IMPORTANT: USING THIS CONTRACT WILL PURCHASE BNT AT THE PRICE EFFECTIVE WHEN THE TRANSACTION IS PROCESSED. THERE IS NO WAY TO LIMIT THE PRICE. TO PURCHASE USING PRICE LIMITS SEE INSTRUCTION FOR PARITY AND MYETHERWALLET.

Do not send ETH from an exchange or a hosted wallet.

Use a 400,000 Gas Limit (“Custom Gas” from “Advanced” on imToken).

(“Custom Gas” from “Advanced” on imToken). Use 21 gwei Gas Price (if your wallet requires it)

When the transaction is processed, BNT will be sent to the address from which the ETH arrived.

We again remind everyone to be vigilant against scammers, and ONLY use addresses and instructions you copy directly from our official site and blog. Be alert for misspelled accounts, copycat sites and other shenanigans. If you see something, say something. And always encourage your community members to check here first and get their information directly from Bancor official channels.

To Sell BNT:

We have created a simple process to Sell BNT.

Below you will find the process outline for both Parity and MyEtherWallet.

Sell using MyEtherWallet

Open MyEtherWallet and select the “Contracts” tab.

Enter this BancorConverter contract address in the “Contact Address” field: visit bancor.network/BNT for the official up to date address

Nothing is needed in the “Select Existing Contract” field

Copy the entire ABI text from this link and paste it into “ABI / JSON Interface” field, making sure to remove any previous text in this field

Click “Access”

Under Read / Write Contract — Choose the “quickChange” option from the drop down menu.

Enter this path address in the “_path” field:

0x1F573D6Fb3F13d689FF844B4cE37794d79a7FF1C,0x1F573D6Fb3F13d689FF844B4cE37794d79a7FF1C,0xc0829421C1d260BD3cB3E0F06cfE2D52db2cE315

0x1F573D6Fb3F13d689FF844B4cE37794d79a7FF1C,0x1F573D6Fb3F13d689FF844B4cE37794d79a7FF1C,0xc0829421C1d260BD3cB3E0F06cfE2D52db2cE315 In the “_amount” field, enter the amount of BNT you would like to change to ETH (value needs to be in WEI, there is an easy calculator link in the MinReturn sections)

For example, 1 BNT in WEI = 1e+18 = 1,000,000,000,000,000,000 (but without commas)

For example, 1 BNT in WEI = 1e+18 = 1,000,000,000,000,000,000 (but without commas) In the “_minReturn” field, you can enter the minimum amount of ETH you are willing to receive back. If you want to sell BNT at the current market price, set “1” as MinReturn. If not, see details below this screenshot for more options.

Click “WRITE”

If you do not wish to set min return, you may use “1” and skip this section. This will mean that your transaction will be processed at the current price at the time of execution on the Ethereum blockchain. Using Min Return indicates the minimum amount of tokens you are willing to receive at the end of the change, essentially setting a maximum price you are willing to pay for each token. The current price of BNT is available on our site. Because it can fluctuate during the course of your transaction process, this function allows you to set a limit. For example, if you aim to change 500 BNT to ETH, and the current BNT price is 0.01 ETH, you may wish to limit the price you are willing to pay to the current market price (0.01 in this example). You should then set a minimum return of:

500 BNT * 0.01 = 5 ETH

5 ETH in WEI = 5e+18 = 5,000,000,000,000,000,000 (You can use this easy ETH to WEI converter, and always remove any commas from your value when entering: https://converter.murkin.me/) If the minimum return cannot be met according to the BNT price in the smart token at the time of your transaction (for example, the price has since risen), you will lose the gas fee that accompanies your transaction, but your transaction will not be executed.

At this stage, you will see the following “Warning!” message:

Set the “Amount to Send” field to 0 (zero) , anything else will result in transaction failure

, anything else will result in transaction failure Use the default “Gas Limit” (if you see no default, use 300000)

Click “Generate Transaction”

Click “Yes, I’m sure…” to execute the transaction

At the end of this process, you will see your BNT turn into ETH

Sell using Parity

Given the nature of Parity and the requirement to first setup the correct contracts in your “watch” list, please view the Parity related post for the updated process on how to quickly sell your BNT tokens