BancorX
A cross-chain liquidity network bridging between EOS and ETH
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Hunter's comment
Last week Cross-Chain Liquidity Network BancorX went Live on EOS. This is a major breakthrough towards blockchain inter-operability.
BancorX enables automated token conversions between 110+ ERC20 and EOS-based tokens including CET, IQ, MEET etc.:
Unlike traditional exchanges, which rely on order books to match buyers and sellers, Bancor uses transparent algorithms and automated deposits to manage liquidity and enable continuous conversion of one asset into another.
Features:
- No order matching needed between the traders (enables instant trades).
- No Deposits (tokens don't leave user's wallet)
- Zero transaction fee
- Freely move tokens between Ethereum & EOS blockchains.
- Can be utilized by other exchanges and dapps for free (Open source).
After the BancorX launch, its co-founder commented:
The ability to easily convert assets cross-chain points to a future in which token projects and users are empowered to seamlessly interact with any blockchain which best suits their needs
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Contributors
Hunter: @xyzashu
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I think over period of time, it may become wonderful exchange.
Yes, this protocol will really help in exchanging cross-chain coins even in the absence of trading volume.
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Just a big wow! EOS made things possible, so we now have this bridging from different alt-coins preferrably ETH ERC-20 based tokens. As expected from one of my favorite coins the EOS. How I wish they will came up to innovative machine that could enhance our day to day activity like transportation or food market. Keep it up hunter!
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