Topic: [ANN] Bancor | Protocol for Smart-tokens, solving the liquidity problem - page 197. (Read 375744 times)

They raised an incredibly high amount of money in the ICO. Returns are bound to be hard to come by, especially for the short-medium term. If the BNT token gets adopted for providing liquidity to other tokens, over the long run, you might see some price increase.

As a general rule, ICOs have a difficult time beating ETH in any case. Very few have done so over several months/years time.

Now they are not called Smart Tokens any more. They are called Liquid tokens.

https://blog.bancor.network/bancor-progress-update-9b47745f604c

I guess your explanation might still be too complicated for the guy, if he couldn't handle the Whitepaper, which is very well written. On the other side, Bancor is getting more and more complex as it develops, so I'm getting a hard time myself to get all the details.
In just a few words, Bancor mainly uses a system of Bancor tokens with different properties and functions to create a pool of liquidity between classes of assets - at the moment just different ERC-20 tokens. This system uses the Bancor Protocol which contains a formula able to determine ("discover") the price of the assets in any moment. So when you buy or sell an asset against another you don't need a counterparty any more. The Bancor reserve is the counterparty and it's managed automatically by the Bancor protocol.

ICO ROI% for Bancor (BNT) = $7.15 | 0.00064044 BTC
USD: +85%
ETH: -40%
BTC: -51%

I really hope that the Bancor project will start to pay off (soon). I've rarely seen such a low ROI on a high profile ICO/project.

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 doesn't have a good reputation of treating security researchers with respect. For example, before the ICO, they diluted their bug bounties just before the promised date, so they could pay out less.

2,500 BNT reward for anyone who can transfer HACKME tokens to their own wallet in the Bancor demo environment!

Bancor is giving away 2,500 BNT to anyone who manages to transfer HACKME tokens to their own wallet in the Bancor demo environment! Are you up for the challenge? Start hacking! - https://app.demo.bancor.network/discover?utm_source=social&utm_medium=hackme

Raising as much money as possible isn't the goal, however. Ethereum raised $18 million in their ICO, and look how much they were able to accomplish with that money.

The Bancor token will eliminate the "double coincidence of wants" problem, meaning that the Bancor platform will allow you to trade between (for instance) two ERC-20 tokens without first having to trade to Ether or Bitcoin.

Can i use Bancor as Bounty platform for providing Bounty campaign?

I'm taking part in bOUNTY on bancor network, and when I go there I noticed new coins added by the bancor, I see the project does not sit in place, and the team does something for that but the price of the coin for some reason does not grow

Previously, the Bancor Network Token (BNT) launched through one of the largest crowdsale campaigns in blockchain industry, raising that $153 million from 10,885 participants in less than three hours.


https://www.forbes.com/sites/montymunford/2017/12/12/bancor-starts-to-deliver-on-its-record-breaking-153-million-ico/#16c5cb753509

does anyone can explain the how Bancor protocol works in a nutshell? )
I've looked through the WP for 3 times
and I got nothing litteraly )

There is no concept of a masternode for Bancor - may be you're confusing BNT with some other crypto. BNT is in fixed supply, and an ERC20 token on ETH. It borrows its security characteristics from Ethereum, and therefore doesn't need a masternode.

Wow, you've hit my imagination man, I'd also love to run a Bancor Masternode if something like that existed. Bancor is my number one choice of asset, would love to be even more part of the project than I already am by owning a lot of BNT.

also the question, where can I see future listing tokens?

Relax and HODL. Wish they could have Master Nodes. I would have gone almost All-in =D
Love the platform!

The WAX.io ecosystem is expanding, announcing additional gaming platform, Xsolla, accepting WAX Tokens as payment in over 2000 titles. Another successful project in the Bancor Network for decentralized liquidity!
https://www.ccn.com/new-partnerships-industry-giants-put-wax-token-road-towards-mass-adoption/



What? More updates? You have every day something happens, and there will be more? 

how to get liquidity in a simple way and bancor solves this elegantly

 it makes your ERC20 tokens liquid in the ‘real world’
Bancor lets you create completely liquid tokens that serve as their own market maker

Thanks for the feedback. More updates coming soon!