What is Bancor Network Token?
Being a decentralized protocol, which operates on a blockchain, Bancor supports various digital tokens exchange quickly and straight rather than swapping them on currency exchanges. Bancor offers a special technology which approaches the difficulty of liquidity and allows to obtain and sell every type of digital coin spontaneously. The protocol runs on a special marketing model that applies smart contracts to form smart tokens with no requirement of a second party token exchange. Bancor’s inbuilt structure has an opportunity of converting among all the coins that have the ERC-20 congenial format. Bancor’s native coin BNT had a market capitalization of $39 million in March 2019.