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.

Bancor news today, BNT crypto latest news of coin ticker

Bancor

The proposal to implement Fast Lane was approved ✅

Fast Lane is designed to allow for the Bancor protocol to arbitrage itself against other AMMs, and use the gains to buy &amp; burn BNT in order to reduce the deficit.

Stay tuned for Fast Lane's deployment!

https://t.co/Vb4eL1tf9X

The proposal to implement Fast Lane was approved.