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Bancor Network Token (BNT) Statistics

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Bancor Network Token

BNT

0.51888999
Price (USD)
2.07%
24h Change
0.00015039
Price (BTC)

Cryptocurrency Information

All-Time High USD
10.7154
Since All-Time High Change
-95.15%
All-Time High Date
2018-01-09

Marketcap (BTC)
8,984.32941060
Marketcap (USD)
31,006,069.46

24h Volume (USD)
641,703.80

7d Change
-22.47%
14d Change
-20.63%
30d Change
-61.14%

Circulating Supply
59,710,164
Total Supply
75,783,855

Influence Statistics

Alexa Rank
95258
Facebook Likes
66157
Twitter Followers
922

What is Bancor Network Token?

Bancor is a blockchain protocol that allows users to convert between different tokens directly as opposed to exchanging them on cryptocurrency markets. The project offers a network, which we’ll discuss soon, that works to bring liquidity to the majority of tokens that lack a consistent supply/demand in exchanges. That network is built on smart contracts and a new class of cryptocurrencies that the team calls “Smart Tokens.” Bancor is looking to provide support to the illiquidity that currently exists within the cryptocurrency market. Illiquidity isn’t so much an issue for top coins like Bitcoin or Ethereum because there are always buyers and sellers looking to exchange those coins. It is definitely an issue, however, for the thousands of other tokens that may serve legitimate decentralized purposes but haven’t attracted enough attention in the market to be liquid.

Bancor’s protocol uses smart contracts to create Smart Tokens, which serve as an alternative mechanism for trading. A key characteristic of the protocol is that it doesn’t call for an exchange of tokens with a second party, as in the case of cryptocurrency exchanges. Rather, it employs Smart Tokens to convert between different ERC-20 tokens internally. These conversions take place through the blockchain’s protocol and completely outside of cryptocurrency exchanges. Smart Tokens process token conversions internally by holding reserves of other ERC20 tokens within their Smart Contract. They can then convert back and forth between those reserves as users request it.

The Bancor team consists of a core Foundation Council and their Advisory Board. The Foundation Council includes four individuals based out of Zug, Switzerland. Bernard Lietaer is a Belgian civil engineer, economist, author, and professor. Lietaer specialized in monetary systems and promotes the notion of communities creating their own local currencies. Guy Benartzi serves as co-founder and is recognized for founding the gaming company, Mytopia. Benartzi also co-founded Particle Code, a development studio based in Tel Aviv, Israel. Guido Schmitz-Krummacher is an executive of the Bancor Protocol foundation that’s involved with a variety of commercial entrepreneurial ventures in Switzerland. His involvement in the crypto space includes that of Bancor as well as an executive position in crowdfunding network, Tezos (XTZ).

One of the key elements of the Bancor Network is the automated pricing. This comes from the Smart Tokens’ built-in automated market makers. These automated market makers mean that the tokens’ smart contracts always buy or sell Smart Tokens from or to any user in exchange for any connector token (as well as any token found in the network). The price comes from the Bancor Formula. This formula that is responsible for balancing a Smart Token’s demand and supply while also maintaining the ratio between the token’s total value with the connector token balances. The creator of the Smart Token configures these ratios, known as the connector weight. The creator can adjust them with the goal of decreasing or increasing the liquidity level of the token. The connector weight indicates price sensitivity, or how much sells and buys affect the price movement. Any time the prices no longer syncs with prices listed on external exchanges, the arbitrageurs will quickly balance the gaps."
ICO Overview

Alphabetically ordered ICOs


0
-----
0xcert

A
-----
AAT
Abulaba
Academia Lingu
Accounting Blockchain
ACESO
AcuteCoin
ADAB Solutions
Aenco
AgroTechFarm
Aigo
Alehub
Alfa Enzo
AligatoCoin
ALLCARE
AllSporter
ALLUXE
AlphaX
AMICORUM.LIVE
AntiHACK.me
Anubis
Apollo Septem
ArtPro
Assetereum
AtlantICO Network
Atlantis Blue
August 927
Aurum
AvailCom
AVINOC

B
-----
BandZ Network
Beat
BEATRIX
Betform
Bettium
Bidooh
BIGCHAIN
BIT.GAME
Bitdepositary
Bitfair
BitImage
BitScreener
BITXOXO
Blackbox
Block66
BlockBits
Blockchain Hotels
BlockGrain
Blockpass
Blockvest
Blue Whale
BolttCoin
Bond Film Platform
Bouncy Coin
BUILDERIUM
BunnyToken
Buying.com
BX.BET

C
-----
Cache
Capital Technologies and Research
Carboneum
CAREONCHAIN
CargoCoin
CargoConX
CarSmartt
Celes Chain
Celestial
Centive

C
-----
checkitsreal

C
-----
Chozun
Coinnec
Coinolix
CoinSeason
CoinSelf
Color
ContractVault
Cosmecoin
Coupit
Creator.ai
Cross Hedge
Cryptics
Cryptobuyer
Cryptocean
CryptoLeaf
CryptoMillionsLotto
Crypton VC
Cryptonic Universe
Cryptons Game
Cyber Capital Invest
CYBR
CYO

D
-----
Dacxi
Daox
DBXChain
Decentralized Accessible Content Chain
Deedcoin
DeStream
DINNGO
DNN
Dopameme
Dragonglass
DUCATUR

E
-----
ECOMI
Efir.io
EIPlatform
Electrominer
ENDO
Envoy
EpigenCare
Equitybase
ETH Travel
ExoLover
Extradecoin
EZ Exchange

F
-----
Fair Ninja
Fanfare
Fishcoin

G
-----
GAGAPAY NETWORK
Gastery
Geeba
Gemstra

G
-----
genEOS

G
-----
Gese
GGRocket
GigTricks
Global REIT
Globatalent
Globex SCI
GOeureka
Gold Bits Coin
GoldBox
Goldma
GOODWORK
Green Power Exchange
Greenblock Coin
GSTAR.AI

H
-----
HARA
HDCoin
Health FX

H
-----
healthbank

H
-----
HELIX Orange
HetaChain
HOMELEND
HomeMine
Humanscape
HybridBlock
HybridBlock

I
-----
ICST
IDGO
IDMoney
InfraCoins
INLOCK
Inmediate
Instoken
International Science Hub
Internet of Values
Invest in Brokers
Involve
IOTW
Irene Energy

J
-----
Jinbi
Joint Ventures
JOYS

K
-----
Kerberos
Kheper
KiMex
Krosscoin
Kryptoin
Kryptoro
KVANTOR

L
-----
LaborCrypto
LACCOIN
LAND LAYBY
Larecoin
LeadRex
LEDGIT
LICERIO
LiTeum
Lovar
LoveBlock.one
LOVR

M
-----
MAESTRO
MAKEAFOLIO
Mandala
MatchDiary
MB8Coin
Medipedia
Menlo One
MetaMorph.pro
MetaMorph.pro
MILC
Miner Edge
MOBU
Modern Finance Chain
Multiversum
MUXE
Mycro
MyCryptoBank

N
-----
N.exchange
NAi
Natmin
NurseToken

O
-----
Officium
Oneplus1
OpenBrix
Opiria
OptiToken
Opu Labs
Orbis
ORET

P
-----
Pantercon
Papusha
Parkres
PARQ
PaxPay
PayBlok
PAYERA
Paygine
Pearl Pay
Peoplewave
PEP Network
Phoneum
Pinmo
PlaceToRent
Planport
PlayChip
PORN X
Presale Ventures
Prime Shipping Foundation
Profede
Prontapay
Property Coin

Q
-----
Qravity

R
-----
RAD
Railz
RealtyReturns
RECORD Foundation
RedCab
Relative Strengthening Index Token
Republia
Review.Network
Root Blockchain

S
-----
Safe Haven
SAFE.AD
Sarf
Save Environment Token
SCAVO Technologies
Scienceroot
ServAdvisor
ShareRing
Sheikh
Silent
SISHUB
SIX.network
SLATE
Snapparazzi
SocialGood
Soundeon
Sports Ledger
SportsFix
Stacktical
Starflow
Stoxum
SUBAJ Global Network
SuchApp
SVPER
Syntera

T
-----
Tedchain
Terawatt
Ternion
The Freedom Coin
Ticko
Time Money
TIPO
Trecento Blockchain Capital
Trends Project
Triffic
TrigID
Tripago
Tripbit
Tripterium T50
TrustBar
TrustED
TrustVerse
Typerium

U
-----
UHive
UMKA

U
-----
unitalent

V
-----
Vanig
Varanida
Veetune
Vertex
VIAZ
Victorieum
VIDY
Vikky
Virtual Rehab
Virtual Universe
Vreo

W
-----
Whyral
Wiki token
WINIota
WMPRO
WULET

X
-----
X Block
XBrick
XRT Foundation

Y
-----
YAMZU
Yanu
YellowBetter
YINC
Yumerium