Background on the patent

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Bancor received two U.S. patents for its CPAMM technology and launched the first CPAMM‑based DEX in 2017
Bancor’s CPAMM patent covers essential structures that enable decentralized, automated on‑chain token swaps without relying on centralized intermediaries or order books
Bancor designed its Constant Product Automated Market Maker (CPAMM) technology in 2016 and subsequently patented it in January 2017

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