BNT
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- Coin Introduction
1. Project introduction
Bancor is a decentralized staking protocol that allows users to earn money with single-token exposure and full protection from impermanent loss.
It has the following features:
(1) Unlimited Single-Sided Staking: Provide liquidity and earn yield in a single token. No need to pair 50/50 or buy another asset.
(2) Single BNT Pool: A single place to stake BNT and earn revenue from the entire network of liquidity pools.
(3) Instant Impermanent Loss Protection: Receive 100% Impermanent Loss Protection from the moment the tokens are staked. No need to wait 100 days for full protection.
(4) Auto-Compounding Rewards: Earnings from trading fees and rewards are auto-compounding, enabling a truly “set and forget” staking experience.
(5) Dual Rewards: Third-party token projects can now incentivize liquidity on Bancor, so users can earn both BNT and non-BNT rewards which are auto-compounding and free from Impermanent Loss.
(6) Lower Gas Fees: The new Omnipool architecture allows for trades to be processed in a single hop instead of two, ensuring optimal trading routes. The Omnipool also simplifies the protocol’s contract architecture to enable lower gas costs on depositing and withdrawing.
(7) Smart Portfolio: A new front-end interface gives full transparency into actual net earnings (“LP vs. HOLD”) on the deposited tokens.
2. Team introduction
Chief Architect: Yudi Levi
Linkedin: https://www.linkedin.com/in/yudi-levi-4bb91911/
Co-Founder, Business Development: Galia Benartzi
Linkedin: https://www.linkedin.com/in/galia-benartzi-1a0aa220/
3. Investment institution
DeFiance Capital, Matthew Slater, Next Ventures (Hong Kong) , Quiet Capital, etc.
4. Application and distribution
Token application:
BNT can be staked for rewards, grants voting rights in the DAO, and facilitates cross chain conversions.
Token distribution:
Fundraiser: 50%
Community Grants, Partnerships & Bounties: 20%
Long-term Foundation Budget: 20%
Founders, Team, Advisors and Early Contributors: 10%
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