Bancor Network Token

Name: Bancor Network Token
Brand: Cryptocurrency
SKU: BNT
Price: 0.377522247699999983685 GBP
Availability: InStock

BNT

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Past performance is not a reliable indicator of future results. Learn more about asset risks.

Investment Risk

Baseline risk

All crypto-assets are risky, regardless of the type of token you hold. Here are some ‘baseline’ risks to be aware of before deciding to invest.

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Investment risk: The performance of most crypto-assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto-assets.

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Lack of protections: Crypto-assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto-asset investments.

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Crypto-assets are complex: It may be difficult to understand the risks associated with a crypto-asset investment. Do your own research and if something sounds too good to be true, it probably is.

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Don’t put all your eggs in one basket: Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments such as crypto-assets.

Defi tokens

Decentralised Finance (or ‘DeFi’) tokens (e.g. , ) are crypto-assets linked to financial applications and protocols built on decentralised blockchain technology.

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Smart contract risk: DeFi relies heavily on smart contracts. Even a minor coding error or oversight can lead to a contract being exploited, potentially resulting in significant losses for DeFi tokens.

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Regulatory risk: DeFi operates in a decentralized manner, often without intermediaries or financial crime controls. Regulatory bodies across jurisdictions might introduce new regulations impacting the use, value, or legality of certain DeFi protocols or assets.

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For example, the Perpetual Protocol (PERP) and Quickstop (QUICK) protocols may be accessible in jurisdictions where some or all the available activity may need to be regulated now or in the future. If a regulator deemed the activity to be in breach of regulation, this could seriously impact token value.

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Rug-pulls / Exit scams: Some DeFi projects might be launched by anonymous or pseudonymous teams, increasing the risk of "rug pulls" where developers abandon the project and withdraw funds, leaving investors with worthless tokens.

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Data/oracle risk: DeFi protocols often rely on external data sources or ‘oracles’. Manipulation or inaccuracies in these data sources can lead to unintended financial outcomes within the protocols.

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Protocol complexity: The complexity of some DeFi protocols can make it difficult for average users to fully understand the mechanisms and associated risks.

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.

Resources

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.

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.

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.

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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Market

United Kingdom Market stats

Market cap

£46.2M

Volume (24h)

£4.5M

Circulating supply

122.7M BNT

Typical hold time

18 days

Popularity

#495

All time high

£18.30

Past performance is not a reliable indicator of future results. Learn more about asset risks.

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

United Kingdom Market performance

Price change (1h)

+1.42%

Price change (1d)

+5.69%

Price change (1w)

-6.37%

Price change (2w)

-5.58%

Price change (1m)

-0.38%

Price change (1y)

-14.76%

Past performance is not a reliable indicator of future results. Learn more about asset risks.

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

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Social

Some highlights about Bancor Network Token on social media

162 unique individuals are talking about Bancor Network Token and it is ranked #1,519 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 3.2 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 bullish about Bancor Network Token. There were 77.78% of tweets with bullish sentiment compared to 22.22% of tweets with a bearish sentiment about Bancor Network Token. 0% of tweets were neutral about Bancor Network Token. These sentiments are based on 9 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.

Overview

Contributors

162 people

Posts

18 posts

Dominance

0.01%

Volume rank

#1,519

Average Sentiment

3.2 out of 5

Twitter

Tweet Count

9 people

Sentiment

77.78%

Bullish

Neutral

22.22%

Bearish

Bancor Network Token Calculator

How much is 1 BNT?

Conversion Table

BNT/USD (United States Dollar)

$0.49

BNT/CAD (Canadian Dollar)

CA$0.68

BNT/GBP (British Pound)

£0.38

BNT/JPY (Japanese Yen)

¥74.86

BNT/INR (Indian Rupee)

₹41.20

BNT/BRL (Real)

R$2.83

BNT/EUR (Euro)

€0.45

BNT/NGN (Nigerian Naira)

NGN 813.29

BNT/KRW (South Korean Won)

₩678.15

BNT/SGD (Singapore Dollar)

S$0.65

Bancor Network Token is on the decline this week.

The price of Bancor Network Token has increased by 1.42% in the last hour and increased by 5.69% in the past 24 hours. Bancor Network Token’s price has also fallen by 6.37% in the past week. The current price is £0.38 per BNT with a 24-hour trading volume of £4.48M. Currently, Bancor Network Token is valued at 97.94% below its all time high of £18.30. This all-time high was the highest price paid for Bancor Network Token since its launch.

The current circulating supply of Bancor Network Token is 122,728,790.807 BNT which means that Bancor Network Token has as total market cap of 122,728,790.807.

FAQ

What is the current price of Bancor Network Token?

We update our Bancor Network Token to GBP 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 £46.16M. 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 £18.30. 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 £4.48M.

What other assets are similar to Bancor Network Token?

Assets that have a similar market cap to Bancor Network Token include ERC20, Wilder World, MVL, 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 123 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 18 days.

What is the relative popularity of Bancor Network Token?

Bancor Network Token ranks 133 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.

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.