What is Bancor (BNT)? Bancor is the only decentralized staking protocol that allows you to earn money with single token exposure and full protection against temporary loss. Launched in 2017, Bancor was the first DeFi protocol. Hoy generates millions of commissions per month for depositors, offering up to 60% APR on tokens such as ETH, WBTC, LINK, MATIC, AAVE & Besides. Bancor is owned by its community as a decentralized autonomous organization (Bancor DAO). The protocol token used in the network is the "Bancor Network Token", BNT. The protocol token allows merchants to provide liquidity to pools available on the network. Anyone can contribute cash to the common funds. When liquidity providers contribute liquidity to a pool, they are eligible to receive fees for transactions that take place through the pool. Liquidity providers will receive pool tokens that represent their share of the Liquidity Mining Liquidity, Commissions and Rewards in the pool. How many Bancor coins (BNT) are there in circulation? The Bancor Network Token (BNT) has an elastic supply, offered by the mint and burn protocol to maintain trading liquidity levels in Bancor pools. The trading liquidity owned by the protocol earns trading fees from the trading volume, so the protocol grows to hold more BNT over time. The protocol's new BNT balance is then burned in exchange for pools of tokens when LPs wager the equivalent amount of their BNT. Due to exchange fees earned, more BNT is eventually burned than the initially provided protocol. This excess BNT is then burned to offset the cost of the temporary loss, deflating the overall long-term supply of BNT. How is Bancor's network protected? Bancor is one of the longest running and most vetted crypto projects, receiving stellar ratings from major auditors including Certik, PeckShield, and Halborn. Additionally, Bancor received one of the highest security scores to date from DeFiSafety (96%) in 2021.