Bancor Network Ltd
Name
Bancor Network Ltd
Summary
-Bancor is basically a DEX protocol. The Bancor protocol uses an automated market maker (AMM) smart contract to enable token trades against token liquidity pools without matching buyers and sellers
-It was founded in 2016 by Galia Benartz, Yehuda Levi, and Guy Ben Artzi
-Bancor is based on the Ethereum and EOS Blockchain network.
Rating
Symbol
BNT
Overview
Bancor has a built-in token called BNT that serves as the common price token to complete trades and other smart contract tokens. A small part of the total trading fees are distributed to Liquidity Providers, or LPs, that deposit tokens into Liquidity Pool as a reward or a commission. Trading fees also protect user deposits from Non- permanent Loss, while minted and burned BNT supply maintains the constant market function for continuous token pricing.
Bancor already exists on Ethereum and EOS; it has the ability to be used in any smart contract-enabled blockchain network to provide cross-chain liquidity.
Historical Price Movement (in INR)
Technology
Bancor is based on Ethereum and it uses Proof of Stake ( PoS) for its consensus mechanism
Token Allocation
N.A
Volume ( as of 11th april 2022)
$22,264,055
Total Supply
262,808,414.28 BNT
Circulating Supply
262,808,414.28 BNT
Funding
01/02/2018-Seed Round-N.A
06/07/2017-ICO-$10K
12/06/2017-ICO-$152.3M
Country
Switzerland
Year Incorporated
2016
Registered Address
Zug,Zug,Switzerland
Dispute Resolution and Governing Law
Switzerland
Country Risk Assessment
A1
Founding Team
| Name | Designation | Education | Experience |
| Galia Benartz | Co-Founder | The Johns Hopkins University - Paul H. Nitze School of Advanced International Studies (SAIS) | 11Yrs |
| Yehuda Levi | CTO | - | 16.5Yrs- |
| Guy Ben Artzi | Co-Founder | - | - |
