1H
0.17%$0.0008
24H
6.00%$0.0268
7D
1.89%$0.0088
30D
-13.0%$0.0709
Bancor Protocol (BNT) is a standard for the creation of Smart Tokens™, cryptocurrencies with built-in convertibility directly through their smart contracts. Now the Bancorp project is one of the most sensational topics in the cryptocurrency community. On June 12, the project team gathered in less than three hours 396 720 ETH. At the exchange rate at that time it is more than $140 million. Tokens Bancor (BNT) in total bought 10885 investors. One of them bought 6,9 million BNT tokens at once, laying out the equivalent of $27 million. In the hands of the team Bancor at one point moved 0.5% ETH from the total. Bancor is going to ensure the exchange of tokens of the ERC20 standard (on the Ethereum blockchain) directly with each other, bypassing the cryptocurrency exchanges. This should increase liquidity in the Ethereum token market and eliminate commissions, and therefore reduce user costs during the exchange. And transactions between different tokens will be carried out with the help of smart contracts. The alpha version of the bancor Protocol is already working, and there is also a software wallet for BNT tokens.
There are a lot of talks that today the traditional centralized finance system can’t satisfy all the currently existing demands. But are there any other options? In this guide, we will tell you about DeFi, its decentralized counterpart.
Based on our analysis of over 30 crypto exchanges that cater to Australian users, Bitcoin.com.au, Independent Reserve, and Binance rise to the top for different reasons, including beginner-friendliness, security, and broad token coverage.