Bancor (BNT)

Bancor Token Profile (PDF)

Bancor is a network that resembles a digital token central bank and provides liquidity for any digital token.  Bancor claims to have solved the "Double Coincidence of Wants" problem, a mismatch between the wants and needs of buyers and sellers at a point in time.  Bancor mitigates this by acting as an automatic, smart-contract "market maker" through "asynchronous price discovery," which matches buyers and sellers through its native token.  The value of this smart token is calculated as a ratio between the current token supply and its reserve balance, which is pre-set at a "Constant Reserve Ratio."