Bancor

Bancor wants to encourage consumers to deposit assets into pools in order to automate its automated market maker (AMM) service. Each pool has a reserve of the cryptocurrency BNT as well as a pair of tokens.  A new token is given to the person who puts coins into a pool. The user can access the initial amount they locked in the protocol by using this token, which is referred as as a pool token.  When a token is traded, BNT tokens are utilized ans a intermediary currency.  It's important to know that Bancor permits customers to lock a single token in one of its pools (as opposed to a pair). For instance, on some other AMMs, a user can be required to lock up token pairs in a specific ratio in order to enter the pool.