Cryptocurrencies: 1905 / Markets: 13123 Market Cap: 24h Vol:
Bancor Network Token (BNT) Rank 76
$1.62815
Bancor Network Token (BNT) Rank 76
Website Reddit Twitter
52,152,190 BNT

Bancor Network Token (BNT)
Bancor Network Token (BNT)
BNT

Bancor Network Token (BNT) Price
$1.63

Bancor Network Token (BNT) 24h Vol
$4,511,961

Bancor Network Token (BNT) Market Cap
$84,911,599

Bancor Network Token (BNT) Circulating
52,152,190

Full Name
Bancor Network Token (BNT)
Symbol
BNT
Algorithm
BTC Price
0.0002516626 BTC
BTC Market
13,125 BTC
BTC 24h Vol
697 BTC
Total Coins Mined
52,152,190 BNT
1h
-0.91 %
24h
2.6 %
7d
-11.5 %

Charts



Description

Description


The Bancor Protocol is a blockchain-based system for discovery and a liquidity mechanism supporting multiple smart contract platforms. The flexibility of these blockchains allows tokens to be locked in reserve and to issue smart tokens on the Bancor system, enabling anyone to instantly purchase or liquidate the smart token in exchange for any of its reserve tokens.

The BNT is the first smart token on the Bancor system and it will hold a single reserve in Ether. Other smart tokens, by using BNT as one of their reserves, connect to the BNT network. The BNT establishes network dynamics where increased demand for any of the network’s smart tokens increases demand for the common BNT, benefiting all other smart tokens holding it in reserve.

Full Name Bancor Network Token (BNT)
Start Date N/A
Algorithm N/A
Proof Type N/A
Website https://bancor.network/
Twitter @bancornetwork
Facebook N/A
Reddit https://www.reddit.com/r/Bancor/
Block Number N/A
Block Time N/A
Block Reward N/A
Total Coins Mined 52,152,190 BNT
Previous Total Coins Mined N/A
Net Hashes Per Second N/A
ICO Details

ICO Details


The Bancor protocol is a standard that allows anyone to easily create completely liquid “smart tokens” that calculate their own prices & enable a single party to convert any token to another, without requiring a second party to exchange with. The BANCOR network token will hold a single reserve in Ether. Other smart tokens, by using BANCOR as (one of) their reserve(s), connect to the BANCOR network. The BANCOR network token forms a monetary structure where increased demand for any of the network’s smart tokens drives up the value of the common BANCOR token, benefiting all other smart tokens holding it in reserve.

The Ethscan showed that there were 10,885 buyers with an average investment size of $13,471. Of the 50% withheld from investors Bancor plans to follow this distribution plan with 40% dedicated to software development, 20% as an Ethereum reserve for BNT, 12% toward marketing and business development, 10% for seeding Token Changes (smart tokens that hold multiple reserves and allow for direct exchange between them) and exchange-traded funds (Token Baskets), 8% for operational costs, 5% for legal expenses, and the remaining 5% for miscellaneous purposes. 

Team:

  • Bernard Lietaer: Foundation Council President.
  • Guido Schmitz-Krummacher: Foundation Council.
  • Eyal Hertzog: Foundation Council. (LinkedIn);
  • Guy Benartzi: Foundation Council. (LinkedIn);
  • Yehuda Levi: CTO. (LinkedIn);
  • Galia Benartzi: Business Development. (LinkedIn, Facebook);
  • Ilana Pinhas: VP Engineering. (LinkedIn);
  • Or Bachar: Core Developer. (LinkedIn);
  • Omry Rozenfeld: Core Developer. (LinkedIn);
  • Asaf Rachman: Core Developer. (LinkedIn);
  • Mati Levi: QA Engineer. (LinkedIn);
  • Itay Dreyfus: Product Designer. (LinkedIn);

 

 

With the surplus funds raised Bancor has created a price floor smart contract that will buy back BNT tokens when they go below the inital 0.01 ETH price. 

ICO Status Finished
Token Supply 79323978
Start Date 2017-06-12
End Date 2017-06-12
Fund Raised (BTC) 396,720 ETH
Fund Raised (USD) 153000000
Start Price (USD) 3.69
Security Audit Company N/A
ICO Legal Form Foundation
ICO Jurisdiction Switzerland
Legal Advisers N/A
Blog https://medium.com/bancor
White Paper https://drive.google.com/file/d/0B3HPNP-GDn7aLXFWOFpTZEgyaEk/view