Bancor Rank 88
$3.533258
Bancor Rank 88
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212,982,423 BNT

Bancor
Bancor
BNT

Bancor Price
$ 3.53

Bancor 24h Vol
$51,447,629

Bancor Market Cap
$752,521,867

24h Vol
1,427 BTC
1 H
0.48 %
24 H
0.85 %
7 d
-7.03 %
Today Bancor price in US dollars is currently 3.53 USD, and if converted to Bitcoin is 0.00009802 BTC. A total of 212,982,423 BNT are currently circulating in the Market. Bancor price is currently experiencing a change of 0.85 %, and check here all cryptocurrency. Over the past 24 hours 0.514 M US dollars Bancor have been traded on Crypto Exchanges. Get Bancor's progress by adding it to your favourites and creating a free portfolio.
Full Name
Bancor
Symbol
BNT
Algorithm
ETH Token
BTC Price
0.00009802 BTC
BTC Market
20,877 BTC
BTC 24h Vol
1,427 BTC
Total Coins Mined
212,982,423 BNT
1h
0.48 %
24h
0.85 %
7d
-7.03 %
Twitter
Website
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Description

Description


The Bancor Protocol is a blockchain-based system for discovery and a liquidity mechanism supporting multiple smart contract platforms. The flexibility of these blockchains allows tokens to be locked in reserve and to issue smart tokens on the Bancor system, enabling anyone to instantly purchase or liquidate the smart token in exchange for any of its reserve tokens.

The BNT is the first smart token on the Bancor system and it will hold a single reserve in Ether. Other smart tokens, by using BNT as one of their reserves, connect to the BNT network. The BNT establishes network dynamics where increased demand for any of the network’s smart tokens increases demand for the common BNT, benefiting all other smart tokens holding it in reserve.

ICO Details

ICO Details


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The Bancor protocol is a standard that allows anyone to easily create completely liquid “smart tokens” that calculate their own prices & enable a single party to convert any token to another, without requiring a second party to exchange with. The BANCOR network token will hold a single reserve in Ether. Other smart tokens, by using BANCOR as (one of) their reserve(s), connect to the BANCOR network. The BANCOR network token forms a monetary structure where increased demand for any of the network’s smart tokens drives up the value of the common BANCOR token, benefiting all other smart tokens holding it in reserve.

The Ethscan showed that there were 10,885 buyers with an average investment size of $13,471. Of the 50% withheld from investors Bancor plans to follow this distribution plan with 40% dedicated to software development, 20% as an Ethereum reserve for BNT, 12% toward marketing and business development, 10% for seeding Token Changes (smart tokens that hold multiple reserves and allow for direct exchange between them) and exchange-traded funds (Token Baskets), 8% for operational costs, 5% for legal expenses, and the remaining 5% for miscellaneous purposes. 

Team:

  • Bernard Lietaer: Foundation Council President.
  • Guido Schmitz-Krummacher: Foundation Council.
  • Eyal Hertzog: Foundation Council. (LinkedIn);
  • Guy Benartzi: Foundation Council. (LinkedIn);
  • Yehuda Levi: CTO. (LinkedIn);
  • Galia Benartzi: Business Development. (LinkedIn, Facebook);
  • Ilana Pinhas: VP Engineering. (LinkedIn);
  • Or Bachar: Core Developer. (LinkedIn);
  • Omry Rozenfeld: Core Developer. (LinkedIn);
  • Asaf Rachman: Core Developer. (LinkedIn);
  • Mati Levi: QA Engineer. (LinkedIn);
  • Itay Dreyfus: Product Designer. (LinkedIn);

 

 

With the surplus funds raised Bancor has created a price floor smart contract that will buy back BNT tokens when they go below the inital 0.01 ETH price. 

ICO Status Finished
Token Supply 79323978
Start Date 2017-06-12
End Date 2017-06-12
Fund Raised (BTC) 396,720 ETH
Fund Raised (USD) 153000000
Start Price (USD) 3.69
Security Audit Company N/A
ICO Legal Form Foundation
ICO Jurisdiction 557
Legal Advisers N/A
Blog https://medium.com/bancor
White Paper https://drive.google.com/file/d/0B3HPNP-GDn7aLXFWOFpTZEgyaEk/view

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