[ANN] Bancor | Protocol for Smart-tokens, solving the liquidity problem - page 142.

Freaks

legendary

Activity: 1554

Merit: 1001

Quote from: obsbtc on June 24, 2018, 04:02:51 PM

Quote from: Brilliantrocket on June 24, 2018, 03:18:59 PM

There issues with Bancor atm? continually getting "Transaction timeout We're sorry but your request took longer than expected and we couldn't process your transaction. Please try again."

No issues that we're aware of. Refreshing your browser in this case should help. If you have further issues you can refer to the support chat https://t.me/bancorsupport

Sometimes that issue due to low speed of internet connection otherwise it works smoothly. I did a test transaction and it gone without any problem I think with refresh of browser this problem will disappear.

obsbtc

member

Activity: 1330

Merit: 10

Quote from: Brilliantrocket on June 24, 2018, 03:18:59 PM

There issues with Bancor atm? continually getting "Transaction timeout We're sorry but your request took longer than expected and we couldn't process your transaction. Please try again."

No issues that we're aware of. Refreshing your browser in this case should help. If you have further issues you can refer to the support chat https://t.me/bancorsupport

Brilliantrocket

hero member

Activity: 826

Merit: 500

There issues with Bancor atm? continually getting "Transaction timeout We're sorry but your request took longer than expected and we couldn't process your transaction. Please try again."

mexi.db

full member

Activity: 532

Merit: 102

Quote from: 22naru on June 23, 2018, 10:06:07 AM

Quote from: Oldman53 on June 23, 2018, 08:56:32 AM

Bancor’s BP, LiquidEOS, was one of the first 21 BPs elected. Can we expect for coming FUD. Mass media and community not really happy with EOS launch and BPs activity.

is EOS team /dev issue not bancor

bancor only support good projects and try to make decentralize blockchain avaible to the mass

If you'd like to discuss this you can join https://t.me/BPLiquidEOS

jtalk

legendary

Activity: 1610

Merit: 1004

We are heading towards the goal of achieving more financial freedom a decentralized one. The process towards complete independence has started already the sooner people jump on cryptocurrencies wagon the quicker the goal will be achieved. Bancor is working on decentralized everything can be said seeing their advancement so far in context of the article written by EOS.

shewasfourteen

sr. member

Activity: 686

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The global population is powerless to prevent world governments from consuming our capital base so long as we rely upon their currencies.
https://medium.com/@bytemaster/decentralized-blockchain-governance-743f0273bf5a

Tarasov1992

jr. member

Activity: 266

Merit: 1

Quote from: naska21 on June 24, 2018, 01:34:29 AM

Quote from: Haynes on June 23, 2018, 10:04:44 PM

It is important to note that Bancor is not an exchange. It is a liquidity network. When you are buying or selling, it's not a trade. It's a computationally intense conversion of one token into another. Also Bancor does not take any fees.

But still it looks like more as centralized exchange than p2p network as conversion rates are defined by proprietary algorithm a of Bancor and users are not able to do it by themselves, isn't it?

Hello, naska21, just as in the comment you quoted: Bancor is not an exchange. It is a liquidity network.

naska21

hero member

Activity: 1358

Merit: 635

Quote from: Haynes on June 23, 2018, 10:04:44 PM

It is important to note that Bancor is not an exchange. It is a liquidity network. When you are buying or selling, it's not a trade. It's a computationally intense conversion of one token into another. Also Bancor does not take any fees.

But still it looks like more as centralized exchange than p2p network as conversion rates are defined by proprietary algorithm a of Bancor and users are not able to do it by themselves, isn't it?

nickamazix

newbie

Activity: 84

Merit: 0

Quote from: Haynes on June 23, 2018, 10:04:44 PM

It is important to note that Bancor is not an exchange. It is a liquidity network. When you are buying or selling, it's not a trade. It's a computationally intense conversion of one token into another. Also Bancor does not take any fees.

Thank you for providing clarification on that very important point!

Great to have an aware community!

Haynes

full member

Activity: 518

Merit: 106

It is important to note that Bancor is not an exchange. It is a liquidity network. When you are buying or selling, it's not a trade. It's a computationally intense conversion of one token into another. Also Bancor does not take any fees.

EyeofthebeHODLer

jr. member

Activity: 364

Merit: 1

If you have had any issues while using the Bancor Network, please join us in our Telegram Support channel! This is the fastest way to help resolve your issues.

22naru

hero member

Activity: 854

Merit: 501

Quote from: Oldman53 on June 23, 2018, 08:56:32 AM

Bancor’s BP, LiquidEOS, was one of the first 21 BPs elected. Can we expect for coming FUD. Mass media and community not really happy with EOS launch and BPs activity.

is EOS team /dev issue not bancor

bancor only support good projects and try to make decentralize blockchain avaible to the mass

Oldman53

full member

Activity: 457

Merit: 100

Bancor’s BP, LiquidEOS, was one of the first 21 BPs elected. Can we expect for coming FUD. Mass media and community not really happy with EOS launch and BPs activity.

Zontop

sr. member

Activity: 854

Merit: 256

This big reward of 40k BNT indicates that how secure the network is because for bug finding this is huge amount. How much testings and attention development team has given even in early days were not serious bugs. I am sure this reward will not be claimed by none and will be used for further development.

JanuaryN

jr. member

Activity: 364

Merit: 2

Quote from: naska21 on June 23, 2018, 02:49:05 AM

Quote from: shewasfourteen on June 19, 2018, 02:30:23 AM

FEATURE UPDATE: Download your keystore file directly from the settings icon in the Bancor Wallet and use your tokens anywhere.

https://ban.cr/Keystore

Attractive feature in fact. Does it mean that by downloading that file and importing it into MEW I can access my tokens that are kept in Bancor Wallet and send them anywhere?

That is correct, Naska. The same can be done by using your seed phrase.

naska21

hero member

Activity: 1358

Merit: 635

Quote from: shewasfourteen on June 19, 2018, 02:30:23 AM

FEATURE UPDATE: Download your keystore file directly from the settings icon in the Bancor Wallet and use your tokens anywhere.

https://ban.cr/Keystore

Attractive feature in fact. Does it mean that by downloading that file and importing it into MEW I can access my tokens that are kept in Bancor Wallet and send them anywhere?

TheRedCanary

member

Activity: 390

Merit: 11

Quote from: Sitimunirah on June 23, 2018, 12:28:03 AM

When can we expect ledger support on bancor website?

Sorry, but we do not have any details at the moment.

Sitimunirah

full member

Activity: 156

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When can we expect ledger support on bancor website?

obsbtc

member

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Merit: 10

Quote from: Kramblerty on June 22, 2018, 05:43:33 AM

So for example, out token total issue = 100 000 000 tokens. The price, e.g. 0.01 USD. So total market value = 1 000 000 USD.

Then we, e.g. buy BNT on 10 000 USD ( 1% from 1M market value) stake it on Bancor + we stake 100 000 tokens (1% of 100M tokens).

Am I right?

We have no details on this, one would have decide on this by consulting with the Team during token listing process.

Kramblerty

member

Activity: 266

Merit: 15

Quote from: JanuaryN on June 22, 2018, 04:06:51 AM

Quote from: Kramblerty on June 21, 2018, 06:19:39 PM

It is recommended to stake 2%-5% of token total market value if a token wants to be listed on Bancor: https://support.bancor.network/hc/en-us/articles/360001240672-How-many-tokens-should-I-stake-in-my-Relay-

But please clarify how many BNT must be purchased?

From the opening paragraph of the knowledge base article that you linked:

Your Relay Token is a new Smart Token with two connectors, each with 50% weight, one holds a balance in your token, the other holds a balance in BNT. You deposit both your token and BNT into your Relay Token.

And from the paragraph you included: It is recommended to stake 2-5% of token total market value...

So it's dependent on total market value of the token being listed.

So for example, out token total issue = 100 000 000 tokens. The price, e.g. 0.01 USD. So total market value = 1 000 000 USD.

Then we, e.g. buy BNT on 10 000 USD ( 1% from 1M market value) stake it on Bancor + we stake 100 000 tokens (1% of 100M tokens).

Am I right?

Topic: [ANN] Bancor | Protocol for Smart-tokens, solving the liquidity problem - page 142. (Read 375744 times)