The current price of Bancor is $0.67250. Since 00:00 UTC, Bancor has decreased by -0.75%. It currently has a circulating supply of 119,429,390 BNT and a maximum supply of 119,429,390 BNT, giving it a fully diluted market cap of $80.54M. At present, the Bancor coin holds the 220 position in market cap rankings. The Bancor/USD price is updated in real-time.
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In the world of cryptocurrencies, some individuals may choose to explore beyond the well-known cryptocurrencies and focus on altcoins. While smaller cryptocurrencies have significant growth potential, they often face challenges such as limited support and liquidity. To tackle these challenges, projects have emerged to offer solutions that aim to address these issues and support smaller cryptocurrencies in the market. One such project is Bancor.
What is Bancor
Bancor is a decentralized ecosystem that provides liquidity for small market value tokens. It has built-in tradable ERC-20 tokens that act as reserves. New tokens are issued using smart contracts in exchange for the reserve ERC-20 tokens.
Essentially, the project acts as an ecosystem of decentralized, open-source protocols that promote on-chain liquidity and trading.
The Bancor team
Bancor was co-founded by Galia and Guy Benartzi in 2017. The project gained significant attention and support during its token sale, raising an impressive $153 million. Notably, prominent investor Tim Draper, a partner at Draper Fisher Jurvetson (DFJ), participated in the token sale. Bancor garnered significant interest from over 11,000 investors, making it one of the largest token sales of 2017.
How does Bancor work
Bancor uses its decentralized trading protocol, Carbon, to enable users to execute automated trading strategies. By leveraging custom on-chain limit and range orders, users have the flexibility to combine and create various buy-low-sell-high strategies that are executed automatically.
Carbon orders are designed to be irreversible once executed, providing a reliable trading experience. Additionally, they are easily adjustable and resistant to MEV sandwich attacks, enhancing the security and integrity of the trading process.
Bancor’s native token: BNT
Launched in June 2017, BNT is Bancor’s ERC-20 native cryptocurrency. BNT does not have a maximum supply. Its total supply currently sits at 161.19 million, while its circulating supply is 153.03 million as of June 2023.
BNT token use cases
In addition to powering the platform, BNT has multiple use cases within the Bancor ecosystem. It serves as a medium for trading and staking, providing users with opportunities to engage in these activities. Furthermore, BNT acts as a governance token, granting token holders the ability to actively participate in the decision-making process and shape the future direction of the project.
Distribution of BNT
BNT is distributed as follows:
50 percent was issued to contributors of the fundraiser.
20 percent was allocated to partnerships, public bounties, and community grants.
20 percent went to the Bancor Foundation’s long-term operating budget.
10 percent was kept by the founders, team members, advisors, and early contributors.
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Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 382 new posts about Bancor, driven by 89 contributors, and total online engagement reached 8.3K social interactions. The sentiment score for Bancor currently stands at 80%. Compared to all cryptocurrencies, post volume for Bancor currently ranks at 5437. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Bancor.
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Posts
382
Contributors
89
Interactions
8,279
Sentiment
80%
Volume rank
#5437
X
Posts
323
Interactions
7,257
Sentiment
85%
BNT FAQ
How much is Bancor worth today?
Currently, one Bancor is worth $0.67250. For answers and insight into Bancor's price action, you're in the right place. Explore the latest Bancor charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as Bancor, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Bancor have been created as well.
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