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Decentralized protocol Bancor launched BNTEE.SHOP, and launched three new limited-edition tokens that can be exchanged for real objects

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BNTEE.SHOP token works like Uniswap's SOCKS

Rhythm BlockBeats news, on February 19th, the decentralized protocol Bancor issued a document announcing the launch of the Bancor community plan http://BNTEE.SHOP, which allows users to purchase and destroy the corresponding tokens of each project. Coins to purchase Bancor real-world products.

BNTEE.SHOP designed three kinds of T-shirts corresponding to three new tokens: BNTEE, BNVT and BNLM. Each has a corresponding token based on the Bancor bond curve.

The BNTEE.SHOP token works similarly to Uniswap's SOCKS (currently these,, socks are worth about 9 million dollars a pair). As each token is purchased, its value rises along an automated price curve. Burn 1 USD of BNTEE to redeem 1 physical BNTEE T-shirt. BNTEE.SHOP tokens are always liquid and can be converted instantly to BNT, ETH, LINK, USDC, DAI, WBTC, SNX, AAVE or YFI.

The initial price (BNTEE, BNVT or BNLM) of each T-shirt is set at 5 BNT. The total supply of each t-shirt varies. BNTEE has a supply of 100, the most scarce and thus the steepest price curve. BNVT has a supply cap of 200 tokens and BNLM has a supply cap of 300 tokens. The total amount of the three tokens is fixed and there is no additional issuance.