Bancor Network Logo

Bancor Network BNT

Bancor Network header image

1. Summary

Ranks

Liquidity
Developer
Social
Momentum (beta)
Stack Rank™
Price
52W High price $4.79
52W High date 7th Sep 2021 (9 months ago)
All Time High (ATH) Date 9th Jan 2018 (4 years ago)
ATH Price $10.72
% From ATH -95.35%
All Time Low (ATL) Date 13th Mar 2020 (2 years ago)
ATL Price $0.12
% From ATL 312.23%
Supply & Trading Volume
Trading Volume (24h) $15.86M
Total Supply 229.12M
Max Supply 229.06M
Circulating Supply 229.12M
Description

Bancor is a software with the intention of incentivizing users to lock crypto assets in pools, in exchange for a share of the fees that are paid when they are bought as well as sold by traders.

Bancor is a software with the intention of incentivizing users to lock crypto assets in pools, in exchange for a share of the fees that are paid when they are bought as well as sold by traders.

In other words, it attempts to facilitate the operation of an Automated Market Maker (AMM), which is a mechanism that is designed to provide liquidity to markets, without requiring a financial institution to manage it.

AMMs like Bancor aim to make crypto-asset markets liquid by offering incentives for users to create as well as maintain pools of the assets.

Here’s how it works, whenever a trade is made on the platform, the tokens are converted into BNT. The liquidity providers that deposited the assets, generate a return from their funds as a percentage of the fees that have been paid by the traders. Bancor is built to provide this on EOSIO and Ethereum.

The BNT Token Explained

At the heart of this network, you have the BNT token, which is a hub that connects all of the other tokens together. USDB is the stable version of BNT and is an alternative resource currency on the Bancor Network.

The BTN tokens are used as this intermediary currency when a token is traded.

Features of Bancor

In order to automate this AMM service, Bancor incentivizes users to deposit their assets into pools.

Every pool consists of a pair of tokens, as well as a reserve of BNT cryptocurrency. When a user ends up depositing coins within a pool, they will in turn receive a new token. This token is what is known as a pool token, which allows the user to retrieve their original amount which the user has locked in the protocol.

The Bancor Network Smart Contracts manage the conversion flow between the tokens, as well as the administrative access to different liquidity pools.

Every liquidity pool on the Bancor Network aggregates the liquidity for a discrete set of tokens on the network, and anyone can provide liquidity to a pool and receive conversion fees from trades that pass through the pool itself. The liquidity providers can receive tokens that are proportional to their share of assets in the pool.

Every pool though is managed by a ConverterBase contract, and the liquidity providers can create new instances of the converter contract to create new liquidity pools.

Founders of Bancor (BNT)

There are three people that founded Bancor in 2017. First, we have Eyal Hertzog, which is the product architect of BNT and has worked on other products that utilize the network. He has been a technology entrepreneur for over two decades and has worked on MetaCafe in the past.

Then we have Guy Benartzi, which is the CEO of Bancor, and also co-founded Mytopia which is a company that specializes in the development of cross-platform games.

Then we have Galia Benartzi, who has been a technology entrepreneur for years and is the business developer of Bancor. Regarding her other work, she is the CEO and founder of Particle Code.

Then we have Yudi Levi, which fills the role of CTO at Bancor and has worked for over two decades as a technology entrepreneur, where one of his past projects that are noteworthy is AppCoin, which he also co-founded.

1.1 Insights

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2. Price

BNT/USD

2.1. Market Performance

How does Bancor Network's (BNT) performance compare to the median performance for assets of a similar market capitalization?

30 Day Return

-60.6%

BNT

-20.7%

Similar Market Cap

60 Day Return

-75.9%

BNT

-55.6%

Similar Market Cap

1 Year Return

-84.1%

BNT

-61.4%

Similar Market Cap

3. Developer Activity

We're monitoring 29 Bancor Network GitHub repos for commits, code additions and deletions. This data is factored into the Developer Rank. Because of delays in GitHub's stat processing, recent activity maybe underrepresented.

Weekly Commits (All Bancor Network Repos)

Commits vs. The Market

  • Past 4 weeks: 155 commits vs. an average of 4
  • Past 12 weeks: 777 commits vs. an average of 21
  • Past year: 5,604 commits vs. an average of 403

Most Active Repos

Past week 8
Past 12 weeks 56
Past year 2849
Past week 0
Past 12 weeks 5
Past year 1075
Past week 138
Past 12 weeks 461
Past year 635
Past week 0
Past 12 weeks 2
Past year 386
Past week 7
Past 12 weeks 17
Past year 163
Past week 0
Past 12 weeks 0
Past year 148

Top Developers 2022

In total, 74 developers have contributed to Bancor Network over the past year. Who are the most active Bancor Network developers, by commits, over the past year?

Related Projects

Developers working on Bancor Network also worked on these projects.

4. Social Activity

Tip: Toggle each network by clicking the name above

Historic data is only available from 22nd April 2022

Total Followers

Reddit Subscribers 9,007
Active Reddit Users (past 24h) 30
Discord users
Active Discord Users
Telegram Users 10,268
Twitter followers 162,173
5. News
6. Investment

Investors

Who are the funds and individuals that invested in Bancor Network?

Funding Rounds

Bancor Network has raised $152.3M across 3 funding rounds, between June 2017 and February 2018.

Amount / Round Date Investors
- / Seed 4 years ago 1
$10,000.0 / ICO 4 years ago -
$152.3M / ICO 5 years ago 5
- / Seed 4 years ago 1
$10,000.0 / ICO 4 years ago -
$152.3M / ICO 5 years ago 5
7. More Information

Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:

Website https://www.bancor.network/
Explorer https://etherscan.io/token/0x1f573d6fb3f13d689ff84...
Twitter @Bancor
reddit /r/Bancor
Forum https://blog.bancor.network/
Whitepaper https://storage.googleapis.com/website-bancor/2018/04/01ba8253-bancor_protocol_whitepaper_en.pdf

What is the correct contract address for Bancor Network?

Energi 0x9419e8edcf570a71eb0dd006602949742b711a80
Ethereum 0x1f573d6fb3f13d689ff844b4ce37794d79a7ff1c

Has Bancor Network been audited for security?

No security audits found for this project.

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