Bancor Buy Token

www.bancor.network

Total Value Locked

$29.4M

USD Locked

$29.4M

ETH Supply Locked

21,781.44

Blockchain

Ethereum

Change

8.15%

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
  • 05 Aug 2020
  • TVL USD $27,446,187
  • TVL Change $254,123.00
  • Total ETH Locked 20,596 ETH
  • ETH Locked 1d 89.69 ETH
  • 04 Aug 2020
  • TVL USD $27,192,064
  • TVL Change $1,302,665.00
  • Total ETH Locked 20,507 ETH
  • ETH Locked 1d 173.23 ETH
  • 03 Aug 2020
  • TVL USD $25,889,399
  • TVL Change $-548,154.00
  • Total ETH Locked 20,333 ETH
  • ETH Locked 1d 196.51 ETH
  • 02 Aug 2020
  • TVL USD $26,437,553
  • TVL Change $2,578,137.00
  • Total ETH Locked 20,137 ETH
  • ETH Locked 1d 14.44 ETH
  • 01 Aug 2020
  • TVL USD $23,859,416
  • TVL Change $246,915.00
  • Total ETH Locked 20,123 ETH
  • ETH Locked 1d -473.59 ETH
  • 31 Jul 2020
  • TVL USD $23,612,501
  • TVL Change $2,085,880.00
  • Total ETH Locked 20,596 ETH
  • ETH Locked 1d 873.70 ETH
  • 30 Jul 2020
  • TVL USD $21,526,621
  • TVL Change $-96,138.00
  • Total ETH Locked 19,722 ETH
  • ETH Locked 1d -131.56 ETH
  • 29 Jul 2020
  • TVL USD $21,622,759
  • TVL Change $986,598.00
  • Total ETH Locked 19,854 ETH
  • ETH Locked 1d 1,029.34 ETH
  • 28 Jul 2020
  • TVL USD $20,636,161
  • TVL Change $-507,860.00
  • Total ETH Locked 18,825 ETH
  • ETH Locked 1d -851.80 ETH
  • 27 Jul 2020
  • TVL USD $21,144,021
  • TVL Change $462,362.00
  • Total ETH Locked 19,676 ETH
  • ETH Locked 1d -74.48 ETH
  • 26 Jul 2020
  • TVL USD $20,681,659
  • TVL Change $907,865.00
  • Total ETH Locked 19,751 ETH
  • ETH Locked 1d -542.13 ETH
  • 25 Jul 2020
  • TVL USD $19,773,794
  • TVL Change $-1,791,243.00
  • Total ETH Locked 20,293 ETH
  • ETH Locked 1d -2,241.11 ETH
  • 24 Jul 2020
  • TVL USD $21,565,037
  • TVL Change $-345,935.00
  • Total ETH Locked 22,534 ETH
  • ETH Locked 1d -1,027.05 ETH
  • 23 Jul 2020
  • TVL USD $21,910,972
  • TVL Change $607,738.00
  • Total ETH Locked 23,561 ETH
  • ETH Locked 1d -883.77 ETH
  • 22 Jul 2020
  • TVL USD $21,303,234
  • TVL Change $-37,641.00
  • Total ETH Locked 24,445 ETH
  • ETH Locked 1d -721.96 ETH
  • 21 Jul 2020
  • TVL USD $21,340,875
  • TVL Change $-510,497.00
  • Total ETH Locked 25,167 ETH
  • ETH Locked 1d -248.40 ETH
  • 20 Jul 2020
  • TVL USD $21,851,372
  • TVL Change $202,397.00
  • Total ETH Locked 25,415 ETH
  • ETH Locked 1d -379.53 ETH
  • 19 Jul 2020
  • TVL USD $21,648,975
  • TVL Change $1,388,064.00
  • Total ETH Locked 25,795 ETH
  • ETH Locked 1d 1,198.97 ETH
  • 18 Jul 2020
  • TVL USD $20,260,911
  • TVL Change $-178,654.00
  • Total ETH Locked 24,596 ETH
  • ETH Locked 1d -111.02 ETH
  • 17 Jul 2020
  • TVL USD $20,439,565
  • TVL Change $-254,524.00
  • Total ETH Locked 24,707 ETH
  • ETH Locked 1d 269.00 ETH