Bancor Network Token will participate in the Web3 Amsterdam event

The project’s lead, Mark Richardson, is scheduled to speak four times over two days, covering topics such as market making, financial inclusion, and AMM fees.

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DeFi market making protocol Bancor will be participating in the Web3 Amsterdam event, taking place in Amsterdam on March 13th- 14th. The project’s lead, Mark Richardson, is scheduled to speak four times over two days, covering topics such as market making, financial inclusion, and AMM fees.

About Bancor

Founded in 2017, Bancor is a decentralized finance (DeFi) protocol that focuses on liquidity provision and automated token trading. The protocol enables users to convert tokens seamlessly and cross-chain, without needing to rely on traditional centralized exchanges.

Bancor aims to provide efficient and inclusive access to financial services through blockchain technology, facilitating direct and secure token trading.

The protocol’s core technology, Carbon, introduces a decentralized trading system with on-chain limit and range orders, empowering users to set up and execute automated trading strategies, such as “buy low, sell high”.

Once an order is executed, it cannot be reversed, ensuring security against market manipulation, such as MEV sandwich attacks. Moreover, users have complete control over their orders and can adjust them directly on the blockchain.

Bancor's native token, BNT, is used for staking and governance through BancorDAO, where the community members come together to decide on the development and operations of the Bancor ecosystem. BNT also supports liquidity provision and governance within the protocol.