$7.28
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30D
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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.
Since the announcement, there has been a mixed price reaction. While some like Filecoin, Bancor, and Yearn Finance have gained by as much as 10%. Others like Cardano have barely moved, recording a marginal move of less than 1%.
Gemini said that this decision comes amid its efforts to support projects that redefine the boundaries of finance, gaming, and art, and offer more financial independence.
Through this new partnership, 1inch users will get the best rates for TRON assets. Moreover, liquidity providers on the TRON blockchain will benefit from Mooniswap’s virtual balances.
Oasis Network’s privacy-preserving components will have the ability to collect data from multiple sources via Chainlink and use it as input for privacy-preserving computation models that only release the outputs while the data and the models are kept private.
The data from Messari shows that all the platforms built on Ethereum have a combined market cap of $63.7 billion. This is nearly 20% of the total market capitalization of the coin.