Bancor BNT

Bancor is a liquidity pool for exchanging ERC-20 tokens. BNT is the native cryptocurrency of Bancor, a decentralized exchange that incentivizes users to lock up cryptocurrency in pools in exchange for a share of the fees paid when they are bought and sold by traders. Bancor is attempting to facilitate the operations of an automated market maker (AMM), a mechanism designed to provide liquidity to cryptocurrency markets without requiring a financial institution to manage it directly.