Bancor is a Decentralized Liquidity Network that allows you to operate any Ethereum token and convert it to any other symbol in the network, with no counterparty, at an automatically calculated price, using a simple web wallet.
WHAT IS BANCOR (BNT)?
Bancor is a protocol that standardizes the usage of connector tokens. Bancor (BNT) is a peer to peer, open source, a decentralized token system which presents ERC20 cooperative Smart Tokens and these regional coins called Bancor Network Tokens. It can operate one or more tokens in reserve. It is about efficiently creating, managing and trading tokens, currently, ERC20 tokens created on the Ethereum network, by increasing their liquidity and permitting them to have an automated market price.
BANCOR (BNT): HISTORY
Bancor was started in 2017 by Guy Bernartzi and three others. They piqued everyone’s attention thanks to their record-breaking initial coin offering that raised a staggering 153 million US dollars in just 2.5 hours. The project was developed mainly to fix the “Double Coincidence of Wants” problem that was making user matching a nightmare.
HOW DOES BANCOR (BNT) WORK?
Bancor aims to interlink all the available cryptocurrencies across the world by providing instant liquidity to every coin, token, and currency. It will be done through Smart Tokens which are tokens with Smart Contract integrated into it. Every smart Token holds a value in one of the other ERC20 compatible coins. Anyone can buy a Smart Token, representing one of the ERC20 consistent coins, and new Smart Tokens will be distributed. The value of a Smart Token in any of the collected coins is calculated using a pre-set CRR (Constant Reserve Ratio.) Bancor also plans to support popular Fiat currencies like USD and physical assets like gold. Thus, it is possible to exchange every money without the need for an exchange.
HOW TO BUY BACOR (BNT)?
Bancor is very young. The best way to buy Bancor is the usual way of having an Ethereum compatible wallet like MyEtherWallet to store it. Make sure to store the keystore file, password and the wallet address somewhere safe. Use cryptocurrency marketplaces like coinbase to buy some ETH/BTC from it. Then head over to a cryptocurrency exchange like Binance and then deposit the BTC/ETH you bought into it. Then exchange it for BNT and store it either in Binance or transfer it to your wallet.
BACOR (BNT) PRICE PREDICTION 2018
BNT can be a profitable investment option. Bancor price equal to 3.234 USD at 2018-03-17. If you buy Bancor for 100 dollars today, you will get a total of 30.919 BNT. Based on our forecasts, a long-term increase is expected, the price prognosis for 2023-03-10 is 17.816 US Dollars. With a 5-year investment, the revenue is expected to be around +450.85%. Your current $100 investment may be up to $550.85 in 2022. Bancor (BNT) price today is $3.234 and have the current supply of 40,175,833 BNT. The market cap value is $129,070,488 , and the volume is marked as $4,469,060.