Can you tell me anything about Bancor or bnt that a friend was shilling to me. Is this an altcoin? How do altcoins derive value or are they pretty much considered high risk/high reward gambling?
Bancor is an AMM (automated market maker) exchange. It is a decentralized exchange for trading tokens. Bancor as a protocol earns fees on every trade (just like Coinbase or Binance). It's one of the most popular AMMs and pulls in about $130K per day in fees: https://cryptofees.info/
