Bancor announces major updates including airdrop of ETH reserves and new inflationary model

Bancor ($BNT) announced a handful of major updates including an airdrop of it's entire Ethereum ($ETH) reserve, an inflationary model where BNT holders will vote on the rate of inflation as well as recipients, and a Bancor Foundation Grants Program to fund developers and startups building on the platform. The initial grants will be distributed by the Foundation with future grants being voted on by BNT holders. Funding areas will be focused on four key areas: decentralized liquidity, community currencies, mass consumer adoption and oracles.