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Topic: [ANN] Bancor | Protocol for Smart-tokens, solving the liquidity problem - page 291. (Read 375825 times)

sr. member
Activity: 504
Merit: 251
Really not sure what Bancor is trying to achieve as there is a common token for all crypto tokens in Ethereum
Not sure?

Because you didnt read the whitepaper?
https://www.bancor.network/static/Bancor_Protocol_Whitepaper_en.pdf
And the FAQ
https://www.bancor.network/faq
legendary
Activity: 1212
Merit: 1037
Some updates about new developments from the Bancor team would be nice. They have been silent for quite a while.
legendary
Activity: 1036
Merit: 1000
Really not sure what Bancor is trying to achieve as there is a common token for all crypto tokens in Ethereum
sr. member
Activity: 1148
Merit: 307
How much was the BNT on ICO. When it hit the exchanges it was at 13.74 USD, right?

Wrong. It was 0.010 Ether. Now BNT is 0.010288 Ether. In USD the price has dropped because Ether's price has dropped and Bancor's price is still linked to Ethereum.
sr. member
Activity: 322
Merit: 250
"Highest ROI crypto infrastructure"
I'm not sure that those bounty hunters are responsible for this situation, and always when people can't explain something they will post accusations. Perfect explanation for this should be - protocol is still not active - nothing more. So stay calm and wait this is only you can do now.

A lot of people are just looking for to blame for the current value of BNT value. I'm sure these are the voices of angry ICO flippers as they haven't made X10 or 2000% yet. If not for the ICO flippers and quick profits guys, Bancor will be lucky enough to raise $10M. Maybe the mentality of ICOs being a quick profit scheme  stop now.

I'm with you. All of a sudden we see SNT Bancor and Tezos all raised over 100+millions. I have people called and asked me how to get in even though they have no clue. These people will get hurt the most because they will not be able to handle 30-40% dip. They will buy high on the hype and sell low on the panic. I'm an investor for Bancor Tezos and SNT but I understand they will be a long term project. Had it not been for these quick flippers we investors will get more value.
hero member
Activity: 2212
Merit: 805
Top Crypto Casino
I'm not sure that those bounty hunters are responsible for this situation, and always when people can't explain something they will post accusations. Perfect explanation for this should be - protocol is still not active - nothing more. So stay calm and wait this is only you can do now.

A lot of people are just looking for to blame for the current value of BNT value. I'm sure these are the voices of angry ICO flippers as they haven't made X10 or 2000% yet. If not for the ICO flippers and quick profits guys, Bancor will be lucky enough to raise $10M. Maybe the mentality of ICOs being a quick profit scheme  stop now.
full member
Activity: 1288
Merit: 102
I'm not sure that those bounty hunters are responsible for this situation, and always when people can't explain something they will post accusations. Perfect explanation for this should be - protocol is still not active - nothing more. So stay calm and wait this is only you can do now.

Maybe this is your first post into this topic that's why you don't know about current situation of this project.
newbie
Activity: 28
Merit: 0
How much was the BNT on ICO. When it hit the exchanges it was at 13.74 USD, right?
sr. member
Activity: 504
Merit: 251
when can i withdraw my bounties?

in the slack they mentioned 12 july
We should be expecting huge dump on 12th of July then. Let's see how far down does Bancor price goes. Wings forecasting participants will get the bounty the same day right?
Even if all the bounty hunter dump their BNT, the price floor contract wont collapse

The price floor contract will retain the price at 0.01 eth.



Bounty hunter wont dump in the price floor contract, they will dump in exchanges for better rate,

Even if they dump in price floor contract its would be just around 5850 eth (585,000 bnt) for all bounty now.

That is so small compare to the 107,000 eth in price floor now.


legendary
Activity: 1288
Merit: 1012
when can i withdraw my bounties?

in the slack they mentioned 12 july
We should be expecting huge dump on 12th of July then. Let's see how far down does Bancor price goes. Wings forecasting participants will get the bounty the same day right?
sr. member
Activity: 322
Merit: 250
"Highest ROI crypto infrastructure"
There is something I do not understand. If you are going to sell at ico price, why invest in the project. Do you enjoy trading in the stock market  Cheesy

I don't understand the logic either. But that's the reason why I scoped up more shares while it cheap.
full member
Activity: 152
Merit: 101


The ether just touched a support line.
If the support resists BNT will go up with ETHER
sr. member
Activity: 616
Merit: 252
There is something I do not understand. If you are going to sell at ico price, why invest in the project. Do you enjoy trading in the stock market  Cheesy

The only people selling at ICO price are those who are tired of waiting for some price bump. Bancor is the only coin whose price never seems to move. Perhaps this was Bancor's goal all along to ensure a nice stable price. But without volatility, I think interest in BNT will wane very quickly. I don't think people in crypto are interested in seeing horizontal lines on the chart.

The buy wall at 0.01ETH has actually done more harm than good. It has provided a safety net for investors but as they say in finance "no risk, no gain" and this is exactly what is happening. By limiting the downside, they have capped the upside as well.
Do you read WhitePaper? Devs told about minimum price from the start - 0.01ETH for 1 BNT. So people for whom this is surprise - Bancor ICO was good lesson. To read about project before taking part in ICO.

Hey I ain't complaining. I read the whitepaper. I am long on Bancor. I'm just saying what's happening and why the price is not going anywhere.

When ETH goes up in value, BNT will follow. ETH is just crazy low last couple of weeks. Especially given the price of ETH was near 400 USD when the ICO was live..
full member
Activity: 308
Merit: 100
There is something I do not understand. If you are going to sell at ico price, why invest in the project. Do you enjoy trading in the stock market  Cheesy

The only people selling at ICO price are those who are tired of waiting for some price bump. Bancor is the only coin whose price never seems to move. Perhaps this was Bancor's goal all along to ensure a nice stable price. But without volatility, I think interest in BNT will wane very quickly. I don't think people in crypto are interested in seeing horizontal lines on the chart.

The buy wall at 0.01ETH has actually done more harm than good. It has provided a safety net for investors but as they say in finance "no risk, no gain" and this is exactly what is happening. By limiting the downside, they have capped the upside as well.
Do you read WhitePaper? Devs told about minimum price from the start - 0.01ETH for 1 BNT. So people for whom this is surprise - Bancor ICO was good lesson. To read about project before taking part in ICO.

Hey I ain't complaining. I read the whitepaper. I am long on Bancor. I'm just saying what's happening and why the price is not going anywhere.
sr. member
Activity: 742
Merit: 257
And we go again.
There is something I do not understand. If you are going to sell at ico price, why invest in the project. Do you enjoy trading in the stock market  Cheesy

The only people selling at ICO price are those who are tired of waiting for some price bump. Bancor is the only coin whose price never seems to move. Perhaps this was Bancor's goal all along to ensure a nice stable price. But without volatility, I think interest in BNT will wane very quickly. I don't think people in crypto are interested in seeing horizontal lines on the chart.

The buy wall at 0.01ETH has actually done more harm than good. It has provided a safety net for investors but as they say in finance "no risk, no gain" and this is exactly what is happening. By limiting the downside, they have capped the upside as well.
Do you read WhitePaper? Devs told about minimum price from the start - 0.01ETH for 1 BNT. So people for whom this is surprise - Bancor ICO was good lesson. To read about project before taking part in ICO.
full member
Activity: 212
Merit: 100
What was the ICO price in terms of dollars?
sr. member
Activity: 476
Merit: 250
I'm not sure that those bounty hunters are responsible for this situation, and always when people can't explain something they will post accusations. Perfect explanation for this should be - protocol is still not active - nothing more. So stay calm and wait this is only you can do now.
sr. member
Activity: 504
Merit: 251
One wise thing that Bancor could do in their next bounty campaign is to reward bounty hunters who didn't dump the BNTs they got in the first bounty campaign. They could reward them either by giving them priority over the new bounties and/or offering bonuses or whatever. This would be not only ethical - to reward those who really believe in the project and thus have really become a part of the Bancor community, if not even part of a sort of enlarged delocalized team, but it would probably also motivate bounty hunters not to dump their coins and to stay on bord for the long term.
Not that I really care of bounty hunters dumping their BNTs, surely somebody will be happy to get them cheap, but anyway I thing that rewarding collaborators who actually believe in the project can only benefit Bancor long term.

Lol the bounty reward itself is super big enough, and now you want the devs to give more to them?

And how the heck they can monitor all bounty hunter token whether they dump or not. And for how long? 1 year? Lol


I would love more if they use the bounty allocation for more useful stuff.
Apps building, bugs bounty, etc.
sr. member
Activity: 1148
Merit: 307
One wise thing that Bancor could do in their next bounty campaign is to reward bounty hunters who didn't dump the BNTs they got in the first bounty campaign. They could reward them either by giving them priority over the new bounties and/or offering bonuses or whatever. This would be not only ethical - to reward those who really believe in the project and thus have really become a part of the Bancor community, if not even part of a sort of enlarged delocalized team, but it would probably also motivate bounty hunters not to dump their coins and to stay on bord for the long term.
Not that I really care of bounty hunters dumping their BNTs, surely somebody will be happy to get them cheap, but anyway I thing that rewarding collaborators who actually believe in the project can only benefit Bancor long term.
sr. member
Activity: 504
Merit: 251
There is something I do not understand. If you are going to sell at ico price, why invest in the project. Do you enjoy trading in the stock market  Cheesy

The only people selling at ICO price are those who are tired of waiting for some price bump. Bancor is the only coin whose price never seems to move. Perhaps this was Bancor's goal all along to ensure a nice stable price. But without volatility, I think interest in BNT will wane very quickly. I don't think people in crypto are interested in seeing horizontal lines on the chart.

The buy wall at 0.01ETH has actually done more harm than good. It has provided a safety net for investors but as they say in finance "no risk, no gain" and this is exactly what is happening. By limiting the downside, they have capped the upside as well.
Its not gonna be horizontal forever,
Its quite impressive that BNT stay strong while the others alts and eth is going red now, despite that bancor still does not have any product yet.

The 'investor' that gonna hate this stability is the quick flipper and pump and dump 'investor'

The real big whale investor in the real world would love to invest in a stable company.
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