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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