One of the first decentralised exchanges (DEXs), Bancor Network is a protocol running on both the Ethereum and EOS blockchains that makes it easy for users to swap one cryptocurrency for another.
Bancor uses fixed-fee, fixed-term liquidity pools denominated in BNT to ensure tokens can be traded at a fair price. You can also borrow against any tokens you’ve contributed to these pools.
BNT is the native token of the Bancor Network. BNT is used to both pay transaction fees and participate in governance decisions through the Bancor DAO (decentralised autonomous organisation). Holders can also stake their tokens in liquidity pools to receive more BNT in return.
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