It’s quite hard to talk about the Bancor investment opportunity without mentioning how well the success of their ICO went with an emphatic note on how they raised over $153 million in less than 3 hours. Their success drove the entire cryptocurrency community into a frenzy – a good one at that, it was like a hopeful ray of light emerged and that people were finally beginning to appreciate the blockchain industry.
Their business revolves around making tokenized asset creation and liquidation through the design of a smart protocol, its production and execution made possible and you might add with ease. They eventually have made the first steps to lowering entry barrier into creating smart tokens which are programmable codes that are executed per developer’s requests.
The network prides itself as the newer version of ERC-20 standard whose network makes it a lot easier to connect to a ready pool of tokens and cryptocurrency liquidity based on its thorough mathematical algorithm employed for a continuous flow of on-chain transactions.
The project has its own trade platform where other cryptocurrencies are being traded and token inter-trade can be conducted. You can conveniently buy Bancor tokens (BNT) directly from here which is a lot easier and the transactions are established through a multifaceted currency trade platform.
Other alternatives could include 13 other exchange platforms where the currency can also be bought. The major currencies that the BNT token is being paired with (outside their trade network) are BTC, ETH, USDT, USD, and WAVES; a few other new coins which are coming up can be used to trade for the asset too. But it would seem that at the time of this writing, ETH has more trade volumes compared to the others.
Finally, once you have obtained the coin, you might be wondering how to store the asset you will need an ERC-20 compatible wallet such as myetherwallet, metamask or any other third party app that can store it. Another option you might consider would be to use hardware wallets like the Ledger Nano and Trezor wallets.