Bancor Network is a decentralized blockchain platform that allows users to exchange directly from one asset to another without joining an exchange. The Bancor Network is a set of smart contracts that manages the conversion flow between tokens, including tokens on different blockchains. These smart contracts manage liquidity pools that connect tokens on the Bancor Network.
BNT is the main token operating on the Bancor platform. BNT Token is called Smart Token, which acts as a reserve fund for all other tokens in the Bancor Network system. In addition, BNT is also an intermediary token that converts between other tokens in Banco’s network.