Bancor Network Token (BNT) had a bad 24 hours as the crypto declined $-0.0451211309999999 or -6.33% trading at $0.667904149. According to Top Cryptocoin Analysts, Bancor Network Token (BNT) eyes $0.7346945639 target on the road to $1.96302002864615. BNT last traded at Binance exchange. It had high of $0.718038739 and low of $0.661219537 for April 23-24. The open was $0.71302528.
Bancor Network Token (BNT) is up 15.00% in the last 30 days from $0.5808 per coin. Its up 14.56% in the last 100 days since when traded at $0.583 and the annual trend is down. 200 days ago BNT traded at $1.47. BNT has 74.10 million coins mined giving it $49.49 million market cap. Bancor Network Token maximum coins available are 79.32M. BNT uses algorithm and proof type. It was started on 13/02/2017.
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.
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