The Pundits Were Wrong, Bancor Solves A Big Problem, and is Scaling Rapidly

Bancor hit the market with a splash in June, 2017, when it raised a (then) record $150 million in an ICO.

At it’s core, Bancor is a set of formulas that solves the liquidity problems faced by most tokens. Bancor works by creating a token that is connected to shared liquidity pools on the blockchain. The way the math works, the formulas are essentially hard coded two way price elasticity of demand functions. If it sounds complex, it is because it is complex, but so are many algorithms.

There’s been a lot written about Bancor, most of which has been negative. The most notable negative story was Emin Gün Sirer’s “Bancor is Flawed”, which was a 29 point takedown of Bancor. While Bancor Product Architect Eyal Hertzog penned a well written response to each of the Emion’s 29 points, I found it odd that not one of Emin’s 29 points directly addressed the set of formulas that power Bancor, which is really the only thing that matters (IMHO).

Now it appears that the tide of public sentiment for Bancor is turning, as the market focus shifts from hypotheticals, to what is actually happening. Last week, Coindesk featured the article “Bancor Bounce Back?” which highlighted that Bancor’s volume rose from “…$3 million per week in November to $37 million per week in January”.

Below I look at some additional data which speaks to the rate at which the Bancor platform is scaling.

https://medium.com/crypto-oracle/the-pundits-were-wrong-bancor-solves-a-big-problem-and-is-scaling-rapidly-38a696c9e211

I got a record investment project. Although he made a deal with too much coin, he could not increase his price.

Clearly undervalued coin. The website is looking good and useful but not too many people use the platform. I don't know why. Bancor needs more recognition.

I just found out about Bancor. I studied the information and liked the platform very much. The only drawback of Bancor is small trading volumes. How does the team plan to correct this shortcoming?