Bancor

Bancor is a decentralized liquidity protocol for token swaps. It cannot be mined. Bancor is currently worth $ 0.51 per coin.

Bancor

Last updated 7 hours ago
Price per BNT in USD $ 0.51302578112112
Price per BNT in Bitcoin 0
Volume over the last 24 hours $ 4,057,446
Market cap in USD $ 60,563,272
Change in % over the last hour 0.58581096
Change in % over the last 24 hours -3.4908238
Change in % over the last 7 days 0.77151196

BNT specifications

Name Bancor
Symbol BNT
Minable No
Algorithm N/A
Prooftype N/A
Total coin supply 79323978
Premine: N/A

Coin description

Bancor is a decentralized liquidity protocol that enables automated token conversions without relying on order books or counterparties. It operates on the Ethereum blockchain and uses its native token, BNT, as a connector between different tokens. Bancor's goal is to provide continuous liquidity for tokens, even those with low trading volumes.

Bancor Liquidity Solutions

Bancor's protocol uses smart contracts to create liquidity pools, allowing users to trade tokens directly from their wallets. This eliminates the need for centralized exchanges and reduces slippage. For example, projects launching new tokens can integrate with Bancor to ensure liquidity from day one, fostering a more inclusive DeFi ecosystem.

One of Bancor's innovations is its focus on impermanent loss protection. By adjusting fees dynamically based on market conditions, Bancor incentivizes liquidity providers while mitigating risks. Keywords like Bancor liquidity protocol and automated token swaps are closely tied to this project.

Bancor price history