Bancor is a decentralized exchange (DEX) protocol that was launched on the Ethereum blockchain. The company announced in September that it was working to port to the EOS network – another high-ranking Ethereum-based platform – and now it appears the moment has arrived.
The new system on EOS, known as BancorX, has officially gone live. BancorX seeks to allow conversions of more than 100 different EOS and Ethereum-backed assets including eosBLACK, BetDice, KARMA and Prochain.
What is BancorX?
As an open-source, cross-chain liquidity protocol, BancorX can be utilized by other exchanges and decentralized applications for free.
Bancor co-founder and head of business development Galia Benartzi commented:
We are thrilled to have completed the Bancor Network’s expansion onto EOS, as well as the cross-chain liquidity bridge that connects EOS and Ethereum-based assets. The ability to easily convert assets cross-chain points to a future in which token projects and users are empowered…