Price change (24h):
1.32%
High (24h):
$0.270014
Low (24h):
$0.263283
Volume (24h):
$44.18
Market Cap:
$0
All Time High:
98.45% $17.14
Nov 10, 2021
All Time Low:
103% $-8.87
Nov 10, 2021
29.98 %(1Y)
$0.266014
Price change (24h):
1.32%
High (24h):
$0.270014
Low (24h):
$0.263283
Volume (24h):
$44.18
Market Cap:
$0
All Time High:
98.45% $17.14
Nov 10, 2021
All Time Low:
103% $-8.87
Nov 10, 2021
Bancor Governance Token (VBNT) is a cryptocurrency launched in 2020. It functions as the native governance and liquidity token of the decentralized 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. This synthetic asset transforms static LP positions into tradable, influence-yielding instruments.
Bancor Governance Token operates on the Ethereum network. As an ERC-20 asset, it exploits Ethereum’s battle-hardened settlement layer and deep composability without requiring a standalone blockchain.
Technically, vBNT conforms to the ERC-20 standard, enabling immediate compatibility with Ethereum wallets and DeFi aggregators. 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.
The project’s intellectual roots trace to a development collective in Israel, with the token officially going live on October 11, 2020. Its release formalized a pivot toward community command, converting a previously centralized protocol into a distributed autonomous organization. The subsequent introduction of Vortex layered a credit dimension onto governance exposure, deepening the token’s functional surface.
At its core, the initiative aims to decentralize 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 subsidize 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.
Concretely, 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. And 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.
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 Governance Token has a total supply of 55,505,930 tokens. Currently, 0 are in circulation. With a market capitalization of $0, Bancor Governance Token ranks #5,358 among all cryptocurrencies.
| Date | Open | Close | High | Low |
|---|---|---|---|---|
| 08/07/2026 | $0.27 | $0.27 | $0.27 | $0.27 |
| 07/07/2026 | $0.27 | $0.27 | $0.27 | $0.27 |
| 06/07/2026 | $0.27 | $0.26 | $0.27 | $0.26 |
| 05/07/2026 | $0.27 | $0.27 | $0.27 | $0.27 |
| 04/07/2026 | $0.26 | $0.27 | $0.27 | $0.26 |
| 03/07/2026 | $0.26 | $0.26 | $0.26 | $0.26 |
| 02/07/2026 | $0.24 | $0.26 | $0.26 | $0.24 |
| 01/07/2026 | $0.24 | $0.24 | $0.24 | $0.24 |
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