Bancor Network Price: BNT Live Price Chart & News | CoinGecko

Bancor Network (BNT) price has declined today.

The price of Bancor Network (BNT) is $0.441960 today with a 24-hour trading volume of $1,936,303. This represents a -2.20% price decline in the last 24 hours and a -8.00% price decline in the past 7 days. With a circulating supply of 160 Million BNT, Bancor Network is valued at a market cap of $69,545,244.

What Is Bancor (BNT)?

Bancor is the only decentralized staking protocol that allows you to earn money with single-token exposure and full protection from impermanent loss. Launched in 2017, Bancor was the first DeFi protocol. 

Today, it generates millions in fees per month for depositors, offering up to 60% APR on tokens like ETH, WBTC, LINK, MATIC, AAVE & more. Bancor is owned by its community as a decentralized autonomous organization (Bancor DAO).

The protocol token used on the network is the “Bancor Network Token,” BNT. The protocol’s token allows traders to provide liquidity for the pools available on the network. Anyone can contribute liquidity to the pools. When liquidity providers contribute liquidity to a pool, they are eligible to receive fees for trades that pass through the pool. Liquidity providers will receive pool tokens that represent their share of liquidity, fees, and Liquidity Mining rewards in the pool.

How Many Bancor (BNT) Coins Are In Circulation?

The Bancor Network Token (BNT) has an elastic supply, afforded by the protocol’s minting and burning of tokens to maintain trading liquidity levels in Bancor pools. Protocol-owned trading liquidity earns swap fees from trading volume, such that the protocol comes to hold more BNT over time. The protocol’s new balance of BNT is then burned in exchange for pool tokens when LPs stake the equivalent amount of their own BNT. Due to swap fees earned, more BNT is ultimately burned than was initially supplied by the protocol. This excess of BNT is then burned to offset the cost of impermanent loss, deflating the overall supply of BNT in the long term.

How Is The Bancor Network Secured?

Bancor is one of the longest-running and most heavily audited projects in crypto, receiving stellar ratings from leading auditors including Certik, PeckShield, and Halborn. In addition, Bancor received one of the highest safety scores to date by DeFiSafety (96%) in 2021.

Our most recent articles about Bancor:

Impermanent Loss: What Is It and How Can I Reduce Its Impact?

Crypto Outperforms Traditional Markets With DEX Tokens Leading the Way: A Data Perspective by IntoTheBlock

Where can you buy Bancor Network?

BNT tokens can be traded on centralized crypto exchanges and decentralized exchanges. The most popular exchange to buy and trade Bancor Network is WhiteBIT, where the most active trading pair BNT/USDT has a trading volume of $40,243.41 in the last 24 hours. Other popular options include Binance and Bancor (V2).

What is the daily trading volume of Bancor Network (BNT)?

The trading volume of Bancor Network (BNT) is $1,939,239.36 in the last 24 hours, representing a -59.30% decrease from one day ago and signalling a recent fall in market activity.

What is the all-time high for Bancor Network (BNT)?

The highest price paid for Bancor Network (BNT) is $10.72, which was recorded on Jan 09, 2018 (about 5 years). Comparatively, the current price is -95.90% lower than the all-time high price.

What is the all-time low for Bancor Network (BNT)?

The lowest price paid for Bancor Network (BNT) is $0.120935, which was recorded on Mar 13, 2020 (almost 3 years). Comparatively, the current price is 265.40% higher than the all-time low price.

What is the market cap of Bancor Network (BNT)?

Market capitalization of Bancor Network (BNT) is $69,545,244 and is ranked #371 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of BNT tokens (160 Million tokens are tradable on the market today).

What is the fully diluted valuation of Bancor Network (BNT)?

The fully diluted valuation (FDV) of Bancor Network (BNT) is $69,545,244. This is a statistical representation of the maximum market cap, assuming the maximum number of 160 Million BNT tokens are in circulation today. Depending on how the emission schedule of BNT tokens are designed, it might take multiple years before FDV is realized.

How does the price performance of Bancor Network compare against its peers?

With a price decline of -8.00% in the last 7 days, Bancor Network (BNT) is underperforming the global cryptocurrency market which is down -3.20%, while underperforming when compared to similar Ethereum Ecosystem cryptocurrencies which are down -3.10%.

What is the market sentiment of Bancor Network today?

The community is bullish as more than 66% of users are feeling good about Bancor Network (BNT) today.

How to add Bancor Network (BNT) to MetaMask?

Adding Bancor Network (BNT) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import BNT as a token. You can copy BNT’s contract address (0x1f573d6fb3f13d689ff844b4ce37794d79a7ff1c) and import it manually, or if you’ve installed MetaMask’s chrome extension, add BNT to MetaMask with one click on CoinGecko.

Add BNT to MetaMask.