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Topic: [ANN] Bancor | Protocol for Smart-tokens, solving the liquidity problem - page 153. (Read 375814 times)

full member
Activity: 518
Merit: 106
When you make a transaction, if it is a large transaction, with little depth liquidity, the tokens you trade the rate may slip. A Relay Token is an ERC20 compliant Smart Token that is configured with two connectors, one that holds a balance of BNT and one that holds a balance of another ERC20 token. A Relay Token enables conversions between BNT and the connected token using an on-chain transaction. Because BNT can be converted into any other token in the Bancor Network, the connected token can also be converted to any other token, in another on-chain transaction.
member
Activity: 390
Merit: 11
How secure is the Bancor wallet? Do I need to consider using MEW, are there any insurances on our stored tokens? Thanks

Hi there, actually the two are both very similar wallets. They both work on chain the Ethereum network. And they both provide you with your private keys / 12 word phrase which is your responsibility to store. So as long as you keep your Bancor wallet information secure and safe, they are very secure wallets.
hero member
Activity: 706
Merit: 500
How secure is the Bancor wallet? Do I need to consider using MEW, are there any insurances on our stored tokens? Thanks
member
Activity: 1330
Merit: 10
I just have signed up for Bancor network and created a Wallet. Do I need to send ETH first to my Bancor Wallet or can I connect my MetaMask Wallet Address direct with the Bencor

You can do as you wish. Since you've setup your Bancor Wallet, you can start using it! Don't forget to store your seed and keystore file in a safe place
hero member
Activity: 896
Merit: 500
I just have signed up for Bancor network and created a Wallet. Do I need to send ETH first to my Bancor Wallet or can I connect my MetaMask Wallet Address direct with the Bencor
full member
Activity: 980
Merit: 109
SafeHaven.io, a protocol that facilitates secure digital asset inheritance, has announced integration with Bancor to provide its token holders with liquidity.
https://ban.cr/SafeHavenIntegration
member
Activity: 1330
Merit: 10
Since May 13th, five new tokens have gone live on the Bancor Network:

Rublix (RBLX)
Streamr (DATA)
Joy Token (JOY)
Daneel (DAN)
Po.et (POE)

As well as many others! Smiley You can get notified when tokens are listed at https://t.me/BancorNews
jr. member
Activity: 364
Merit: 2
Since May 13th, five new tokens have gone live on the Bancor Network:

Rublix (RBLX)
Streamr (DATA)
Joy Token (JOY)
Daneel (DAN)
Po.et (POE)
newbie
Activity: 70
Merit: 0
Does anyone know how to find what price you bought at on your bancor? I go to transactions but it doesn't say a price I got it at


You can check your txn id in etherscan, the total price is displayed there.  Wink
member
Activity: 390
Merit: 11
Does anyone know how to find what price you bought at on your bancor? I go to transactions but it doesn't say a price I got it at

Hi there, when you made the transaction, you would have been given the token price. Now you would also have been warned of slippage.
The price at which the smart token is bought or sold for any of its reserve tokens is set by an algorithm which balances the current connector balance with the current smart token supply, at a predefined Weight, which is above 0 and up to 100%. The smart contract also recalculates its own price following each purchase (which causes price to increase) or liquidation (which causes price to decrease), in proportion to the transaction size. So, a larger purchase or liquidation will change the price more than a smaller one. This ensures that the connector cannot be drained and will always maintain their Weight of connector token balance in the contract. Thus, a smart token does not need to be listed in an exchange in order to be liquid and priced by the market.
So in other words, the token price can vary through the transaction but this will be alerted in the slippage.
sr. member
Activity: 621
Merit: 250
Does anyone know how to find what price you bought at on your bancor? I go to transactions but it doesn't say a price I got it at
member
Activity: 1330
Merit: 10
is it decentralized ?

It is a decentralized liquidity network
newbie
Activity: 37
Merit: 0
full member
Activity: 980
Merit: 109
Streamr, an open source platform for the free and fair exchange of the world's real-time data, has integrated with Bancor to provide DATA token holders with instant liquidity.
https://ban.cr/StreamrIntegration
hero member
Activity: 854
Merit: 501
Have a look into why Bancor is important and needed in this insightful post.

Cryptocurrency Exchanges In A Decentralised Ecosystem
https://medium.com/sharpecapital/cryptocurrency-exchanges-in-a-decentralised-ecosystem-5617fe5e4469
good read, cheers for sharing
 bancor will solving the liquidity  and will be in top projects.
jr. member
Activity: 242
Merit: 2
Po.et (POE) is LIVE on the Bancor Network for continuous, decentralized and automated liquidity. Check out the Web App to convert POE, BNT, EOS, NPXS and other tokens directly from your wallet!
https://www.bancor.network/discover

This is a big one! https://http://ban.cr/poet
full member
Activity: 532
Merit: 102
Have a look into why Bancor is important and needed in this insightful post.

Cryptocurrency Exchanges In A Decentralised Ecosystem
https://medium.com/sharpecapital/cryptocurrency-exchanges-in-a-decentralised-ecosystem-5617fe5e4469
newbie
Activity: 70
Merit: 0
https://i.imgur.com/lwH8aFm.jpg

“We see the Bancor Protocol as an elegant solution for liquidity that benefits all token holders
by offering a completely new paradigm for value exchange based on efficient automated market makers, powered by auditable smart contracts.
This is the future of fair, low cost and predictable value exchange, and we're excited to bring these benefits to the EOS.IO community.”

--Dan Larimer, CTO of block.one (creators of EOS)

For more details, please refer to this link:
https://steemit.com/bancor/@bancor-network/announcing-bancor-as-an-eos-block-producer-candidate
hero member
Activity: 896
Merit: 500
Bancor isn't collecting fees on dropped transactions. I take it you're referring to gas. This is normal behavior of the ETH network
full member
Activity: 252
Merit: 101
"Po.et (POE) is LIVE on the Bancor Network" added for voting, proof and forecast on YEENOT TODAY https://yeenot.today/catalog/news/258
good for liquidity and security of POE?


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