- #453
Bancor Network Token BNT
BNT Price
Market Cap
$90.20 MRank #453FDV
$112.52 MRank #609Investors
Twitter Followers
Twitter Performance
1302Rank by Twitter #545- 0
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- 4000
Detailed Performance
BNT shows Bearish signs against top cryptocurrencies, leading categories and blockchains over various time periods
BNT to USD Converter
Price History
- All-Time High
- $10.8015.47x to ATH
- All-Time Low
- $0.12095.77x to ATL
- Trade Launch Date
- 18 Jun, 2017
2504 days ago
Fundraising
See more- ICO Price
- $3.92
- Funds Raised
- $152.30 M
- Tokens Sold
- 39.55 M BNT
Exchanges
Exchanges type
About BNT
The Bancor Network Token (BNT) is the native token of the Bancor Network. It plays a crucial role in the Bancor Protocol as it is used to provide liquidity to the network's liquidity pools. BNT is used as a reserve currency in these pools, allowing for the seamless and automated conversion of tokens. Additionally, BNT holders can participate in governance decisions and earn rewards through staking their tokens in the Bancor network.
What makes Bancor Network Token unique?
Bancor Network Token (BNT) has several unique features that set it apart from other cryptocurrencies:
1) Decentralized Staking Protocol: Bancor is the only decentralized staking protocol that allows users to earn money with single-token exposure and full protection against impermanent loss. This means that users can stake their BNT and earn a high annual percentage rate (APR) on tokens like ETH, WBTC, LINK, MATIC, AAVE, and more.
2) Network Effects: Staking on Bancor directly increases the demand for BNT. As more liquidity is locked up in Bancor pools, each pool on the network becomes more liquid. This creates a network effect where the value of BNT increases due to increased demand.
3) Community Ownership: Bancor is owned by its community as a decentralized autonomous organization (Bancor DAO). This means that decisions regarding the protocol's development and governance are made collectively by the community, giving users a say in the platform's future.
4) Building Sustainable Liquidity: Bancor helps token projects build sustainable on-chain liquidity without the need for costly incentives. By allowing token holders to deposit in decentralized liquidity pools, Bancor incentivizes long-term participation by providing auto-compounding gains and 100% protection against impermanent loss. This encourages users to stay in pools for extended periods, reducing risk and maintenance.
Overall, Bancor Network Token offers a unique combination of decentralized staking, network effects, community ownership, and sustainable liquidity provision, making it stand out among other cryptocurrencies.
Live Bancor Network Token Price Data
The current price of Bancor Network Token (BNT) is approximately $0.698, reflecting a decrease of -3.50% in the last 24 hours. The BNT trading volume in the last 24 hours stands at $2.11 million. Bancor Network Token's market cap is currently $90.20 million, accounting for about < 0.01% of the total crypto market cap. The circulating supply of BNT is 129.60 million.
For a comprehensive list of exchanges, visit our crypto exchanges page. To understand Bancor Network Token's performance over time, consider exploring its price history and ROI. For in-depth analysis and insights on BNT, check out our crypto insights page.
Official Links
BNT to USD Converter
Price History
- All-Time High
- $10.8015.47x to ATH
- All-Time Low
- $0.12095.77x to ATL
- Trade Launch Date
- 18 Jun, 2017
2504 days ago
Fundraising
See more- ICO Price
- $3.92
- Funds Raised
- $152.30 M
- Tokens Sold
- 39.55 M BNT