Bancor is crypto company protocol for the creation of Smart Tokens that touts a decentralized exchange service.
Bancor Protocol™ is a standard for the creation of Smart Tokens™, cryptocurrencies with built-in convertibility directly through their smart contracts. Bancor utilizes an innovative token “Connector” method to enable formulaic price calculation and continuous liquidity for all compliant tokens, without needing to match two parties in an exchange. Smart Tokens™ interconnect to form token liquidity networks, allowing user-generated cryptocurrencies to thrive.
The case highlights one of the many lawsuits filed by investors against service providers for financial losses in the volatile cryptocurrency market.
Bancor has said it is currently testing and auditing the Dual Rewards and Auto-Compounding Rewards features and plans to activate them in the weeks ahead.
Founded back in 2013, Grayscale has seen its assets under management rise to approximately $43.6 billion as of December 31, 2021.