My Top 5 Tokens on Bancor and Why

in cryptocurrency •  6 years ago  (edited)

Bancor’s Liquidity Network enables users to unanimously convert over a hundred unique ERC20 tokens to one another at any time regardless of buyers and sellers or trade volume. That rocks, and so does the fact that during conversions, your tokens stay in your own personal wallets! Because all transactions are done on a user Smart Contract on the Ethereum blockchain, the user’s security is their own responsibility. Thus making the conversion super safe from any middlemen and most of all, super safe from thieves

That being said, without any particular order, currently, these are my top 5 tokens on Bancor and why.

Stox (STX)

Problem solved: Bringing decentralized prediction markets to the mainstream.

Coolest feature: The platform gives the ability to “supercharge your launch with a prediction market of your own.” Assists other tokens to bring prediction markets to mainstream audiences.

Really neat and intuitive website and phone application. Competitively set prediction amount, see the potential profit. Also has a service to boost your Token Generation Event!

Stox has an excellent Bounty Program as well, which includes an array of fields:
-Referral
-Social content
-Sponsored prediction
-Predictions
-Video
-Bug

Website: https://www.stox.com/


LockTrip (LOC)

Problem solved: Crypto to Product (via Hotel & Vacation Rentals)

Coolest feature: Besides the amazing title, “The First Blockchain Hotel & Vacation Rentals Marketplace, with 0% Commissions,” LockTrip has the Bancor trading function integrated on the bottom right corner of the LockTrip home screen!

Integrated marketplace that enables hoteliers and property owners to rent, manage bookings and collect payments this ecosystem. This is set to change the game!

Website: https://locktrip.com/

Gnosis (GNO)

Problem solved: Decentralizing trading in prediction markets.

Coolest feature: Their goal is to eliminate middlemen and counterparty risk. Has a very thorough white paper that defines the problem in depth.

Okay yes, another fun prediction market platform. What can I say?! The layout for their prediction markets is aesthetically pleasing and follows the themes based on the prediction market.

Website: https://gnosis.pm/

Bancor Network Token (BNT)

Problem solved: Fast and Diverse Liquidity conversions.

Coolest feature: Smart Tokens give instant conversion between themselves and any of their connected tokens. A Network Token functions as a “token for tokens.” Relay token with two connectors allows one connected token to be converted to the other through two-step process.

Serves as the hub network token for the Bancor Network. All tokens in the network can be converted to and from BNT, and thus each other, at a rate calculated by the Bancor Formula.

Website: https://ban.cr/-WebApp

KIN (KIN)

Problem solved: Integrates blockchain technology into existing everyday digital services app, Kik.

Coolest feature: Envisioned as a general purpose cryptocurrency for use in everyday digital services such as chat, social media, and payments. Goal is to bring people together. Partnered with Kik, a preexisting digital services product.

We should always remember that investing is an art form. Diversity in portfolio is key. Noted that KIN is worth less than $0.01USD. The recent volume surge has given it attention. This is the penny stock of the crew.

Website: https://kinecosystem.org/ https://www.kik.com/
Bancor’s Token Selection is growing every day, for now, these are my top 5 picks!

Buy/Sell Your Top ERC20 Tokens on Bancor’s Liquidity Network: https://ban.cr/-WebApp

Thank you for reading. Please kindly comment below.

Disclaimer: Statements on this blog do not represent the views or policies of anyone other than myself. The information on this blog is provided for discussion purposes only, and are not investing recommendations. Under no circumstances does this information represent a recommendation to buy or sell securities.
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I like how you included what problem each of these tokens solve. Bancor really has a wide variety of tokens that have important use cases for the future of blockchain!

Solid list, and I really rate STX and KIN too – both have huge potential!

Definitely was not aware about most of these projects. Great place to pick up some tokens before they undoubtedly get more attention and spread to different outlets.

Coins mentioned in post:

CoinPrice (USD)📈 24h📉 7d
BNTBancor2.316$4.93%-4.01%
GNOGnosis51.737$2.49%-3.7%
KINKin0.000$3.83%22.05%
LOCLockTrip0.889$5.42%-4.75%
STXStox0.288$11.39%-32.4%

Nexo is a new addition to bancor but i really believe in this coin. It's SEC-complient and is backed by a very large financial instituion. Crypto-backed loans are better than selling!

Some interesting tokens thanks for sharing.

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