The Bancor platform is a resource that allows a user to develop their own tokens that can be exchanged within the platform.
The Bancor platform greatly simplifies this process of exchange. All ERC20 tokens will be supported by the Bancor platform, where they can be converted to the BNT ”home brew” token, after which they can be exchanged for the required token or remain in the BNT equivalent. This chain allows you to exclude from the chain of third parties in the form of exchanges that will earn their commissions on the exchange. The use of Bancor for the exchange of tokens there will be no Commission.
The system works in such a way that tokens sent by users will be reserved or compressed with the issuance of the necessary cryptocurrency. The rate will be determined by the ratio of supply and demand, that is, on the basis of traditional market pricing tools. Where to buy BNT? The value of the coin in the stock market is easy to observe on the price chart. To buy BNT tokens, you can use the services of the Binance exchange or buy them inside the Bancor Network for Ethereum. Actual price in USD is always available in different stock markets.
A feature of the network is the lack of spread, additional commissions network and the availability of arbitration, allowing for the clearing of the purchase and the sale value if there is a substantial difference.
More information about the Bancor platform you can be found on the official website of the White paper section.