[ANN] Bancor | Protocol for Smart-tokens, solving the liquidity problem - page 203.

GayEddie

full member

Activity: 290

Merit: 100

Quote from: LegendX on January 12, 2018, 10:40:27 AM

Hi, can anyone help me understand what stops someone from selling their smarttokens back to the smart contract to the point that all of the ETH backing BNT disappears (I guess something akin to a bank run)?

One guy in one txn empty out the connector (Eth reserve)?

Either he a big idiot or he just clueless about bancor protocol like you.

He would lost alot if he do that. The price will adjust with every token you sell(destroy by contract)
So the price he get will extremely low toward the end of the reserve remain. He would better off selling in exchange.

And for any smart token, to empty the reserve, you need to sell (destroy) every smart token that exist. It will eventually bring the price to zero.
For bnt that would be impossible as the bancor team hold alot and the token relay in the app also hold bnt, eventually it doesnt matter if every weak hand sell bnt. Relay and bancor team will hold it more

GayEddie

full member

Activity: 290

Merit: 100

Quote from: mdenys on January 07, 2018, 12:28:46 PM

Quote from: GayEddie on January 07, 2018, 07:44:13 AM

Will bancor moon like ETH?
That seem so possible seeing how shit coin can jump and moon

I dont see Eth mooning,just three times more now than it was in last summer,tokens and coins like tron,ada,ripple are really mooning incredebly.Bankor is very undervalued now and I believe this year it will make ×10.

okay.

Just say Guy say brush off noob in telegram that expecting a pump and say that there are no token that cant be pump. That is funny

Code_Quentoune

newbie

Activity: 6

Merit: 1

Quote from: LegendX on January 12, 2018, 10:40:27 AM

Hi, can anyone help me understand what stops someone from selling their smarttokens back to the smart contract to the point that all of the ETH backing BNT disappears (I guess something akin to a bank run)?

It cannot happen thanks to the Bancor Protocol Formula. If someone is selling even a huge amount of BNT, the Bancor Protocol formula would adjust the conversion price to make sure that in any case, you still have a steady 10% amount of ETH backing the BNT balance. That is one of the advantages of the Bancor Protocol.
Just read the Bancor white paper if you want to have the full description of the Bancor Protocol and to check the maths.

konigilya

member

Activity: 252

Merit: 12

Checking BNT for a long time and it is so stable! I love that coin! Billion dollars is coming. You can't be poor investing into BNT.

LegendX

member

Activity: 247

Merit: 10

Hi, can anyone help me understand what stops someone from selling their smarttokens back to the smart contract to the point that all of the ETH backing BNT disappears (I guess something akin to a bank run)?

maryhansenn

member

Activity: 308

Merit: 10

what are benefits for token holders during trading on the bancor network?

BancorAmbassador

jr. member

Activity: 242

Merit: 2

RLC Token (iExec) now LIVE on the Bancor Network for continuous, decentralized and automated liquidity.

Check out the Web App to convert RLC, BNT, ETH and other tokens directly from your Web3 wallet: https://app.bancor.network/communities/5a54b99c399bc50001662287/currency

BancorAmbassador

jr. member

Activity: 242

Merit: 2

Quote from: Dvd1989 on January 12, 2018, 07:42:09 AM

Quote from: BancorAmbassador on January 11, 2018, 04:54:10 PM

***UPDATES***

NEW SIMPLE TUTORIAL ON HOW TO USE THE BANCOR WEB APP: https://steemit.com/bancor/@bancor-network/4gurrp-how-to-use-the-bancor-web-app

EDG Token (Edgeless) now LIVE on the Bancor Web App: https://www.bancor.network/communities/5a54b4027b6b0e0001fc69c9/currency

Bancor has been nominated in multiple categories at the Crypto Royalty Awards! - http://crypto-royalty-awards.d10e.biz

This is a really prestigious and widely covered event. Would be AMAZING exposure for the protocol if everyone in here could vote for the team members. Takes about 1 minute....

*Make sure you're logged in to your Facebook account*
*and have ADBLOCKERS TURNED OFF*

... and vote accordingly:

* Top Blockchain Founder - Galia Benartzi
* Top Blockchain ICO - Bancor

Bancor will also soon appear in these other categories as well so keep a look out:
* Top Blockchain Founder - Eyal Hertzog
* Top Blockchain Advisor - Guy Benartzi
* Top Blockchain Exchange - Bancor

Thank you! Very good to see that the team is on top of things, and that Bancor keeps popping up in the media and in award shows. More exposure = more partnerships = higher value. Go Bancor!

Thanks for the great feedback and also to the community at large for the tremendous support!

Dvd1989

sr. member

Activity: 616

Merit: 252

Quote from: BancorAmbassador on January 11, 2018, 04:54:10 PM

***UPDATES***

NEW SIMPLE TUTORIAL ON HOW TO USE THE BANCOR WEB APP: https://steemit.com/bancor/@bancor-network/4gurrp-how-to-use-the-bancor-web-app

EDG Token (Edgeless) now LIVE on the Bancor Web App: https://www.bancor.network/communities/5a54b4027b6b0e0001fc69c9/currency

Bancor has been nominated in multiple categories at the Crypto Royalty Awards! - http://crypto-royalty-awards.d10e.biz

This is a really prestigious and widely covered event. Would be AMAZING exposure for the protocol if everyone in here could vote for the team members. Takes about 1 minute....

*Make sure you're logged in to your Facebook account*
*and have ADBLOCKERS TURNED OFF*

... and vote accordingly:

* Top Blockchain Founder - Galia Benartzi
* Top Blockchain ICO - Bancor

Bancor will also soon appear in these other categories as well so keep a look out:
* Top Blockchain Founder - Eyal Hertzog
* Top Blockchain Advisor - Guy Benartzi
* Top Blockchain Exchange - Bancor

Thank you! Very good to see that the team is on top of things, and that Bancor keeps popping up in the media and in award shows. More exposure = more partnerships = higher value. Go Bancor!

RitzBitzz

sr. member

Activity: 331

Merit: 250

these have already committed to become part of the bancor network: https://www.reddit.com/r/Bancor/comments/75b7us/list_of_all_known_projects_committed_to_using/?st=J8VG9FQX&sh=548326c7https://www.reddit.com/r/Bancor/comments/75b7us/list_of_all_known_projects_committed_to_using/?st=J8VG9FQX&sh=548326c7

RitzBitzz

sr. member

Activity: 331

Merit: 250

Another day, another token Relay. It will continue to grow!

BancorAmbassador

jr. member

Activity: 242

Merit: 2

***UPDATES***

NEW SIMPLE TUTORIAL ON HOW TO USE THE BANCOR WEB APP: https://steemit.com/bancor/@bancor-network/4gurrp-how-to-use-the-bancor-web-app

EDG Token (Edgeless) now LIVE on the Bancor Web App: https://www.bancor.network/communities/5a54b4027b6b0e0001fc69c9/currency

Bancor has been nominated in multiple categories at the Crypto Royalty Awards! - http://crypto-royalty-awards.d10e.biz

This is a really prestigious and widely covered event. Would be AMAZING exposure for the protocol if everyone in here could vote for the team members. Takes about 1 minute....

*Make sure you're logged in to your Facebook account*
*and have ADBLOCKERS TURNED OFF*

... and vote accordingly:

* Top Blockchain Founder - Galia Benartzi
* Top Blockchain ICO - Bancor

Bancor will also soon appear in these other categories as well so keep a look out:
* Top Blockchain Founder - Eyal Hertzog
* Top Blockchain Advisor - Guy Benartzi
* Top Blockchain Exchange - Bancor

Buerra

legendary

Activity: 980

Merit: 1000

Quote from: JesusCryptos on January 11, 2018, 11:37:01 AM

Quote from: Buerra on January 11, 2018, 01:06:35 AM

Quote from: JesusCryptos on January 10, 2018, 10:20:44 AM

Quote from: Buerra on January 09, 2018, 03:09:10 PM

Probably in a day we will see 10bucks. But its still to cheap. On marketcap still there is too much way to go

100 Bucks is a reasonable estimate for 2018, unless the whole crypto world crumbles. As soon as the bears go out of steam (and it seems the moment has just come), only the bulls will rule and My guess is that Bancor's bulls are more bullish that other coins' bulls

with 100 bucks marketcap hits over billion $. Which is reasonable in this terms of market but i think whole crypto market increased over their value. so i would be happy if we will see 20-25 bucks

If you consider that coins like Verge are far beyond one billion and their use in the ecosystem is not clear at all to me, you see that Bancor is still dramatically undervalued.

Current marketcap values for whole coins exteremly high.with current situation it will be hit at least 5 billion

JesusCryptos

full member

Activity: 714

Merit: 117

Quote from: Buerra on January 11, 2018, 01:06:35 AM

Quote from: JesusCryptos on January 10, 2018, 10:20:44 AM

Quote from: Buerra on January 09, 2018, 03:09:10 PM

Probably in a day we will see 10bucks. But its still to cheap. On marketcap still there is too much way to go

100 Bucks is a reasonable estimate for 2018, unless the whole crypto world crumbles. As soon as the bears go out of steam (and it seems the moment has just come), only the bulls will rule and My guess is that Bancor's bulls are more bullish that other coins' bulls

with 100 bucks marketcap hits over billion $. Which is reasonable in this terms of market but i think whole crypto market increased over their value. so i would be happy if we will see 20-25 bucks

If you consider that coins like Verge are far beyond one billion and their use in the ecosystem is not clear at all to me, you see that Bancor is still dramatically undervalued.

Lyd

full member

Activity: 420

Merit: 101

If I click back on the bancor conversion pop up after I've hit buy but then accept the transaction on metamask, will that go through?

Buerra

legendary

Activity: 980

Merit: 1000

Quote from: JesusCryptos on January 10, 2018, 10:20:44 AM

Quote from: Buerra on January 09, 2018, 03:09:10 PM

Probably in a day we will see 10bucks. But its still to cheap. On marketcap still there is too much way to go

100 Bucks is a reasonable estimate for 2018, unless the whole crypto world crumbles. As soon as the bears go out of steam (and it seems the moment has just come), only the bulls will rule and My guess is that Bancor's bulls are more bullish that other coins' bulls

with 100 bucks marketcap hits over billion $. Which is reasonable in this terms of market but i think whole crypto market increased over their value. so i would be happy if we will see 20-25 bucks

Sam San

sr. member

Activity: 630

Merit: 250

Quote from: mitchel_am on January 10, 2018, 02:52:17 PM

Whenever the Bancor Protocol will be implemented on other platforms like EOS, Cardano etc. will there be new, different BNT tokens, or will the one BNT token be usable?

if Bancor Protocol became the standard of exchange for multiple platforms, that would be great, but only one project consisting of different platform, this Cosmos, whether their association or cooperation?

maryhansenn

member

Activity: 308

Merit: 10

Does bancor have any competitors / other dapps offering similar services?

mitchel_am

member

Activity: 378

Merit: 10

Whenever the Bancor Protocol will be implemented on other platforms like EOS, Cardano etc. will there be new, different BNT tokens, or will the one BNT token be usable?

Lyd

full member

Activity: 420

Merit: 101

quick question, i am about to use bancor for first time but worried about liqudity. If I allow for 5% slippage for selling my wax token but there is not enough liquidity, i end up losing $100 for gas paid... is that right?
is there a way I can check if there is enough liquidity?

Topic: [ANN] Bancor | Protocol for Smart-tokens, solving the liquidity problem - page 203. (Read 375905 times)