Start investing in BNT (Bancor Network Token) through Huobi, one of the most popular Cryptocurrency exchanges.
BNT (Bancor Network Token)
Bancor is a decentralized exchange protocol that allows the creation of liquidity pools to trade assets.
How to buy BNT (Bancor Network Token) on Huobi?
Follow the easy 4 steps below to buy BNT (Bancor Network Token) on Huobi.
- Register a Huobi Global account
Provide an email address, create a username, and choose a secure password. - Verify your account
After registering and verifying, all you need to do to buy Bitcoin is to provide your name, date of birth, country/region and phone number. For verification information, see the verification documentation. - Deposit in fiat currency or cryptocurrency
To deposit cryptocurrency, you only need to check the encrypted address on Huobi Global and send funds to that address. There are many ways to use fiat currency to fund your account for transactions, including credit cards, cash, and other cryptocurrencies. - Start buying Bitcoin on Huobi
Once your fiat currency or cryptocurrency is in your account, you can start buying Bitcoin. Through your Huobi Global account, you can get trading charts, 24-hour global customer support, and BNT (Bancor Network Token) derivatives trading.
What is BNT (Bancor Network Token)?
Bancor is a decentralized exchange protocol that allows the creation of liquidity pools to trade assets.
Bancor consists of smart contracts designed to execute algorithmic token transactions and on-chain liquidity pooling (i.e. “liquidity pools”). Bancor, which supports ERC20 tokens and EOS tokens, can implement liquidity pool curves on the Ethereum network and EOS network.
Price determination method: The token reserve balance deposited into the protocol is divided by the total supply of tokens, then multiplied by the reserve ratio.
BNT is the Bancor protocol token. When a user creates or pledges a Bancor pool, the user needs to create or pledge with an equivalent value of ERC20 tokens + BNT (or EOS tokens + BNT). Additionally, BNT can provide cross-chain conversion and positive network effects; and it is expected to be available for staking in Q2 2020.
On January 1, 2020, ETHBNT tokens were airdropped for BNT token holders. ETHBNT tokens represent Bancor pool tokens that can represent ETH shares: BNT liquidity pools, i.e. these tokens charge fees for ETH-based conversions on top of Bancor.
Please check Huobi official website or contact the customer support with regard to the latest information and more accurate details.
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Comment by Hans
April 24, 2024
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