Bancor is the name of a token and platform for exchanging cryptocurrencies through smart contracts without the use of trading platforms. Founded in 2017, Bancor is the DeFi industry leader for 2021. It is built on the Ethereum ERC-20 protocol (smart contracts). The goal of the project is to solve the liquidity problem of exchanging Bancor with any compatible altcoins, even unpopular ones.
Bancor cryptocurrency provides conversion of tokens, the blockchain of which is developed on ERC-20 or the EOS standard. It administers self-managed liquidity pools, and also attracts altcoin providers to replenish working capital with payment of remuneration. All transactions are performed by a chain of smart contracts.
In simple words, Bancor network coin allows owners of virtual coins to earn in passive mode. To receive interest, it is enough to buy Bancor, send it to the pool address and hold it to create liquidity (keep it in staking). You can withdraw funds at any time.
Founders:
The cryptocurrency BNT is a token of the Bancor Network Token platform. It is intended for internal calculations.
The project has raised about 145 million USD during its initial public offering. At the end of 2021 it has the following indicators:
Staking turnover on the platform is more than 10 billion USD per day.
The current price is just below 50% of the historical range, and one BNT is valued at 4.0-4.5 USD. With the upward trend of the crypto market, this is a good level to enter. Such a point of view is reflected by the advisor of short-term and long-term trades, built on the aggregate indicators of 26 popular technical indicators.
The issuance was a one-time thing. There is no mining on the network. You can only buy BNT, although without experience it is either difficult or unprofitable.
Distinctive features of the professional platforms are expressed in the following:
99% of online exchangers are not certified. They usually suggest
As a result, during the operation for 10 thousand rubles up to 15% is lost on unfair cost and commission.
For beginners there is only one alternative to buy or sell Bancor cryptocurrency - licensed platforms of the new type with depositing services in rubles, dollars, cryptocurrencies and simplified verification like Broex.
Broex.io services include
You can exchange, buy or sell BNT in a single window. There is also a button to withdraw BNT. You can use the chart for quick analysis.
Before you start working on the broex.io platform you need to register by entering your password and email. In case of difficulties, you should contact the support chat. An operator will contact you within a few minutes and tell you how to buy or exchange BNT, and to which wallet it is easier to withdraw Bancor. You can communicate with other users of the service in social networks by clicking on the links in the bottom menu of the main page of the website.