Topic: [ANN] Bancor | Protocol for Smart-tokens, solving the liquidity problem - page 195. (Read 375905 times)

Of course it is one of the best projects - and actually IMHO it is the best one. What is pretty astonishing is the low quanity of people which seems to be able to understand that. I am started to think that most people in cryptos (well, elsewhere it's probably the same) are just kind of brainless zombies following hype without really understanding what they are doing, and once in front of something really new - like Bancor - they are not able to understand it. They will just storm buying BNT only when it will be much more expensive...

I agree with you. The team does not stop working with the end of its ICO. Constantly new smart tokens appear on the platform of bancor. I follow with an interesting development of the project.

I noticed that the bancor is gaining popularity and it pleases me as investor. Just take a look at the coming events:

5 February    Developer Week in Oakland, USA
5 February    Satoshi Roundtable in Cancun, Mexico
28 February  IFZ FinTech Conference in Zug, Switzerland
1 March        Crypto Virtual Summit, Online

Definitely this is one of the best projects launched on ETH Blockchain

Bancor Network member @WePowerN, which enables #green producers to issue tradable energy tokens, officially launched its #Token Sale today and immediately sold out! Here's to sustainable decentralized #liquidity!
Check out Bancor review from our team here.

This should help:

https://medium.com/@hichemfetoui/the-difference-between-token-relay-and-smart-token-in-bancor-protocol-97cbc729a99c

Looking at the slow-motion with which the technical improvements necessary to continue functioning are integrated in Bitcoin, I would not be so sure about your statement. Especially as the rest of the cryptospace is moving at the speed of light in comparison. I wish Bitcoin were faster in solving its problems of scalability. But it isn't.
On the other side Bancor is "merging" all other cryptoassets which chose to use its protocol into one giant "medium" of liquidity, thus creating a real giant single space. By the way of the Bancor Protocol Cryptolandia is now on the verge of an evolutionary jump, just like in the history of life on earth cells at some point have started to aggregate into complex organisms. Immerged in one single and multi-faced magma of liquidity provided by Bancor, we will soon have to speak about more complex financial and monetary crypto-organisms than the single old individual Bitcoin-like coins we have been used to until now.

Have you read this news from Bancor?

Is it worth worrying about? Or is it just a small technical malfunction?

Yes, nothing is a better guarantee of safety than offering money to hackers if they win the challenge to hack your system. Very good choice. As usual, with Bancor.

Developer Week in Oakland, USA (February 05)
https://coindar.org/en/event/bancor-bnt-developer-week-in-oakland-usa-2770

Please subscribe to our subreddit: https://www.reddit.com/r/Bancor/

That is great move from Bancor to make sure that wallet is really secure and trustless. They are taking all necessary step with great responsibility to provide secure environment to their users. I believe after this launch Bancor will be on the way to the moon because it deserve.

There is no relationship between Bancor and Etherdelta.

Liquid Tokens that integrate the Bancor protocol are embedded with a smart contract which enables the tokens to both issue and destroy themselves.

Hey guys,
We extended the Hackme challenge deadline to Feb 18, 2018. This was just published in Chipin publication:
https://www.chipin.com/bancor-holds-hackme-challenge-valuable-crypto-purse/

In preparation for the upcoming Bancor Wallet launch, we challenge the community to hack an account in our demo environment. If anyone manages to do that, they will win a grand prize of BNT and ETH worth thousands of dollars.

No. Bancor protocol enables the creation of “smart tokens” which independently handle their own liquidity and price discovery through their smart contracts. The method smart tokens use to do this is by holding a balance of another token (let’s use ETH as an example) so that the smart token can be purchased by sending the connector token (ETH) to the smart contract (this ETH is then added to the connector balance, and smart tokens are issued to the buyer) or liquidated by sending smart tokens to the smart contract (the seller then receives ETH from the connector balance and the smart tokens are destroyed) all without needing a second party to trade with. 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 a 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.

Bancor and Etherdelta are two separate services. There is no relationship

Can anyone tell me the relationship of Bancor with Etherdelta? Is that where Bancor buys their tokens from?

This is a very smart way to look at it. I share the same positive view on Bancor, and for the exact same reasons, but you have phrased is in a very cool way, worth remembering.

The thing with bancor and why I'm happy to have all my investment in BNT, is that in the long run it will be the most diverse portfolio possible when the long tail is captured. Thousands of tokens all containing a reserve of BNT 😀

What is your mean by pioneer project for me it's difficult to understand what you want ask. Please explain in details so that other people will be able to help you about your concern.

Is this similar to pioneer us project?  

I don't even see BABB as being a competitor to Bancor in any way. Babb doesn't feature a liquidity protocol for tokens like Bancor. Projects that I'd agree that are competitors of Babb would be Monaco, TenX and of course centra (If It's not a scam).