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Can you tell me anything about Bancor or bnt that a friend was shilling to me. Is this an altcoin? How do altcoins derive value or are they pretty much consider
by sizzle 6y ago
Can you tell me anything about Bancor or bnt that a friend was shilling to me. Is this an altcoin? How do altcoins derive value or are they pretty much considered high risk/high reward gambling?
- chrisco255 6y agoBancor is an AMM (automated market maker) exchange. It is a decentralized exchange for trading tokens. Bancor as a protocol earns fees on every trade (just like Coinbase or Binance). It's one of the most popular AMMs and pulls in about $130K per day in fees: https://cryptofees.info/ https://cryptofees.info/