Unable to build a meaningful arbitrage cloud for BNT with USD as a base currency. Please select another coin or pick a different base currency. The Bancor Protocol is a blockchain-based system fordiscovery and a liquidity mechanism supporting multiple smart contract platforms. The flexibility of these blockchains allows tokens to be locked in reserve and to issue smart tokens on the Bancor system, enabling anyone to instantly purchase or liquidate the smart token in exchange for any of its reserve tokens. The BNT is the first smart token on the Bancor system and it will hold a single reserve in Ether. Other smart tokens, by using BNT as one of their reserves, connect to the BNT network. The BNT establishes network dynamics where increased demand for any of the networks smart tokens increases demand for the common BNT, benefiting all other smart tokens holding it in reserve.. Bancor Network Token is is one of many evolving digital currencies in which encryption is used to regulate the generation of units of currency and verify the transactions independently of a central authority. It is traded on 19 exchanges including Tidex, Bitfinex, LiveCoin, Novaexchange, Yobit and HitBTC in multiple currencies such as BTC, USD, ETH, LTC and othersKIC.