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| Bancor 
| #BNT
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| BNT Price: | $0.40 | | Volume: | $2.0 M | | All Time High: | $10.66 | | Market Cap: | $62.6 M |
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| Circulating Supply: | 156,467,957 |
| Exchanges: | 27
| | Total Supply: | 156,467,957 |
| Markets: | 94
| | Max Supply: | — |
| Pairs: | 132
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The price of #BNT today is $0.40 USD.
The lowest BNT price for this period was $0, the highest was $0.400, and the exact current price of one BNT crypto coin is $0.40012.
The all-time high BNT coin price was $10.66.
Use our custom price calculator to see the hypothetical price of BNT with market cap of BTC or other crypto coins. |
The code for Bancor is #BNT.
Bancor is 6 years old. |
The current market capitalization for Bancor is $62,605,389.
Bancor is ranked #259 out of all coins, by market cap (and other factors). |
There is a big volume of trading today on #BNT.
Today's 24-hour trading volume across all exchanges for Bancor is $1,989,587. |
| The circulating supply of BNT is 156,467,957 coins, which is 100% of the total coin supply. |
BNT is well integrated with many pairings with other cryptocurrencies and is listed on at least 27 crypto exchanges.
View #BNT trading pairs and crypto exchanges that currently support #BNT purchase. |
 | Bancor Proposes Burning of 1 Million BNT as a Trial to Boost Price
A native community of prominent DeFi protocol Bancor presented a proposal that seeks to trigger a burn of 1 million BNT once collected by the Bancor Vortex in the v3 vault.
The aim is to help the protocol burn BNT as a trial to determine its impact on the token.
'DAO members have cited the fact that “burns” have a psychological effect on market participants and the same can happen if such an experiment is allowed to be carried out. For this reason, this proposal is seeking a one-time burn of 1m BNT when this amount has accumulated in the Bancor v3 vault.'
The proposal is seeking a one-time burn of 1 million BNT. If passed and the community sees a positive impact on the token's price, future proposals can be expected to specify new BNT burn amounts.
At the time of writing, over 99% have voted in favor of BNT burning, and the community has until September 28th to cast their votes.
The latest development comes months after the protocol launched Bancor v3 on the mainnet.
In the previous version, Bancor Vortex accumulated fees in different tokens and swapped them for BNT, which was then used to purchase and burn vBNT, thereby slashing the circulating supply of the native asset.
Instead of collecting a wide variety of token types, the Vortex on Bancor 3, on the other hand, enabled the collection of BNT exclusively, therefore triggering the Vortex results in a single swap of BNT for vBNT directly.
In June, Bancor temporarily terminated its Impermanent Loss Protection pr...
|  | DeFi Protocol Bancor Pauses Impermanent Loss Protection Feature Amid Liq...
Prominent DeFi protocol Bancor suspended its Impermanent Loss Protection program, citing 'hostile market conditions' and 'manipulative behavior' as the main causes behind the action. Assuring users and investors that it's only a temporary measure, Bancor noted that all funds on the protocol are secure, and trading remains active on all liquidity pools.
Impermanent Loss
As the months-long selloffs have shown no signs of reversal, many DeFi protocols have fallen deep into the crisis mode due to liquidity strains as investors withdraw funds from liquidity pools.
Following that crypto lender Celsius froze users' accounts last week, decentralized automated market maker (AMM) - Bancor - announced, on Monday, halting its Impermanent Loss (IL) Protection feature designed to offset the impact of IL by distributing its native token BNT to those affected.
IL occurs in DeFi when the value of the staked assets changes relative to their initial value during the deposit time due to external market conditions. When launching its Bancor Version 3 earlier this year, the protocol refined the protection mechanism, positioning it as a special feature distinguishable from other DeFi competitors.
According to the official blog post, the bold measure aiming to 'protect the protocol and its users from potentially manipulative actors' will be lifted once the market stabilizes again. However, the protocol did not unveil a specific timeline for such an extreme measure.
The decentralized exchange calmed ...
|  | Firstrade Lists ENJ, MKR, BNT & COMP
Just weeks after launching its cryptocurrency trading platform, online brokerage Firstrade Securities has already begun expanding its available crypto listings. The most recent additions to the tradeable crypto coins on Firstrade are ENJ (Enjin), Maker (MKR), Bancor Network Token (BNT) and Compound (COMP). The latest 4 coins now make a total of 41 available cryptocurrencies on the Firstrade crypto platform.
Enjin (ENJ) is a decentralized network on Ethereum which enables Developers to create and manage digital assets like NFTs, for game developments. The Maker (MKR) is a decentralized network, also on the Ethereum network, which primarily functions as a governance token for MakerDAO and as a fully functioning DeFi ecosystem.
Compound (COMP) is similar, also a decentralized finance ecosystem on ETH, and Bancor Network Token (BNT), operates pools which bring Ethereum and other blockchains together.
Why Trade Crypto on Firstrade?
Traders and investors can get started trading fractional amounts of cryptocurrency on Firstrade. The minimum allowable cryptocurrency trade that can be executed on Firstrade crypto is $1.
Customers can trade positions on coins through either limit or market orders, breaking down barriers to entry when trading cryptocurrencies such as custody and storage.
Advanced Trading Suite for Firstrade Customers
The addition of more cryptocurrencies is happening less than a month since the initial launch of the Firstrade crypto trading platform. Firstrade has a pub...
| | Bancor Version 3 Launched on Mainnet
Prominent decentralized finance protocol, Bancor has announced the launch of its v3, dubbed Bancor 3. The release on the mainnet comes six months after the project first shared the details of features.
Bancor 3 Goes Live
According to the official blog post, Bancor's latest version is focused on encouraging broad and sustainable involvement in on-chain liquidity markets by simplifying passive liquidity provision in automated market-maker (AMM) liquidity pools.
Following the development, Mark Richardson, Product Architect at Bancor, said in a statement,
'Bancor has spent the past several years creating the equivalent of a high-yield savings account for DeFi: Deposit your assets, sit back, and earn. By helping token projects and their users safely and simply tap into DeFi yields, Bancor 3 creates robust and resilient on-chain liquidity markets that drive healthy token economies.'
Bancor first revealed details about version 3 in November last year. The three-tiered launch includes - Dawn - the beginning of Bancor 3. This phase aims to address friction points in the previous protocol version. It will also set the stage for the subsequent steps - Sunrise and Daylight.
Improvements and Features
Bancor highlighted that strategies employed by token projects to create long-term liquidity have so far been ineffective. As a result of risks associated with negative returns from Impermanent Loss, many token holders are unwilling to offer their assets to liquidity pools, the blog argued.
Su...
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