Deribit: BNT Insights Market Research

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"The year is 1944. A proposal by economist John Maynard Keynes would eventually fail to pass at the Bretton Woods Conference, setting the stage for the US-centric international system of money as we know it today. The bancor, a supranational currency coined in the image of the French banque or (‘bank gold’), would be relegated to remaining in its conceptual form.

That is, at least till 2017. Paying homage to Keynes’ idea of a universal, neutral unit of account to clear all international commerce and keep global balance of trade in check, the Bancor Protocol was conceived with the Bancor Network Token (BNT) as a spiritual successor of sorts. Here, BNT would serve as the base pair in every token trade pair listed on the decentralised exchange (DEX) platform."

Read the full Deribit insight by clicking here.

 

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