What is Bancor (BNT)?
Bancor (BNT) is a peer to peer, decentralized, open source token network which provides ERC20 compatible Smart Tokens and these native coins called Bancor Network Tokens. It can hold one or more tokens in reserve. It is about easily 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 (BNT) has a great team in Yehuda Levi (CTO), Ilana Pinchas (VP engineering) and Eyal Hertzog (chief of product) who have ample experience of cryptocurrencies. During 2017, Bprotocol Foundation was founded to develop Bancor. BNT has a hard cap of 79.3 million BNT. In June 2017, Bancor went live via a crowdsale where 39.6M BNT were sold to the public. During the sale, a total of 396,720 Ether were raised. 20% of the BNTs were given to partners & bounties and long-term operation fund of the company, each while 10% were kept for the core team. The rest 50% of the BNTs were available during the sale.
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 compatible coins, and new Smart Tokens will be distributed. The price of a Smart Token in any of the reserved 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 currency without the need for an exchange.
How to Buy Bancor (BNT)?
First of all, you are required to set up a Bancor (BNT) wallet to store your coins safe. You can use MyEtherwallet to store your Buy Bancor (BNT) coins as it is the easiest and most convenient wallet for you. In MyEtherWallet you can store any coin on the Ethereum blockchain, including Buy Bancor (BNT). Now buy Ethereum by using Coinbase and then trade it for Buy Bancor (BNT).
Bancor (BNT) Price Prediction 2018
BNT can be a profitable investment option. Bancor price equal to 7.607 USD at 2018-01-29. If you buy Bancor for 100 dollars today, you will get a total of 13.146 BNT. Based on our forecasts, a long-term increase is expected, the price prognosis for 2023-01-26 is 22.426 US Dollars. With a 5-year investment, the revenue is expected to be around +194.81%. Your current $100 investment may be up to $294.81 in 2022. Bancor (BNT) price today is $7.60 and have the current supply of 40,772,871 BNT. The market cap value is $309,972,487 , and the volume is marked as $8,523,840. Bancor (BNT) price today, Bancor (BNT) where to buy, Bancor (BNT) price chart, Bancor (BNT) history, Bancor (BNT) market cap, Bancor (BNT) exchanges, Bancor (BNT) mining, Bancor (BNT) mining software.