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bancor

Bancor Network Price (BNT)

#236
$0.514950
-0.09%
฿0.00002565
4.71%
Market Cap

The market capitalization of a cryptocurrency is its current price multiplied by its circulating supply (the total number of mined coins).

Market Cap = Current Price x Circulating Supply.
$118.1M
Volume 24h

Volume 24h is referring to the total amount of a cryptocurrency traded in the previous 24 hours.

$13.6M
Circulating Supply

Available supply or circulating supply is the best approximation of coins or tokens in circulation and publicly available.

229,426,288
Total Supply

The total supply of a cryptocurrency is referring to the total amount of coins in circulation or locked minus the removed ones.

Total supply = Onchain Supply - Coins Removed from Circulation
229,426,288
Fully Diluted Valuation

The fully diluted market value is referring to a cryptocurrency's market cap when/if its total supply is issued.

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Bancor Network Price Chart (USD)

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Bancor Network Price Update

Bancor Network price is $0.514950 , down 0.09% in the last 24 hours, and the live market cap is $118.1M . It has a circulating supply volume of 229,426,288 BNT coins and a max. Supply volume of 229,426,288 BNT alongside $118.1M 24h trading volume.
The addresses and transactions of Bancor Network can be explored in https://etherscan.io/token/0x1f573d6fb3f13d689ff844b4ce37794d79a7ff1c and https://ethplorer.io/address/0x1f573d6fb3f13d689ff844b4ce37794d79a7ff1c .
Bancor Network website is https://bancor.network/.

Crypto Calculator

BNT

About Bancor Network

What Is BNT


Launched in 2017, Bancor Network Tokens (BNTs) are smart contract tokens billed by the Bancor Foundation as "Smart Tokens." They are ERC-20 tokens that are stored on the Ethereum blockchain. ERC-20 is the set of standards and protocols for creating and issuing smart contracts and smart contract tokens to be maintained on the Ethereum blockchain. BNT allows investors to trade cryptocurrencies among nearly 10,000 tradings pairs, without an immediately available counter-party to fulfill the trade. 


The token's protocols are designed to execute automated market maker functionality, determining the current floating exchange rate among trading pairs to execute buy and sell orders at market prices. Bancor tokens function as the default reserve currency. The token enables automated, cross-chain crypto swaps by serving as the counter party asset in every pool. The network's first-to-market on-chain liquidity protocol uses a clever set of solutions to allow buy and sell orders to generate instant liquidity for trades, even for micro-cap cryptocurrencies with low daily trading volume. 


This solves the issue known to economists as the "double coincidence of wants problem" in small exchange markets for securities with not-very-many buyers and sellers. It also helps lower the higher trading fees associated with these swaps.


How Does BNT Work


What makes a Bancor Network Token unique is the smart contract app written into it, that allows it to operate as an automated liquidity pool and decentralized exchange network. BNT was the first of the coins in the industry among the "automated market makers" to provide this functionality at scale. Bancor Network Token is heavily used by crypto investors, because of its versatile smart contracts featuring flexible trading protocols, automated liquidity pools, savings on trading fees, and rewards earned by users for staking their Bancor protocol smart tokens. The BNT price per token pushed the decentralized cryptocurrency market to an all-time-high market cap in excess of $1 billion in 2021. It ranked within the top 100 coins by market cap at the time of publication. It has a total, circulating, and max supply of 233,665,321. The network's smart coins move across centralized and decentralized cryptocurrency exchanges in daily trading volumes of millions of dollars. After first launching in 2017, Bancor Network Tokens processed some $1.5 billion in crypto trades by the end of 2019. Crypto investors favor using the network for day trades because it allows traders to instantly convert between Ethereum ERC-20 tokens to execute an order without a counter party buyer or seller.


Our step-by-step guide on how to Buy Bancor Network token will help you get started!


Bancor Network Founders


Bancor Network was originally envisioned in Israel in 2016 by three partners with a background in blockchain, Silicon Valley entrepreneurship, and scaling new ventures. Founders Galia Benartzi, Guy Benartzi, Eyal Hertzog, and Yudi Levi first introduced their smart contract network's protocol in a white paper published in Feb 2017. The chain was launched after the successful completion of an initial coin offering (ICO) in June 2017. In under three hours, the ICO raised Bancor 396,712 Ether (ETH) worth some $153 million at the time of the offering. The Bancor Foundation, which is headquartered in the European blockchain hub of Zug, Switzerland, is responsible for the Bancor Network. The company also runs a research and development office in Tel Aviv, Israel. In 2018 the foundation released a decentralized, non-custodial crypto wallet that automatically converts between tokens with smart contract links to the network, and automatically executes trades in-wallet. In 2019 BNT rewarded users of its tokens with a network upgrade with support for a community staking mechanism. It allows token holders on both Bancor's Ethereum and EOS blockchains to fund any BNT liquidity pool with their smart ETH or EOS tokens to earn a percentage of the pool's trading fees for fulfilling orders.


BNT Supply


BNT has a total circulating supply of 233,665,321. The network token's current circulating supply is also its max supply. With an estimated average exchange price of some $2.69 at the time of publication, BNT coin has a market cap of around $628 million, ranking it among the top 100 cryptocurrencies by market capitalization. Because BNT is an ERC-20 token stored on the Ethereum blockchain, the network's tokens cannot be "mined" the way other cryptocurrencies like Bitcoin (BTC) can. Holders and users of BNT acquire the units of the smart contract currency by trading for it using 


Bancor's own cross-blockchain liquidity protocol, other decentralized exchanges, or "traditional" centralized secondary exchange markets with supporting crypto custody services. Each of the network's tokens is a smart contract embedded within the Ethereum blockchain, that when called upon by a user with the private key, can execute any number of the smart contract functions described above. So it can be used to trade among a wide variety of nearly 10,000 token pairs.

No part of the content we provide constitutes financial advice on coin prices, legal advice, or any other form of advice meant for you to rely on for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyze and verify our content before relying on it. Trading is a highly risky activity that can lead to major losses; please, therefore, consult your financial advisor before making decisions. No content on our site is meant to be a solicitation or offer.

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