Admin: Created page with "{{#seo: |title= Bancor (BNT) - BANCOR Network - zaoniao Wiki |keywords= Bancor System, BANCOR Network, Bancor protocol, Bancor (BNT),Bancor protocol,BNT |description= Bancor..."

2019-04-05T04:07:12Z

Created page with "{{#seo: |title= Bancor (BNT) - BANCOR Network - zaoniao Wiki |keywords= Bancor System, BANCOR Network, Bancor protocol, Bancor (BNT),Bancor protocol,BNT |description= Bancor..."

New page

{{#seo:
|title= Bancor (BNT) - BANCOR Network - zaoniao Wiki
|keywords= Bancor System, BANCOR Network, Bancor protocol, Bancor (BNT),Bancor protocol,BNT
|description= Bancor Network (BNT) is a decentralized liquidity network that allows you to hold any token and convert it to any other token in the network, with no counter party, at an automatically calculated price, using a simple web wallet
}}
<amp/>
[[File:bancor.jpeg|400px|right|Bancor Protocol]]
'''The Bancor Network (BNT)''' is a decentralized liquidity network that allows you to hold any token and convert it to any other token in the network, with no counter party, at an automatically calculated price, using a simple web wallet. BANCOR Network [[ICO]] start date: 2017-06-12

==What Is the Bancor Network Token?==
The Bancor Network Token, or BNT, is the hub network token. It activated in June 2017. Users can convert any token within the network to BNT or vice versa. They can use it is an intermediary to convert tokens between each other. The Bancor Formula calculates the rate for these conversions.

The Bitcoin Wiki provides a relevant Bancor Price (BNT) and market capitalization on the [[Coinmarketcap]] widget:
<div style="display:none"><div id="coinmarketcap-bitcoin"></div></div><div class="coinmarketcap-currency-widget" data-currencyid="1727" data-base="USD" data-secondary="BTC" data-ticker="true" data-rank="true" data-marketcap="true" data-volume="true" data-stats="USD" data-statsticker="false"></div>

==Concept==
[[The Bancor Protocol|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. Thereby enabling the long-tail of completely liquid [[cryptocurrencies]].

Smart tokens hold other tokens in reserve, and can be used as decentralized [[token]] baskets (like ETFs), [[token]] changers (like shapeshift), project & protocol tokens (like GNT & REP), community currencies (like Ithacash & reward miles), and a lot of other use cases.

The [[BANCOR Network|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|BANCOR network]].

The [[BANCOR Network|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.

More information in the project [[whitepaper]]: [https://drive.google.com/file/d/0B3HPNP-GDn7aLXFWOFpTZEgyaEk/view BANCOR Network White Paper]

==What Is the Bancor Protocol?==
:''Main page: [[Bancor]]''

The protocol is revolutionary because of its ability to make it possible to convert tokens without any need to match two parties whose desires work together. Instead of each buyer requiring a seller and vice versa, the simple formula behind the '''Bancor Protocol '' balances sells and buys to ensure that each token within the network keeps up its formulaic relationship with other tokens. It is this relationship that leads to the continuous liquidity without concern for exchange listings or trade volume[https://blockonomi.com/bancor-guide/ Bancor System guide].

==See also==
* [[Bancor]]
* [[Crypto]]
* [[Sharding]]
* [[HAVAL]]
* [[TDAX.COM]]

==External links==
* [https://www.bancor.network/ BANCOR Network Project website]
* [https://t.me/bancor BANCOR Network Telegram]
* [https://twitter.com/bancornetwork BANCOR Twitter]
* [https://bancornetwork.slack.com/join/shared_invite/MTc2NTk4MTE3NzE1LTE0OTM1NTMzNjYtNWY1Yjg5NDg5Ng BANCOR Network Slack]
* [https://www.facebook.com/bancor BANCOR Protocol Facebook]

==Resources==
[https://about.bancor.network/network/ About Bancor system] <br>
[https://www.bancor.network/ BANCOR Network Project website] <br>
[https://tokenmarket.net/blockchain/ethereum/assets/bancor-network/ bancor protocol] <br>
[https://blockonomi.com/bancor-guide/ Bancor protocol guide] <br>
[[Category:Token]]

BANCOR Network - Revision history

Admin: Created page with "{{#seo: |title= Bancor (BNT) - BANCOR Network - zaoniao Wiki |keywords= Bancor System, BANCOR Network, Bancor protocol, Bancor (BNT),Bancor protocol,BNT |description= Bancor..."