Bancor Network Token to Hold Live Stream on October 30th
Bancor Network Token is organizing the Carbon DeFi Simulator Showcase on October 30th at 4 PM UTC. The event will focus on exploring potential returns on investment in stablecoin trading on the Celo network, featuring contributors and a special guest from Mento Labs.
Refer to the official tweet by BNT:
Bancor@BancorEki 28, 2024With @Celo emerging as the go-to network for stablecoins, now’s the time to explore potential ROIs when trading them!
Catch the @CarbonDeFixyz Simulator Showcase w/ contributors @Here2DeFi & @PrimalGlenn, and special guest @MarkusMento of @MentoLabs!
🗓ï¸ Wed, Oct 30 @ 4PM UTC pic.twitter.com/5skspO26fj
BNT Info
Bancor is a decentralized finance (DeFi) protocol that focuses on liquidity provision and automated token trading, enabling seamless cross-chain conversions without relying on traditional centralized exchanges. It leverages blockchain technology to facilitate direct and secure token trading.
Bancor’s core protocol, Carbon, introduces a decentralized trading system with on-chain limit and range orders, allowing users to implement automated trading strategies like “buy low, sell high”. Once executed, these orders cannot be reversed, providing security against market manipulation, such as MEV sandwich attacks. Additionally, users can adjust their orders directly on the blockchain.
The native token, BNT, is used for staking and governance through BancorDAO, where the community makes decisions regarding the development and operations of the Bancor ecosystem. BNT also supports liquidity provision and governance within the protocol.