Bancor Network Token is a decentralized liquidity network that aims to revolutionize the way users engage with decentralized finance (DeFi). Established in 2017, Bancor provides tools for on-chain trading and liquidity provision across multiple blockchains, including Ethereum and Celo. The platform is primarily governed by the Bancor DAO, a global community of BNT token holders who participate in decision-making processes.
The main offerings of Bancor include automated trading systems, concentrated liquidity, and tools designed for liquidity providers and token projects. With features such as zero trading fees for makers, immunity to MEV sandwich attacks, and advanced analytics capabilities, Bancor seeks to enhance user experience by reducing costs and increasing efficiency.
Bancor's history of innovation showcases its commitment to advancing DeFi technology. Each year has brought substantial upgrades to its offerings, making it a potentially valuable asset in the growing decentralized landscape.