The Bancor Network is a cross-chain network that provides liquidity across blockchains. Their platform provides a very simple decentralized method for users to convert tokens between different blockchains without the need to give up custody of their tokens.
Additionally, the Bancor Protocol helps to drive cryptocurrency adoption by providing continuous liquidity for tokens that struggle to get listed on large crypto exchanges. It works by projects setting up a Token Relay to enable conversion between their token and the other coins on the Bancor Protocol.
In this article, you will find a list of all of the Bancor partnerships, integrations, and Token Relays as of 2020. If I have missed any out please let me know in the comments below and I will be sure to add them.
List Of Partnerships and Integrations;
- Kyber Network
List Of Token Relays;
- Restart Energy
- Opporty BO
- Real Fund
- Sweet Eva
- TAP Project
- StormX Token
- Power Ledger
Partnerships and Integrations In Detail;
June 2017: Changelly announced that they had added Bancor (BNT) to its platform to allow users to easily swap BTC, ETH, and 50+ other cryptocurrencies with Bancor in a very quick and easy-to-use method.
Furthermore, users also have the option to buy BNT directly with USD or EUR through the Changelly partners on the platform with credit or debit cards. Users would need to verify their identity before buying through this method by passing the KYC/AML procedures that are handled by Changelly partners.
August 2019: Bancor partnered with Consensys at the Ethereal Summit Tel Aviv during September 2019. The partnership involved over $50,000 in prizes with over $5,000 being awarded to the best projects built using the Bancor Protocol.
The two challenges included the building of tools that help to advance and optimize pool-driven liquidity and the creation of a blockchain conversion widget.
3. Kyber Network
December 2019: Bancor partnered up with the Kyber Network to create a new bridge that integrates BNT and Bancor pool to exchange the liquidity for the entire DeFi community. This partnership involved the Kyber Network to source some of its liquidity through the Bancor Network.
May 2020: Aave teamed up with Bancor to release a challenge for developers. The challenge involved developers to build on both protocols to create synergies and yield hacking opportunities. The feature they had suggested was a seamless double-yield AMM which would allow users to swap pairs of tokens by leveraging the Bancor Network.
October 2017: Flixxo, a blockchain-based video-sharing social economy, announced that they would integrate the Bancor Protocol into its platform to develop a Token Relay to provide a decentralized liquidity pool of FLIXX and BNT.
The Token Relay would provide a decentralized, automated solution to convert FLIXX into BNT with no counterparty. It would also allow the two-way conversion of ETH-FLIXX. The integration would also allow for FLIXX to be easily coveted into any other token on the Bancor Network itself.
August 2017: KICKICO, a platform for ICO’s, crowdfunding, crowd investing, announced that they will make KickCoin a Smart Token solution on the Bancor protocol. Lots of new tokens that are launched on KICKICO struggled with gaining enough capital to be listed on any form of a centralized exchange and therefore were very illiquid.
They decided to integrate the Bancor Protocol into its platform so that all fundraisers could make their tokens have liquidity from the Bancor Network and easily swap them for any other ERC-20 token.
Token Relays in detail;
January 2018: Arbidex, a trading platform that accumulates liquidity from major cryptocurrency exchanges, announced they will integrate Bancor into their platform. This integration will grant ABX holders access to continuous liquidity through the Bancor Network - regardless of the trade volume of exchange available liquidity.
Arbidex activated its Token Relay with 2% of its circulating token supply during January 2018.
January 2018: LiveEdu, a decentralized learning platform for people to improve their job skills, announced they would integrate with Bancor to provide continuous liquidity for EDU tokens.
This integration allows for EDU holders to have continuous liquidity as they can convert their EDU tokens for any token on the Bancor Network. It will also provide easier access to the LiveEdu platform as users of Bancor can easily purchase EDU off its network.
The Token Relay was set up with 2-5% of the total circulating supply to stake with.
3. Restart Energy
January 2018: Restart Energy announced they had integrated the Bancor Network to provide liquidity for its self chagrin energy-backed RED MegaWatt (MWAT) token. Restarted Energy Democracy is a transparent bridge to close the gap in the global divide between energy producers, prosumers, and consumers.
The integration of Bancor will provide MWAT holders the ability to have continuous liquidity, instant conversion, and zero price spread. Restart Energy set up its Token Relay with 2% of the available supply.
January 2018: PayPro, a decentralized marketplace, announced that it integrated with Bancor Network to provide continuous liquidity to its network. PYP can easily be traded with any other token that is connected to the Bancor Network.
They set their Token Relay up with 5% of the circulating supply.
December 2017: AdHive, a blockchain-based advertising platform designed to help businesses scale their influencer marketing with AI, announced the integration into the Bancor Network. This allowed ADH token holders to have continuous liquidity between ADH and any other token on the Bancor Network.
2-5% of the total circulating supply was used to set up the Token Relay.
6. Opporty BP
December 2017: Opporty, a decentralized service marketplace, and a self-regulated knowledge-sharing community platform announced the integration into the Bancor Network. OPP token holders will now have the option to seamlessly enter in and out of OPP through the liquidity provided through Bancor.
Opporty set up their Token Relay with 2% of the circulating supply.
December 2017: MARK.SPACE, an open-source platform for the creation of 3D and VR web-spaces, announced its integration into the Bancor Network to provide MRK holders with continuous token liquidity.
The Token Relay was set up with 5% of the total token supply.
November 2017: BlockMesh, a decentralized and cost-free communication network announced that it had integrated into the Bancor Protocol for continuous liquidity for MESH token holders. MESH token holders can use the Bancor Protocol’s “Connector” method to easily buy and sell any MESH token with any other token on the Bancor Network.
The Token Relay was set up with 5% of the BlockMesh supply.
November 2017: Vezt, a blockchain platform that allows music fans to share ownership with artists of their favorite songs, announced that it had integrated into the Bancor Protocol to allow VZT token holders unlimited liquidity -regardless of their order sizes.
The Token Relay was set up with 2% of the total VZT supply.
10. Real Fund
December 2017: Real Fund, a fund that invests cryptocurrency in high-yield projects in the commercial real estate sector in Israel, announced its integration into the Bancor Protocol to provide REF token holders continuous liquidity.
3% of the total circulating supply was used to set up the Token Relay.
11. Sweet Eva (Arcona)
November 2017: Sweet Angel Eva, an augmented reality character designed for children led the token sale for Arcona that will enable developers to deposit virtual objects anywhere in the world. Arcona integrated into the Bancor Protocol to enable its token holders the option for liquidity.
Arkona used up to 5% of its circulating token supply to set up the Token Relay.
December 2017: Datarius, a blockchain social-type crypto bank that provides its customers with a full range of financial services, integrated into the Bancor Protocol to provide its DTRC token holds with total liquidity.
The company allocated 7% of its circulating token supply to set up the Token Relay.
December 2017: WePower, a token that is backed by green energy and allows users to access to participate in tokenized energy auctions, announced its integration with the Bancor Protocol to provide WPR holders with continuous and autonomous liquidity.
The Token Relay was set up with 5% of WPR tokens to activate it.
December 2017: KHWcoin, a blockchain-based solution for a cost-effective and network incentivized platform to integrate renewable energy resources into the grid, announced its partnership with the Bancor Protocol to provide KWHCoin token holders with instant liquidity.
KWHCoin set up the Token Relay with 5% of its circulating supply.
December 2017: Trade.io, a blockchain-based financial exchange, integrated into the Bancor Protocol to allow TIO token holders to have instant liquidity when converting to and from ERC-20 assets
The Token Relay was set up with 2-5% of the total token supply.
December 2017: Confideal, an ecosystem for making fast and safe deals through smart contracts on the ETH blockchain, integrated into the Bancor Protocol to provide CDL holders with infinite liquidity.
Confideal used 5-10% of the total token supply to set up the Token Relay to ensure that CDL enjoyed high liquidity and stability on the Bancor Protocol.
December 2017: Decentraland announced that it had partnered with Bancor to join the Bancor Protocol and provide instant liquidity for all MANA token holders. The MANABNT Token Relay was set up with two connector balances, one in MANA and the other in BNT, each with 50% weight. It would enable users to transfer their ETH or BNT quickly into MANA through a widget that will reside on the Decentraland core products.
Additionally, MANA and BNT holders were able to provide liquidity to the Token Relay themselves and receive the MANABNT Smart Token to collect a share of the conversion fees over time.
November 2017: NAGA and Bancor entered into a strategic partnership to integrate the NGC token into the Bancor Protocol to provide its token holders with continuous liquidity. They announced that they would disintegrate the Bancor Protocol widget directly into the NAGA wallet to make it easy for users to quickly convert into and out of NGC.
19. The Tap Project
November 2017: The Tap Project, a platform that allows gamers to convert in-game premium currencies to TapCoins to transverse multiple platforms and games, announced that they would integrate into the Bancor Protocol to provide TTT holders with continuous liquidity.
November 2018: SENSE, an LA-based tech company that specializes in building distributed messaging systems using AI chatbots, and conversational data analysis, announced that they would integrate into the Bancor Protocol.
The SENSEBNT Token Relay will easily allow SENSE holders to seamlessly convert between SENSE and any other token on the Bancor Protocol.
October 2017: WandX, a platform to creates ERC20 Tokens and trade digital assets such as loyalty points, has integrated into the Bancor Protocol to provide WAND holders the opportunity for continuous liquidity.
October 2017: MyWish, a platform for asset management solutions based on smart contracts, announced they integrated into the Bancor Protocol to allow WISH holders to seamlessly swap between WISH and BNT, ETH, and a host of other cryptocurrencies on the Bancor Protocol.
October 2017: Miniapps.pro, a global blockchain marketplace of chatbots and a new generation AI chatbot platform, announced that they had integrated into the Bancor Protocol. This allows all MAT holders to seamlessly enter and exit the token through the liquidity provided by Bancor. Users will be able to utilize this service on both the Miniapps.pro platform or on the Bancor dApp itself.
Miniapps.pro set up a MATBNT Token Relay and has deposited an equal number of tokens into the Smart Token on the Token Relay.
October 2017: Storm entered into the Bancor Protocol to provide continuous liquidity to all STORM holders. Guy Benartzi, a Bancor co-founder, is actually a STORM Token advisor and helped to facilitate this integration.
October 2017: GoldMint, a global network of Custody Bot terminals that are designed to implement the exchange of psychical gold to local fiat currency or GOLD cryptocurrency, announced that they would be integrating their platform into the Bancor Protocol.
This partnership will see the creation of two different Token Relays for GoldMint which are MNTP/BNT and GOLD/BNT. These Token Relays allow for the continuous liquidity between GOLD, MNTP, BNT, and the rest of the Bancor token network. GoldMint expected this integration to dramatically multiply the GOLD turnover and liquidity to lead to a deeper engagement in the financial markets.
October 2017: Iquant Chain, the first project to launch in which world-class quantitative AI is applied to a blockchain-based platform, announced that they would be integrating into the Bancor Protocol. The Iquant chain’s aim is to establish a decentralized, convenient, and intelligent quantitative trading platform to connect global digital assets with the real financial markets.
The integration will see the creation of the IQTBNT Token Relay to allow IQT continuous liquidity to move in and out of the token.
October 2017: Eloplay joined the Bancor Network to create the ELT/BNT Token Relay and provide all ELT holders the ability for continuous liquidity between ELT, BNT, and other tokens on the Bancor Network.
28. Power Ledger
October 2017: Power Ledger, a P2P marketplace to allow users to trade solar power energy, joined the Bancor Network to allow POWR holders to transfer into and out of BNT.
29. Enjin Token
November 2017: Enjin, a project that is trying to gamify everything onto the blockchain, announced that they would be joining the Bancor Network. This set up the ENJ/BNT Token Relay which allowed ENJ holders to swap in and out of BNT, ETH, and other tokens on the network. Users can also deposit ENJ into the Token Relay to benefit from the conversion fees accumulated over time.