Bancor Plans To Airdrop Its Entire BNT/ETH Reserve To Token Holders

News

Liquidity protocol Bancor has announced radical plans to revamp its native BNT token, prefaced by an airdrop to existing token holders. The project, which sprang to life following a record-breaking ICO in mid-2017, was a forerunner to the open finance and defi movements, pioneering liquidity provisions between ERC20 tokens issued by hundreds of crypto projects. Now, Bancor intends to disburse the BNT/ETH in its reserve to holders of its native token. Approximately 10% of Bancor’s market cap is obliged to be stored in ETH under the rules governing its protocol. Based on a current market cap of approximately $23 million,…
Click Title Below To Read Details From Source:
Bancor Plans To Airdrop Its Entire BNT/ETH Reserve To Token Holders

Leave a Reply

Your email address will not be published. Required fields are marked *