Bancor Releases Six Month Update, Seeing Uptick in Adoption

After raising over $150 mln[1] in its token generation event the Bancor[2] ICO has issued[3] its first major update regarding its platform. The announcement includes information regarding adoption of the Bancor Blockchain[4] protocol, along with statistics for how many tokens are now tradable through the Bancor system.

According to Forbes[5], nine different tokens have been activated in the Bancor system and are available through Metamask[6], Mist and Parity.  More than 50 partners have also adopted the platform. More than $500 mln in exchanges of BNT tokens have now occurred on the platform.

Not another Tezos

Following the recent scandal at Tezos, there has been concern about the viability of the ICO model. Tezos is currently embroiled[7] in at least two class action lawsuits, with more potentially coming. Bancor’s announcement indicates that the project isn’t merely vaporware. This is likely reassuring to the investors who made Bancor one of the largest ICOs to date.

So far, Bancor has activated their token, launched their web app, integrated token relay and has now deployed their portable widget to allow users to buy and sell across the Internet. This feature alone protects users and allows them to convert tokens remotely.