Bitaigen Research How is the BNT token? What is its historical all‑time high?
BNT is a liquidity‑protocol token built on Ethereum. Its current market capitalization is roughly USD 640 million, its all‑time high price was about USD 100, and its low was around USD 0.08.
BNT, sometimes referred to by domestic investors as Bancor Token, is the native token of the Bancor protocol. The token was launched on June 13 2017 with an issuance price and crowdsale price both at USD 3.8575 and a total supply of 237 million tokens. As of 15:10 UTC on August 10 2021, BNT’s latest price was USD 3.9835, with a 24‑hour trading volume of approximately USD 53.985 million. It is listed on 69 exchanges worldwide, has a circulating market cap of about USD 640 million, and ranks around 80th globally.
From the perspective of the Bitaigen editorial team, we outline BNT’s technical characteristics, market performance, and historical price trajectory. This article will help you quickly grasp the token’s positioning and potential risks, aiding your decision‑making process. If you want to see how its peaks and troughs have evolved, keep reading.
What is BNT’s historical all‑time high?
- All‑time high: roughly USD 100 (recorded on November 6 2019)
- All‑time low: roughly USD 0.08 (recorded on January 5 2020)
- Current price: about USD 3.9835 (as of 2021‑08‑10)
- Circulating market cap: approximately USD 640 million
- 24‑hour volume: about USD 53.985 million
- Listed exchanges: 69 (U.S. residents should access Binance.US rather than the global Binance platform)
BNT’s market circulation is relatively active, and its price has shown a wide volatility range.
Overview of the Bancor Protocol
Bancor is an Ethereum‑based side‑chain project that aims to provide liquidity for low‑market‑cap tokens. Its core mechanisms include:
- Reserve pools: one or more ERC‑20 tokens are held as reserves.
- Smart‑contract pricing: conversion ratios are calculated automatically by contracts, eliminating the need for centralized order‑book matching.
- Instant swaps: tokens can be exchanged directly with one another, removing third‑party intermediaries.
The network effect of the protocol lowers entry barriers for new tokens and helps alleviate liquidity shortages.
Is BNT worth watching?
BNT was issued in June 2017 and raised roughly USD 183 million through its ICO. The project’s whitepaper describes BNT as the first smart token of the Bancor system, using Ether as a single collateral while allowing other tokens to use BNT as part of their collateral mix.
During its development, the project experienced security incidents (e.g., the 2018 theft), which impacted confidence in its governance structure. Nevertheless, BNT remains listed on most major exchanges and retains a baseline level of liquidity.
Key Risk Highlights
- Security risk: past theft incidents underscore the importance of ongoing security audits and robust governance.
- Technical implementation: some features remain at the conceptual stage, with limited on‑chain deployment progress.
- Market volatility: token price is strongly correlated with overall crypto‑market sentiment and can experience large swings.
Please be aware that gains from cryptocurrency transactions may be taxable in your jurisdiction; consult a tax professional for guidance.
The information above is intended to give readers a concise overview of BNT’s fundamentals and historical price behavior. For deeper analysis of BNT, please explore other articles on Bitaigen (比特根).
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