Hey Folks 🎉 I’m helping set up Bancor Protocol’s profile

Question

Hey Folks 🎉 I’m helping set up Bancor Protocol’s profile

on DAOHQ, a marketplace for finding and joining DAOs. Could you help me with some questions?

Which category does your token correctly fit into?
a) Governance token right: This gives access to make decision in DAOs which includes governance, block creation & contribution

b) Transactional Token right: This gives access to make transactions, make payment, earn profit or revenue.

#bancor #blockchain #cryptocurrency #english

0

27.03.2022

15 ответов

26 просмотров

Adi AmaZix

vBNT is the governance token: https://docs.bancor.network/faqs#what-is-vbnt while BNT is used for staking and to swap for other tokens.

0

27.03.2022

Yash Gadhade Автор вопроса

Adi AmaZix
vBNT is the governance token: https://docs.bancor....

What do you mean by other tokens? Like tokens from other DAOs or yours only? Just need this information I will be setting up your DAOs page on our website!

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27.03.2022

Adi AmaZix

Yash Gadhade
What do you mean by other tokens? Like tokens from...

You can read more about trading on Bancor in detail here: https://docs.bancor.network/developer-quick-start/trading-with-bancor Also checkout https://app.bancor.network/swap Do read the documents once again, and you should have the required information. :) Feel free to reachout if any queries.

0

27.03.2022

Yash Gadhade Автор вопроса

Adi AmaZix
You can read more about trading on Bancor in detai...

I will go through them and reachout to you again! Thanks for being super responsive!

0

27.03.2022

Adi AmaZix

Yash Gadhade
I will go through them and reachout to you again! ...

Happy to assist, have a great week ahead!

0

27.03.2022

Yash Gadhade Автор вопроса

Adi AmaZix
Happy to assist, have a great week ahead!

So if I understood correctly, BNT is your primary token, vBNT is governance token which can be earned after holding BNT? Please correct me if I'm wrong!

0

27.03.2022

Adi AmaZix

Yash Gadhade
So if I understood correctly, BNT is your primary ...

That is correct

0

27.03.2022

Yash Gadhade Автор вопроса

Adi AmaZix
That is correct

Thank you! I will put it up on our website. Thanks for all the information! Apologies if I seemed to be spamming, just new in here trying to learn!

0

27.03.2022

Adi AmaZix

Yash Gadhade
Thank you! I will put it up on our website. Thank...

No issues at all, welcome to the Bancor community. Glad to have you join us here!

0

27.03.2022

Yash Gadhade Автор вопроса

Adi AmaZix
No issues at all, welcome to the Bancor community....

Only vBNT has governance right! And only way to get vBNT is through holding BNT right? We cannot buy vBNT? And BNT only is transactional not governance right? Please correct me if I'm wrong!

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27.03.2022

T⬡kenized

Yash Gadhade
Only vBNT has governance right! And only way to g...

You get vBNT by depositing BNT. You can also buy vBNT from the vBNT pool.

0

27.03.2022

Yash Gadhade Автор вопроса

T⬡kenized
You get vBNT by depositing BNT. You can also buy v...

Alright! Does BNT has governance right?

0

27.03.2022