Bancor Network Token
Bancor Network Token Price today
Bancor Network Token, also known as BNT, has a price today of 0,71$ and a market capitalization of 51.002.696$, which is 0,00% of the total. Bancor Network Token has a total of 71.516.432 coins in circulation.
In the last 24 hours, the price of Bancor Network Token has decreased -0,0008$, which is -0,11% of its valuation.
What is Bancor Network Token?
When the ICO of the Bancor was held, it attracted a lot of money as well as lots of controversies. But within just 8 months Bancor gained quite the market popularity. Since June 2017 Bancor collected $150 million just by selling BNT. Currently, they are offering 35 tokens for trading. But they plan to push the number to 100 at least.
The Bancor Network is based on Bancor Coin or commonly known as BNT. BNT is the genesis smart coin of the network.
The smart coin is a new concept having simpler and more powerful blocks that aim to implement newer monetary model, applications and value chain. It works just like the traditional local currencies and decentralized index funds.
BNT works with ETFS which is a coin basket. The coin basket holds standard tokens like ERC-20 so that it can be contained in a single smart coin.
The trend of crowdfunding has been thriving in the recent days. Today anyone can create a cryptocurrency and launch the crowdsale. Keeping it in the mind, the Bancor Network allows everyone to create a smart coin and crowdsale. This behavior helps to back up the market liquidity and fight against the price fluctuations.
Bancor Network Token Features
- Lower conversion cost.
- Automated non-profit market creator.
- Seamless liquidity.
- No threat of counterparty.
- Transactions without any deposit.
- No registrations needed.
- Price distortion can be easily predicted.
- Transparent pricing.
Bancor Network Token Technology
A token can be created according to the base formula. The formula maintains the price stability and acts against fluctuations. The price is decided by the smart contract automatically. For a specific token, an amount is deposited in the reserve. This amount is called the lock-up amount. The rate is fixed according to the Constant Reserve Ratio (CRR). It fixes the amount in balance and the market capital of the token.
If someone has 100 Ethereum in one’s balance and CRR is 0.01 then it will mean 100 Ethereum is only 1% of the market capital. The Balance and the CRR are fixed by the creator if the token himself.Visit website open_in_new
|Price in BTC||0.00008915 BTC|
|Current Supply||71.516.432 BNT|
|Total Supply||79.323.976 BNT|
|24h Volume (coin)||0 BNT|
|24h Volume (currency)||$0|
|Last updated||2019-05-24 15:10:20 +01:00 BST|
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