[ANN] Bancor | Protocol for Smart-tokens, solving the liquidity problem - page 143.

Kramblerty

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Activity: 266

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Quote from: JanuaryN on June 22, 2018, 03:06:51 AM

Quote from: Kramblerty on June 21, 2018, 05:19:39 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?

JanuaryN

jr. member

Activity: 364

Merit: 2

Quote from: Kramblerty on June 21, 2018, 05:19:39 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.

Kramblerty

member

Activity: 266

Merit: 15

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?

ivaf

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Activity: 980

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TV-TWO, a Blockchain-based ecosystem that enables consumers to earn crypto while watching TV, has announced integration with Bancor to provide continuous liquidity to its platform.
https://ban.cr/TVTwoIntegration

obsbtc

member

Activity: 1330

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Bancor has a Help Center with very interesting resources!

https://support.bancor.network/hc/en-us

BancorAmbassador

jr. member

Activity: 242

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NOTICE: TRON (TRX) is being removed from the Bancor Network ahead of the upcoming TRON mainnet launch.

nickamazix

newbie

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Keep up to date with Bancor, please join our telegram: https://t.me/bancor

22naru

hero member

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Quote from: shewasfourteen on June 19, 2018, 01:30:23 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

nice this is how should work a top wallet

ivaf

full member

Activity: 980

Merit: 109

By the way, want to earn extra BNT? Find bugs in Bancor's smart contracts, website or software and earn rewards. 40,000 BNT up for grabs!
https://ban.cr/BugBounty

obsbtc

member

Activity: 1330

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A lot of interesting updates on Bancor's Medium blog! Have you read one of the latest?

https://blog.bancor.network/100tokens-b83b4ec9cf35

Qpeeps

newbie

Activity: 51

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Quote from: BancorAmbassador on June 19, 2018, 03:11:08 AM

Quote from: drwoo on June 18, 2018, 10:21:25 PM

Quote from: Xantrax on June 17, 2018, 06:51:41 AM

What about the relay token though? Should be able to trade that without pundi being online right?

How does this relay token thing work? I saw the option there but didn't really know what it is meant to do.

Check out this explainer: https://ban.cr/HowRelaysWork

Thanks, good explanation. In fact, to get wider and wider adoption more and more literature has to be written about the functioning of the Bancor protocol.

ivaf

full member

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BancorAmbassador, thanks for the answer to the question! I did not have time to answer ))

And one more important news: this Thursday, June 21st, TRON (TRX) will be removed from the Bancor Web App ahead of the upcoming TRON mainnet launch. Bancor will not be facilitating the token transfer for users. Please see this blog post on how to transfer your TRX: https://ban.cr/TRONmainnet

The Cryptoclast

newbie

Activity: 14

Merit: 0

Quote from: BancorAmbassador on June 19, 2018, 03:09:18 AM

Quote from: frcat on June 19, 2018, 12:15:34 AM

Quote from: ivaf on June 17, 2018, 01:05:41 PM

EOS blockchain is officially live and we are honored that Bancor's LiquidEOS was elected as one of the first 21 block producers! Now the real work begins.
https://ban.cr/LiquidEOSlive

https://i.imgur.com/8qV2cdcm.jpg

What this means? Bancor exchange will supporting EOS tokens? Im very skeptical about EOS. This is new blockchain with unproffesional team. Bancor must work at Ethereum standars tokens (ERC 227 etc which they dont supporting).

It means that Bancor is now one of the main block producers for a new blockchain right at its inception. An EOS block producer is akin to a Bitcoin miner.

I must say that told in this way it is a very very impressive achievement. I sense we will see great benefits for BNT from this move.

jk milon

newbie

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Guess it's very interesting project

Tarasov1992

jr. member

Activity: 266

Merit: 1

PundiX is LIVE on the Bancor Web App. Convert NPXS now: https://ban.cr/PundiX

JanuaryN

jr. member

Activity: 364

Merit: 2

PundiX (NPXS) will be added back to the Bancor Web App at around 11 AM GMT today.

BancorAmbassador

jr. member

Activity: 242

Merit: 2

Quote from: drwoo on June 18, 2018, 10:21:25 PM

Quote from: Xantrax on June 17, 2018, 06:51:41 AM

What about the relay token though? Should be able to trade that without pundi being online right?

How does this relay token thing work? I saw the option there but didn't really know what it is meant to do.

Check out this explainer: https://ban.cr/HowRelaysWork

BancorAmbassador

jr. member

Activity: 242

Merit: 2

Quote from: frcat on June 19, 2018, 12:15:34 AM

Quote from: ivaf on June 17, 2018, 01:05:41 PM

EOS blockchain is officially live and we are honored that Bancor's LiquidEOS was elected as one of the first 21 block producers! Now the real work begins.
https://ban.cr/LiquidEOSlive

What this means? Bancor exchange will supporting EOS tokens? Im very skeptical about EOS. This is new blockchain with unproffesional team. Bancor must work at Ethereum standars tokens (ERC 227 etc which they dont supporting).

It means that Bancor is now one of the main block producers for a new blockchain right at its inception. An EOS block producer is akin to a Bitcoin miner.

Vitamin_52

sr. member

Activity: 854

Merit: 257

WATCH: galiabenartzi LIVE on Bloomberg's today at 10:40AM GMT discussing a major upcoming launch.
https://www.bloomberg.com/live/europe

shewasfourteen

sr. member

Activity: 686

Merit: 261

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

https://ban.cr/Keystore

Topic: [ANN] Bancor | Protocol for Smart-tokens, solving the liquidity problem - page 143. (Read 375905 times)