|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 10, 2020 8:00:02AM UTC|
|Crypto Volatility Index (CVIX):||82|
|Current price, USD:||2.45|
|Market capitalization, USD:||169 716 652|
|Available supply:||69 148 529 BNT|
|Volume 24 hours, USD:||95 619 071|
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 01||1.66||1.59||1.78||120 920 061|
|Aug 02||1.76||1.76||1.97||128 958 517|
|Aug 03||1.84||1.84||2.07||132 168 552|
|Aug 04||1.94||1.91||2.00||137 122 210|
|Aug 05||1.98||1.98||2.38||162 441 720|
|Aug 06||2.45||2.45||2.68||175 887 466|
|Aug 07||2.52||2.31||2.52||164 362 598|
|Aug 08||2.39||2.39||2.72||179 997 831|
|Aug 09||2.62||2.43||2.62||171 751 751|
|Aug 10||2.47||2.40||2.48||169 716 652|
|BNT price change 24 hours||-3.78%|
|BNT price change 7 days||23.70%|
I never trade a cryptocurrency that has more than 51% of its volume concentrated on a single exchange. That is why I chose to stay away from BNT, even though it has some nice idea behind it, and the team is competent and determined. But more than...
0Horizon March 16, 2020 BNT
Bancor is one of those altcoins that burned its holders mercilessly in 2018 when the infamous crypto winter was in full swing. Presently, it is priced at around $0.24, which is 98% lower than its all-time high of $10.3. I am so relieved that I got...
LTCational January 25, 2020 BNT
This week, Bancor has followed in the footsteps of Bitcoin and pushed away from the previous resistance to begin the gradual trip to the upside. The coin had three significant price spikes which were followed by a consolidation that lasted for a day...
Tifozzio December 2, 2019 BNT
Bancor (BNT) has good fundamentals which are based around the marketplace that grants extra liquidity to various digital assets. Although Bancor's ROI hasn't been particularly impressive, in fact, it's -90,72% as of now, this coin has a lot of...
Altman September 19, 2019 BNT
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...
Lexx February 1, 2019 BNT
We publish the most accurate Bancor Forecasts and News including crypto industry experts' opinion on a daily basis