Bancor Network BNT
1. Summary
- Price
-
$0.69 +8.6%
- Market Cap
- $82.34M (#606)
- Supply
- 122.50M / 122.50M
- Description
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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.
| Price | |
| 52W High price | $1.46 |
| 52W High date | 13th Nov 2023 (1 year ago) |
| All Time High (ATH) Date | 9th Jan 2018 (6 years ago) |
| ATH Price | $10.72 |
| % From ATH | -94.63% |
| All Time Low (ATL) Date | 13th Mar 2020 (4 years ago) |
| ATL Price | $0.12 |
| % From ATL | 375.53% |
| Supply & Trading Volume | |
| Trading Volume (24h) | $1.36M |
| Total Supply | 122.50M |
| Max Supply | 122.50M |
| Circulating Supply | 122.50M |
BNT
How does Bancor Network's (BNT) performance compare to the median performance for assets of a similar market capitalization?
30 Day Return
21.3%
BNT
-5.5%
Similar Market Cap
60 Day Return
22.4%
BNT
31.8%
Similar Market Cap
1 Year Return
-29.9%
BNT
98.9%
Similar Market Cap
We're monitoring 49 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: 11 commits vs. an average of 1
- Past 12 weeks: 11 commits vs. an average of 7
- Past year: 40 commits vs. an average of 104
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 2024
In total, 139 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.
Tip: Toggle each network by clicking the name above
Historic data is only available from 22nd April 2022
Total Followers
| Reddit Subscribers | 8,868 |
|---|---|
| Active Reddit Users (past 24h) | 22 |
| Discord users | 7,168 |
| Active Discord Users | 533 |
| Telegram Users | 5,297 |
| Twitter followers | 152,027 |
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blog.bancor.network/can-a-dex-be-infinitely-capital-efficient-bancors-carbon-defi-says-yes... Official
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blog.bancor.network/can-a-dex-be-infinitely-capital-efficient-bancors-carbon-defi-says-yes... Official
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blog.bancor.network/can-a-dex-be-infinitely-capital-efficient-bancors-carbon-defi-says-yes... Official
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bancor.network/arbfastlane Official
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bancor.network/arbfastlane Official
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bancor.network/arbfastlane Official
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bancor.network/arbfastlane Official
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bancor.network/arbfastlane Official
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bancor.network/arbfastlane Official
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bancor.network/arbfastlane Official
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bancor.network/arbfastlane Official
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bancor.network/arbfastlane Official
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bancor.network/arbfastlane Official
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bancor.network/arbfastlane Official
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blog.bancor.network/hello-celo-115eace685cc Official
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blog.bancor.network/hello-celo-115eace685cc Official
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blog.bancor.network/hello-celo-115eace685cc Official
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blog.bancor.network/hello-celo-115eace685cc Official
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blog.bancor.network/hello-celo-115eace685cc Official
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blog.bancor.network/hello-celo-115eace685cc Official
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blog.bancor.network/hello-celo-115eace685cc Official
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blog.bancor.network/hello-celo-115eace685cc Official
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blog.bancor.network/hello-celo-115eace685cc Official
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blog.bancor.network/bancors-arb-fast-lane-now-the-5th-largest-gas-consumer-on-sei-network-... Official
Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:
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.
Are you the owner of Bancor Network? Edit it here
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