Bancor is a token that has Ether in reserve, forms the monetary structure of the network. An increase in the price of the smart token chain leads to an increase in the price of the Bancor token and this has a positive effect on the tokens in reserve. In addition, users place a BNT bet on automatic market makers in exchange for a trading commission, a placement fee and the right to vote.

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Thanks @alextapscott for including the origin story of @Bancor and bringing the birth of #Web3 to life in your new book. Here’s to covering how the Internet and our #Value system continued to grow up in the next one 🐣 #decentralize #blockchain