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View ChartBancor Governance Token (VBNT, also written vBNT) is the governance token of Bancor, a decentralised trading and liquidity protocol operating within the Ethereum DeFi ecosystem. Bancor itself consists of a series of smart contracts that manage the on-chain conversion of tokens, allowing users to swap assets quickly without going through a centralised exchange. The protocol's smart contracts oversee the liquidity pools that connect the various tokens available in the network.
VBNT is minted when users stake BNT in any Bancor whitelisted pool, granting them direct voting rights proportional to their share of that pool. This mechanism transforms static liquidity provider positions into tradable, influence-yielding instruments. The token is an ERC-20 asset with 18 decimals, deployed on Ethereum, which allows it to leverage Ethereum's settlement layer and deep composability without requiring a standalone blockchain.
According to CoinMarketCap, the total supply of VBNT is 55,505,930 tokens. The token launched in 2020, with a registry launch date of 11 October 2020; it was listed on CoinMarketCap on 1 March 2021. Its release formalised Bancor's pivot toward community command, converting a previously centralised protocol into a distributed autonomous organisation. The subsequent introduction of Vortex layered a credit dimension onto governance exposure, deepening the token's functional surface.
Circulating supply is reported as 0 on major trackers, so circulating market cap is shown as $0.00; on-chain total supply differs from the reported total supply figure.
Bancor was founded by Eyal Hertzog, Yudi Levi, and Galia and Guy Benartzi in 2017. It was named "Bancor" to honour John Maynard Keynes, who came up with the word 76 years ago to describe a supranational currency.
Eyal Hertzog serves as the product architect of the protocol, BNT, and other products that utilise the network. He is a known voice in the crypto industry and a technology entrepreneur for over 20 years, having previously founded MetaCafe, a top video sharing site in Israel with over 50 million users. Guy Benartzi is the chief executive at Bancor and also co-founded Mytopia, a company that develops cross-platform games for users on social networks. Galia Benartzi is a technology entrepreneur for many years and a co-founder of the Bancor protocol, serving as business developer at Bancor and also as the CEO and founder of Particle Code. Yudi Levi is the CTO at Bancor and has been a technology entrepreneur for over 20 years, previously co-founding AppCoin, an app that allows communities to create their own currencies.
The project's intellectual roots trace to a development collective in Israel. The token officially went live on Oct. 11, 2020.
VBNT functions as the native governance and liquidity token of the decentralised trading protocol Bancor, operating within the Ethereum DeFi ecosystem. The token resolves a critical friction in automated market making: the separation of liquidity provision from protocol governance. VBNT is minted when users stake BNT in any Bancor whitelisted pool, granting them direct voting rights proportional to their share of that pool.
The token's supply is algorithmically coupled to BNT staking events: depositing BNT mints an equivalent value of VBNT, while withdrawing burns it. Smart contracts encode a borrowing facility through Vortex, which permits swapping VBNT for any token across the Bancor liquidity mesh. This allows holders to instantaneously swap VBNT into any network asset, converting locked value into spendable liquidity without unwinding a position.
As an ERC-20 asset, VBNT conforms to the ERC-20 standard, enabling immediate compatibility with Ethereum wallets and DeFi aggregators. The token governance contract adds flexible permissions to existing tokens in the Bancor ecosystem (BNT, VBNT) that cannot be upgraded without migration. Contract events include Approval, Destruction, Issuance, and OwnerUpdate.
The contract source is verified on Etherscan under the name DSToken, and the token-governance contracts are published in the bancorprotocol/token-governance GitHub repository under the MIT licence.
At its core, the initiative aims to decentralise the decision architecture of one of DeFi's foundational AMMs. Instead of managerial fiat, voting power accretes directly to those with skin in the game — the liquidity providers who subsidise trade execution. This design aspiration is to forge a self-regulating exchange ecosystem where economic stake and political voice fuse into a single cryptographic unit.
VBNT enumerates three mechanical roles. It acts as a tallied ballot in governance polls, where each token equals a programmable vote weight. It retains the character of a redeemable LP receipt, redeemable upon exiting the pool. It functions as a primitive for permissionless borrowing: via Vortex, holders can instantaneously swap VBNT into any network asset, converting locked value into spendable liquidity without unwinding a position.
Staking BNT to receive VBNT grants governance rights; liquidity provision still carries impermanent loss risk. Bancor's history of innovation includes fully decentralised AMM powered exchange and Smart Tokens in 2017, Amplified Liquidity in 2020, Asymmetric Liquidity DEX and Adjustable Bonding Curves in 2022, and the Arb Fast Lane Protocol in 2023.
VBNT is the governance token of Bancor. It is generated by users who stake BNT in any whitelisted pool and represents their percentage ownership of the pool. Providing holders governance rights to influence BancorDAO's decisions if BNT is staked, VBNT only holds value within the Bancor governance.
In practice, a liquidity provider stakes BNT in a qualified pool and instantly receives VBNT, accruing a claim on trading fees while retaining the right to steer protocol upgrades. Another actor might purchase VBNT on an open market purely to accumulate voting power, or use the token as an input in Vortex to withdraw funds — say, DAI — against the staked collateral. Arbitragers can likewise exploit mispricings between VBNT spot markets and the underlying pool redemption rate.
Bancor Protocols are managed by the Bancor DAO, a global community of BNT token holders and delegates. The Bancor DAO governs the protocols, and governance resources include a Governance Forum and Vote Analytics.
Governance discussion takes place on the Bancor governance forum at gov.bancor.network; for example, proposal BIP15 (Proposing Bancor 3, submitted 1 March 2022) describes VBNT as the token used for governance purposes, stakable in the voting contract.
Bancor is described as a DeFi ecosystem enabling onchain trading and liquidity. Carbon DeFi, its flagship product, offers automation and orderbook-like features. Arb Fast Lane facilitates arbitrage across DEXs. Protocols are managed by the Bancor DAO, a global community of BNT token holders and delegates.
Carbon DeFi features include adjustable strategies with exact pricing and independently controlled buy and sell liquidity, limit orders, range orders, concentrated liquidity, rotating linked orders, adjustable positions, custom spread and fee tiers, MEV sandwich attack resistance, auto-compounding, advanced analytics, an execution bot, zero trading fees and zero gas fees for makers when orders are filled; makers still pay network gas when creating, managing or deleting a strategy, a strategy simulator, and no keepers, oracles, or hooks.
Carbon DeFi runs on Ethereum, Sei, Celo, Coti, Tac, Base, Mantle, Berachain and Sonic; Arb Fast Lane runs on Ethereum, Sei, Celo, Coti, Tac, Base, Sonic, Fantom, Berachain, Linea and Blast. The Simulator allows users to backtest and compare trading strategies against up to 365 days of historical market data, supported on Ethereum, Sei, Celo, Coti, and Tac. Arb Fast Lane is arbitrage infrastructure designed to maintain chainwide price parity across all major DEXs.
Community and social channels include X (Twitter), Telegram, Dev Channel, Discord, Reddit, GitHub, YouTube, Blog, Onchain Alerts, Governance Vote Analytics, and a Brand Kit.
VBNT is not mined through traditional proof-of-work or proof-of-stake consensus. Instead, it is generated by users who stake BNT in any Bancor whitelisted pool. Depositing BNT mints an equivalent value of VBNT, while withdrawing BNT burns the VBNT. This supply coupling means the token's issuance is algorithmically tied to BNT staking events rather than to block rewards or mining hardware.
To acquire VBNT, a user can stake BNT in a qualified Bancor liquidity pool and instantly receive VBNT. Alternatively, VBNT can be purchased on open markets. The token can also be used as an input in Vortex to withdraw funds against staked collateral. Arbitragers may exploit mispricings between VBNT spot markets and the underlying pool redemption rate. Because VBNT only holds value within the Bancor governance, its utility is tightly bound to participation in the Bancor DAO and the protocol's liquidity pools.
VBNT is an ERC-20 token on Ethereum, so standard Ethereum security practices apply. Store your VBNT in a wallet that supports ERC-20 tokens, and always verify the contract address — 0x48Fb253446873234F2fEBbF9BdeAA72d9d387f94 — before interacting with any token. No contract security audit has been submitted for the VBNT token contract on Etherscan; users should verify the contract address before interacting.
The token governance contract adds flexible permissions to existing tokens in the Bancor ecosystem (BNT, VBNT) that cannot be upgraded without migration. This means token holders should stay informed about any governance proposals that could affect token permissions. As with any DeFi asset, users should be aware of smart contract risk, the risk of impermanent loss when providing liquidity, and the fact that VBNT only holds value within the Bancor governance.
Manual VBNT trading carries risks including missing perfect entry and exit points, emotional decisions, and the significant time required to monitor positions. Using hardware wallets, double-checking contract addresses, and reviewing governance proposals through official Bancor channels are prudent steps for protecting your holdings.
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Thank you for your interest in BTCC. Currently, spot and futures trading services for VBNT are not supported. As a leading digital asset platform, BTCC is committed to providing a secure and stable trading environment. We recommend completing your account registration and identity verification (KYC) to explore other premium assets and exclusive benefits available on BTCC.
As of right now, the live price of Bancor Governance Token (VBNT) is A$0.62151. Its market price fluctuates in real time based on overall supply and demand, and you can check the updated VBNT to USD rate at the top of BTCC’s price page. In terms of market scope, Bancor Governance Token records a 24h trading volume of A$27.169763 (reflecting total buying and selling activity over the last 24 hours), with a total market cap of A$0. Its current circulating supply stands at -- out of a maximum supply cap of ∞.
The price volatility of Bancor Governance Token (VBNT) is essentially driven by market supply and demand dynamics. Key factors behind its price movements include: 1) Global macroeconomic conditions and sentiment, such as Reserve Bank of Australia (RBA) or US Fed interest rate decisions; 2) Tokenomics, including the ratio of circulating supply (--) to max supply (∞), as well as token unlocks and burn mechanisms; 3) Fundamental developments, such as ecosystem expansion, on-chain activity, and core protocol upgrades; and 4) Derivatives market dynamics, including leverage battles and liquidation cascades in perpetual contracts.
Looking at its historical price performance, Bancor Governance Token (VBNT) hit an all-time high (ATH) of A$13.664043 on 2021-11-10 13:25, representing the peak of market sentiment. Conversely, its all-time low (ATL) was recorded at A$0.230748 on 2023-07-21 21:35. Note that historical highs and lows reflect past performance only and do not guarantee future price trends; investment decisions should always align with live market conditions and your personal risk tolerance.
When trading VBNT futures on BTCC, technical chart analysis begins with identifying key support and resistance levels on 1D and 4H charts using historical price pivots. Next, apply MA/EMA indicators to gauge trend directions, alongside RSI (values above 70 indicate overbought conditions, while below 30 suggest oversold levels). Always validate breakout signals with the 24h trading volume (A$27.169763), as price breakouts accompanied by strong volume offer higher reliability.
Unlike spot trading where you can only profit from rising prices, BTCC’s VBNTUSDT perpetual contracts support two-way trading. If you anticipate a price decline for Bancor Governance Token, simply log into your BTCC account with USDT margin available, navigate to the VBNTUSDT pair, set your desired leverage and Take-Profit/Stop-Loss levels, and click "Sell/Short". Once the price drops to your target, close your position to lock in profit from the price difference.
Yes. BTCC offers flexible, high-tier leverage options for VBNTUSDT perpetual futures, providing up to 500x leverage (maximum leverage limits may vary depending on liquidity). While leverage boosts capital efficiency by allowing you to control larger position sizes with less margin, it also amplifies liquidation risks proportionately. BTCC strongly advises using Stop-Loss orders to strictly manage risk when trading with high leverage.
Beginners and traders testing new strategies can switch to BTCC's "Demo Trading" mode with a single click on the App or Web interface. The demo account comes pre-loaded with risk-free virtual funds (such as 100,000 USDT). Powered by live market prices (current price: A$0.62151), you can practise opening/closing positions, adjusting leverage, and setting TP/SL for VBNTUSDT with zero financial risk.
Trading Bancor Governance Token (VBNT) on BTCC requires just 4 simple steps: 1) Register a BTCC account and complete basic Identity Verification (KYC); 2) Buy USDT using fiat via credit card/express payment, or deposit USDT/BTC directly from an external wallet; 3) Navigate to the Futures section, search for VBNTUSDT, and review its live price (A$0.62151) and chart; 4) Select your margin mode and leverage, choose "Buy/Long" or "Sell/Short" based on your market outlook, set TP/SL orders, and confirm your trade.
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