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Bancor Network TokenBNT
Bancor Network Token (BNT)
Bancor Network Token Conversion Calculator
Bancor Network Token To USD
What is Bancor Network Token?
The Bancor Protocol comprises a complex network of smart contracts known as liquidity pools which are engineered to pool on-chain liquidity and perform algorithmic token trades.
What makes Bancor distinct from many other decentralized and centralized exchanges on the market is the liquidity on Bancor comes from thousands of unaffiliated users, who each get a share of Bancor’s trading fees, rather than the liquidity stemming from a tiny group of professional market-makers. This decentralization is possible because adding liquidity on Bancor does not require permission, meaning that no major party can block or control the process on their own. Since Bancor does not require approval, usage is made easy for everyday users as they can add liquidity and earn fees in just a few clicks.
Every liquidity pool on Bancor holds the Bankor Network Token, or BNT, in its reserves, along with the paired token receiving liquidity. BNT functions as an intermediary value, connecting different pools in the network and across blockchains. A trade from DAI to the Basic Attention Token, for example, will follow this conversion path: DAI to BNT, BNT to Basic Attention Token.
Bancor traders are not required to hold BNT, but users generating a liquidity pool on Bancor or providing liquidity to a pool already existing are necessary to keep BNT. Users create or stake in a Bancor pool through equal ERC20 token + BNT or EOS token + BNT. To provide liquidity to the DAI/BNT pool, for example, users must do so in equal parts DAI + BNT.
The benefits to using a protocol token like BNT in a network of liquidity pools include increased demand for BNT as a result of staking on the Bankor platform, earned rewards through staking, voting rights for BNT holders, and efficient cross-chain conversions.
Bancor Network Token Market Price Ticker Chart
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Bancor Network Token Frequenty Asked Questions
Where does Bancor Network Token (BNT) rank among in terms of popularity? How relevant is it compared to competitors?
In terms of popularity, Bancor Network Token currently ranks in position 90 out of the top 1000 cryptocurrencies. Another important factor in popularity is Bancor Network Token‘s market capitalization – in general, the higher the market cap of a cryptocurrency, the more dominant it is considered to be in the market. Bancor Network Token has a market cap of $ 586,356,871, which compares to Bitcoin (the most popular cryptocurrency by several metrics) with a market cap of $ 903,823,678,752, Litecoin at $ 11,418,344,339, Ethereum at $ 174,888,897,171, Tether at $ 35,125,839,524, and XRP at $ 19,908,089,400.
What is the price of Bancor Network Token (BNT) today (updated in realtime)?
The current price of Bancor Network Token is $ 5.21 in USD. (The price in Euros is 4,32 €; and the price in Bitcoin is Ƀ 0.00010700 BTC.)
How has Bancor Network Token (BNT) performed recently?
Bancor Network Token‘s price has increased in the last 24 hours by 11.23%. The change in price over the last seven days was -20.82%. The trading volume over the last 24 hours was $ 286,042,653. Trading volume indicates how many units of a currency are being bought and sold on specific exchanges. High trading volumes are likely to drive more on-chain activity, for example when people deposit and withdraw funds, and it is considered a good indicator of popular interest in the currency.
What is Bancor Network Token‘s (BNT) market supply?
The total circulating (available) supply of Bancor Network Token is 112,549,274 BNT. The total supply of Bancor Network Token is 141,577,316 BNT.
What is the 24 hour volume for Bancor Network Token (BNT)?
The 24 hour volume of Bancor Network Token is $ 286,042,653.
What is Bancor Network Token (BNT) official website?
Bancor Network Token‘s official website, social accounts, blockchain explorer, and Github repository if applicable.
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