$BNT
The Bancor Protocol is a blockchain-based system for discovery and liquidity mechanisms that supports multiple smart contract platforms. The flexibility of these blockchain chains allows for tokens to be reserved as collateral and to issue smart tokens on the Bancor system, enabling anyone to buy or liquidate the smart token instantly against any of their reserve tokens.
BNT is the first smart token on the Bancor system and will hold a reserve of one Ethereum. Other smart tokens, using BNT as one of their reserves, are linked to the BNT network. BNT creates network dynamics where an increase in demand for any of the network's smart tokens leads to an increase in demand for the BNT held in common, benefiting all other smart tokens that are held as reserves.
