BNT(Bancor Network)

  • Issue Time


  • Total Supply

    159,323,071 BNT

  • Circulation

    159,323,071 BNT

  • White paper

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Bancor consists of a series of smart contracts that manage conversions up the token chain. The protocol makes it easy and quick to convert tokens without going through an exchange. The protocol's smart contract manages the liquidity pool of the various tokens available in the connected network. The main token used on the network is the "Bancor Network token", or BNT. Currently, Bancor and Uniswap are the leaders of this new DeFi trend. Bancor can seamlessly convert tokens used in the network. This eliminates the need for exchanges or third-party platforms. The protocol also maintains several autonomous pools for network-supported tokens. Bancor is unique in that their goal is to create liquidity for shanzhai coins and pay liquidity providers. The protocol monotonously converts various cryptotokens into other tokens, including those that run on other blockchains, without interference from third parties.

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