Bancor BNT to Emercoin EMC Exchange

Crypto Pair Details: BNT to EMC

Bancor BNT

Bancor is a blockchain protocol that allows users to convert between different tokens directly as opposed to exchanging them on cryptocurrency markets. The project offers a network, which we’ll discuss soon, that works to bring liquidity to the majority of tokens that lack a consistent supply/demand in exchanges. That network is built on smart contracts and a new class of cryptocurrencies that the team calls “Smart Tokens.” Bancor is looking to provide support to the illiquidity that currently exists within the cryptocurrency market. Illiquidity isn’t so much an issue for top coins like Bitcoin or Ethereum because there are always buyers and sellers looking to exchange those coins. It is definitely an issue, however, for the thousands of other tokens that may serve legitimate decentralized purposes but haven’t attracted enough attention in the market to be liquid. Bancor’s protocol uses smart contracts to create Smart Tokens, which serve as an alternative mechanism for trading. A key characteristic of the protocol is that it doesn’t call for an exchange of tokens with a second party, as in the case of cryptocurrency exchanges. Rather, it employs Smart Tokens to convert between different ERC-20 tokens internally. These conversions take place through the blockchain’s protocol and completely outside of cryptocurrency exchanges. Smart Tokens process token conversions internally by holding reserves of other ERC20 tokens within their Smart Contract. They can then convert back and forth between those reserves as users request it. The Bancor team consists of a core Foundation Council and their Advisory Board. The Foundation Council includes four individuals based out of Zug, Switzerland. Bernard Lietaer is a Belgian civil engineer, economist, author, and professor. Lietaer specialized in monetary systems and promotes the notion of communities creating their own local currencies. Guy Benartzi serves as co-founder and is recognized for founding the gaming company, Mytopia. Benartzi also co-founded Particle Code, a development studio based in Tel Aviv, Israel. Guido Schmitz-Krummacher is an executive of the Bancor Protocol foundation that’s involved with a variety of commercial entrepreneurial ventures in Switzerland. His involvement in the crypto space includes that of Bancor as well as an executive position in crowdfunding network, Tezos (XTZ). One of the key elements of the Bancor Network is the automated pricing. This comes from the Smart Tokens’ built-in automated market makers. These automated market makers mean that the tokens’ smart contracts always buy or sell Smart Tokens from or to any user in exchange for any connector token (as well as any token found in the network). The price comes from the Bancor Formula. This formula that is responsible for balancing a Smart Token’s demand and supply while also maintaining the ratio between the token’s total value with the connector token balances. The creator of the Smart Token configures these ratios, known as the connector weight. The creator can adjust them with the goal of decreasing or increasing the liquidity level of the token. The connector weight indicates price sensitivity, or how much sells and buys affect the price movement. Any time the prices no longer syncs with prices listed on external exchanges, the arbitrageurs will quickly balance the gaps.'

Emercoin EMC

Emercoin (EMC) is an open-source cryptocurrency which originated from Bitcoin, Peercoin and Namecoin. Other than being a cryptocurrency, it is also a platform for secure distributed blockchain business services. The EMC coin is used for accessing the blockchain-based services provided by Emercoin. Emercoin inherits the reliability and security of Bitcoin, while at the same time adding more features to its own blockchain by leveraging several innovative technologies. The Emercoin blockchain has been specially designed to provide businesses with the secure blockchain services and also allow them to create their own decentralized apps. Emercoin was founded in the year 2013 by Eugene Shumilov who also serves as the chief executive officer of Emercoin. The Emercoin team also consists chief technical officer Oleg Khovayko, a cryptocurrency & financial expert and Stan Polozov a Blockchain Implementation Specialist. Emercoin is also backed by a decentralized team of nine advisors from across the world. Emercoin has been in the market since 2014, and its past trend in the cryptocurrency market shows that it has followed a steady and stable growth. Emercoin has scored many partnerships. Two of its major partners are Coca Cola and Microsoft. Some other partners are RedHat, LLoyd’s, Bitfury, Aspanta, Deloitte, Authorizers, Foundico, Anteko, etc. Emercoin has also been featured on some prominent media platforms such as Forbes, Digital Trends, Engadget, The Business Times, Aljazeera, Gadgets Now and others. With the sheer variety of services that the Emercoin platform makes available to its users, it would not be surprising to see this currency be viewed as a lucrative investment option by many novice as well as experienced investors in the near future. With the currency’s value currently hitting new highs, it can be said that many people are now beginning to see the true power and potential of this emerging blockchain. However, as is the case with all crypto assets, past performance should not be used to predict the future value of EMC.

SOURCE: COINGECKO

instantcryptocurrencyexchange Statistics

Instant Cryptocurrency Exchange Platform