Bancor Price Today
The current Bancor (BNT) price is $0.6174 USD**, with a 24-hour trading volume of **$4.95 million. Over the past 24 hours, BNT has shown 0.00% price volatility. The circulating supply stands at 115.19 million BNT, while the maximum supply is capped at 114.21 million BNT.
What Is Bancor?
Bancor is a decentralized exchange (DEX) operating on the Ethereum and EOS blockchains. It specializes in providing liquidity for low-to-micro-cap cryptocurrencies and generating yields for liquidity providers.
Unlike traditional order-book exchanges, Bancor utilizes Automated Market Makers (AMMs) through smart contracts to facilitate token swaps via liquidity pools. The native Bancor Network Token (BNT), an ERC-20 asset, serves as:
- A universal pricing token for cross-chain transactions.
- A governance token for Bancor’s Decentralized Autonomous Organization (DAO).
👉 Discover how AMMs revolutionize trading
Bancor’s Historical Milestones
- June 2017: Co-founded by Eyal Hertzog and the Benartzi siblings (Guy & Galia). Conducted one of blockchain’s largest ICOs, raising $153 million in 3 hours.
- July 2018: Suffered a security breach resulting in losses of 25,000 ETH, 2.5M BNT, and 230M NPXS tokens. The team recovered/froze stolen BNT but highlighted centralization concerns.
- Late 2020: Transitioned to DAO governance, empowering BNT holders to vote on protocol upgrades.
- March 2021: Launched Bancor V2.1, introducing single-asset liquidity provision and improved tokenomics.
How Bancor Works
Bancor’s protocol comprises smart contract-based liquidity pools that enable algorithmic token trading. Key features:
- Single-Token Liquidity: Users supply one token (instead of paired assets) to pools, with 100% protection against impermanent loss.
- BNT as Bridge: Acts as the intermediary across all pools and blockchains (Ethereum/EOS).
- Permissionless Access: Anyone can add liquidity or trade tokens in minutes.
👉 Learn how to stake on Bancor
Use Cases of Bancor (BNT)
- Staking Rewards: Earn fees and newly minted BNT by staking in liquidity pools.
- Governance: vBNT tokens grant voting rights in Bancor DAO decisions.
- Cross-Chain Swaps: BNT facilitates seamless token transfers between Ethereum and EOS.
Bancor FAQ
1. Is Bancor secure?
Yes, Bancor’s smart contracts are audited, though the 2018 hack revealed early centralization risks now mitigated by DAO governance.
2. How do Bancor’s fees compare to other DEXs?
Fees are competitive (typically 0.1–0.3%), with liquidity providers earning a share.
3. Can I trade without holding BNT?
Yes, but BNT is required for staking, governance, and cross-chain functionality.
4. What’s the difference between BNT and vBNT?
BNT is the utility token; vBNT (voting BNT) is locked for governance participation.
5. Does Bancor support limit orders?
No, it’s an AMM-based DEX—trades execute at algorithmically determined prices.
6. How does Bancor prevent impermanent loss?
V2.1’s single-token pools eliminate paired-asset exposure risks.
Key Terms: Bancor (BNT), decentralized exchange (DEX), Automated Market Maker (AMM), liquidity pools, impermanent loss, DAO governance.
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