{
  "url": "https://blockindex.ai/coin/bnt",
  "name": "Bancor",
  "links": {
    "github": "https://github.com/bancor",
    "website": "https://bancor.network/",
    "whitepaper": "https://www.carbondefi.xyz/whitepaper"
  },
  "dScore": 33,
  "market": {
    "priceUsd": 0.2659888735982026,
    "marketCapUsd": 28691611.59355057,
    "volume24hUsd": 2228119.39563809,
    "priceChange7dPct": -1.60497281,
    "priceChange24hPct": -2.28305714
  },
  "source": "BlockIndex.AI",
  "supply": {
    "max": null,
    "circulating": 107867713.43259846,
    "circulatingPct": null
  },
  "ticker": "BNT",
  "founder": "Galia Benartzi, Eyal Hertzog",
  "vcFunded": true,
  "updatedAt": "2026-06-19T06:00:31.828219+00:00",
  "fairLaunch": false,
  "launchYear": 2017,
  "description": "Bancor (BNT) is a longstanding DeFi protocol token first appearing in 2017 and built to enable on-chain automated market-making through programmable bonding curves and Smart Tokens. Over multiple iterative releases the protocol has expanded from foundational AMM primitives to more advanced liquidity management features including amplified and concentrated liquidity, asymmetric liquidity provisioning, adjustable bonding curves, and auto-compounding of LP yields. Bancor’s architecture centers on minimizing slippage for traders and protecting liquidity providers from common frontrunning and MEV sandwich attack vectors while offering tooling for token projects and market makers to bootstrap and manage liquidity with fewer manual interventions. The protocol’s evolution reflects a pragmatic approach to DeFi product development—addressing early AMM design trade-offs and introducing mechanisms that align incentives for long-term liquidity provisioning.\n\nTechnically, BNT functions as the protocol token on the Ethereum/EVM family as an ERC-20 contract; the token itself does not implement a separate consensus mechanism. Bancor’s on-chain logic coordinates bonding curves, impermanent loss protection mechanisms and auto-compounding strategies that run within EVM-compatible smart contracts. The protocol has introduced specific primitives for concentrated and amplified liquidity, adjustable bonding curves that enable custom tokenomics for integrated projects, and tooling such as the Arb Fast Lane intended to capture and redirect arbitrage opportunities to benefit the protocol. Governance and parameter changes are managed through the Bancor DAO, enabling token-holder proposals, delegation and DAO-driven updates to protocol parameters and treasury actions.\n\nFrom an economic perspective, the available snapshot data indicates a circulating and total supply near ~115.18M BNT, with market capitalization and trading volume consistent with a mature mid-cap DeFi protocol token. Bancor has executed notable treasury and distribution actions in its history, most prominently the September 2019 airdrop of an Ethereum reserve to BNT holders that materially affected treasury composition and holder balances. The protocol has undergone supply and governance updates in upgrades such as the V2.1 release in 2021 which adjusted aspects of supply and governance mechanics. Over time the token’s price history has shown volatility typical of DeFi assets with an all-time high in June 2017 and an all-time low in March 2020, reflecting crypto market cycles and protocol-specific events.\n\nGovernance is an explicit focus for Bancor: the project text and provided materials describe on-chain governance via the Bancor DAO with token-based voting and delegation. The DAO framework underpins treasury decisions and parameter changes, and the protocol’s roadmap has emphasized tooling to increase market efficiency and to attract liquidity providers through improved primitives. Bancor’s ecosystem also includes integrations and developer tooling (Carbon DeFi tooling and simulators referenced in the materials), and broad wallet and exchange support across hardware, desktop, mobile and browser extension wallets as well as listings on major centralized and decentralized exchanges. Looking forward, Bancor’s strategic emphasis appears centered on further liquidity primitives, arbitrage capture infrastructure and DAO-driven iterations of protocol parameters and incentives.",
  "methodology": "https://blockindex.ai/dscore",
  "classification": {
    "layer": "Layer 1",
    "isToken": true,
    "consensus": "Other",
    "parentChain": "ETH"
  },
  "dScoreComponents": {
    "autonomy": 5,
    "ageHistory": 13,
    "governance": 15,
    "nodeDistribution": 0,
    "initialDistribution": 0
  },
  "decentralizationVerdict": "Centralized Leaning"
}