What Is Bkancor.network ( BNT)?
Bkancor.network 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. The major token used on the network is the “Bancor Network Token,” BNT. Currently, Bancor and Uniswap are the frontrunners for this new DeFi trend.
Important Points Table Of Bkancor.network
| Basic | Points |
|---|---|
| Coin Name | Bkancor.network |
| Short Name | BNT |
| Total Supply | 162,610,027 BNT |
| Explorer | Click Here To View |
| Technical Documentation | View Document |
| Website | Click Here To Visit |
How to Buy the Bkancor.network (BNT) Coin & Trade On Exchange?
Price
The live Bancor price today is $7.43 USD with a 24-hour trading volume of $125,237,280 USD. Bancor is down 7.17% in the last 24 hours. The current CoinMarketCap ranking is #68, with a live market cap of $1,208,687,679 USD. It has a circulating supply of 162,610,027 BNT coins and the max. supply is not available.
Who Are the Founders of Bkancor.network?
Bkancor.network was founded by Eyal Hertzog, Yudi Levi, and Galia and Guy Benartzi in 2017. It was named “Bancor” to honour John Maynard Keynes, who came up with the word 76 years ago to describe a supranational currency.
Eyal Hertzog is the product architect of the protocol, BNT, and otherproducts that utilize the network. He is a known voice in the crypto industry and has been a technology entrepreneur for over 20 years. He previously founded MetaCafe, a top video sharing site in Israel with over 50 million users.
Guy Benartzi is the chief executive at Bancor. He also co-founded Mytopia in 2005, a company that develops cross-platform games for users on social networks.
Galia Benartzi has been a technology entrepreneur for many years, and is a co-founder of the Bancor protocol. At Bancor, she is the business developer. She is also the CEO and founder of Particle Code.
Yudi Levi is the CTO at Bancor. He has been a technology entrepreneur for over 20 years. He previously co-founded AppCoin, an app that allows communities to create their own currencies.
What Makes Bkancor.network Unique?
Bkancor.network enables the seamless conversion of tokens used in the network. This removes the need for an exchange or third-party platforms. The protocol also maintains several self-governing pools for tokens supported by the network.
The uniqueness of Bancor is in their goal to create liquidity for altcoins and to remunerate liquidity providers. The protocol monotonously converts various crypto tokens into other tokens, including those running on other blockchains, without the interference of a third party.
Bkancor.network , the protocol’s main token, is the default for all smart tokens created on the network. Bancor’s creation of smart tokens is the first of its kind to be built via blockchain technology. The protocol’s main objective for creating smart tokens is to provide a lasting solution to liquidity problems, hence making it different from other market makers.
How Is The Bancor Network Secured?
The protocol’s smart token allows traders to provide liquidity for the pools available on the network. Anyone can contribute liquidity to the pools.
When liquidity providers contribute liquidity to a pool, they are eligible to receive rewards for trades that pass through the pool. Liquidity providers will receive pool tokens that represent a percentage of their total stake.
How Can You Buy Bancor Network Token (BNT)?
As at the time of this writing, Bkancor.network ancor has facilitated over $2 billion trades involving several tokens, as well as cross-chain tokens. The network has made millions through staking, which are distributed to BNT token stakes. Several exchanges that support BNT include Binance, Coinswitch and Zeno. You can get more information here on how to buy BNT and other cryptocurrencies.
