[ANN] Bancor | Protocol for Smart-tokens, solving the liquidity problem - page 224.

sud

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Activity: 826

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Quote from: bribed on November 29, 2017, 08:35:41 AM

What are your thoughts on Stox as the first smart token on Bancor Network? Do you think this was a good decision or not as a first project? Until now, ICO investors in Stoxs are pretty screwed over by it. Do you think this is in some kind related to Bancor?

First Smart Token on Network was GNO with GNOBNT Relay, which is live since the beginning of October, and we can call it successful, since third biggest trading volume for Gnosis is on Bancor (just after Poloniex and Bittrex). I don't know the story behind Stox investors, but the token can only benefit from more volume and more attention from Protocol integration. Can you elaborate more about the situation with Stox?

yingfeng

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Quote from: Shahrul09 on November 29, 2017, 01:50:23 PM

Quote from: bribed on November 29, 2017, 08:35:41 AM

What are your thoughts on Stox as the first smart token on Bancor Network? Do you think this was a good decision or not as a first project? Until now, ICO investors in Stoxs are pretty screwed over by it. Do you think this is in some kind related to Bancor?

The price is already below ico when bancor got integrated into stox

It is necessary to wait for the launch of many smart token on bancor. Over time, the BNT token will begin to grow. And the other day an update came out.

Shahrul09

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Quote from: bribed on November 29, 2017, 08:35:41 AM

What are your thoughts on Stox as the first smart token on Bancor Network? Do you think this was a good decision or not as a first project? Until now, ICO investors in Stoxs are pretty screwed over by it. Do you think this is in some kind related to Bancor?

The price is already below ico when bancor got integrated into stox

Shahrul09

sr. member

Activity: 504

Merit: 251

Another token really is live
Blackmoon crypto!

https://app.bancor.network/communities/5a048e08f83f4c00013c46d7/about

ivaf

full member

Activity: 980

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"We're entering a new era where money comes from the people" Bancor's Galia Benartzi at Ethereal San Francisco Panel. In case you missed The New Inclusive Global Economy panel hosted by Laura Shin with Sheila Warren, Matt McKibbin and Sam Cassatt. Thanks ConsenSys for having us!
Video on YouTube: https://youtu.be/rzQnnESg4G8

XCNP

sr. member

Activity: 728

Merit: 250

Though don't have technical knowledge about these discussions but all this sounds good for my limited understanding. I am just holding some BNT token in hope of seeing huge increase over the next few months. It looks very good all how things are explained but need to see them implementation.

Karl_Marx

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You need to have a lot of volume to make Bancor rise faster than Ethereum. As is the case for any new coin on the Bancor protocol.

Because of the automatic buy and sell walls it it is impossible to pump and dump a coin like the way many coins rise. This leads to the fact that these coins rise very slowly, making them atypical cryptoinvestments.

The problem is that because the low potential of rapid big gains (because of the artificial sell walls) investors will lose patience and over the longer period they sell. The tendency of these coins is therefor to go down, just like Bancor. It has been slowly losing price in comparison to its reserve currency: ETH. This is because of the bancor network contract trading.

If you want stability and liquidity, invest in Bancor coins (or Lykke, they also peg their currency against the swiss frank and a little bit bitcoin and eth).

If you want big gains you gotta invest in coins on 'normal' exchanges, where investors do not have to buy up all these artificial sell-walls.

matthewtherry

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Are there any plans to integrate limit orders into the web app so users can schedule trades in advance?

bribed

full member

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What are your thoughts on Stox as the first smart token on Bancor Network? Do you think this was a good decision or not as a first project? Until now, ICO investors in Stoxs are pretty screwed over by it. Do you think this is in some kind related to Bancor?

Shahrul09

sr. member

Activity: 504

Merit: 251

Quote from: FesselSpiel on November 29, 2017, 07:46:07 AM

Quote from: nopedope89 on November 25, 2017, 06:07:47 PM

According to ICO, the current price is $ 4.5. It is interesting that the price of such a cooperative project does not increase much.

I think this is due to the fact, that you don't need BNT to use the Bancor Protocoll and the Bancor Website. All the transactions can be done in ETH. So BNT is basically the "fifth wheel on the wagon" (as we say in Germany). It is not really needed. The original promise to sponsor the gas for BNT transactions was not kept, so this was the only incentive to hold BNT over ETH.
My guess: The Bancor Protocol and the SmartTokens will thrive but no one will use BNT for this.

You will need to use BNT to use the platform app, to create smart token, token relay.
(This is the main function and goal of the project, not the transaction...)

To do transaction via the web app you don’t need bnt,
But every transaction that happen in the bancor app will involve bnt behinds the scene.

Example;

ETH > STOX
Behind the scene it happen like this
ETH>BNT>STX

Please understand the project before saying something that you didn’t know

Shahrul09

sr. member

Activity: 504

Merit: 251

Today, new tokens must battle to be
listed in exchanges and achieve relevant
trade volumes to match buyers and sellers
through a classic bid/ask order book.
Learn how the Bancor Protocol automates a liquidity solution for all.

http://bit.ly/LiquidityBarrier

FesselSpiel

newbie

Activity: 23

Merit: 0

Quote from: nopedope89 on November 25, 2017, 06:07:47 PM

According to ICO, the current price is $ 4.5. It is interesting that the price of such a cooperative project does not increase much.

I think this is due to the fact, that you don't need BNT to use the Bancor Protocoll and the Bancor Website. All the transactions can be done in ETH. So BNT is basically the "fifth wheel on the wagon" (as we say in Germany). It is not really needed. The original promise to sponsor the gas for BNT transactions was not kept, so this was the only incentive to hold BNT over ETH.
My guess: The Bancor Protocol and the SmartTokens will thrive but no one will use BNT for this.

Shahrul09

sr. member

Activity: 504

Merit: 251

A new partner announced integration to the Bancor Protocol.

A new generation of startup accelerator,
Rocket ICO is a Decentralized Autonomous Organization (DAO)
using SmartContracts to help blockchain projects thrive and integrating the
Bancor Protocol for decentralized liquidity throughout their network.

https://rocketico.io/#rocketbancor

StormJames3D

member

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Hello all

We are thrilled to announce the newest live token in the Bancor Network for decentralized liquidity: Continuously convert ETH, BNT, GNO, STX...and now also ENJ. Welcome, Enjin Coin!

https://blog.bancor.network/announcing-the-newest-live-token-in-the-bancor-network-say-hello-to-enjin-9c1d3ee30d2

Trollollo

hero member

Activity: 539

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Quote from: Dvd1989 on November 28, 2017, 04:16:09 AM

Quote from: infested999 on November 27, 2017, 04:31:30 PM

Quote from: Easy2Mine on November 26, 2017, 06:00:30 PM

It's very interesting that it's not worth as much as $ 10. They keep the price under pressure.

If the longtail works... and Bancor will be widely adopted (and this is key!) - The sky is basically the limit.

True that. But isn't it weird that the many partnerships don't really affect the price? The price still seems to be pegged to Ether (60 - 70%). Given the fact that some project have already bought BNT to keep as a reserve, this is weird.

I think,it is because of big fishes,who are still filling their bags.

Shahrul09

sr. member

Activity: 504

Merit: 251

New token relay Enjin is in the bancor web app
https://app.bancor.network/discover

Dvd1989

sr. member

Activity: 616

Merit: 252

Quote from: infested999 on November 27, 2017, 04:31:30 PM

Quote from: Easy2Mine on November 26, 2017, 06:00:30 PM

It's very interesting that it's not worth as much as $ 10. They keep the price under pressure.

If the longtail works... and Bancor will be widely adopted (and this is key!) - The sky is basically the limit.

True that. But isn't it weird that the many partnerships don't really affect the price? The price still seems to be pegged to Ether (60 - 70%). Given the fact that some project have already bought BNT to keep as a reserve, this is weird.

bribed

full member

Activity: 238

Merit: 100

Quote from: sud on November 27, 2017, 04:25:25 PM

Quote from: bribed on November 27, 2017, 01:43:57 PM

Definitely mate! Thats a good observation. Hopefully this will be the case with every smart token on the Bancor network. As I said, people just need to realize the benefits that Bancors liquidity mechanism brings to the space and they will start to adapt it. Also great to hear that we can now integrate our wallets to the platform, great work Bancor!

Yeah, more & more new people coming to crypto lured by ICOs and after investment they want to sell their tokens. Making new account and getting verified on exchanges is too difficult for many of them, so platform like Bancor is the ideal solution. As the user interface is getting easier to use and more new tokens are showing up on network, I'm sure adaptation will speed up which means more volume and more users. Next year will be amazing for Bancor and whole crypto space. Cool

Thats true, but one has to keep in mind that Bancor will be only crypto to crypto if Im not mistaken. If those that invest in ICO's later want to cash out their tokens into fiat, they still have to use a centralized exchanges. Hopefully there will be new ways implemented how people can do that in the future. Maybe Bancor can even integrate something alike in the coming years. I totally agree with you, 2018 will be a great year for crypto as a whole and especially for Bancor!

infested999

hero member

Activity: 854

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Quote from: Easy2Mine on November 26, 2017, 06:00:30 PM

It's very interesting that it's not worth as much as $ 10. They keep the price under pressure.

If the longtail works... and Bancor will be widely adopted (and this is key!) - The sky is basically the limit.

sud

sr. member

Activity: 826

Merit: 301

Quote from: bribed on November 27, 2017, 01:43:57 PM

Definitely mate! Thats a good observation. Hopefully this will be the case with every smart token on the Bancor network. As I said, people just need to realize the benefits that Bancors liquidity mechanism brings to the space and they will start to adapt it. Also great to hear that we can now integrate our wallets to the platform, great work Bancor!

Yeah, more & more new people coming to crypto lured by ICOs and after investment they want to sell their tokens. Making new account and getting verified on exchanges is too difficult for many of them, so platform like Bancor is the ideal solution. As the user interface is getting easier to use and more new tokens are showing up on network, I'm sure adaptation will speed up which means more volume and more users. Next year will be amazing for Bancor and whole crypto space. Cool

Topic: [ANN] Bancor | Protocol for Smart-tokens, solving the liquidity problem - page 224. (Read 375744 times)