The current price of Bancor is ₺15.1696. Over the last 24 hours, Bancor has increased by +2.87%. It currently has a circulating supply of 115,205,500 BNT and a maximum supply of 115,205,500 BNT, giving it a fully diluted market cap of ₺1.75B. At present, the Bancor coin holds the 229 position in market cap rankings. The Bancor/TRY price is updated in real-time.
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In the world of cryptocurrencies, some individuals may choose to explore beyond the well-known cryptocurrencies and focus on altcoins. While smaller cryptocurrencies have significant growth potential, they often face challenges such as limited support and liquidity. To tackle these challenges, projects have emerged to offer solutions that aim to address these issues and support smaller cryptocurrencies in the market. One such project is Bancor.
What is Bancor
Bancor is a decentralized ecosystem that provides liquidity for small market value tokens. It has built-in tradable ERC-20 tokens that act as reserves. New tokens are issued using smart contracts in exchange for the reserve ERC-20 tokens.
Essentially, the project acts as an ecosystem of decentralized, open-source protocols that promote on-chain liquidity and trading.
The Bancor team
Bancor was co-founded by Galia and Guy Benartzi in 2017. The project gained significant attention and support during its token sale, raising an impressive $153 million. Notably, prominent investor Tim Draper, a partner at Draper Fisher Jurvetson (DFJ), participated in the token sale. Bancor garnered significant interest from over 11,000 investors, making it one of the largest token sales of 2017.
How does Bancor work
Bancor uses its decentralized trading protocol, Carbon, to enable users to execute automated trading strategies. By leveraging custom on-chain limit and range orders, users have the flexibility to combine and create various buy-low-sell-high strategies that are executed automatically.
Carbon orders are designed to be irreversible once executed, providing a reliable trading experience. Additionally, they are easily adjustable and resistant to MEV sandwich attacks, enhancing the security and integrity of the trading process.
Bancor’s native token: BNT
Launched in June 2017, BNT is Bancor’s ERC-20 native cryptocurrency. BNT does not have a maximum supply. Its total supply currently sits at 161.19 million, while its circulating supply is 153.03 million as of June 2023.
BNT token use cases
In addition to powering the platform, BNT has multiple use cases within the Bancor ecosystem. It serves as a medium for trading and staking, providing users with opportunities to engage in these activities. Furthermore, BNT acts as a governance token, granting token holders the ability to actively participate in the decision-making process and shape the future direction of the project.
Distribution of BNT
BNT is distributed as follows:
50 percent was issued to contributors of the fundraiser.
20 percent was allocated to partnerships, public bounties, and community grants.
20 percent went to the Bancor Foundation’s long-term operating budget.
10 percent was kept by the founders, team members, advisors, and early contributors.
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Similar market cap crypto
Listed crypto with similar market cap in the last 24h.
Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 359 new posts about Bancor, driven by 209 contributors, and total online engagement reached 3.6K social interactions. The sentiment score for Bancor currently stands at 79%. Compared to all cryptocurrencies, post volume for Bancor currently ranks at 5701. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Bancor.
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Posts
359
Contributors
209
Interactions
3,648
Sentiment
79%
Volume rank
#5701
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Posts
146
Interactions
2,903
Sentiment
86%
Bancor FAQ
What is Bancor?
Bancor is an ecosystem of decentralized, open-source protocols designed to provide liquidity and trading opportunities for small market value tokens. By leveraging blockchain technology, Bancor enables seamless and efficient transactions, creating a robust liquidity infrastructure for various cryptocurrencies.
What are the benefits of holding BNT?
Holding BNT, the native token of Bancor, comes with several benefits. Firstly, BNT allows users to actively participate in the Bancor ecosystem. Additionally, BNT holders have the opportunity to earn passive income through staking and participating in governance activities. By holding BNT, users can have a stake in shaping the future of Bancor and the broader DeFi ecosystem.
Where can I buy BNT?
Easily buy BNT tokens on the OKX TR cryptocurrency platform. OKX TR’s spot trading terminal includes the BNT/USDT trading pair.
Currently, one Bancor is worth ₺15.1696. For answers and insight into Bancor's price action, you're in the right place. Explore the latest Bancor charts and trade responsibly with OKX TR.
What is cryptocurrency?
Cryptocurrencies, such as Bancor, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX TR and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Bancor have been created as well.
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX TR does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX TR. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice. OKX TR does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX TR and its affiliates (“OKX TR”) are not in any way associated with the owner or operator of the TPW. You agree that OKX TR is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
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