The Bancor Protocol Foundation was established in 2017 in order to promote the development and adoption of the Bancor Protocol, a standard for the creation of intrinsically tradable tokens. Smart Tokens benefit from network effect and enable the long-tail of user-generated tokens, democratizing value creation. The Bancor Protocol is made possible by advancements in Blockchain technology and smart-contracts, beginning with Ethereum. The Protocol is named in honor of economist John Maynard Keynes who proposed a similar structure for the standardization of International finance after World War II.
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