Topic: [ANN] Bancor | Protocol for Smart-tokens, solving the liquidity problem - page 278. (Read 375744 times)

This is excellent news. I hope you'll be even more creative this time in your bounty designing, so that you'll establish new best practices also in the crypto bounty sector.

Awesome updates which are mentioned up taken by telegram. It is appreciable effort to share all these discussions which surely is small part of the long discussions. Bancor will be game changer and one of the big influence putting projects on the market in this market of digital currencies and projects. I am good to wait for months to get maximum out of my investment in Bancor.

Keeping your coins at any exchange as cold storing option is not wise at all whether it is Bittrex or any other exchange. Why to let coins there when you are not going to trade with them. You should move them at myetherewallet which gives to access to your private keys to be able to use your funds from anywhere using any compatible wallet later.

Guy @ Bancor in telegram

Finally, let me say that while we of course only want to see the price go up, please understand that the team doesn't day trade, and like any 'public' company we can't be reactive to the 'stock' price on this or that day.

We recognize there was a lot of flippers early on. We also recognize that Bancor is not a trivial concept to communicate.

Our efforts beyond the above are focused on a few things whose fruit isnt picked overnight but requires a few months:

A. Redoing our messaging to more cleaely explain Bancor and the concept of the automated market maker

B. Relaunching Bounty programs: they were wildly successful and gives everyone of our supporters a tangible way to help the efforts. These will launch around the first week of August

C. Growing the team. This is key. We were 15 by the time of the ICO. We have growth target of 40 by end of year and 100 by end of 2018. We will be opening offices in Tokyo and Shanghai in early 2018. All these actions take time... and from experience I can tell you growing a team from 15 to 100 is a very dangerous process. Maintaining the amazing company culture we have today as we scale is critical and this is probably the single biggest risk factor we now face.

Few updates regarding marketing stuff by

Guy @ Bancor in telegram


First let me give you my general philosophy on marketing consumer internet products.

You never saw ads for Facebook, Instagram, Twitter, WhatsApp, etc.

The reason is that all growth for consumer internet apps always comes bottom up.

Everyone that tried to market by force a consumer internet app always failed 100% of the time.

Having said that we can divide our project in to a few verticals:

1) Token changers: once deployed, these should be marketed to the crypto community as its more comparable to a B2B product. It saves you money. Once deployed we will run an aggressive marketing campaign later this Summer.


2)End user long tail: Schedule for end of year. This is where marketing is less effective. Instead, what we will focus on is finding the relevant launch partners and early adopters who will be initiating their local tokens. We will support them with capital and HR resources.

Like blogs, subreddits, etc... The funnel to growth is from regular users experiencing the product themselves and then a percentage of them become superusers. For example, no one woke up in the morning and decided to become a blogger. Instead, they started our reading a blog... And then thought to themselves, "I can do this too", " I have an idea".

Our focus with the long tail is tuning the product to be organically viral.


3) Project Tokens (such as Stox). This isnt really marketing. Its biz dev. And we are doing it aggressively. We currently have over a dozen active discussions with upcoming high profile ICOs. I believe we'll see at least a dozen ICOs using the Smart token standard this year and 100+ next year.

4) High profile wins: We are in discussions with a number of major platforms (with millions of users, in one case tens of millions) to initiate platform level partnerships. This is in a way a combination of #2 and #3 via a 3rd party platform.

5) Index funds: Discussions have started with various financial institutions around launching token baskets. We are focusing on both crypto businesses as well as non crypto mainstream financial entities considering asset tokenization.

It is sad to hear that, in the cryto world. Most of the wallet are encrypted, that means you can not recover your password if you forget it or lost it. The only thing you can do is accepting the fact you have lost your coins. And remember to keep it safe next time.

You need to list down all your possible password and try them one by one.

And

Sorry to say this, but the teams cannot retrieve your password nor they can reset it.
The password is encrypted.

You need to remember it.
They even put a WARNING during password creation

YOU CANNOT RECOVER YOUR PASSWORD! MAKE SURE YOU REMEMBER IT.
 

I forgot the password for my account Bancor protocol I want to change it
answer plz sr

This was not only seen here, Bitcoin recent manipulations are amazing and unexpected for majority, now they see this as last opportunity to exit alts, which is wrong. I'm expecting amazing reversal..I will collect lower as much as i can..
I'm not sure why people suck this but yes, this is how things are working here.

Are you in need of the money? If not, hodl. You could have sold for a long time at 0,01 ETH just a few days ago. And now you're willing to sell beneath ICO price?

It was about 3.60$ per BNT

hard to tell it wasnt measured in USD but in ETH

100 BNT = 0.1 ETH but since Prices vary the only Thing you can stick with is the ration 0.1:100

you could take the Price of ETH dring the date of ICO to know how much 0.1 ETH was worth and then divide it /100 BNT to know how much 1 BNT was worth at the date of ico

I know,mate.This is why I ask him to give some confirmation of his words.
This project can be another Etherum in couple of years.Actualy Bancor solved problem of ICO`s hacking problem.Once people will be able to make ICO`s on Bancor`s platform,there will be no chance for hacker,to change ICO address,like it was with SONM and CIVIC.
Bancor will be also trustful exchange,and people who are selling now,will really regret about it in future.

Bancor Protocol will prove itself in 2018. It is one solution for the world of tomorrow, where any startup will issue a token representing stock or raw material.

Now that I'm too late to sell at the floor price, is it still worth to let my coins on bittrex ? Is bittrex a good option for the value of my coins?

They arent any.
Some guy just like to spurt some  bullshit
That guy should at least put some fact in the arguemnt or else its clearly a fud

Point me please,at text where Bankor`s team said,that it is impossible for price floor to disappear.

It was not the bounty dumpers. The floor has been destroyed by a whale who probably wanted to go fiat before August 1st. Now those BNTs are in the hand of the team.

The price floor was only a portion of the tokens above the cap, not the entire amount.

I think the floor was moved lower than the ratio of 1Eth to 100BNT tokens because of the bounty tokens dumpers because ideally from what the team said it is supposed to be 1Eth = 100BNT tokens