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Bancor Price
Bancor price

Bancor Price(BNT)

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BNT
1 BNT =
USD $0.601366
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Last updated 2024/07/26 11:39 (UTC)
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$ 0.601366
+4.57%
1D
Page last updated: 2024-07-26 23:39 (UTC+0)
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Note: This information is for reference only.

Price of BNT today

The live price of Bancor is $ 0.601366 per (BNT / USD) with a current market cap of $ 75.57M USD. 24-hour trading volume is $ 5.32M USD. BNT to USD price is updated in real-time. Bancor is +4.57% in the last 24 hours with a circulating supply of 125.66M.
BNT Price History USD
Date ComparisonAmount Change% Change
Today$ 0.026278+4.57%
30 Days$ -0.019768-3.18%
60 Days$ -0.233346-27.96%
90 Days$ -0.114734-16.02%

BNT Price Information

24h Low & High
The highest and lowest price paid for this asset in 24 hours.
Low: $ 0.574448
High: $ 0.603194
The highest and lowest price paid for this asset in 24 hours.
All Time High
The highest price paid for this asset since it was launched or listed.
$ 23.73
The highest price paid for this asset since it was launched or listed.
Price Change (1h)
The percent change in trading volume for this asset compared to 1 hour ago.
+0.23%
The percent change in trading volume for this asset compared to 1 hour ago.
Price Change (24h)
The percent change in trading volume for this asset compared to 24 hours ago.
+4.57%
The percent change in trading volume for this asset compared to 24 hours ago.
Price Change (7d)
The percent change in trading volume for this asset compared to 7 days ago.
-7.37%
The percent change in trading volume for this asset compared to 7 days ago.

BNT Market Information

The percentage of Binance customers who increased or decreased their net position in BTC over the past 24 hours through trading.
Popularity
Popularity is based on the relative market cap of assets.
#443
Popularity is based on the relative market cap of assets.
Market Cap
Market cap is calculated by multiplying the asset's circulating supply with its current price.
$ 75.57M
Market cap is calculated by multiplying the asset's circulating supply with its current price.
Volume (24hours)
The total dollar value of all transactions for this asset over the past 24 hours.
$ 5.32M
The total dollar value of all transactions for this asset over the past 24 hours.
Circulation Supply
The number of coins circulating in the market and available to the public for trading, similar to publicly traded shares on the stock market.
125.66M
The number of coins circulating in the market and available to the public for trading, similar to publicly traded shares on the stock market.
Total Maximum Supply
The total number of coins that will ever be created for the cryptocurrency, similar to fully diluted shares in the stock market. If this data is not provided or verified by CoinMarketCap, the maximum supply is displayed as '--'.
--
The total number of coins that will ever be created for the cryptocurrency, similar to fully diluted shares in the stock market. If this data is not provided or verified by CoinMarketCap, the maximum supply is displayed as '--'.
Fully Diluted Market Cap
The total number of coins that will ever be created for the cryptocurrency, similar to fully diluted shares in the stock market. If this data is not provided or verified by CoinMarketCap, the maximum supply is displayed as '--'.
$ 75.57M
The total number of coins that will ever be created for the cryptocurrency, similar to fully diluted shares in the stock market. If this data is not provided or verified by CoinMarketCap, the maximum supply is displayed as '--'.

About Bancor (BNT)

Bancor is a decentralized exchange running on both the Ethereum and EOS networks. The Bancor protocol uses an automated market maker (AMM) smart contract to enable token trades against token liquidity pools. To complete trades with other smart contract tokens, it utilizes a built-in token called $BNT. The current price of BNT can be live-tracked on Binance.

Tokens are deposited into liquidity pools by liquidity providers, or LPs, who receive a part of the overall trading fees as payment. While the minted and burned BNT supply supports the constant market function for continuous token pricing, trading fees shield user deposits from impermanent loss. Although Bancor is already present on Ethereum and EOS, it can be implemented into any blockchain that supports smart contracts to offer cross-chain liquidity.

Bancor reportedly provides liquidity for small-cap tokens, with one or more ERC-20 tokens built in as reserves that can be traded. New tokens are issued for reserve tokens via smart contracts, and the price of the new coins is autonomously priced via smart contracts, making it possible to allow direct conversion between tokens without the need for an exchange or a third party to broker transactions.

Bancor utilizes on-chain governance through the decentralized organization, BancorDAO. Users can use the DAO governance forum to discuss and propose whitelisting, trading liquidity limits, fee charges, and Bancor Improvement Proposals. BancorDAO uses Snapshot for token holders to vote on such issues.

People Also Ask: Other Questions About Bancor

  1. What Is BNT Used For?

    BNT, Bancor's cryptocurrency, serves a few different functions in the protocol such as facilitating trades, providing liquidity, paying transaction fees, and participating in the governance of the network. BNT allows Bancor to exchange value between coins on multiple blockchains. Because Bancor is built on EOS and Ethereum, BNT can be deducted from liquidity pools of both chains. Additionally, each pool on Bancor is required to have BNT. BNT is also utilized to incentivize users to contribute to the platform's liquidity.

  2. Who Is the Founder of Bancor?

    Bancor was co-founded in 2017 by Galia Benartzi, Guy Benartzi, and Yudi Levi. Shortly after its founding, Bancor raised $153 million in a token sale that had participation from nearly 11,000 investors.

  3. What is the Circulating Token Supply of BNT?

    The current circulating supply is 146,115,825 BNT at the time of writing.

  4. What Makes Bancor Different From Others?

    Bancor's solution to the liquidity problem that newer tokens are reported to have, is through a blockchain-based smart contract and reserve currency, making it possible to exchange tokens into reserves at the corresponding exchange rate without needing counterparties. It uses "smart tokens," which can be automatically bought or sold based on their supply and demand. Additionally, Bancor eliminates the need for a centralized order book or matching engine, making it more secure and less vulnerable to manipulation.

  5. How To Buy Bancor (BNT)?

    Bancor (BNT) can be purchased directly from Binance by using a debit or credit card. Bancor (BNT) can also be traded for other cryptocurrencies on the Binance Exchange. Live Bancor price is updated in real-time on Binance. Additionally, BNT price and purchase information is available for users in our How To Buy Bancor (BNT) guide.

  6. How Much Will Bancor (BNT) Be Worth in the Future?

    Check out our Conflux Price Prediction page — when deciding on your own price targets. Data displayed are based on user input and not Binance's opinion.

BNT to Local Currency

FiatPriceOperation
1 BNT to TRY$ 0.601366
1 BNT to RUB$ 0.601366
1 BNT to EUR$ 0.601366
1 BNT to AED$ 0.601366
1 BNT to AUD$ 0.601366
1 BNT to BRL$ 0.601366
1 BNT to VND$ 0.601366
1 BNT to IDR$ 0.601366
Last updated 2024/07/26 11:39 (UTC)

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