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Bancor Network Token (bnt) Live chart

Rank Name Price 24h Change Total Supply Circulating
89
BNT
Bancor Network Token logo Bancor Network Token BNT
$ 5.64 + 4.65% 140 257 610 112 549 274 Trade!

Bancor Network Token (bnt)

Bancor is a blockchain protocol that allows users to convert between different tokens directly as opposed to exchanging them on cryptocurrency markets. The project offers a network, which we’ll discuss soon, that works to bring liquidity to the majority of tokens that lack a consistent supply/demand in exchanges. That network is built on smart contracts and a new class of cryptocurrencies that the team calls “Smart Tokens.” Bancor is looking to provide support to the illiquidity that currently exists within the cryptocurrency market. Illiquidity isn’t so much an issue for top coins like Bitcoin or Ethereum because there are always buyers and sellers looking to exchange those coins. It is definitely an issue, however, for the thousands of other tokens that may serve legitimate decentralized purposes but haven’t attracted enough attention in the market to be liquid. Bancor’s protocol uses smart contracts to create Smart Tokens, which serve as an alternative mechanism for trading. A key characteristic of the protocol is that it doesn’t call for an exchange of tokens with a second party, as in the case of cryptocurrency exchanges. Rather, it employs Smart Tokens to convert between different ERC-20 tokens internally. These conversions take place through the blockchain’s protocol and completely outside of cryptocurrency exchanges. Smart Tokens process token conversions internally by holding reserves of other ERC20 tokens within their Smart Contract. They can then convert back and forth between those reserves as users request it. The Bancor team consists of a core Foundation Council and their Advisory Board. The Foundation Council includes four individuals based out of Zug, Switzerland. Bernard Lietaer is a Belgian civil engineer, economist, author, and professor. Lietaer specialized in monetary systems and promotes the notion of communities creating their own local currencies. Guy Benartzi serves as co-founder and is recognized for founding the gaming company, Mytopia. Benartzi also co-founded Particle Code, a development studio based in Tel Aviv, Israel. Guido Schmitz-Krummacher is an executive of the Bancor Protocol foundation that’s involved with a variety of commercial entrepreneurial ventures in Switzerland. His involvement in the crypto space includes that of Bancor as well as an executive position in crowdfunding network, Tezos (XTZ). One of the key elements of the Bancor Network is the automated pricing. This comes from the Smart Tokens’ built-in automated market makers. These automated market makers mean that the tokens’ smart contracts always buy or sell Smart Tokens from or to any user in exchange for any connector token (as well as any token found in the network). The price comes from the Bancor Formula. This formula that is responsible for balancing a Smart Token’s demand and supply while also maintaining the ratio between the token’s total value with the connector token balances. The creator of the Smart Token configures these ratios, known as the connector weight. The creator can adjust them with the goal of decreasing or increasing the liquidity level of the token. The connector weight indicates price sensitivity, or how much sells and buys affect the price movement. Any time the prices no longer syncs with prices listed on external exchanges, the arbitrageurs will quickly balance the gaps."

Market pairs

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Rank Pair Name Volume (24h)
1 LINK / BNT Bancor Network $ 24 074 663 512.69 Trade!
2 ETH / BNT Bancor Network $ 655 026 570.01 Trade!
3 WBTC / BNT Bancor Network $ 5 524 585.88 Trade!
4 USDT / BNT Bancor Network $ 568 057 858 260.39 Trade!
5 SNX / BNT Bancor Network $ 5 374 554 204.31 Trade!
6 REN / BNT Bancor Network $ 119 858 038 378.70 Trade!
7 BNT / EUR Coinbase Pro $ 17 780 946 346.28 Trade!
8 BNT / BTC HitBTC $ 90 852 518 675.52 Trade!
9 BNT / USDT OKEx $ 140 089 857 470.84 Trade!
10 BNT / USDT Huobi Global $ 27 980 962 609.84 Trade!
11 BNT / BTC OKEx $ 102 815 768 652.17 Trade!
12 VBNT / BNT Bancor Network $ 21 776 332 433.14 Trade!
13 ENJ / BNT Bancor Network $ 6 486 183 112.22 Trade!
14 BNT / BUSD Binance $ 10 161 492 491.62 Trade!
15 BAT / BNT Bancor Network $ 4 930 183 012.81 Trade!
16 BNT / USD P2PB2B $ 3 708 804 086.37 Trade!
17 RPL / BNT Bancor Network $ 423 943 679.78 Trade!
18 JRT / BNT Bancor Network $ 32 609 981 942.80 Trade!
19 BNT / ETH LATOKEN $ 3 959 977 674.60 Trade!
20 MKR / BNT Bancor Network $ 364 534.20 Trade!
21 ANT / BNT Bancor Network $ 18 400 472.04 Trade!
22 BNT / BTC Huobi Global $ 1 455 017 306.47 Trade!
23 BNT / BTC AAX $ 4 166 493 579.30 Trade!
24 BNT / USDT Hoo.com $ 7 110 034 360.04 Trade!
25 MANA / BNT Bancor Network $ 6 784 148 522.02 Trade!
26 NMR / BNT Bancor Network $ 23 026 570.23 Trade!
27 GNO / BNT Bancor Network $ 1 495 520.25 Trade!
28 MRPH / BNT Bancor Network $ 1 294 021 063.72 Trade!
29 MDT / BNT Bancor Network $ 4 174 168 923.26 Trade!
30 RCN / BNT Bancor Network $ 8 189 240 171.59 Trade!
31 BNT / ETH P2PB2B $ 390 643 968.23 Trade!
32 TKN / BNT Bancor Network $ 1 515 565 725.76 Trade!
33 REM / BNT Bancor Network $ 26 365 260 427.33 Trade!
34 EURS / BNT Bancor Network $ 605 405 844.24 Trade!
35 AMPL / BNT Bancor Network $ 382 114 534.13 Trade!
36 MAD / BNT Bancor Network $ 4 789 260 121.52 Trade!
37 MTL / BNT Bancor Network $ 200 179 230.53 Trade!
38 DATA / BNT Bancor Network $ 12 107 523 040.61 Trade!
39 MFG / BNT Bancor Network $ 6 601 848 318.55 Trade!
40 CHERRY / BNT Bancor Network $ 4 957 385.60 Trade!
41 RVT / BNT Bancor Network $ 196 560 339.04 Trade!
42 REAL / BNT Bancor Network $ 7 684 749.85 Trade!
43 ABX / BNT Bancor Network $ 4 207 562 141.88 Trade!
44 SRN / BNT Bancor Network $ 807 558 114.24 Trade!
45 MYB / BNT Bancor Network $ 185 468 955 577.16 Trade!
46 SAN / BNT Bancor Network $ 517 580 574.12 Trade!
47 VIB / BNT Bancor Network $ 1 568 812 868.39 Trade!
48 AGRI / BNT Bancor Network $ 2 935 694 048.14 Trade!
49 LDC / BNT Bancor Network $ 1 998 328 416 501.33 Trade!
50 CEEK / BNT Bancor Network $ 500 877 042.24 Trade!
51 ALEPH / BNT Bancor Network $ 588 018 406.76 Trade!
52 AMN / BNT Bancor Network $ 82 987 229 531.58 Trade!
53 XBP / BNT Bancor Network $ 47 473 402 263.36 Trade!
54 PLR / BNT Bancor Network $ 585 440 866.07 Trade!
55 UP / BNT Bancor Network $ 41 830 409 895.66 Trade!
56 XNK / BNT Bancor Network $ 14 027 197 692.93 Trade!
57 VEE / BNT Bancor Network $ 33 181 314 436.58 Trade!
58 ICHI / BNT Bancor Network $ 27 502 696.32 Trade!
59 X8X / BNT Bancor Network $ 4 957 385 600.00 Trade!
60 WAND / BNT Bancor Network $ 553 946 156.43 Trade!
61 FTX / BNT Bancor Network $ 9 914 771 200.00 Trade!
62 ELF / BNT Bancor Network $ 484 741 046.21 Trade!
63 USDB / BNT Bancor Network $ 37 923 999.84 Trade!
64 SNT / BNT Bancor Network $ 120 836.27 Trade!
65 TNS / BNT Bancor Network $ 4 911 400 267.16 Trade!
66 ZINC / BNT Bancor Network $ 3 255 113 540.42 Trade!
67 DAI / BNT Bancor Network $ 2 394 480.25 Trade!
68 INVOX / BNT Bancor Network $ 9 714 938 986.46 Trade!
69 HEDG / BNT Bancor Network $ 29 219 326.46 Trade!
70 GRID / BNT Bancor Network $ 217 277 847.47 Trade!
71 XRT / BNT Bancor Network $ 849 736.68 Trade!
72 POWR / BNT Bancor Network $ 13 903 637.33 Trade!
73 MFT / BNT Bancor Network $ 619 490 298.51 Trade!
74 DGD / BNT Bancor Network $ 0.00 Trade!
75 PBTC / BNT Bancor Network $ 191.92 Trade!
76 DRGN / BNT Bancor Network $ 49 140 084.76 Trade!
77 BNT / USDT VCC Exchange $ 105 654 783 278.90 Trade!
78 DTRC / BNT Bancor Network $ 48 106 830 333.99 Trade!
79 SPD / BNT Bancor Network $ 35 161 604 731.44 Trade!
80 COT / BNT Bancor Network $ 240 783 314 820.81 Trade!
81 SVD / BNT Bancor Network $ 247 869 280 000.00 Trade!
82 CAT / BNT Bancor Network $ 0.60 Trade!
83 STAC / BNT Bancor Network $ 130 483 076 983.58 Trade!
84 FLIXX / BNT Bancor Network $ 2 749 545 140.05 Trade!
85 ANK / BNT Bancor Network $ 391 239 507 108.94 Trade!
86 ZIPT / BNT Bancor Network $ 28 247 082 630.33 Trade!
87 KIN / BNT Bancor Network $ 982 922 427 195.66 Trade!
88 TBX / BNT Bancor Network $ 586 107 626.62 Trade!
89 WINGS / BNT Bancor Network $ 45 258 018.06 Trade!
90 BNT / TUSD Dove Wallet $ 11 601.78 Trade!
91 ONG / BNT Bancor Network $ 62 697.11 Trade!
92 BNT / BTC CoinBene $ 974 872 868 426.83 Trade!
93 BNT / USD HitBTC $ 13 131 896 329.43 Trade!
94 BNT / BTC Coinbase Pro $ 19 575 823 404.99 Trade!
95 BNT / GBP Coinbase Pro $ 19 975 144 089.92 Trade!
96 BNT / USDT BitZ $ 60 525 469 355.63 Trade!
97 BNT / USDT P2PB2B $ 5 292 552 953.20 Trade!
98 BNT / ETH Binance $ 6 187 556 201.26 Trade!
99 BNT / USDT LBank $ 17 054 816 344.46 Trade!
100 BNT / ETH Gate.io $ 144 453 312.15 Trade!