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BNT Exchanges - Trade BNT here:

BNT is a real Shitcoin! 💩 You can trade BNT on these exchanges: indacoin.com, latoken.com, livecoin.net, lykke.com, upbit.com, Binance.com, bitforex.com, coss.io, gate.io, hitbtc.com. See Details below.

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indacoin.com Exchange Reviews Logo gb NO KYC needed CEX 948+
  • USD
  • EUR
  • RUB
  • Market Buy/Sell
NO NO NO YES gb sa de es fr it ru tr Since 2013 Visit Website
INDACOIN Reviews
latoken.com Exchange Reviews Logo mt NO KYC needed CEX 50+
  • USD
  • Market Buy/Sell
NO NO
  • 2FA
  • SMS
NO NO gb cn kp Since 2017 Visit Website
LATOKEN Reviews
livecoin.net Exchange Reviews Logo bz NO KYC needed CEX 213+
  • USD
  • EUR
  • RUB
  • Market Buy/Sell
NO NO
  • 2FA
  • SMS
YES YES gb cn es pt ru it fr tr Since 2013 Visit Website
LIVECOIN.net Reviews
lykke.com Exchange Reviews Logo ch KYC is needed CEX 73+
  • USD
  • EUR
  • CHF
  • GBP
  • Market Buy/Sell
NO NO
  • 2FA
YES YES gb Since Visit Website
Lykke Reviews
upbit.com Exchange Reviews Logo kr KYC is needed CEX 139+
  • KRW
  • Market Buy/Sell
NO NO
  • 2FA
NO YES kp Since 2017 Visit Website
Upbit Reviews
Binance.com Exchange Reviews Logo mt NO KYC needed, up to 2 BTC withdrawal CEX 131+
  • NO
  • Limit
  • Stop Limit
NO NO
  • 2FA
  • SMS
YES YES gb cn ru fr vn tr de es jp Since 2017 Visit Website
Binance Reviews
bitforex.com Exchange Reviews Logo sg NO KYC needed CEX 46+
  • NO
  • Market Buy/Sell
  • Limit
NO NO
  • 2FA
  • SMS
NO NO gb cn Since 2017 Visit Website
BitForex Reviews
coss.io Exchange Reviews Logo sg KYC is needed CEX 60+
  • USD
  • Market Buy/Sell
  • Limit
NO NO
  • 2FA
NO YES gb Since 2017 Visit Website
COSS.IO Reviews
gate.io Exchange Reviews Logo cn NO KYC needed CEX 185+
  • NO
  • Market Buy/Sell
NO NO
  • 2FA
NO YES gb cn kp Since 2017 Visit Website
Gate.io Reviews
hitbtc.com Exchange Reviews Logo cl NO KYC needed CEX 394+
  • NO
  • Market Buy/Sell
NO YES 1:3
  • 2FA
NO YES gb cn kp Since 2013 Visit Website
HitBTC Reviews
idex.market Exchange Reviews Logo us NO KYC needed DEX 646+
  • NO
  • Market Buy/Sell
  • Limit
NO NO
  • 2FA
NO YES gb Since 2018 Visit Website
IDEX Reviews

Trade BNT - BNT Markets, Exchanges, Broker

Bancor can be used to create a kind of blockchain ETF that uses various tokens (based on Ethereum) as base currencies. For example, you can create a token that has exactly 50% GNT (golem) and 50% MLN (melon) as its underlying value.

This can be extended at will so that a single Bancor token can correspond to a portfolio of a large number of ERC20 tokens (ERC20 is the Ethereum standard token used by all projects). Such a portfolio token can be traded on crypto exchanges so that investors can directly purchase a diversified crypto portfolio in the form of a single token using Bitcoin, Euro or Dollar.

Other use cases: crowdfunding, local currencies & exchange:

Other use cases include the financing of companies in the form of crowdfunding, the decentralised exchange of tokens or the generation of complementary currencies for special purposes such as customer loyalty.

The Bancor protocol can be used to create currencies or tokens for specific purposes that have an actual countervalue and can be easily exchanged back after use. It is also exciting that reserves can also be deposited without Smart Tokens being distributed. When using the exchange of tokens, a fee can be anchored in the smart contract.

Whenever I use this contract to exchange Augur for Gnosis, for example, I pay a certain fee (e.g. 0.01%, which is cheaper than on crypto exchanges). This fee is added to the underlying reserve so that the value of all these Smart Tokens increases. Strictly speaking, it is a decentralized crypto exchange where holders of smart tokens receive all fees.

Chatbot

Token and/or crowdsale via chatbot: Chatbots should already be known to many readers through the Byteball Wallet, for example. If properly implemented, I think chatbots are great features.

Bancor designs its product so that users without any technical knowledge can create smart tokens using a chatbot. I think such usability is very advantageous. Theoretically, Bancor tokens could be seen on every internet platform, cafeteria and folk festival in the future. Besides Telegram, WeChat and Status.IM a chatbot is supported in Facebook Messenger.

As part of its bounty campaign, Bancor is currently presenting the potential of its product. Interested persons can register for the campaign and receive special Ethereum tokens for corresponding services. Individuals who find bugs in the Bancor software could receive ECoins (BNCECO) tokens.

At the end of the ICO and beyond, participants in the bug bounty can exchange their tokens for Bancor tokens. A total of five different bounty tokens exist for different campaigns.

The Bancor Network Token (BNT) will anchor a single reserve in the form of an ethereum (from parts of the ICO) as a liquidity reserve in the (main) smart contract. This ensures an intrinsic value of the token. As the owner of BNT, you therefore have the option of exchanging your tokens for ETH at any time. Smart tokens then use BNT as (one of the theoretically many) reserves and thus connect to the Bancor network.

This creates a financial structure that increases the need for BNT as the network becomes more widely used. Thus a higher use of the Bancor protocol leads to a rising token price. It is also interesting that with a rising price of the Bancor token, all currencies generated with Bancor automatically rise in price, since they hold at least part of BNT as a reserve.

Initial coin offering

Bancor uses Bitcoin Suisse as a presales option. Here, investors can buy in fiat currencies such as the euro before the start of the ICO. The conditions correspond to those of the normal ICO less a static fee of CHF 100 and a variable fee of up to 1.5%.

Due to the fees, this type of participation only makes sense under certain conditions (such as lack of time or high sums). As soon as the ICO starts, these previously acquired funds (maximum 20,000 ETH value) are added to the regular ICO.

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