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.

Buy BNT
Rating

BB

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)

Buy BNT
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 - -
Links