What is Bancor ? | All about Bancor in Short | Crypto Currency Bancor

Bancor consists of a series of smart contracts that manage the on-chain conversion of tokens. The protocol makes it effortless and quick to convert tokens without having to go through an exchange. The protocol's smart contracts manage the liquidity pools that connect various tokens available in the network. The major token used on the network is the “Bancor Network Token,” BNT.

When was BANCOR invented ?

Bancor was founded by Eyal Hertzog, Yudi Levi, and Galia and Guy Benartzi in 2017. It was named "Bancor" to honour John Maynard Keynes, who came up with the word 76 years ago to describe a supranational currency.

Importance of BANCOR?

Bancor enables the seamless conversion of tokens used in the network. This removes the need for an exchange or third-party platforms. The protocol also maintains several self-governing pools for tokens supported by the network. The uniqueness of Bancor is in their goal to create liquidity for altcoins and to remunerate liquidity providers.

Future of BANCOR?

According to the walletinvstor’s forecasts, a long-term increase is expected, the price prognosis for 2026-07-25 is 17.880 US Dollars. With a 5-year investment, the revenue is expected to be around +435.49%.

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