What is Bancor (BNT)?

Bancor (BNT) is a decentralized finance protocol that enables users to trade cryptocurrencies directly through automated liquidity pools without the need for traditional exchanges.

What are the risks associated with transferring Bancor (BNT)?

Digital asset prices can be volatile. Users should verify contract addresses and networks before transferring assets, and be aware of custody and counterparty risks.

How can I verify the acquisition of Bancor (BNT)?

Ensure you verify the asset name, network, and contract details before transferring Bancor. Check the destination address and network before sending.

Where can I find official resources for Bancor (BNT)?

Official resources for Bancor include their website at https://www.carbondefi.xyz/, their whitepaper at https://www.carbondefi.xyz/whitepaper, and their GitHub repository at https://github.com/bancorprotocol/.

Bancor (BNT)

Rank #489

Market snapshot

Price: $0.327941
Market cap: $33.3M
24h volume: $2.6M
Circulating supply: 101,480,425.9638
Total supply: 101,480,425.9638
Max supply: N/A

What is Bancor?

Bancor is a decentralized protocol designed to facilitate the trading of cryptocurrencies through automated liquidity pools. It allows users to convert different tokens directly on the platform without relying on a centralized exchange. Bancor's architecture supports various blockchain networks, enhancing its accessibility and usability.

Key information

Symbol: BNT
CMC rank: #489
Network / platforms: Ethereum, Gnosis Chain, Solana
Categories: N/A
Date added: Jun 18, 2017

Contract address

Contract addresses are stored from CoinMarketCap metadata and are shown as recorded. CoinLoom does not independently certify them as official.

Ethereum
0x1f573d6fb3f13d689ff844b4ce37794d79a7ff1c
Gnosis Chain
0x9a495a281D959192343B0e007284bf130bd05F86
Solana
EDVVEYW4fPJ6vKw5LZXRGUSPzxoHrv6eWvTqhCr8oShs

Official resources

Risks

Digital asset prices can be volatile and can change materially. Users should verify the contract address and network before transferring assets. Self-custody requires secure private-key and recovery-phrase handling. Centralized platforms can involve operational, custody, and counterparty risk. Availability and regulatory treatment can vary by jurisdiction. Transaction finality and reversibility can differ by network.

Transfer and custody notes

Verify the asset name, network, and any supplied contract details before transferring. Verify destination address and network before sending assets. Review the custody method, including self-custody versus a third-party platform. Understand that transfers may be irreversible and that CoinLoom does not confirm exchange availability.

FAQ

What is Bancor (BNT)?: Bancor (BNT) is a decentralized finance protocol that enables users to trade cryptocurrencies directly through automated liquidity pools without the need for traditional exchanges.
What are the risks associated with transferring Bancor (BNT)?: Digital asset prices can be volatile. Users should verify contract addresses and networks before transferring assets, and be aware of custody and counterparty risks.
How can I verify the acquisition of Bancor (BNT)?: Ensure you verify the asset name, network, and contract details before transferring Bancor. Check the destination address and network before sending.
Where can I find official resources for Bancor (BNT)?: Official resources for Bancor include their website at https://www.carbondefi.xyz/, their whitepaper at https://www.carbondefi.xyz/whitepaper, and their GitHub repository at https://github.com/bancorprotocol/.

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