously powerful shared global infrastructures towards a growing and interoperable blockchain industry.