|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, October 14, 2019 5:00:03AM UTC|
|Current price, USD:||0.338|
|Current price, BTC:||0.0000405|
|Market capitalization, USD:||20 977 346|
|Available supply:||62 107 694 BNT|
|Volume 24 hours, USD:||2 223 059|
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, $|
|Oct 05||0.351||0.344||0.351||21 782 370|
|Oct 06||0.348||0.334||0.348||20 883 633|
|Oct 07||0.334||0.332||0.35||21 757 819|
|Oct 08||0.349||0.346||0.353||21 817 153|
|Oct 09||0.350||0.346||0.364||22 634 909|
|Oct 10||0.365||0.352||0.365||22 199 868|
|Oct 11||0.358||0.339||0.366||21 115 188|
|Oct 12||0.338||0.336||0.342||20 999 080|
|Oct 13||0.337||0.334||0.343||20 838 524|
|Oct 14||0.336||0.336||0.338||20 977 346|
|BNT price change 24 hours||-0.143046%|
|BNT price change 7 days||1.01407%|
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 upside potential for a crypto that is on the wrong side of Top 100. I predict that it will increase in value by at least 15% by the end of the year, so I have allocated 5% of my trading portfolio for this coin.
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.
We publish the most accurate Bancor Forecasts and News including crypto industry experts' opinion on a daily basis