Introducing BNTEEs!

This article was first published on Bancor - Medium
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💧 BNTEE.SHOP: Constant liquidity, continuous swag 💧

We’re thrilled to announce the grand opening of the BNTEE.SHOP— a Bancor community initiative that lets you redeem real-world, limited Bancor swag by buying and burning each item’s corresponding token.

The BNTEE.SHOP is opening its doors with three t-shirt designs — BNTEE, BNVT and BNLM — each of which has a corresponding token based on a Bancor Bonding Curve.

THE TOKENS

BNTEE.SHOP tokens work in a similar way to Uniswap $SOCKS (currently worth around $90,000 a pair). As each token is bought, its value increases along an automated price curve. Burning one $BNTEE entitles you to redeem one physical BNTEE t-shirt. BNTEE.SHOP tokens are always liquid and can be instantly converted to BNT, ETH, LINK, USDC, DAI, WBTC, SNX, AAVE or YFI.

THE SWAG

BNTEEs are dripping with swag and designed to make it rain.

The initial price of each t-shirt ($BNTEE, $BNVT or $BNLM) is set at 5 BNT (BNT price is ~$5 per token at the time of this writing). The total supply of each t-shirt varies:

  • $BNTEE has a capped supply of 100 tokens and a final value — at the end of its bonding curve— of 10,000 BNT.
  • $BNVT has a capped supply of 200 tokens and a final value of 40,000 BNT.
  • $BNLM supply is capped at 300 tokens and has a final value of 90,000 BNT.

These total supplies are final and no $BNTEE, $BNVT or $BNLM will ever be re-minted.

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