【BNT / Bancor Network Token】

Market capitalization: 981.82 billion

A system that adds liquidity to all virtual currencies and makes them tradable.

It can increase the liquidity of minor currencies and increase the number of currency pairs that can be exchanged by connecting multiple tokens. Also, minor currencies can be exchanged instantly with zero fees.

The price of the currency on Bancor is the same for both buyers and sellers, so there is no spread.

Bancor is a virtual currency issued for the purpose of ensuring liquidity of virtual currencies.

Smart tokens are issued using a mechanism called the Bancor Protocol.

The issuer of the smart token needs to prepare a set of "reserves" to issue the smart token.

Transactions take place between the issuer of the smart token and the user who wants to buy the smart token.

The smart token issuer and the users who want to buy the smart tokens will trade with each other, adjusting the amount of tokens in circulation and the reserve according to the market conditions.

The price of the token is automatically determined through the smart contract, so investors will always be able to buy and sell smart tokens.

The platform is the ERC20 series of tokens used by Ethereum.

Official website : https://www.bancor.network/