Bancor (BNT) is a platform that enables users to exchange their tokens on their network, without using a counterparty, at a rate which is calculated automatically. The future of tokens generated by the users is here, thanks to liquidity which is built in. Bancor is a new standard for ERC-20 tokens. The smart contract can connect to a network that has liquidity, which in turn allows continuous on-chain liquidity for all the network. This eliminates the need for matching buyers and sellers.