Fall has been busy as the Bancor team gears up for one of its largest launches to date. BancorX will enable decentralized token conversions on EOS as well as cross-chain conversions between Ethereum and EOS-based assets. Bancor’s upcoming support for EOS marks the network’s first expansion to a new blockchain, but will not be the last.

Amid heads-down development, we saw a number of interesting uses of Bancor’s open-source protocol by third-party developers, while members of the team visited London, Los Angeles and Tokyo to prepare for launch and engage with blockchain leaders.

Here’s the latest:

LiquidEOS

Bancor’s block producer continues to ship products and initiatives at a tremendous pace. The team’s most recent contributions to the EOS ecosystem have earned LiquidEOS a spot back in the top 21. As of this writing, LiquidEOS is ranked 8th on the Block Producer Leaderboards.

Two recent initiatives include:

EOSCraft is a browser-based adventure game that is one of the first games to run on EOS.

In partnership with the Link Foundation, Project EOS Bridge is aimed at synthesizing and translating developments from local EOS communities around the world. The project will create a constant flow of high-quality information between the East and the West for better understanding and collaboration across regions.

Read more LiquidEOS updates in the LiquidEOS Innovation Report.

The PEG Network is Live

We’re constantly seeing innovative uses of Bancor’s open-source technology across the blockchain community. Third-party developers integrate Bancor to enable autonomous in-app trading and continuous liquidity for any digital asset. Assets created or traded via the Bancor Protocol become interchangeable with each other, and with over 100 Ethereum and EOS tokens on Bancor’s decentralized liquidity network. Conversions occur instantly and algorithmically, without matching buyers and sellers, and without users having to leave the app.

One extremely exciting use case of the Bancor Protocol is PEG Network — which launched earlier this month. PEG Network is a protocol for creating customized asset-pegged tokens. Through PEG Network, anyone can create an ERC-20 token pegged to a currency, commodity or underlying asset of their choice. Asset-pegged tokens, once issued, have instant liquidity and can be converted into any ERC20 token via the Bancor Protocol. PEG’s post announcing the launch shared more details on the Bancor-powered features:

Liquidity is provided by smart contract-managed reserves which hold a balance of a listed token and a universal ‘connector’ token. The connector token used by the PEGDEX is PEG:USD, a USD-pegged stablecoin. When a user wishes to exchange TokenA for PEG:USD, a smart contract manages the trade by depositing TokenA into the reserve and issuing PEG:USD from the reserve to the user.

Learn more about Peg Network and check out Bancor’s Developer Tools (refresh coming soon!) to explore building with Bancor.

Poloniex Listing

BNT, Bancor’s Network Token, is now live on the Poloniex Exchange. In describing its decision to list BNT, Poloniex wrote:

Assets that are candidates for listing on Poloniex undergo a rigorous review spanning engineering, legal, and product analyses. One of the core categories of assets that we aim to curate on our exchange are projects that introduce new core infrastructure to the Ethereum ecosystem.

Trading BNT is now available in USDT, BTC, and ETH pairs.

Forbes Top 50 Women in Tech

Bancor Co-Founder Galia Benartzi was selected by Forbes as one of the Top 50 Women in Tech. Forbes wrote about Galia’s early experiments with local currency pilots prior to starting Bancor:

One of the most successful [pilots] was a Tel Aviv currency market for mothers which ran a token called “Hearts” and allowed users to trade toys and clothes, handmade goods, and services like babysitting. In its year-long trial Hearts were used by 40,000 mothers who traded $24 million worth of commerce. Through pilots like this, Benartzi realized how vital it was cryptocurrencies could be converted and so co-founded a platform to do this: Bancor.

In addition, Galia appeared on Bloomberg TV to discuss the upcoming launch of BancorX. On the segment, she also described Bancor’s novel market design and how it could serve as an antidote to the abuses that run rampant on traditional crypto exchanges.

Events

Events continue to be one of the best ways for the team to keep up with the latest, meet other great folks in the industry and spread the word about Bancor. Here’s where we were in the past month:

TLV Dappathon

Bancor Head of Growth Omri Cohen spoke last week at the inaugural Dappathon hackathon in Tel Aviv, where a team built an EOS-based project using the Bancor Protocol called SpearEOS. SpearEOS is a system which buffers buys and sells of EOS-based assets on the Bancor Network so as to minimize slippage on large orders.

Tokyo

Pictured (from the left): Professor Keishi Ohashi (Waseda University), Galia (Bancor), Taiki Kawa (Bancor), Professor Tetsuya Osaka (Waseda), Hiroshi Yamashita (ChainAge), Professor Hiroo Sasaki (Waseda)

Galia had an action-packed week in Tokyo, where she discussed the upcoming launch of BancorX in front of packed audiences at the Blockchain Unbound conference and at Waseda University. In reaction to one of Galia’s slides, an attendee tweeted (in Japanese): “I haven’t read the white paper, but I understand the concept. Because it is simple, and it seems to be versatile.” Here’s the slide:

This illustration seeks to explain automated pricing on Bancor, using two theoretical assets on Bancor, Token A and Token B, each with their own Relay Token.

The lower section of this slide shows the rebalancing of Relays based on a conversion of Token A into Token B, and the simultaneous recalculation of token prices. As you can see, tokens on Bancor increase their price with each purchase and decrease with each sale, so users know they’re always getting a fair price based on real-time supply and demand.

Los Angeles

Omri spoke about the upcoming BancorX launch at BlockCon in Los Angeles alongside builders like Naval Ravikant (AngelList), Brock Pierce (Block.one) and Sam Kazemian (Everipedia).

London

Bancor Co-Founder Eyal Hertzog and LiquidEOS CEO Beni Hakak recently spent the week in London attending various EOS meetups, as well as Blockchain Live. The pair connected with numerous developers and fellow EOS Block Producers as well as EOS token launch partners on BancorX.

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