What is Bancor?
The Bancor project is a decentralized liquidity network. By implementing its unique Pricing algorithm, the network allows the creation of a token economy where every token is interchangeable. The network achieves this by utilizing the power of Ethereum smart contracts and a concept called Smart tokens. The Smart tokens use an ERC20 standard with additional logic allowing them to be bought and sold directly through their smart contracts. Buying Smart tokens for one, and selling them for other tokens at mathematically programmed prices comprises the core of the Bancor network. Smart tokens are decentralized and automated non-profit market makers, producing constant liquidity. The BNT (Bancor network token) is the first Smart token launched on Bancor. It acts as a hub token, interconnecting all other network tokens.
|Market Name||Traded On||Average Price||24h Volume|
|BNT/USDT||HitBTC, Liqui, Poloniex, OKEx||1.08 USDT||$170,898|
|BNT/BTC||Binance, Bittrex, upBit, Poloniex, Liqui, HitBTC, OKEx, Bitfinex||0.00019068 BTC||$111,316|
|BNT/ETH||Binance, Liqui, Bittrex, upBit, Poloniex, Gate.io, HitBTC, IDEX, Bitfinex, OKEx||0.00596527 ETH||$34,919|
Fundamental Cryptocurrency Data
|Circulating supply||64,973,040 BNT|
|Trading volume of all markets for this coin||$320,282|
|Bancor BNT Prices||
0.00 XAU (= 0.00) grams GOLD
0.08 XAG (= 2.27) grams SILVER
|Marketcap|| 12,389 BTC|
1,622.74 kg gold
137,781.75 kg silver