YTD
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Bancor (BNT)BNT
$4.0320
189.32%
Bancor (BNT)
BNT Price
$4.0320
189.32%
Rank
#125
Market Cap (YTD)
$944.48M
617.97%
Volume (YTD)
$29.40B
122.71%
Circulating Supply
234,248,163
Transp. Vol.
28%
Grade
C gradeC grade
1H1D1W1M1Y
-1.48%+1.56%-1.28%-5.10%+289.88%
ETH0x1f573...9a7ff1c
ETH
Verify address & DYOR
Contract
ETH0x1f573...9a7ff1c
ETH
Verify address w/ multiple resources & DYOR
Blockchain
Websitehttps://bancor.network/
CommunityTwitterRedditTelegramDiscordGithub
Bancor Network Token (BNT) is the hub token that serves as a link between all tokens, traded on the Bancor Network. Tha...Read more
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BNT
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USD

Bancor Price (BNT)

BNT Year-to-Date Performance

Today's Bancor price is $4.0320, which is up 189% since the year began. Bancor's market cap is $944.48M. Year to date BNT volume is $29.40B. It has a market cap rank of 125 with a circulating supply of 234,248,163 and max supply of 234,248,163. Bancor is traded on exchanges. Bancor had an all-time high of $24.61 over 4 years ago. Since the year began, Bancor has had 28% transparent volume and has been trading on 499 active markets with its highest volume trading pairs being .

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Bancor Statistics

Summary
Bancor Price (ytd)$4.0320 (189.32%)
Market Cap$944.48M (617.97%)
Trading Volume (ytd)$29.40B (122.71%)
Transparent Vol. (ytd)
$8.26B28% (359.14%)
Transparency GradeC gradeC grade(Fair)
Circulating Supply234,248,163 (100.00%)
7D Price Prediction
N/A
API Coverage
1st 1D CandleJun '17
1st TradeJun '17
1st OrderbookAug '18
Exchanges101
Trading Pairs499
Updated48 seconds

Price

$4.0320
Price Change
$2.6384 (189.32%)

All-Time High

$24.61
Date of ATH6/19/2017
Days Since ATH1625
% of ATH16.38%
Price vs ATH

Market Cap

$944.48M
Mkt Cap Change
$812.93M$812,932,414 (617.97%)
Mkt Cap Rank125
Mkt Dominance<1%
Mkt Dominance

Circulating Supply

234,248,163
Max Supply234,248,163
% in Circulation100.00%
% in Circulation

Volume

$29.40B$29,395,887,845
Vol. Change
$16.20B$16,196,913,875 (122.71%)
Exchange VolumeUnknown

Transparent Volume

28%
Transparent Volume (Δ)
359.14%
Transparent Volume
A - 28%
B - <1%
C - 50%
D - 22%
? - <1%

About Bancor

Bancor Network Token (BNT) is the hub token that serves as a link between all tokens, traded on the Bancor Network. Thanks to BNT, all tokens, listed on the exchange, can be converted into each other. The mechanics behind this is simple – BNT holds liquidity against ETH and every other token, traded on the Bancor Network. That way, should one wants to convert ETH to LTC, for example, he can do that instantaneously thanks to BNT’s connector balance in both cryptocurrencies. The way it works allows for flexibility and ease of conversion between all tokens.

The Bancor Network team describes the BNT as “the world's first Liquid Token.” BNT can be purchased by sending ETH to a particular address. In return, the sender receives BNT tokens, according to their current price (which is estimated according to a methodology, developed by the Bancor Network team, and defined in the Bancor Protocol whitepaper). BNT liquidation happens the same way around. The amount of BNT in circulation is not static as BNT tokens are created each time when ETH is sent to their smart contract. On the other hand, BNT tokens are destroyed every time a user sells his BNT back to the contract.

BNT’s flexibility is thanks to the Bancor Protocol (the operational model of the Bancor Network), which allows for the standardization of a new type of natively liquid brand token. The authors of the Bancor Protocol Whitepaper describe the Bancor Network Token as a “token for tokens.” The fundamental pillars of the Bancor Protocol are the so-called “Smart Tokens”. The smart tokens are ERC20 compliant tokens that hold one or multiple connector balances in their smart contracts. Thanks to that, smart tokens can be traded against any of the tokens on the network (if they are present in their connector balances). What all smart tokens have in common though, is that they hold a shared connector balance in BNT. This makes all of them tradable against each other. The conversion between tokens happens instantaneously, without the need for matching buyers and sellers and at continuously calculated rates.

The idea behind the creation of the Bancor Network Token is to ease the use of the Bancor Network and link all tokens into one system that allows for instant and easy conversion. The operational model of the Network supposes that if there is significant buying interest in a specific token (ETH, for example), it will result into an increased supply of BNT since the supply of its sub token (ETH in that case) has grown through new deposits of BNT into the connector balance.

The BNT’s Token Generation Event took place on June 12, 2017. BNT then became the first smart token launched on the Bancor Network (a decentralized cross-chain liquidity network). The BNT is managed by the Bprotocol Foundation, a nonprofit, headquartered in Zug, Switzerland, that aims to promote the Bancor Protocol as the leading global standard for Smart Tokens.

The Bancor project has four co-founders - Eyal Hertzog, Galia Benartzi, Guy Ben-Artzi, and Yudi Levi. All of them are known for their vast experience in the tech field and venture capital industry. The Bancor Foundation has also attracted industry experts from a variety of industries. The board of the Foundation consists of 13 members among which can be distinguished the names of Tim Draper, founder of Draper University and Draper Associates, John Henry Clippinger, research scientist at MIT and strategic advisor to multiple organizations, Brock Pierce, Chairman of the Bitcoin Foundation and co-founder of EOS Alliance, Yoni Assia, founder and CEO of eToro, Justin Rosenstein, co-founder of Asana and others. The Network was lead by the well-respected international monetary policy expert Bernard Lietaer before his death on February 4, 2019.

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Bancor Markets

(Top 10)
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Bancor Historical Data

(Past 7 Days)
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Frequently Asked Questions

  • What’s the current Bancor price? How much is 1 Bancor worth?

    The price of 1 Bancor is $4.0320. Over the last 24 hours, a Bancor is worth 1.56% more. Visit our currency converter page to convert BNT prices to currencies other than USD.
  • When did Bancor start?

    The earliest trading data for Bancor is on June of 2017 (based on current exchange data).
  • How high can the Bancor price go?

    Bancor’s price has gone as high as $24.61 (which is BNT’s all-time high). It achieved this price over 4 years ago. Speculations abound for how high Bancor’s price will get in the future.
  • What's the smart contract address for Bancor?

    Bancor's smart contract address is 0x1f573d6fb3f13d689ff844b4ce37794d79a7ff1c.

Today's BNT / Bancor News for November 30, 2021

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