1H
-0.94%$0.0042
24H
-2.76%$0.0125
7D
-11.1%$0.0552
30D
-17.9%$0.0959
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.
To help our readers become more acquainted with what brokerage is all about and understand the terms surrounding it, we’ve provided a fully detailed guide on brokerage activity and brokers types.
Anyone who has ever invested in securities has encountered the term ‘dematerialization’. In the following guide, we will explore what dematerialization is, how it started, and why it is important.