The Pomp Podcast
Eyal Hertzog, Co-founder and Product Architect at Bancor: The Coming Changes to Bancor
- Eyal Hertzog's early career building consumer platforms (Contacts.com, MetaCafe) and his entry into cryptocurrency in May 2011 after discovering Bitcoin at $6.
- Bancor protocol's architecture: a liquidity network using smart contracts with token reserves to guarantee continuous liquidity for any asset pair regardless of trading volume.
- Bancor's $153 million ICO in June 2017 and the team's advantage as consumer software developers rather than pure technologists targeting mainstream adoption.
- New governance model making BNT an inflationary token with default zero inflation, controlled by community voting using weighted median mechanism to decide inflation levels and liquidity pool support.
- Creator.eco platform launch enabling anyone to issue free tokens for their audience, with tiered perks based on token holdings rather than monthly subscription fees.
- Expansion to multi-blockchain liquidity (EOS, other chains) and introduction of USDB, a BNT-collateralized stablecoin similar to DAI.