they would create a platform that would give liquidity to any coin, no matter how small. They called this new project Bancor. Any currency that joins the Bancor network would have to hold a small balance of a reserve currency in its smart contract, and that reserve currency would be used to trade between any other token. There was a lot of debate among the team about whether they should make the reserve currency be ether, or if they should create a specific token with that purpose. They decided to create a platform-specific token called BNT so that, over time, many blockchains, not just
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