ETHBNT Relay

ETHBNT is a Bancor pool token representing shares in the ETH:BNT liquidity pool. ETHBNT collects fees from ETH-based conversions on Bancor. The ETH:BNT liquidity pool is no different than other liquidity pools on the Bancor Network, such as DAI:BNT or BAT:BNT, which process conversions and collect fees from DAI-based and BAT-based conversions on the network. The ETH:BNT pool will be configured with a liquidity provider fee of 0.1% -- meaning an ETH <> BNT conversion will generate a 0.2% fee for liquidity providers, since it requires two hops, ETH <> ETHBNT <> BNT. The liquidity provider fee is distributed to ETHBNT token holders in proportion to their holdings. The initial supply of ETHBNT pool tokens will be equal to 20% of the total BNT supply at the time of BNT holder snapshot. Like every pool token in the Bancor Protocol, ETHBNT pool tokens will have a dynamic supply: When a user adds liquidity to the ETHBNT pool, new ETHBNT pool tokens are minted; when a user withdraws liquidity from the ETHBNT pool, ETHBNT pool tokens are destroyed.

Contract: 0xb1cd6e4153b2a390cf00a6556b0fc1458c4a5533

Price: 1.770000000000 USD

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Website

Website: https://www.bancor.network/

Socials

Announcements: https://blog.bancor.network/
Reddit: https://www.reddit.com/r/Bancor/
Telegram: https://t.me/Bancor (9,459 members)
Twitter: https://twitter.com/Bancor (162,197 members)

Technical Token Information

ETHBNT Relay on Telegram: "The only DeFi trading and staking protocol with Single-Sided Liquidity.

bancor.network
blog.bancor.network/
twitter.com/bancor
barracuda.io/bancor
discord.gg/5d3JXqYQGj"

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Token		Votes Total
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