Looking for Bancor? Find BNT Price, Exchanges, Reviews, Chart, Historical Data & BNT Marketcap
Bancor (BNT) Ranked 103 in Coin Market Daddy Currencies Index. Bancor (BNT) price is $0.562175. It has a current circulating supply of 69,148,554 BNT and a Marketcap of $19.93M. $2.1M worth of Bancor (BNT) has been traded in the past 24 hours. Bancor (BNT) currency type is token (Ethereum). BNT trading is available in number of exchanges. Exchanges information is updated automatically. Stay tuned to check updated information. If you find any error on this page, please Contact Us to update Bancor (BNT) and contribute to CMD Cryptocurrency Encyclopedia.
The Bancor Protocol is a blockchain-based system for discovery and a liquidity mechanism supporting multiple smart contract platforms. The flexibility of these blockchains allows tokens to be locked in reserve and to issue smart tokens on the Bancor system, enabling anyone to instantly purchase or liquidate the smart token in exchange for any of its reserve tokens.
The BNT is the first smart token on the Bancor system and it will hold a single reserve in Ether. Other smart tokens, by using BNT as one of their reserves, connect to the BNT network. The BNT establishes network dynamics where increased demand for any of the network’s smart tokens increases demand for the common BNT, benefiting all other smart tokens holding it in reserve.