Coins: 10053 Exchanges: 946 Market Cap: $1,225,562,243,650 1.25% 24h Vol: $48,208,812,807.548 Dominance: BTC 46.65%, ETH 18.33%
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Bancor Network price

Bancor Network Price (BNT)

$0.370241

0.12%
Rank #203

Bancor Network Price Chart (BNT/USD)

Last updated 02 Aug 2023, 14:15PM UTC. Currency in USD.

Markets
# Exchange Pair Price Spread Volume(24h) Trust
1 Binance BNT / USDT $0.56516100 0.02% $8,642,389
2 Coinbase Exchange BNT / EUR $0.41590100 0.26% $3,247,287
3 Coinbase Exchange BNT / GBP $0.47523200 0.58% $2,191,229
4 Bancor Network ETH / BNT $0.49618255 0.60% $1,748,243
5 Binance BNT / BTC $0.35672200 0.33% $436,860
6 Bancor Network WBTC / BNT $0.50604898 0.60% $427,945
7 Bancor Network LINK / BNT $0.49888928 0.60% $321,894
8 Bancor Network USDC / BNT $0.51597275 0.60% $268,030
9 Binance BNT / BUSD $0.35102300 0.57% $232,216
10 Huobi Global BNT / USDT $0.58960800 0.12% $180,942
11 Bancor Network CEL / BNT $0.53460951 0.60% $160,768
12 Binance BNT / ETH $0.36619500 0.33% $141,115
13 BitMart BNT / USDT $0.39440500 0.44% $129,555
14 Bancor Network ENJ / BNT $0.50705325 0.60% $112,148
15 Bancor Network FARM / BNT $0.56460836 0.60% $88,167
16 LBank BNT / USDT $0.36270400 0.82% $85,013
17 Hotbit BNT / BTC $0.42679900 1.19% $80,443
18 Bancor Network EDEN / BNT $0.74108372 0.60% $80,304
19 Bancor Network CEEK / BNT $0.50732903 0.60% $70,880
20 Bancor Network ROOK / BNT $0.69868691 0.60% $65,826
21 Bancor Network DAI / BNT $0.51443100 0.60% $64,059
22 Bancor Network YFI / BNT $0.49746916 0.60% $60,238
23 Coinbase Exchange BNT / USD $0.41610000 0.05% $50,674
24 Bancor Network REN / BNT $0.49830804 0.60% $45,250
25 OKX BNT / USDT $0.35334700 0.23% $42,527
26 Bancor Network USDT / BNT $0.51803202 0.60% $37,899
27 Bancor Network MLN / BNT $0.52346348 0.60% $35,351
28 KuCoin BNT / USDT $0.34939200 0.92% $27,659
29 Nominex BNT / USDT $0.52874300 0.13% $27,489
30 Bancor Network REQ / BNT $0.56730255 0.60% $26,705
31 Bancor Network OCEAN / BNT $0.51980419 0.60% $25,828
32 CoinW BNT / USDT $0.38643500 0.18% $23,487
33 Bancor Network VBNT / BNT $0.33854124 0.60% $22,420
34 LATOKEN BNT / ETH $0.36432100 0.99% $17,888
35 Bancor Network WOO / BNT $0.49517657 0.60% $17,049
36 MEXC Global BNT / USDT $0.35468400 0.31% $16,285
37 Hotbit BNT / ETH $0.42595700 1.30% $15,085
38 Bancor Network ALPHA / BNT $0.55514996 0.60% $12,037
39 Bancor Network MTA / BNT $0.65287006 0.60% $11,799
40 Bancor Network MKR / BNT $0.50291844 0.60% $11,603
41 Bancor Network GRT / BNT $0.50271009 0.60% $11,591
44 KuCoin BNT / ETH $0.34614900 1.74% $9,825
45 Hotbit BNT / USDT $0.41997700 1.73% $9,477
46 OKX BNT / BTC $0.35633300 0.93% $8,251
47 Bancor Network RENBTC / BNT $0.50355120 0.60% $7,738
49 WhiteBIT BNT / BTC $0.45120300 1.19% $7,312
50 QMall BNT / USDT $0.52715800 0.26% $6,586

BNT Price Statistics

$0
24H Range
$0
  • Bancor Network Price Now $0
  • 24h Low / 24h High $0 / $0
  • Trading Volume $280,453
  • Market Cap Rank #380
  • Market Cap $55,526,166
  • Volume / Market Cap 0.0051
  • All-Time High $11 -96.54%
    Jan 09, 2018
  • All-Time Low $0 206.43%
    Mar 13, 2020


Bancor Network: Empowering Decentralized Cryptocurrency Trading

Introduction


Cryptocurrencies have revolutionized the way we store and exchange value, creating a decentralized and transparent financial ecosystem. Traditional centralized exchanges, however, have limitations such as the need for intermediaries and lack of liquidity. Bancor Network aims to overcome these challenges by introducing a novel decentralized liquidity network.

What is Bancor Network?


Bancor Network is a blockchain-based protocol designed to enable token liquidity for both users and decentralized applications (dApps). It was launched in 2017 and pioneered the concept of "Smart Tokens," which are cryptocurrencies that are continuously liquid and do not rely on traditional exchanges for trading.

The Concept of Smart Tokens


Smart Tokens are part of the Bancor Network and are based on the protocol's unique algorithm. They utilize smart contracts to maintain a dynamic reserve with certain tokens. These reserves provide liquidity and enable instant conversion between different cryptocurrencies directly through the protocol, without relying on buyers and sellers to create a market.

Benefits of Bancor Network


1. Increased Liquidity: Bancor Network's underlying design ensures that Smart Tokens have a constant and predictable liquidity reserve. This eliminates the need for traditional order books and enhances market efficiency.
2. Accessibility: Anyone can create a Smart Token on the Bancor Network, opening up opportunities for emerging projects and facilitating access to global markets.
3. Automated Pricing: Bancor Network calculates the price of Smart Tokens using a simple formula, taking into account the reserve ratio. This eliminates the need for price discovery mechanisms, ensuring fairness and transparency.
4. Minimized Risk: Bancor Network reduces the risks associated with centralized exchanges, such as hacking and counterparty risks. Users have direct control and ownership of their tokens at all times.
5. Interoperability: Bancor Network is compatible with various blockchain platforms, allowing for seamless integration with different cryptocurrencies and decentralized applications.

The Bancor Network Token (BNT)


BNT is the native utility token of the Bancor Network. It is used for several purposes, including staking and governance, as well as to provide liquidity to Smart Tokens. BNT holders can participate in network decisions and earn rewards for their contributions.

Conclusion


The Bancor Network introduces a revolutionary approach to decentralized cryptocurrency trading by leveraging Smart Tokens and a decentralized liquidity network. By eliminating the reliance on traditional exchanges, Bancor Network enhances liquidity, accessibility, and security. With the increasing adoption of blockchain technology, Bancor Network paves the way for a more efficient and inclusive financial landscape.