- What Is Bancor BNTBancor is the only decentralized staking protocol that allows you to earn money with singletoken exposure and full protection from impermanent loss. - Launched in 2017, Bancor was the first #DeFi protocol.Today, it generates millions in fees per month for depositors, offering up to 60% APR on tokens like ETH, WBTC, LINK, MATIC, AAVE & more. - Bancor is owned by its community as a decentralized autonomous organization Bancor #DAO .The protocol token used on the network is the “Bancor Network Token,” BNT. - The protocol’s token allows traders to provide liquidity for the pools available on the network. - Anyone can contribute liquidity to the pools. - When liquidity providers contribute liquidity to a pool, they are eligible to receive fees for trades that pass through the pool. - Liquidity providers will receive pool tokens that represent their share of liquidity, fees, and Liquidity Mining rewards in the pool.How Many Bancor BNT Coins Are In CirculationThe Bancor Network Token BNT has an elastic supply, afforded by the protocols minting and burning of tokens to maintain trading liquidity levels in Bancor pools. - Protocolowned trading liquidity earns swap fees from trading volume, such that the protocol comes to hold more BNT over time. - The protocols new balance of BNT is then burned in exchange for pool tokens when LPs stake the equivalent amount of their own BNT. - Due to swap fees earned, more BNT is ultimately burned than was initially supplied by the protocol. - This excess of BNT is then burned to offset the cost of impermanent loss, deflating the overall supply of BNT in the long term.How Is The Bancor Network SecuredBancor is one of the longestrunning and most heavily audited projects in crypto, receiving stellar ratings from leading auditors including Certik, PeckShield, and Halborn. - In addition, Bancor received one of the highest safety scores to date by DeFiSafety 96% in 2021.Our most recent articles about Bancor:Impermanent Loss: What Is It and How Can I Reduce Its ImpactCrypto Outperforms Traditional Markets With #DEX Tokens Leading the Way: A Data Perspective by IntoTheBlock.
Summary of the coin Bancor Network
market value (Market Capital) Ranked 455
highest price statistics: 10.72 $USD total number of coins(Supply): 131,130,057.74 coin circulated (Circulated): 131,130,057.74 coin
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