|Brief||Bancor is a decentralized liquidity network allowing every integrated token to be instantly converted for any other. The Bancor Network provides an on-chain, fully decentralized solution for conversions between tokens in the network.|
|Last updated:||Monday, August 19, 2019 4:00:03PM UTC|
|Current price, USD:||0.410|
|Current price, BTC:||0.0000384|
|Market capitalization, USD:||25 790 412|
|Available supply:||62 852 355 BNT|
|Volume 24 hours, USD:||406 928|
General BNT facts, technical details and general information about Bancor crypto currency
Bancor is a decentralized liquidity network allowing every integrated token to be instantly converted for any other. The Bancor Network provides an on-chain, fully decentralized solution for conversions between tokens in the network, through a low-cost, autonomous and adjustable liquidity mechanism.
BNT is the hub token that connects all tokens in the Bancor Network, allowing them to be easily convertible to each other thanks to their liquidity to BNT. BNT holds a connector balance in ETH, making all the network's tokens convertible to and from ETH, as well as any other token in the network.
The Bancor Protocol standardizes a new type of token that is natively liquid. These "Smart Tokens" are ERC20 compliant, and hold one or more connector token balances in their smart contracts. Smart Tokens can be bought and sold for any of their connector tokens, and can issue new units when purchased while destroying units that are sold. By holding a shared connector token balance in BNT, Smart Tokens in the Bancor Network are all purchasable and sellable for each other. These conversions happen directly through the Smart Token contracts, at continuously calculated rates, without needing to match buyers and sellers as in traditional or even decentralized exchanges.
We list daily Bancor historical data for the past 10 days
|Date||Open, $||Min, $||Max, $||Market cap, $|
|Aug 10||0.445||0.431||0.449||27 662 663|
|Aug 11||0.439||0.439||0.455||28 675 928|
|Aug 12||0.455||0.444||0.455||28 035 268|
|Aug 13||0.445||0.428||0.445||27 154 063|
|Aug 14||0.433||0.387||0.433||24 678 082|
|Aug 15||0.386||0.375||0.392||24 668 414|
|Aug 16||0.390||0.379||0.391||24 156 189|
|Aug 17||0.385||0.38||0.386||24 112 462|
|Aug 18||0.385||0.382||0.405||25 210 137|
|Aug 19||0.400||0.399||0.412||25 790 412|
|BNT price change 24 hours||2.24301%|
|BNT price change 7 days||-8.06275%|
If you look at the situation in the time interval, then the bancor tokens have a huge advantage over many others, when there will be a massive cleaning of under-projects with their tokens on the market, then the bancor will remain in place and will only strengthen its position as a working and developing project that will only give strength and value bnt.
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