Bancor is a cryptocurrency platform that aims to provide liquidity and convertibility for various digital assets. It utilizes a smart contract protocol known as the Bancor Protocol, which enables tokens to be instantly converted without the need for a traditional exchange. Bancor's core token, BNT, serves as a connector between the other tokens on the network. It also allows users to create their own tokens and establish liquidity pools for them. Additionally, Bancor utilizes a decentralized autonomous organization (DAO) structure to govern the platform.
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