Bancor Network Token (BNT) | Rating: 6/10 | Outlook: Negative

BNT is the native token powering the Bancor Network. This is a decentralised exchange where traders can exchange ERC20 tokens in a Peer-to-Peer manner. Much of the functionality of the network is thanks to the innovative use of the BNT token to facilitate trades. The Bancor Network is overseen by the Bancor Foundation, which is based in Zug, Switzerland. The company also operates a Research & Development center in Tel Aviv, Israel. Bancor began their cross-chain integration efforts with EOS and Ethereum, however, they have plans to add other bridges over time, eventually enabling them to function as a multi-chain liquidity solution that can provide instant token conversions for many of the popular blockchains such as Bitcoin, Tron, and Ripple. One of the greatest benefits of Bancor and the BNT token is that they bring liquidity to cryptocurrency markets. Through the Bancor Protocol any token at all, even those privately created, can get instant liquidity. The Bancor network has a pretty impressive team and was founded in 2016 by two Israeli siblings. Bancor held an ICO on June 12, 2017 that raised $153 million in just three hours. That ICO sold roughly 40 million BNT tokens at an average price of $3.92 each. It remains one of the most successful ICOs of all time. There have been challenges though as the project was a victim of a hack in 2018. There is also concerns that the SEC may have had issues with the nature of the BNT token. BNT is listed on a number of exchanges and there is relatively strong liquidity and demand for it. However, the price of the token has been on a steady decline which makes it a risky purchase currently. *Coin Bureau's views are not investment advice. Do Your Own Research.