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Bancor Network Token

BNT

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Market

Market stats

Market cap

$106.8M

Volume (24h)

$10.2M

Circulating supply

134.5M BNT

Typical hold time

19 days

Popularity

#316

All time high

$23.73

Price change (1h)

+0.87%

Price change (24h)

+1.34%

Price change (7d)

+5.88%

About Bancor Network Token

Bancor Network Token (BNT) is an Ethereum token (ERC20) that powers Bancor, an ecosystem of decentralized, open-source DeFi protocols fostering onchain trading and liquidity.

What is Bancor?

Bancor (BNT) is a decentralized ecosystem that aims to facilitate on-chain trading and liquidity. It is built around a series of open-source protocols, with its primary protocol, Carbon, enabling users to execute automated trading strategies using custom on-chain limit and range orders. Carbon's design allows users to adjust their orders directly on-chain and aims to ensure that once executed, orders are irreversible. Another key protocol within the Bancor ecosystem is Fast Lane, which enables users to perform arbitrage between Bancor protocols and external on-chain exchanges. The entire Bancor ecosystem is governed by the BancorDAO, which operates through staked BNT.

How does Bancor work?

Bancor operates through a series of decentralized protocols. The main protocol, Carbon, allows users to create automated trading strategies using on-chain limit and range orders. These orders can be easily adjusted directly on-chain. This gives users a high level of control and automation for their on-chain trading strategies. Another protocol, Fast Lane, enables users to perform arbitrage between Bancor protocols and external on-chain exchanges, redirecting arbitrage profits back to the Bancor ecosystem.

What are the potential use cases for Bancor?

Bancor aims to provide a platform for on-chain trading and liquidity. Its Carbon protocol allows users to create automated trading strategies using on-chain limit and range orders, which can be easily adjusted and are intended to be irreversible once executed. This can be particularly useful for traders who want to automate their trading strategies and maintain control over their orders. The Fast Lane protocol, on the other hand, enables users to perform arbitrage between Bancor protocols and external on-chain exchanges, potentially providing a source of profit for those who can identify and exploit price discrepancies.

What is the history of Bancor?

Bancor was developed as a decentralized ecosystem to facilitate on-chain trading and liquidity. Its main protocol, Carbon, was designed to allow users to perform automated trading strategies using custom on-chain limit and range orders. The Fast Lane protocol was later introduced to enable users to perform arbitrage between Bancor protocols and external on-chain exchanges. Over time, Bancor has continued to evolve and develop its protocols to provide users with more control and automation for their on-chain trading strategies.

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Social

Some highlights about Bancor Network Token on social media

27 unique individuals are talking about Bancor Network Token and it is ranked #574 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Bancor Network Token has an average sentiment score of 3 out of 5. Finally, Bancor Network Token is becoming more newsworthy, with 0 news articles published about Bancor Network Token. This is a 0% increase in news volume compared to yesterday.

On Twitter, people are mostly neutral about Bancor Network Token. There were 30.23% of tweets with bullish sentiment compared to 2.33% of tweets with a bearish sentiment about Bancor Network Token. 67.44% of tweets were neutral about Bancor Network Token. These sentiments are based on 43 tweets.

On Reddit, Bancor Network Token was mentioned in 0 Reddit posts and there were 0 comments about Bancor Network Token. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.

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Overview

Contributors

27 people

Posts

27 posts

Dominance

0%

Volume rank

#574

Average Sentiment

3 out of 5

Twitter

Coinbase Bytes

Coinbase Bytes

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Bancor Network Token is on the rise this week.

The price of Bancor Network Token has risen by 5.88% in the past 7 days. The price increased by 1.34% in the last 24 hours. In just the past hour, the price grew by 0.87%. The current price is $0.79 per BNT. Bancor Network Token is 96.69% below the all time high of $23.73.

The current circulating supply is 134,534,392.995 BNT.

FAQ

What is the current price of Bancor Network Token?

We update our Bancor Network Token to USD currency in real-time. Get the live price of Bancor Network Token on Coinbase.

What is the market cap of Bancor Network Token?

The current market cap of Bancor Network Token is $106.75M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Bancor Network Token?

The all-time high of Bancor Network Token is $23.73. This all-time high is highest price paid for Bancor Network Token since it was launched.

What is the 24 hour trading volume of Bancor Network Token?

Over the last 24 hours, the trading volume of Bancor Network Token is $10.17M.

What other assets are similar to Bancor Network Token?

Assets that have a similar market cap to Bancor Network Token include Civic, iExec RLC, Amp, and many others. To see a full list, see our comparable market cap assets.

How many Bancor Network Token are there?

The current circulating supply of Bancor Network Token is 135 million.

What is the typical holding time of Bancor Network Token?

The median time that Coinbase customers hold Bancor Network Token before selling it or sending it to another account or address is 19 days.

What is the relative popularity of Bancor Network Token?

Bancor Network Token ranks 108 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of Bancor Network Token?

Currently, 80% of Coinbase users are buying Bancor Network Token. In other words, 80% of Coinbase customers have increased their net position in Bancor Network Token over the past 24 hours through trading.

Can I buy Bancor Network Token on Coinbase?

Yes, Bancor Network Token is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Bancor Network Token guide.

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