The Bancor Protocol is a blockchain-based system for discovery and a liquidity mechanism encouraging contract platforms that are clever. The flexibility of those blockchains allows tokens to be locked in reserve and to issue tokens enabling anyone to buy or liquidate the clever token.
The BNT is your first smart token on the Bancor system and a single reserve will be held by it . using BNT among their reserves, other clever tokens and the BNT network, connect together. The BNT builds network dynamics where increased demand for any of those network?s smart tokens increases requirement for its BNT, profiting all clever tokens holding it in reserve.