BNT

BancorBNT

Rank #108
Token
On 64,218 watchlists

Bancor Price (BNT)

$3.55
5.40%

0.00006938 BTC0.27%

0.0008144 ETH0.16%

Low:$3.18
High:$3.57
24h
BNT  Bancor BNT
Price:
$3.55
 5.40%
Market Cap
$834,838,705
5.54%
Market Cap / TVL Ratio
0.6001
Fully Diluted Market Cap
$834,838,705
5.40%
Total Value Locked (TVL)
$1,391,056,883
Volume
24h
$63,436,398
23.46%
Volume / Market Cap
0.07599
Circulating Supply
235,030,461.66 BNT
Max Supply
--
Total Supply
235,030,462
Sponsored

Bancor to USD Chart

Loading Data

Please wait, we are loading chart data

BNT Price Live Data

The live Bancor price today is $3.55 USD with a 24-hour trading volume of $63,436,398 USD. We update our BNT to USD price in real-time. Bancor is up 5.40% in the last 24 hours. The current CoinMarketCap ranking is #108, with a live market cap of $834,838,705 USD. It has a circulating supply of 235,030,462 BNT coins and the max. supply is not available.

If you would like to know where to buy Bancor, the top cryptocurrency exchanges for trading in Bancor stock are currently Binance, OKEx, Mandala Exchange, FTX, and Huobi Global. You can find others listed on our crypto exchanges page.

What Is Bancor (BNT)?

Bancor consists of a series of smart contracts that manage the on-chain conversion of tokens. The protocol makes it effortless and quick to convert tokens without having to go through an exchange. The protocol's smart contracts manage the liquidity pools that connect various tokens available in the network.

The major token used on the network is the “Bancor Network Token,” BNT. Currently, Bancor and Uniswap are the frontrunners for this new DeFi trend.

Who Are the Founders of Bancor?

Bancor was founded by Eyal Hertzog, Yudi Levi, and Galia and Guy Benartzi in 2017. It was named "Bancor" to honour John Maynard Keynes, who came up with the word 76 years ago to describe a supranational currency.

Eyal Hertzog is the product architect of the protocol, BNT, and other products that utilize the network. He is a known voice in the crypto industry and has been a technology entrepreneur for over 20 years. He previously founded MetaCafe, a top video sharing site in Israel with over 50 million users.

Guy Benartzi is the chief executive at Bancor. He also co-founded Mytopia in 2005, a company that develops cross-platform games for users on social networks.

Galia Benartzi has been a technology entrepreneur for many years, and is a co-founder of the Bancor protocol. At Bancor, she is the business developer. She is also the CEO and founder of Particle Code.

Yudi Levi is the CTO at Bancor. He has been a technology entrepreneur for over 20 years. He previously co-founded AppCoin, an app that allows communities to create their own currencies.

What Makes Bancor Unique?

Bancor enables the seamless conversion of tokens used in the network. This removes the need for an exchange or third-party platforms. The protocol also maintains several self-governing pools for tokens supported by the network.

The uniqueness of Bancor is in their goal to create liquidity for altcoins and to remunerate liquidity providers. The protocol monotonously converts various crypto tokens into other tokens, including those running on other blockchains, without the interference of a third party.

BNT, the protocol’s main token, is the default for all smart tokens created on the network. Bancor’s creation of smart tokens is the first of its kind to be built via blockchain technology. The protocol’s main objective for creating smart tokens is to provide a lasting solution to liquidity problems, hence making it different from other market makers.

How Many Bancor (BNT) Coins Are In Circulation?

In January, Bancor made a move to provide more liquidity and awareness for its native token. Therefore, it distributed some ETH/BNT valued at $60,000 into various wallets that were holding a required minimum of BNT. In 2017, the protocol raised more than $144M during its initial coin offering.

The protocol allows other tokens to be liquidated as well. However, these tokens (also called reserve tokens) must comply with ERC-20 or EOS standards.

Bancor ecosystem supports a two-way token model: liquid tokens and relay tokens.

A liquid token is an automated token with a single reserve that mints and destroys itself. It does this either by sending the reserve token to its smart contract or removing it from the smart contract. In order to use Bancor Network, a liquid token must have its reserve token either in BNT or a derivative of BNT.

On the other hand, relay tokens are used in staking to provide liquidity. The token holders will get a percentage of the future earnings of Bancor. Relay tokens indicate the proportion of amount staked to the total value in the pool.

How Is The Bancor Network Secured?

The protocol’s smart token allows traders to provide liquidity for the pools available on the network. Anyone can contribute liquidity to the pools.

When liquidity providers contribute liquidity to a pool, they are eligible to receive rewards for trades that pass through the pool. Liquidity providers will receive pool tokens that represent a percentage of their total stake.

How Can You Buy Bancor Network Token (BNT)?

As at the time of this writing, Bancor has facilitated over $2 billion trades involving several tokens, as well as cross-chain tokens. The network has made millions through staking, which are distributed to BNT token stakers. Several exchanges that support BNT include Binance, Coinswitch and ZenGo. You can get more information here on how to buy BNT and other cryptocurrencies.

BNT to USD Converter

converter-coin-logo

BNT

Bancor

converter-coin-logo

USD

United States Dollar

BNT Price Statistics

Bancor Price Today
Bancor Price$3.55
Price Change24h$0.1819
5.40%
24h Low / 24h High
$3.18 /
$3.57
Trading Volume24h$63,436,397.76
23.46%
Volume / Market Cap0.07599
Market Dominance0.04%
Market Rank#108
Total Value Locked (TVL)$1,391,056,883
Bancor Market Cap
Market Cap$834,838,705.05
5.54%
Fully Diluted Market Cap$834,838,705.05
5.40%
Bancor Price Yesterday
Yesterday's Low / High
$3.18 /
$3.55
Yesterday's Open / Close
$3.48 /
$3.53
Yesterday's Change

1.64%

Yesterday's Volume$66,668,759.43
Bancor Price History
7d Low / 7d High
$3.03 /
$4.28
30d Low / 30d High
$2.21 /
$4.97
90d Low / 90d High
$2.21 /
$4.97
52 Week Low / 52 Week High
$0.9227 /
$9.33
All Time High
Jun 19, 2017 (4 years ago)
$23.73
85.03%
All Time Low
Mar 13, 2020 (2 years ago)
$0.1174
2925.19%
Bancor ROI

20.84%

Bancor Supply
Circulating Supply235,030,462 BNT
Total Supply235,030,462 BNT
Max SupplyNo Data