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Bancor Network (BNT)
What's Bancor Network price? How much potential does it 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 cryptos in the same category. And see how BNT compares to Bitcoin based on its performance!(Price data last updated less than 1 second ago)
Bancor Network
Defi | |||||||||||||||||||||||||||||||||
Data last updated less than 1 second ago BNT All Time Low/High: €0.10814 (+361%) / €8.98 (-94%) | |||||||||||||||||||||||||||||||||
Current price  24h  Week 14 days  Month Year  Disclaimer: While Cryptolorium always tries to offer correct and up-to-date 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 information brought out on this page with a grain of salt. And as always, keep in mind that trading cryptos involves risks which may result in partial or full loss of your investment. Compare BNT and BTC performance
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How popular is Bancor Network cryptocurrency?Bancor Network ranks 306th among all cryptocurrencies. It has a market cap of €80354014. The total trading volume within the last 24 hours was €3109210.How much potential does it have?How much can Bancor Network grow? It's hard to say how much potential this cryptocurrency has exactly, but based on its circulating supply (161,373,977), it can theoretically grow at least 6052x before it would become more popular than Bitcoin. This means that based on BNT maximum potential it could reach €3015.3 before it would have to overtake Bitcoin.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 this cryptocurrency in a number of exchanges these days. Currently there should be the very minimum of 24 Bancor Network exchanges available.
Where can you buy it?BNT should be listed in these exchanges: Additionally you can also find BNT from Azbit, Bancor (V2), Bancor (V3), BingX, Bitazza, Bitfinex, Bithumb, BitMart, Bitvavo, BtcTurk PRO, CoinEx, Crypto.com Exchange, Dcoin, Huobi, LATOKEN, LBank, OKX, WhiteBIT.Where can I find more information about Bancor Network?You can find more information about it through the crypto homepage and social media pages brought out on top of this page. And we always recommend you to do further research about the crypto yourself as well.When was BNT created?According to our information BNT was created 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 contracts 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." | |||||||||||||||||||||||||||||||||
| Market Cap: €80354014 | Rank: #306 | Volume: €3109210 | |||||||||||||||||||||||||||||||
| Crypto launched | 2017-06-12 | ||||||||||||||||||||||||||||||||
Bancor Network (BNT) live price chart | |||||||||||||||||||||||||||||||||
24h 7days 14 days 30 days 200 days 1 year Latest Tweets by Bancor NetworkTweets by Bancor Network | |||||||||||||||||||||||||||||||||
10 other cryptos in Defi category based on volume
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| FTM | €285879000 | €0.379669 | -17.8% | -13.1% |
| LINK | €232874000 | €6.34 | -5% | -9.9% |
| DYDX | €189927000 | €2.23 | -14.7% | -11.4% |
| AVAX | €137476000 | €15.67 | -5.4% | -9.7% |
| JOE | €132971000 | €0.485879 | 53.2% | 100.9% |
| WBTC | €110525000 | €25932 | -1.9% | 18.4% |
| LDO | €101783000 | €1.95 | -16.3% | -28.2% |
| LQTY | €71190300 | €2.06 | -10.7% | 114.7% |
| UMA | €67909800 | €2.03 | 3% | -3% |
| AAVE | €59951600 | €64.62 | -14% | -16% |
How big was Bancor Network coin volume within the last 24h?
Bancor Network (BNT) last recorded volume was € 3109210.
How much has Bancor Network price changed during one year?
BNT price has changed during the last year -78.85 %.
Is BNT coin close to its All Time High price?
BNT all time high price (ath) is €8.98. Its current price is €0.49825. This means that the difference between Bancor Network (BNT) All Time High price and BNT current price is -94%.
What is the maximum price Bancor Network (BNT) could VERY theoretically reach?
BNT has a current circulating supply of 161,373,977. Based on our calculation BNT could reach up to €3015.3 before it would have to overtake Bitcoin. So in theory the potential for growth is 6052x its current value (€0.49825). However, keep in mind that the coin's actual potential is based on the value it provides to the user. So this is just a logical maximum potential price calculation for Bancor Network and in no way is it a prediction of any kind, far from it.
Where can you buy Bancor Network?
Bancor Network is currently listed on at least these crypto exchanges: Bancor (V2), WhiteBIT, Binance, BingX, Azbit, Bitvavo, Dcoin, OKX, MEXC Global, Bancor (V3), BitMart, Bitazza, Coinbase Exchange, Bybit, BtcTurk PRO, Crypto.com Exchange, LBank, Bithumb, Hotbit, CoinEx, Huobi, Phemex, LATOKEN, Bitfinex and possibly some others.