Bancor Network (BNT)What's Bancor Network (BNT) price right now? How much potential does Bancor Network have? How to buy Bancor Network? And where can you buy it? Find answers to all of those as well as to many others questions related to it and discover similar coins to BNT based on price or price change percentage.
(Data is updated hourly)
Data last updated about 2 hours agoBNT All Time Low/High: €0.10814 (+232%) / €8.98 (-96%)
Disclaimer: All bnt price data is sourced from a third-party site. While we try to always offer correct and up-to-date bnt price data, it can sometimes be wrong. Cryptolorium assumes no responsibility or liability for any errors or omissions in the content of this site. So we suggest you pay attention to any abnormalities yourself and take all bnt price as well as bnt price change information brought out above with a grain of salt. And as always, keep in mind that trading cryptos contains risks which may result in partial or full loss of your investment.
How popular is Bancor Network cryptocurrency?Bancor Network ranks 319th among all cryptocurrencies. It has a market cap of €61471840. The total trading volume within the last 24 hours was €4590860.
How much potential does BNT have?How much can Bancor Network grow? It's hard to say how much potential Bancor Network has, but based on its circulating supply (171,225,561), it can theoretically grow at least 4961x before it would become more popular than Bitcoin. This means that based on BNT maximum potential it could reach €1781.54 before it would have to overtake Bitcoin. But then again, this is not a BNT price prediction of any sort, but just logical calculation.
Learn more about altcoins maximum potential prices.
How to buy Bancor Network?The easiest way to buy BNT is to use a cryptocurrency exchange. There are a lot of exchanges out there these days - both centralized and decentralized. And you can find Bancor Network in a number of exchanges these days. Currently there should be the very minimum of 10 Bancor Network exchanges available.
Where can you buy Bancor Network?You can currently buy BNT in these exchanges: XT.COM, Gate.io, PancakeSwap (v2), BitMart, MEXC Global, BKEX, Hotbit, Hoo.com, LATOKEN, CoinTiger.
How to buy Bancor Network using some centralized exchange?
How well has Bancor Network performed compared to top 300 cryptos?So how well has Bancor Network performed lately? How much has BNT price increased or decreased? And let's compare the price changes with the top 300 crypto average change.
Where can I find more information about Bancor Network?You can find more information about BNT from Bancor Network subreddit, Bancor Network facebook page, Bancor Network twitter page, Bancor Network forum, Bancor Network official homepage, and we always recommend you to do further research about Bancor Network yourself as well.
When was BNT launched?According to our information BNT coin was launched 12th June 2017.
What is Bancor Network?Bancor is a blockchain protocol that allows users to convert between different tokens directly as opposed to exchanging them on cryptocurrency markets. The project offers a network, which we’ll discuss soon, that works to bring liquidity to the majority of tokens that lack a consistent supply/demand in exchanges. That network is built on smart co...ntracts and a new class of cryptocurrencies that the team calls “Smart Tokens.” Bancor is looking to provide support to the illiquidity that currently exists within the cryptocurrency market. Illiquidity isn’t so much an issue for top coins like Bitcoin or Ethereum because there are always buyers and sellers looking to exchange those coins. It is definitely an issue, however, for the thousands of other tokens that may serve legitimate decentralized purposes but haven’t attracted enough attention in the market to be liquid.
Bancor’s protocol uses smart contracts to create Smart Tokens, which serve as an alternative mechanism for trading. A key characteristic of the protocol is that it doesn’t call for an exchange of tokens with a second party, as in the case of cryptocurrency exchanges. Rather, it employs Smart Tokens to convert between different ERC-20 tokens internally. These conversions take place through the blockchain’s protocol and completely outside of cryptocurrency exchanges. Smart Tokens process token conversions internally by holding reserves of other ERC20 tokens within their Smart Contract. They can then convert back and forth between those reserves as users request it.
The Bancor team consists of a core Foundation Council and their Advisory Board. The Foundation Council includes four individuals based out of Zug, Switzerland. Bernard Lietaer is a Belgian civil engineer, economist, author, and professor. Lietaer specialized in monetary systems and promotes the notion of communities creating their own local currencies. Guy Benartzi serves as co-founder and is recognized for founding the gaming company, Mytopia. Benartzi also co-founded Particle Code, a development studio based in Tel Aviv, Israel. Guido Schmitz-Krummacher is an executive of the Bancor Protocol foundation that’s involved with a variety of commercial entrepreneurial ventures in Switzerland. His involvement in the crypto space includes that of Bancor as well as an executive position in crowdfunding network, Tezos (XTZ).
One of the key elements of the Bancor Network is the automated pricing. This comes from the Smart Tokens’ built-in automated market makers. These automated market makers mean that the tokens’ smart contracts always buy or sell Smart Tokens from or to any user in exchange for any connector token (as well as any token found in the network). The price comes from the Bancor Formula. This formula that is responsible for balancing a Smart Token’s demand and supply while also maintaining the ratio between the token’s total value with the connector token balances. The creator of the Smart Token configures these ratios, known as the connector weight. The creator can adjust them with the goal of decreasing or increasing the liquidity level of the token. The connector weight indicates price sensitivity, or how much sells and buys affect the price movement. Any time the prices no longer syncs with prices listed on external exchanges, the arbitrageurs will quickly balance the gaps."Read more
|Cryptocurrency: Bancor Network||Symbol: BNT|
|Market Cap: 61471840||Rank: 319||Volume: 4590860|
Bancor Network (BNT) live price chart
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How big was Bancor Network coin volume within the last 24h?
Bancor Network (BNT) last recorded volume was € 4590860.
How much has Bancor Network coin price changed during the last week?
BNT price has changed during the last 7 days 2.33 %.
How much has Bancor Network price changed during the 30 days?
BNT price has changed during the last 30 days -22.18 %.
How much has Bancor Network price changed during one year?
BNT price has changed during the last year -89.3 %.
Is BNT coin close to its All Time High price?
BNT all time high price (ath) is €8.98. Its current price is €0.359086. This means that the difference between Bancor Network (BNT) All Time High price and BNT current price is -96%.
What is the maximum price Bancor Network (BNT) can reach?
BNT has a current circulating supply of 171,225,561. Based on our calculation BNT could reach up to €1781.54 before it would have to overtake Bitcoin. So in theory the potential for growth is 4961x its current value (€0.359086). However, keep in mind that this is just a logical maximum potential price calculation for Bancor Network and in no way is it a prediction of any kind.
Does Bancor Network crypto have limited supply?
Bancor Network (BNT) is a limited supply cryptocurrency. We base that on its max supply of 171,226,000, total supply of 171,225,561, and circulating supply of 171,225,561 (meaning, the max supply is not much higher than circulating supply).
Where can you trade Bancor Network?
Bancor Network is currently listed on at least these crypto exchanges: XT.COM, Gate.io, PancakeSwap (v2), BitMart, MEXC Global, BKEX, Hotbit, Hoo.com, LATOKEN, CoinTiger and possibly some others.