What is Bancor Network Token (BNT)

1. Project Introduction
Bancor is a decentralized on-chain automated market maker (AMM) protocol that facilitates instant and low-cost token swaps, with support for single-sided staking and 100% impermanent loss protection. As the first AMM-based DEX on Ethereum, Bancor aims to build an open, permissionless market for the expanding token economy. Now in its v3 iteration, Bancor has introduced new innovations like unified curves, the Carbon DeFi system, a trading simulator, and a fast arbitrage route.
Summary: As a pioneer in AMM-based DEXs, Bancor provides features like single-sided staking and impermanent loss protection. Its flagship product, Carbon DeFi, enables programmable, order book-like trading strategies that enhance liquidity and capital efficiency.
2. Team & Investment Info
Bancor was founded in 2016 in Zug, Switzerland by Eyal Hertzog, Guy Ben-Artzi, Galia Benartzi, and Yudi Levi.
Galia Benartzi, a graduate of Johns Hopkins University, co-founded Mytopia (acquired by 888) and Particle Code (acquired by Appcelerator).
Guy Ben-Artzi, Bancor’s CEO, is a serial tech entrepreneur and angel investor with experience in gaming and decentralized platforms.
In June 2017, Bancor raised $153 million via ICO, attracting investors like Blockchain Capital and Tim Draper. Additional funding came in 2020 and 2021 from ParaFi Capital and DeFiance Capital.
3. Social Media URLs
X: https://x.com/Bancor
Discord: https://discord.gg/bancor
Telegram: https://t.me/bancor
Reddit: https://www.reddit.com/r/Bancor/
4. Token Info
Token Symbol: BNT
Total Supply: 122,726,966
Token Type: ERC-20
Issuance/Burn Mechanism: Fixed supply
Contract Address: 0x1f573d6fb3f13d689ff844b4ce37794d79a7ff1c
Token Distribution:
ICO Participants: 50%
Community Grants, Partners, Bounties: 20%
Long-term Foundation Reserves: 20%
Founders, Team, Advisors, Early Contributors: 10%
5. Related Links
Official Website: https://bancor.network/
GitHub: https://github.com/bancorprotocol
LinkedIn: https://www.linkedin.com/company/bancor-foundation/
Other Info: https://carbondefi.xyz/whitepaper