Smart Token™ Use Cases
Smart Tokens™ provide a simple and powerful building block for implementing new types of monetary models, applications, value networks such as local currencies, project tokens, decentralized index funds and much more.
Token Changers
Token changers are Smart Tokens™ that can be used to exchange between other standard ERC20 tokens that are held in their reserve.

When the calculated exchange prices drift from market prices in external exchanges, arbitrageurs are incentivized to restore economic equilibrium, keeping prices in sync with the outside world.
ETFs (Token Baskets)
Token baskets are Smart Tokens™ that hold multiple standard ERC20 tokens in their reserve, enabling holding a portfolio of tokens by holding a single Smart Token™.

When the calculated reserve prices drift from market prices in external exchanges, arbitrageurs are incentivized to restore economic equilibrium, keeping prices in sync with the outside world.
Project and Protocol Tokens
The crowdfunding space has been growing rapidly. Smart Tokens™ can be used for crypto-crowdfunding initiatives, where participants receive tokens which are liquid and automatically market-priced.
Complementary Currencies
Smart Tokens™ enable anyone to issue new, liquid currencies for their group. There are many examples of user-generated currencies, such as complementary currencies, loyalty points, B2B barter, and more recently, blockchain protocol tokens.

All of these use-cases can benefit from liquidity and asynchronous price discovery with the Bancor protocol.
Anyone Can Create a Token and Launch a Crowdsale
The Bancor Bot allows anyone to create their own Smart Token™ (Project/Protocol Tokens, ETF, Token Changer or Complementary Currency) and initiate multiple types of crowdsales without any technical knowledge by simply answering a few questions.

Supported Bots: Facebook Messenger, Telegram, WeChat & Status.IM