
Bancor Network
BNTWaiting for a dated CoinGecko observation.
Bancor Network (BNT)
What is Bancor Network?
About Bancor? Bancor is an ecosystem of decentralized, open-source protocols that promote on-chain trading and liquidity. Its main protocol, Carbon, is a decentralized trading protocol allowing users to perform automated trading strategies using custom on-chain limit orders and range orders, with the option of combining orders together to create automated buy low, sell high strategies. Fast Lane, a separate open-source arbitrage protocol, allows any user to perform arbitrage between Bancor ecosystem protocols and external on-chain exchanges and redirect arbitrage profits back to the Bancor ecosystem. All Bancor ecosystem protocols are governed by the BancorDAO via staked BNT. What makes Bancor Unique? Bancor’s flagship protocol, Carbon, allows users to perform automated trading strategies on-chain with far greater control and efficiency compared to existing decentralized exchanges (DEXs). Existing on-chain liquidity solutions suffer from key drawbacks, namely that: 1) executed orders can be reversed when prices move, and 2) a single liquidity position must execute both buys and sells using the same pricing curve. As a result, on-chain liquidity is costly and complex to automate and update, while exposing traders to MEV sandwich attacks. Carbon introduces a new form of on-chain liquidity called Asymmetric Liquidity, which allows users to create individual liquidity positions with two distinct pricing curves: one for buying and one for selling. This gives users the ability to set buy and sell orders that execute in specific price ranges, with the option of combining orders together to create automated buy low, sell high strategies. By design, Carbon orders are irreversible on execution, easily adjustable directly on-chain, and completely resistant to MEV sandwich attacks. These capabilities give users an unprecedented level of control and automation to perform novel trading strategies on-chain. For example, a user who believes ETH will trade in the near future between $1500-2000 could set a Carbon strategy that automatically buys ETH between $1500-1600 and sells the ETH from $1900-2000.
Key Facts & Snapshot
- Symbol: BNT
- CoinGecko id:
bancor - Market cap rank (CoinGecko): #603
- Categories: Decentralized Exchange (DEX), Exchange-based Tokens, Decentralized Finance (DeFi), Automated Market Maker (AMM), Ethereum Ecosystem, DeFiance Capital Portfolio, Energi Ecosystem, Governance
- Genesis / launch date: 2017-06-12
- Circulating supply (snapshot): 108,905,503
- Total supply (snapshot): 108,905,503
- Max supply (snapshot): 110,542,365
- All-time high (USD, CoinGecko): $10.72 (Jan 9, 2018)
- All-time low (USD, CoinGecko): $0.1209 (Mar 13, 2020)
Market (USD snapshot)
- Market cap (USD, snapshot): $32.65M
- 24h volume (USD, snapshot): $208.12K
- Fully diluted valuation (USD, snapshot): $32.65M
- 24h price change (snapshot): +0.66%
Community & code (CoinGecko)
- Telegram members (CoinGecko): 3,984
- GitHub stars (main repo, CoinGecko): 883
- GitHub forks (main repo, CoinGecko): 394
Contract addresses (by platform)
- ethereum:
0x1f573d6fb3f13d689ff844b4ce37794d79a7ff1c - energi:
0x9419e8edcf570a71eb0dd006602949742b711a80
Official & Community Links
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Bancor Network Sectors
All sectors →Bancor Network is tracked in the following market sectors on Best Info Crypto. Each page shows live aggregate data for that category.