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22 April 2021

Bancor Burn Update Turns Protocol Into Ultimate BNT Buyer | Crypto Briefing

Bancor Burn Update Turns Protocol Into Ultimate BNT Buyer | Crypto Briefing


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Bancor has announced that the next update to its Bancor Vortex which will burn part of the protocol’s swap fees of every transaction.

The protocol will now buy vBNT from the open market and burn it, effectively locking part of the BNT in the liquidity pools forever.

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