BNT Smart Token Relay (ETHBNT)
0xb1cd6e4153b2a390cf00a6556b0fc1458c4a5533
Presale Live
Started at Nov 13, 2021
About BNT Smart Token Relay
What Is ETHBNT Relay (ethbnt)?
ETHBNT is a Bancor pool token representing shares in the ETH:BNT liquidity pool. ETHBNT collects fees from ETH-based conversions on Bancor.
The ETH:BNT liquidity pool is no different than other liquidity pools on the Bancor Network, such as DAI:BNT or BAT:BNT, which process conversions and collect fees from DAI-based and BAT-based conversions on the network.
The ETH:BNT pool will be configured with a liquidity provider fee of 0.1% — meaning an ETH BNT conversion will generate a 0.2% fee for liquidity providers, since it requires two hops, ETH ETHBNT BNT. The liquidity provider fee is distributed to ETHBNT token holders in proportion to their holdings.
The initial supply of ETHBNT pool tokens will be equal to 20% of the total BNT supply at the time of BNT holder snapshot. Like every pool token in the Bancor Protocol, ETHBNT pool tokens will have a dynamic supply: When a user adds liquidity to the ETHBNT pool, new ETHBNT pool tokens are minted; when a user withdraws liquidity from the ETHBNT pool, ETHBNT pool tokens are destroyed.
What Is ETHBNT Relay (ethbnt) contract address??
The contract address for the ETHBNT Relay is 0xb1cd6e4153b2a390cf00a6556b0fc1458c4a5533 and it can be found on eth network.
ETHBNT is a Bancor pool token representing shares in the ETH:BNT liquidity pool. ETHBNT collects fees from ETH-based conversions on Bancor.
The ETH:BNT liquidity pool is no different than other liquidity pools on the Bancor Network, such as DAI:BNT or BAT:BNT, which process conversions and collect fees from DAI-based and BAT-based conversions on the network.
The ETH:BNT pool will be configured with a liquidity provider fee of 0.1% — meaning an ETH BNT conversion will generate a 0.2% fee for liquidity providers, since it requires two hops, ETH ETHBNT BNT. The liquidity provider fee is distributed to ETHBNT token holders in proportion to their holdings.
The initial supply of ETHBNT pool tokens will be equal to 20% of the total BNT supply at the time of BNT holder snapshot. Like every pool token in the Bancor Protocol, ETHBNT pool tokens will have a dynamic supply: When a user adds liquidity to the ETHBNT pool, new ETHBNT pool tokens are minted; when a user withdraws liquidity from the ETHBNT pool, ETHBNT pool tokens are destroyed.
What Is ETHBNT Relay (ethbnt) contract address??
The contract address for the ETHBNT Relay is 0xb1cd6e4153b2a390cf00a6556b0fc1458c4a5533 and it can be found on eth network.
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Launched on Nov 13, 2021
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