Exchange rate Bancor:
2.19zł
Market capitalization
Volume (24h)
Supply in circulation
All-Time High
All-Time Low
Popularity by CMC
| 1h | 24h | 7d | 14d | 30d | 1y |
|---|---|---|---|---|---|
| -1.84% | -2.83% | -5.68% | -54.44% | -58.88% | -79.96% |
Oceń kryptowalute
What Is Bancor?
Bancor consists of a series of smart contracts that manage the on-chain conversion of tokens. The protocol makes it effortless and quick to convert tokens without having to go through an exchange. The protocol's smart contracts manage the liquidity pools that connect various tokens available in the network. Bancor Network Token, BNT, is the dominant token on the network. At present, Uniswap and Bancor are the frontrunners in this new DeFi trend.
Who are the Founders?
A core Bancor team is composed of an Advisory Board and the Foundation Council. The Foundation Council consists of four individuals based out of Zug, Switzerland, among them Bernard Lietaer, a Belgian civil engineer, economist, and author. Guy Benartzi served as co-founder and is best known for founding the gaming company, Mytopia. Benartzi also founded the company Particle Code. Litaer specializes in monetary systems and promotes the possibility that communities can create their own local currencies. Guido Schmitz-Krummacher is a Swiss businessman who serves as the executive of the Bancor Protocol foundation.
Features
By eliminating the need for an exchange or third-party platforms, Bancor ensures that tokens used in the network can be converted seamlessly. The protocol maintains several self-governing pools for tokens used by the network. 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. It instead uses smart tokens to convert between different ERC-20 tokens internally, which occurs through a blockchain protocol and outside of cryptocurrency exchanges.
Bancor's automated pricing is a fundamental element of the network, resulting from the Smart Tokens' built-in automated market makers. The tokens' smart contracts automatically buy or sell Smart Tokens from or to any other user.
Wallet
Bancor has facilitated more than $ 2 billion worth of trades involving multiple tokens, including cross-chain tokens. The network has made many millions through staking, which is distributed to BNT token holders. Binance is one exchange that supports BNT including Coinswitch and ZenGo.
