[ANN] Bancor | Protocol for Smart-tokens, solving the liquidity problem - page 192.

alexinv

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Activity: 689

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Quote from: boopy265420 on February 12, 2018, 05:46:04 AM

This automated liquidated protocol of Bancor very soon will take the market of many exchanges. It is decentralized and to make it lot more easier they are working. One common problem with decentralized exchanges is complicated UI/UX which Bancor has focused on. Web App has already positive feed so this token should be at least 10x from here in due time.

in 10x? let's hope for this

CarlosCorreia

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Activity: 728

Merit: 139

Quote from: BancorAmbassador on February 12, 2018, 07:09:10 AM

Quote from: CarlosCorreia on February 11, 2018, 03:11:42 PM

I just use Bancor for the first time to trade some tokens.

I heard that the gas fees are now bearable, ant it is true.

So, I went and buy 5 TaaS with ETH.
Transaction fee was 0.002622635 ETH. A bit high, but bearable.

My problem is that I did not get 5 TaaS, I only get 4.999971 TaaS!
Why is that? What is this fee that was never announced? I thought I only pay gas for the ETH network to process the transaction!

With each token purchased/sold the price of the token itself moves as it is recalculated by the Bancor Protocol. Also, relays with lower liquidity experience greater price slippage.

Bancor is moving to demonstrate more clearly in the UX when a user can expect more or less price slippage.

As tokens join and understand the utility of Bancor, liquidity will increase throughout the network and in individual relays.

We are also continuously working on lowering gas consumption, which will keep making Bancor prices competitive with exchanges where users pay conversion fees and tokens pay listing fees.

Did not understand...

Are you saying that the 4.999971 TaaS instead of 5 TaaS was due to the price move?

mexi.db

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Activity: 532

Merit: 102

Bancor's latest product release: a redesigned Web App for easy token discovery, with a focus on liquidity depth and conversion volume. Let us know what you think! https://www.bancor.network/discover

BancorAmbassador

jr. member

Activity: 242

Merit: 2

UPDATE: GN Compass P2P lending platform for cryptocurrency-backed loans to join the Bancor Network!

Read more about it HERE: http://www.prweb.com/releases/prweb15168741.htm

BancorAmbassador

jr. member

Activity: 242

Merit: 2

Quote from: emreunsal10 on February 12, 2018, 04:02:32 AM

Quote from: Krezz2017 on February 11, 2018, 04:13:55 PM

Interesting coin. I think it's time to invest in it. But, it's worth waiting a little, when it still falls a little, to the historical level. Who has any considerations. Is it possible to grow with this coin for several X.

i don't think it's possible for several X, it still seems to pegged with ETH.. you can compare charts.

https://www.reddit.com/r/Bancor/comments/7tdlcp/some_more_thoughts_on_bancor_and_bnt/

Look on 4.

"4, After the end of Bancor's financing phase, BNT did not go up becuase its value has increased. Instead, it was totally dependent on the path of ETH going up and dowm. The true value of BNT has not been seen yet. Bancor team should really think about this."

Bancor Founder "eyul" replies;

"We're thinking about it a lot! Expect updates on this specific matter really soon Wink

"

We still don't know the updates..

We have long announced our intention to be a cross chain liquidity solution, this is one of the main technology objectives for 2018 along with lowering transaction costs and releasing our own mobile compatible wallet. Stay tuned!

BancorAmbassador

jr. member

Activity: 242

Merit: 2

Quote from: CarlosCorreia on February 11, 2018, 03:11:42 PM

I just use Bancor for the first time to trade some tokens.

I heard that the gas fees are now bearable, ant it is true.

So, I went and buy 5 TaaS with ETH.
Transaction fee was 0.002622635 ETH. A bit high, but bearable.

My problem is that I did not get 5 TaaS, I only get 4.999971 TaaS!
Why is that? What is this fee that was never announced? I thought I only pay gas for the ETH network to process the transaction!

With each token purchased/sold the price of the token itself moves as it is recalculated by the Bancor Protocol. Also, relays with lower liquidity experience greater price slippage.

Bancor is moving to demonstrate more clearly in the UX when a user can expect more or less price slippage.

As tokens join and understand the utility of Bancor, liquidity will increase throughout the network and in individual relays.

We are also continuously working on lowering gas consumption, which will keep making Bancor prices competitive with exchanges where users pay conversion fees and tokens pay listing fees.

boopy265420

legendary

Activity: 1876

Merit: 1005

This automated liquidated protocol of Bancor very soon will take the market of many exchanges. It is decentralized and to make it lot more easier they are working. One common problem with decentralized exchanges is complicated UI/UX which Bancor has focused on. Web App has already positive feed so this token should be at least 10x from here in due time.

emreunsal10

sr. member

Activity: 854

Merit: 256

Quote from: Krezz2017 on February 11, 2018, 04:13:55 PM

Interesting coin. I think it's time to invest in it. But, it's worth waiting a little, when it still falls a little, to the historical level. Who has any considerations. Is it possible to grow with this coin for several X.

i don't think it's possible for several X, it still seems to pegged with ETH.. you can compare charts.

https://www.reddit.com/r/Bancor/comments/7tdlcp/some_more_thoughts_on_bancor_and_bnt/

Look on 4.

"4, After the end of Bancor's financing phase, BNT did not go up becuase its value has increased. Instead, it was totally dependent on the path of ETH going up and dowm. The true value of BNT has not been seen yet. Bancor team should really think about this."

Bancor Founder "eyul" replies;

"We're thinking about it a lot! Expect updates on this specific matter really soon Wink

"

We still don't know the updates..

meditations1

member

Activity: 196

Merit: 11

Quote from: Krezz2017 on February 11, 2018, 04:13:55 PM

Interesting coin. I think it's time to invest in it. But, it's worth waiting a little, when it still falls a little, to the historical level. Who has any considerations. Is it possible to grow with this coin for several X.

Check out https://t.me/bancortraders to discuss trading and speculation.

Krezz2017

full member

Activity: 560

Merit: 128

Interesting coin. I think it's time to invest in it. But, it's worth waiting a little, when it still falls a little, to the historical level. Who has any considerations. Is it possible to grow with this coin for several X.

alexinv

full member

Activity: 689

Merit: 102

Quote from: CarlosCorreia on February 11, 2018, 03:11:42 PM

I just use Bancor for the first time to trade some tokens.

I heard that the gas fees are now bearable, ant it is true.

So, I went and buy 5 TaaS with ETH.
Transaction fee was 0.002622635 ETH. A bit high, but bearable.

My problem is that I did not get 5 TaaS, I only get 4.999971 TaaS!
Why is that? What is this fee that was never announced? I thought I only pay gas for the ETH network to process the transaction!

interesting, anyone can explain?

pumz

sr. member

Activity: 826

Merit: 250

At the same time three updates have been dropped in here so it is kind hard to check them all at once. I will take them one by one first of all watching video will be suitable to understand what is all about. Then checking the Bancor Web App next of my list. Bancor still sleeping giant and undervalued token of the time.

CarlosCorreia

full member

Activity: 728

Merit: 139

I just use Bancor for the first time to trade some tokens.

I heard that the gas fees are now bearable, ant it is true.

So, I went and buy 5 TaaS with ETH.
Transaction fee was 0.002622635 ETH. A bit high, but bearable.

My problem is that I did not get 5 TaaS, I only get 4.999971 TaaS!
Why is that? What is this fee that was never announced? I thought I only pay gas for the ETH network to process the transaction!

BancorAmbassador

jr. member

Activity: 242

Merit: 2

UPDATES:

Bancor Co Founder Eyal Hertzog joins the DAV Foundation - https://www.youtube.com/watch?v=NTpUTKl1e0M

Bancor's Web App has a whole NEW look. What do you think? - https://bancor.network/discover

INTERVIEW: Bancor Co-Founder Eyal Hertzog on The Expat Money Show - Must Listen!: https://itunes.apple.com/ca/podcast/the-expat-money-show/id1325406756#

Hullo

hero member

Activity: 980

Merit: 500

Bancor's automated converting system is getting ready to go live fully in true senses for wider usage. I see the interest in getting integrated into its protocol by other tokens has picked up pace already. I saw somewhere final security audits are going on once that done. A high class exchange in simple words will be out to outclass most of the centralized exchanges.

stormfold

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Activity: 210

Merit: 10

Get the latest news first hand at: https://t.me/bancor

Brilliantrocket

hero member

Activity: 826

Merit: 500

The biggest advantage of bancor is only when you buy and sell..the whole user experience..it's so simple and few clicks

JanuaryN

jr. member

Activity: 364

Merit: 2

Quote from: ruletheworld on February 09, 2018, 10:55:04 PM

Quote from: ivaf on February 08, 2018, 02:00:49 PM

Eyal Hertzog, Bancor Co-founder and Product Architect, joins the advisory board of DAV Network, a decentralized marketplace where anyone can buy and sell autonomous transportation services. Watch Eyal share his insights on this innovative project:
https://youtu.be/NTpUTKl1e0M

Interesting. The video suggests the teams have a long history together outside of these projects. It is good to know such partnerships forming.

See who else is involved in these impressive teams:

Bancor: https://about.bancor.network/about

DAV: https://dav.network/#dav-team

ruletheworld

legendary

Activity: 1386

Merit: 1045

Quote from: ivaf on February 08, 2018, 02:00:49 PM

Eyal Hertzog, Bancor Co-founder and Product Architect, joins the advisory board of DAV Network, a decentralized marketplace where anyone can buy and sell autonomous transportation services. Watch Eyal share his insights on this innovative project:
https://youtu.be/NTpUTKl1e0M

Interesting. The video suggests the teams have a long history together outside of these projects. It is good to know such partnerships forming.

clixcoin

legendary

Activity: 1750

Merit: 1004

Quote from: Shahrul09 on February 09, 2018, 06:10:55 AM

We just released the video tutorial about how to convert token on Bancor network.

Watch our tutorial on how to convert tokens on the Bancor Network using MetaMask:

https://youtu.be/VVX9BhFFvtI

Amazing growth of this platform as expected it turning into mega one this kind of tutorial would be really helpful for people how to use this with comfort. This will be the future of token economy so that this token will become more valuable with the current growth rate.

Topic: [ANN] Bancor | Protocol for Smart-tokens, solving the liquidity problem - page 192. (Read 375823 times)