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What is Bancor?
Bancor is a blockchain protocol that allows users to directly and instantly convert various virtual currency tokens instead of exchanging them on cryptocurrency exchanges such as Coinbase. Bancor aims to eliminate the middleman by creating a virtual reserve currency, which they call the Bancor Network Token (BNT), and an automatic exchange mechanism in which prices and trading volumes are automatically controlled through a protocol.
BNT is a Bancor network token, which is the primary token used in the Bancor network. Bancor own reserve currency token, BNT, is the default reserve currency for all smart tokens created in the Bancor network. converted to and from BNT. The Bancor protocol performs conversions between various ERC-20 compliant tokens. Each smart token is linked to smart tokens that contain reserves of other ERC-20 tokens. Tokens are converted internally based on these reservations and depending on the volume of user requests.
How to use Bancor (BNT)
A long-term investment in BNT with the expectation of it increasing in value. You can safely store your BNT in Guarda Wallet.
Instantly exchange Bancor with the best BNT exchange rates. We offer many trading pairs for Bancor trading through our exchange partners.
Guarda allows you to easily buy Bancor online and send it to anyone and anywhere with their Bancor address.
Bancor is the only decentralized staking protocol that allows you to earn money with single-token exposure and full protection from impermanent loss.
Receive Bancor from anyone instanteniously through your web browser, mobile phone or desktop app.
Learn more about Bancor
You can read more detailed articles about Bancor and blockchain as a whole in our Academy.
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