price at bittrex is kinda slow moving. i was expecting the usual big dump, then big pump again before a slow decline downwards. i wanted to daytrade since i missed this ICO although the price did not multiply the investments like usual.
Lol this is not the pump and moon token.
They have the smart contract to balance the price quickly.
You comment caught my attention as I was reading this thread in preparation for the possibility of investing in this token by purchasing it at Bittrex, but the part you said "They have the smart contract to balance the price quickly." completely threw me off in my plans to buy and I need clarification how the value of this token are to increase in the future. I, just like a plethora of people here, invests in ICO's with the expectancy and hope that one day the value of the token can appreciate to give us a meaningful ROI. Now I am not looking for a 10x increase in a week or in a month, but also I am expecting the free market to dictate the value of the token at any given time. The only way I can see where a smart contract can balance out the price quickly if it ever goes up in value is if there is some reserve extra tokens not under circulation that all of the sudden gets launched to the market so that there could be more coins in circulation as to dilute the price divided by the total market capitalization invested value, such as what Tether do in order to ensure that their tokens are always valued as closed to $1 as possible. So with all that said, if there is a system in place similar to Tether to "balance the price quickly" shall there be a sudden rush in purchasing, what criteria is use to finally let the free market rise up the value of each token where the investors can finally begin to see a Return On Investment?
EDIT: In the other hand, if the price is balanced out in order to maintain an arbitrary fixed value per token regardless how the marketcap grows in overall $$$ invested value then this could make this token as a great store of value to hedge when bitcoin and most altcoins goes down in value to protect investors in value not going down dollar wise when the market "dries up" allowing to "buy back" later on at the same dollar value you existed at regardless how low BTC "crashed"
I said that it was not a pump and dump token (right after ico) and its hard for whale to manipulate this token in exchanges because the smart contract price wont change based on speculation, its reflect the total supply price. Arbitrage will slowly increase and balance the price between this two.
Its hard to suddenly pump this token without anything.
The price will slowly increasing, when the product is out, where people need to buy BNT and use them as a reserve in the smart token/ token changer etc.
This is when the total supply of token will increase thus increasing the value too.
Read the FAQ for more info.
https://www.bancor.network/faq/bancor-network-token