*BNT DeFi Gem Update*

[Anonymous No.21259985]

BNT has seen explosive price action over the past two weeks following the successful release of the Bancor v2 beta on Ethereum mainnet . After finding support @ $1.30 BNT made a major move up, increasing over 100% & hitting $2.80 last week. BNT has since retraced to the $2.25 range & looks to be recoiling before testing new yearly highs. The current price consolidation presents an immediate opportunity to scale in to BNT before a major run-up. Extremely bullish AAX technical analysis indicates BNT's current price target is $3.15 and from there $4.20 is the next target: https://blog.aax.com/en/2020/08/10/aax-intelligence-bitcoin-bancor-cardano/

Bancor's v2, which has been praised by major tech VCs Mike Novogratz & Tim Draper, has been on a winning streak since launching its first beta liquidity pool, LINK/BNT, at the end of July. The Chainlink pool hit its $500K liquidity cap within 25 minutes of launching & facilitated over $1 million in 24 hour trade volume in its 3rd day on main net, beating all DEX competitors including Uniswap for DeFi trades & generating massive APR for liquidity providers. These milestones were achieved with only $500K in liquidity using Bancor v2's 20x liquidity amplification mechanism. Bancor has since raised the liquidity cap on the Chainlink pool to $1 million & launched a 2nd liquidity pool, REN/BNT on its v2. It is anticipated that liquidity caps on Bancor v2 pools will soon be lifted & that additional pools including ETH, LEND, ENJ, SNX & YFI will be added to Bancor v2 within the coming weeks. This will trigger a surge of liquidity into Bancor's v2 pools & drive additional positive price action around BNT. According to TokenTerminal, Bancor is generating the highest revenue and volume multiples based on market cap, making BNT the most undervalued DeFi asset even after a massive 1,000% price increase over 90 days. BNT's fundamentals and value driving model are extremely strong and the token is being considered for listing on Coinbase.

[Anonymous No.21260056]

>>21259985
Bancor is the top revenue generating DeFi protocol and still has the lowest P/E ratio. Incredible upside potential.

[Anonymous No.21260173]

How is it the top revenue generating protocol with only 2 pools live in v2?

What happens when there are 30 pools?

[Anonymous No.21260411]

>>21260173
There are over 200 pools on bancor v1 anon. but yea, 30 v2 pools will btfo uniswap, binance and coinbase.

[Anonymous No.21260536]

Thats just the beginning. My bags are full and i will just wait till 20$

[Anonymous No.21260645]

>>21259985
where does BNT value come from?

[Anonymous No.21260707]

>>21260536
>FUD
$100 BNT or GTFO. Sergey gets it: https://blog.chain.link/challenges-in-defi-how-to-bring-more-capital-and-less-risk-to-automated-market-maker-dexs/

[Anonymous No.21260766]

>>21260645
Explained very well here: https://tokentuesdays.substack.com/p/the-case-for-bnt-in-bancor-v2

[Anonymous No.21260936]

>Some BNT alpha
>plebbit spacing for easy reading

BNT is poised to become the gold standard among DEXs. Bancor’s new liquidity mining program + reflexivity scheme will allow it to grow AUM very quickly - they’re taking a page out of the SNX playbook with this. The team is also extremely hard working and the main reason for their valuation discount is their large ICO ($153M war chest). Look past this and you have free alpha as ETH maxis continue to play them down. https://defiweekly.substack.com/p/aave-credit-lines-usdc-blacklist-79f

Saying BNT will be a top 20 token is no joke. We could see this surpass BNB & possibly even pave the transition from CEXs to DEXs for the ecosystem as a whole. $50 BNT is very reasonable in the next couple years. $10 EOY. $5 in short term. BNT is relatively under the radar, but was the top performing DeFi token in Q2 & is still the most undervalued DeFi by price to earnings (PE) ratio. The key metric VCs use to evaluate investments. https://twitter.com/RyanSAdams/status/1283499638209814529?s=20

Tim Draper & Mike Novogratz know & are invested.
https://twitter.com/TimDraper/status/1269706719149477888
https://twitter.com/novogratz/status/1269645263955779591?s=20

Sergey Nazarov knows & blogged about Bancor V2. Wrote it's likely to attract large capital wanting to provide low risk liquidity on an AMM. Basically this means the founder of Chainlink sees institutional finance making a big DeFi play with Bancor V2 https://blog.chain.link/challenges-in-defi-how-to-bring-more-capital-and-less-risk-to-automated-market-maker-dexs/

Coinbase exploring BNT listing https://blog.coinbase.com/coinbase-continues-to-explore-support-for-new-digital-assets-2c5b84813fcf

BNT staking rewards coming after Bancor V2 that will create extreme FOMO to buy up & lock up most of supply, building massive price pressure. Exactly what happened with SNX in late 2019: https://blog.bancor.network/bancor-staking-rewards-ad432e5d590d

DYOR tho