Bancor Buy Token

www.bancor.network

Total Value Locked

$18.7M

USD Locked

$18.7M

ETH Supply Locked

13,353.85

Blockchain

Ethereum

Change

0.49%

What is bancor?

Bancor is a decentralized, non-custodial exchange based on the Ethereum blockchain, which uses the mutual liquidity fund to allow users to freely trade the assets available on the exchange

Trading tokens using this DEX, which stands for Decentralized Exchange, does not require the need to find a counterparty, but rather the Bancor protocol itself provides and guarantees the necessary liquidity to the entire ecosystem. This process takes place through a “market-making” algorithm that uses “Smart Tokens”, gradually adjusting the supply of the required tokens. 

Smart Tokens are created using Ethereum’s Smart Contracts and are based on the ERC20 protocol; Bancor was the first to use them and they serve to provide continuous liquidity to the network without the practical need to trade them within the exchange. 

The native asset is called the Bancor Network Token (BNT) and is used to connect all other tokens in the Bancor network, ensuring instant exchanges with all supported assets within the ecosystem through the use of Smart Tokens. 

Besides the native tokens from the Ethereum blockchain, the Bancor wallet also supports conversions with tokens from the EOS blockchain. This service has already been present in the market, and in particular on Bancor’s exchange, for a year and a half.

How to use bancor?

Since its launch in June 2017, Bancor has achieved tremendous success, collecting 396,720 ETH (corresponding to $153 M) from 10,885 investors during its ICO campaign. A couple of years later, in September 2019, thanks to its innovative infrastructure, the network boasted a total conversion volume of $2B. 

That same month, in order to stimulate this cumulative acceleration of liquidity within the network, Bancor distributed its entire BNT reserve to all of its shareholders, which amounted to approximately 10% of BNT's market capitalization. 

During the same period, it announced a campaign called the "Bancor Foundation Grants Program" aimed at generating a wider range of developers on the Bancor protocol, rewarding noteworthy projects through cash grants. 

This initiative gave birth to PEG Network, whose first use case was a stable version of the BNT token (USDB), which allows users to access Bancor's liquidity network without direct exposure to the native BNT token.  

Bancor Historical Stats

  • Date
  • TVL (USD)
  • TVL Change
  • Total ETH Locked
  • ETH Locked 1d
  • 18 Sep 2020
  • TVL USD $18,834,545
  • TVL Change $275,347.00
  • Total ETH Locked 13,229 ETH
  • ETH Locked 1d -570.01 ETH
  • 17 Sep 2020
  • TVL USD $18,559,198
  • TVL Change $-268,991.00
  • Total ETH Locked 13,799 ETH
  • ETH Locked 1d -310.12 ETH
  • 16 Sep 2020
  • TVL USD $18,828,189
  • TVL Change $-1,718,094.00
  • Total ETH Locked 14,109 ETH
  • ETH Locked 1d -411.89 ETH
  • 15 Sep 2020
  • TVL USD $20,546,283
  • TVL Change $707,016.00
  • Total ETH Locked 14,521 ETH
  • ETH Locked 1d -67.24 ETH
  • 14 Sep 2020
  • TVL USD $19,839,267
  • TVL Change $-1,355,603.00
  • Total ETH Locked 14,588 ETH
  • ETH Locked 1d -197.48 ETH
  • 13 Sep 2020
  • TVL USD $21,194,870
  • TVL Change $614,725.00
  • Total ETH Locked 14,785 ETH
  • ETH Locked 1d 19.46 ETH
  • 12 Sep 2020
  • TVL USD $20,580,145
  • TVL Change $-76,317.00
  • Total ETH Locked 14,766 ETH
  • ETH Locked 1d -160.63 ETH
  • 11 Sep 2020
  • TVL USD $20,656,462
  • TVL Change $393,285.00
  • Total ETH Locked 14,926 ETH
  • ETH Locked 1d -477.16 ETH
  • 10 Sep 2020
  • TVL USD $20,263,177
  • TVL Change $1,733,769.00
  • Total ETH Locked 15,404 ETH
  • ETH Locked 1d 588.97 ETH
  • 09 Sep 2020
  • TVL USD $18,529,408
  • TVL Change $-1,002,612.00
  • Total ETH Locked 14,815 ETH
  • ETH Locked 1d -153.45 ETH
  • 08 Sep 2020
  • TVL USD $19,532,020
  • TVL Change $-523,437.00
  • Total ETH Locked 14,968 ETH
  • ETH Locked 1d -401.03 ETH
  • 07 Sep 2020
  • TVL USD $20,055,457
  • TVL Change $1,958,393.00
  • Total ETH Locked 15,369 ETH
  • ETH Locked 1d 616.93 ETH
  • 06 Sep 2020
  • TVL USD $18,097,064
  • TVL Change $-4,021,740.00
  • Total ETH Locked 14,752 ETH
  • ETH Locked 1d -813.68 ETH
  • 05 Sep 2020
  • TVL USD $22,118,804
  • TVL Change $-603,166.00
  • Total ETH Locked 15,566 ETH
  • ETH Locked 1d -666.12 ETH
  • 04 Sep 2020
  • TVL USD $22,721,970
  • TVL Change $-3,501,574.00
  • Total ETH Locked 16,232 ETH
  • ETH Locked 1d 261.83 ETH
  • 03 Sep 2020
  • TVL USD $26,223,544
  • TVL Change $-4,472,460.00
  • Total ETH Locked 15,970 ETH
  • ETH Locked 1d -128.62 ETH
  • 02 Sep 2020
  • TVL USD $30,696,004
  • TVL Change $2,455,085.00
  • Total ETH Locked 16,099 ETH
  • ETH Locked 1d -932.35 ETH
  • 01 Sep 2020
  • TVL USD $28,240,919
  • TVL Change $-3,501,392.00
  • Total ETH Locked 17,031 ETH
  • ETH Locked 1d -588.31 ETH
  • 31 Aug 2020
  • TVL USD $31,742,311
  • TVL Change $1,002,753.00
  • Total ETH Locked 17,619 ETH
  • ETH Locked 1d -942.70 ETH
  • 30 Aug 2020
  • TVL USD $30,739,558
  • TVL Change $-731,149.00
  • Total ETH Locked 18,562 ETH
  • ETH Locked 1d -935.35 ETH