Bancor is a standard protocol, letting everyone create liquid ‘smart tokens’ in an easy way. The latter will help them in calculating their own prices. Also, it will enable the tokens be converted to another token without no need of a second party for the process of exchanging.
Smart tokens help to save the other types of tokens. They can be used token chargers, protocol tokens, project tokens, token baskets, etc. With the help of the smart contracts, anyone can purchase or liquidate smart tokens, the liquidity for any standard token is provided by the Bancor platform.