Okay, no one seems to have any fucking clue what Bancor does. Simply because people don't take the time to read anything, and are pissed about the ICO dropping in value.
Here is exactly what Bancor's value prop is:
Bancor is a Coinbase-Bittrex hybrid for alt-coins, ERC20 tokens, and community coins.
That's it. Simple as fucking that. Now here a 3 test cases that barely scratch the surface of this coin's technology.
First is crowdfunding via Bancor. Crowd-funders donate to a project they like and become coin-holders. That way if the funded project is successful the coin-holders share in profits of its success.
This in itself is genius, because traditional crowdfunding sites just take peoples money. Sometimes they'll throw the funders a bone and offering them a shitty "Beta" version product.
Next is ETF's. Specifically users can create tokens that are crypto-portfolios that work exactly like ETF's (So say if you're bullish on decentralized cloud-storage but don't want to buy just Sia. You can create an ETF, a Bancor coin, with 50% Sia, 30% Steemit, 20% BTC) The beauty of this is that any fucking normie user can create a coin like an ETF in a matter of minutes.
Final test case is let's look at a University. A university could create a coin, let's call it Notre Dame coin. This coin could be usable on campus restaurants, the alumni store, to buy sporting events tickets, etc.
Student organizations could then SELL these coins to alumni/parents/students as a reward for DONATING to the student organizations charities.
Thus the University benefits three-fold. The average amount of philanthropic donations goes up, the University can sell merchandise, and finally the University can write-off the cost of anything purchased with a Notre-Dame Coin because the university is technically donating the merchandise to raise money for charity. Win-Win-Win
If crypto is ever going to scale it will be with a protocol like Bancor's