Bancor is a decentralized finance (DeFi) protocol that allows users to swap different tokens directly without the need for a traditional exchange.
BNT, the native token of the Bancor network, is used to facilitate transactions within the platform and provide liquidity to various pools.
Bancor focuses on reducing the barriers to liquidity that small and medium-sized tokens often face, providing an automated solution for token conversions that helps to maintain a healthy liquidity level on the network.
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