What is Bancor (BNT)? How and Where to Buy?

Bancor Network Token

$0.49

BNT 0.10%

Buy BNT

Project Name: Bancor (BNT)

Website: Official

BNT Whitepaper: Official Documents

Maximum Supply: 236,919,305 BNT

Founding Year: 2017

Market Cap: $83,374,548

Total Supply: 236,919,305 BNT

Circulating Supply: 115,188,102 BNT

Supported Blockchain Networks: Bancor operates on the Ethereum network and is also compatible with all blockchain networks.

Exchanges Where It Can Be Purchased: Bancor (BNT) is traded on numerous cryptocurrency exchanges worldwide. Some prominent exchanges include: Binance, MEXC, KuCoin, HTX, Gate.io and many other cryptocurrency exchanges.

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Bancor is the first DeFi protocol launched in 2017, holding a significant place in the cryptocurrency ecosystem. Notably, this project is built on the Ethereum blockchain. Bancor offers users the opportunity to conduct decentralized financial transactions. It also provides protection against permanent losses and high staking yields with a single type of token.

The team behind this project was founded by Swiss bankers, and the project is managed as a decentralized autonomous organization (DAO). This management model is monitored in a decentralized manner by the community, making it one of the safest protocols recognized by DeFiSafety in 2021.

At the core of Bancor is its native cryptocurrency, BNT coin, which is used for various purposes within the project, such as paying transaction fees.

Bancor is equipped with its own smart contracts and liquidity pool, allowing transactions to be conducted without relying on other DeFi projects. Users have the opportunity to stake popular cryptocurrencies, including ETH, WBTC, LINK, MATIC, AAVE, and more. Those who stake can earn up to 60% annual staking yield. Additionally, thanks to the protocol’s liquidity pools, users can convert and trade their cryptocurrencies without needing a seller.

Bancor is an exciting project aimed at shaping the future of decentralized finance and is a significant player in the DeFi world.

What is Bancor (BNT)?

Bancor (BNT) is a pioneering DeFi protocol and automated market maker (AMM) launched in 2017, enabling on-chain liquidity and token swaps without order books. Built on Ethereum, it facilitates seamless conversions using BNT as a connector token, while offering single-sided liquidity provision and impermanent loss (IL) protection.

BNT coin is the native cryptocurrency of the Bancor project and has a unique use case. This token is created with an ERC-20 smart contract on the Ethereum blockchain and has no maximum supply. BNT supports the decentralization of the Bancor protocol and contributes to the network’s governance. BNT holders can join the Bancor DAO and influence the protocol’s management. This includes voting on decisions and submitting proposals to the community.

BNT coin is used for various purposes within the network. Users can contribute to the network’s liquidity by providing BNT to liquidity pools. When a user contributes to liquidity pools, they earn a share of the fees generated from transactions conducted by other users in the pool. This means that liquidity providers are rewarded based on the size of their pools, fees, and mining rewards. Users who provide more liquidity receive larger rewards.

Who are the Founders?

The founders of Bancor are Eyal Hertzog, Guy Benartzi, and Galia Benartzi. It is a project initiated by this trio in 2017. The project is managed by the non-profit organization Bprotocol Foundation, initially raising $153 million. This fund was raised from approximately 11,000 investors.

BNT Coin Analysis

BNT Coin stands out with its notable features:

• IL Protection: Single-sided vaults pair deposits with BNT, shielding LPs from losses.
• DAO Governance: BNT holders vote via staked vBNT on protocol upgrades.
• Elastic Supply: Mint/burn mechanism balances liquidity without fixed cap.
• Cross-Chain: Compatible with Ethereum, EOS, and smart contract-enabled chains.
• Market Volatility: ATH $23.73 in 2017; current $0.72, down 97% but resilient in DeFi.

BNT Coin | Purpose – Advantages

The purpose of Bancor is to democratize liquidity provision in DeFi, enabling automated swaps and passive income without counterparty risk. Here are its advantages:

• Single-Sided LP: Deposit one asset; BNT auto-pairs for yields up to 60% APY.
• Zero Slippage Trading: AMM with bonding curves for efficient, MEV-resistant swaps.
• vBNT Governance: Staked BNT yields vBNT for DAO voting and rewards.
• Auto-Compounding: Profits reinvested automatically in concentrated liquidity pools.
• Carbon DeFi: Flagship product for advanced orderbook features and arbitrage.

Basic Use Cases

BNT token offers versatile functions within the platform:

• Liquidity Provision: Stake BNT or other tokens for fees and yields.
• Governance: Vote on proposals via vBNT in Bancor DAO.
• Token Swaps: Convert assets instantly using BNT as bridge.
• Staking Rewards: Earn up to 60% APY on whitelisted pools.
• Trading: Buy/sell BNT on exchanges like Pionex or Uniswap.

BNT Coin Investment Evaluation

Bancor’s legacy as DeFi’s first AMM, with IL protection and DAO governance, positions it as a mature protocol. At $83M market cap and $0.72 price, it’s undervalued amid DeFi resurgence, but competition from Uniswap and lower TVL (~$100M) caps short-term upside. Suited for yield farmers; risks include elastic supply dilution.

Future of BNT Coin

Bancor’s roadmap emphasizes Carbon DeFi on COTI V2 (Q1 2025) for privacy-focused L2 trading. With DAO-driven innovations like adjustable bonding curves, 2025 forecasts $0.65-$8 if DeFi booms. TVL growth and cross-chain expansions could drive demand, but market share battles key.

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