[ANN] Bancor | Protocol for Smart-tokens, solving the liquidity problem - page 327.

Shahrul09

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Quote from: 5thangel on June 22, 2017, 01:01:37 AM

Totally agree with you, but it is going to be plenty people who's jumping on exchanges first to dump their little x2-x3 ... profit and jump to another ico.

Its okay then arbitrage will bring till equilibrium the price between smart contract and exchanges.

Dumping in exchanges just them passing the token to other people.
If they liquidate through smart contract, that gonna destroyed the token, thus bring the number in circulation down and value down too.

5thangel

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Quote from: Shahrul09 on June 22, 2017, 12:50:03 AM

Quote from: Revelations86 on June 22, 2017, 12:43:10 AM

Quote from: D3m0nKinGx on June 22, 2017, 12:37:50 AM

Quote from: Dvd1989 on June 22, 2017, 12:36:15 AM

Quote from: chichidori on June 22, 2017, 12:33:01 AM

This is gonna be hard for the normal investors, what i mean is people who are not so inclined using MEW, i suggest don`t try to mingle with your token if your not sure on what you do, wait for the web app that is much easier as stated on the blog.

I'm in for the long haul, so no need to figure out how it works at the moment ;-)

Instructions aren't too bad, just have to practice your copy/paste skills Cheesy

I hope this succeeds, but honestly, I passed on this because of this specific reason. How do they expect to gain greater adoption if you you have to jump through 50 hoops to execute a trade? People just want to put in a price and click buy or sell. Why the overcomplication?

You should read

'As always, we welcome all community feedback on the process and these instructions and will constantly strive to improve them for ease of use. In the future, you’ll be able to use our simple web app and wallet to buy and sell BNT, and other smart tokens, in a friendly and secure environment."

https://blog.bancor.network/how-to-trade-your-bnt-on-myetherwallet-bd91ebd78c9d

Other alternatives people can just trade in exchanges.
But buying through smart contract help alot by increasing the value.

Though the steps are a bit involved initially, it will simplify over time with apps. Early adopters have an edge. Just consider how incredible it is to be able to buy and sell (eventually any token) through a smart contract!

Totally agree with you, but it is going to be plenty people who's jumping on exchanges first to dump their little x2-x3 ... profit and jump to another ico.

Shahrul09

sr. member

Activity: 504

Merit: 251

Quote from: Revelations86 on June 22, 2017, 12:43:10 AM

Quote from: D3m0nKinGx on June 22, 2017, 12:37:50 AM

Quote from: Dvd1989 on June 22, 2017, 12:36:15 AM

Quote from: chichidori on June 22, 2017, 12:33:01 AM

This is gonna be hard for the normal investors, what i mean is people who are not so inclined using MEW, i suggest don`t try to mingle with your token if your not sure on what you do, wait for the web app that is much easier as stated on the blog.

I'm in for the long haul, so no need to figure out how it works at the moment ;-)

Instructions aren't too bad, just have to practice your copy/paste skills Cheesy

I hope this succeeds, but honestly, I passed on this because of this specific reason. How do they expect to gain greater adoption if you you have to jump through 50 hoops to execute a trade? People just want to put in a price and click buy or sell. Why the overcomplication?

You should read

'As always, we welcome all community feedback on the process and these instructions and will constantly strive to improve them for ease of use. In the future, you’ll be able to use our simple web app and wallet to buy and sell BNT, and other smart tokens, in a friendly and secure environment."

https://blog.bancor.network/how-to-trade-your-bnt-on-myetherwallet-bd91ebd78c9d

Other alternatives people can just trade in exchanges.
But buying through smart contract help alot by increasing the value.

Though the steps are a bit involved initially, it will simplify over time with apps. Early adopters have an edge. Just consider how incredible it is to be able to buy and sell (eventually any token) through a smart contract!

inck

member

Activity: 112

Merit: 10

Quote from: Revelations86 on June 22, 2017, 12:43:10 AM

Quote from: D3m0nKinGx on June 22, 2017, 12:37:50 AM

Quote from: Dvd1989 on June 22, 2017, 12:36:15 AM

Quote from: chichidori on June 22, 2017, 12:33:01 AM

This is gonna be hard for the normal investors, what i mean is people who are not so inclined using MEW, i suggest don`t try to mingle with your token if your not sure on what you do, wait for the web app that is much easier as stated on the blog.

I'm in for the long haul, so no need to figure out how it works at the moment ;-)

Instructions aren't too bad, just have to practice your copy/paste skills Cheesy

I hope this succeeds, but honestly, I passed on this because of this specific reason. How do they expect to gain greater adoption if you you have to jump through 50 hoops to execute a trade? People just want to put in a price and click buy or sell. Why the overcomplication?

It won't stay that way for long. They're gonna create a web application that makes this process easy to use. See https://app.demo.bancor.network/discover for a demo.

Revelations86

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Activity: 428

Merit: 252

Quote from: D3m0nKinGx on June 22, 2017, 12:37:50 AM

Quote from: Dvd1989 on June 22, 2017, 12:36:15 AM

Quote from: chichidori on June 22, 2017, 12:33:01 AM

This is gonna be hard for the normal investors, what i mean is people who are not so inclined using MEW, i suggest don`t try to mingle with your token if your not sure on what you do, wait for the web app that is much easier as stated on the blog.

I'm in for the long haul, so no need to figure out how it works at the moment ;-)

Instructions aren't too bad, just have to practice your copy/paste skills Cheesy

I hope this succeeds, but honestly, I passed on this because of this specific reason. How do they expect to gain greater adoption if you you have to jump through 50 hoops to execute a trade? People just want to put in a price and click buy or sell. Why the overcomplication?

D3m0nKinGx

hero member

Activity: 1638

Merit: 507

The snake which cannot cast its skin has to die

Quote from: Dvd1989 on June 22, 2017, 12:36:15 AM

Quote from: chichidori on June 22, 2017, 12:33:01 AM

This is gonna be hard for the normal investors, what i mean is people who are not so inclined using MEW, i suggest don`t try to mingle with your token if your not sure on what you do, wait for the web app that is much easier as stated on the blog.

I'm in for the long haul, so no need to figure out how it works at the moment ;-)

Instructions aren't too bad, just have to practice your copy/paste skills Cheesy

Dvd1989

sr. member

Activity: 616

Merit: 252

Quote from: chichidori on June 22, 2017, 12:33:01 AM

This is gonna be hard for the normal investors, what i mean is people who are not so inclined using MEW, i suggest don`t try to mingle with your token if your not sure on what you do, wait for the web app that is much easier as stated on the blog.

I'm in for the long haul, so no need to figure out how it works at the moment ;-)

chichidori

legendary

Activity: 1694

Merit: 1003

This is gonna be hard for the normal investors, what i mean is people who are not so inclined using MEW, i suggest don`t try to mingle with your token if your not sure on what you do, wait for the web app that is much easier as stated on the blog.

Shahrul09

sr. member

Activity: 504

Merit: 251

Quote from: meemiinii on June 21, 2017, 10:42:51 PM

Quote from: joele on June 21, 2017, 10:19:13 PM

Quote from: Gaman on June 21, 2017, 07:52:46 PM

Excited to see bancor listed tomorrow. I am going to buy some bancor. Hopefully, it won't be more expensive than 0.02 eth

Maybe in a few weeks once the hype subside.

hello mates, may i know at where exchange that bancor will be available?
im planning to buy if there's any. because im late in participating the ico.

Official Bancor Buy/Sell Guide

Now that the Bancor Network Token (BNT) smart contract is live, any user at any time may buy/sell BNT directly through the BNT smart contract. The community is encouraged to remain vigilant against those looking to take advantage of this event for scamming users out of ETH/BNT. This blog and the Bancor.Network website are the only authoritative sources for information pertaining to Bancor and BNT. Read more on the Activation of the BNT Smart Token here: https://blog.bancor.network/bancor-network-token-bnt-activation-e1766b62a73d

Pre-Requisite

Before you start, please locate the following and make sure you have them available for the next steps of the process.

- BNT token contract address (will be revealed)
- EtherToken contract address (will be revealed)
- BancorChanger contract address (will be revealed)
- EtherToken contract ABI
- BancorChanger contract ABI

Please note that all images use demo details. Do not try to use the addresses indicated in the images. Any other addresses provided should be regarded as scams and should be reported to us here and emailed to [email protected] with subject: “Scam Alert”.

How to buy / sell / transfer BNT:

1. Directly through the BNT smart token: (address will be on site, in blog)
2. Using Parity: https://blog.bancor.network/how-to-trade-your-bnt-using-parity-6061dca37354
3. Using My Ether Wallet: https://blog.bancor.network/how-to-trade-your-bnt-on-myetherwallet-bd91ebd78c9d

The Bancor Protocol
Bancor Network Token (BNT) Activation
The Bancor Network Token activation event is planned for Thursday, June 22 at 2pm GMT.

Shahrul09

sr. member

Activity: 504

Merit: 251

Quote from: revelacaogr on June 21, 2017, 04:44:28 PM

worth read

Bancor Unchained: All Your Token Are Belong To Us

https://medium.com/unchained-reports/bancor-unchained-all-your-token-are-belong-to-us-d6bb00871e86

https://blog.bancor.network/bancor-network-token-bnt-activation-e1766b62a73d

> As we detailed in the recent Learning from TheDAO post, our plan is to activate the BNT pilot carefully and gradually while keeping the minimum required amount of ETH in the contract at first. We may need to temporarily turn-off the Bancor protocol (i.e. direct smart contract trading) during the pilot period if technical or other unforeseen concerns dictate it. We will announce all developments in our channels. **This is part of our strategy to centralize some aspects of the software development until such time as both the Bancor protocol and the Ethereum blockchain are ready for smart tokens to be immutably locked and thrive on their own**

rz20

legendary

Activity: 1330

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Quote from: daniweb on June 21, 2017, 11:05:30 PM

Somebody Heard- about Token Card ?
Is it a Produkt of bancor or has it a relationship with bancor ?

I heard about that project, it raised money real quick but as far as i know i don't think they have any relationship with bancor. Sorry if am wrong

daniweb

sr. member

Activity: 448

Merit: 250

Somebody Heard- about Token Card ?
Is it a Produkt of bancor or has it a relationship with bancor ?

meemiinii

sr. member

Activity: 504

Merit: 250

Quote from: joele on June 21, 2017, 10:19:13 PM

Quote from: Gaman on June 21, 2017, 07:52:46 PM

Excited to see bancor listed tomorrow. I am going to buy some bancor. Hopefully, it won't be more expensive than 0.02 eth

Maybe in a few weeks once the hype subside.

hello mates, may i know at where exchange that bancor will be available?
im planning to buy if there's any. because im late in participating the ico.

ruletheworld

legendary

Activity: 1386

Merit: 1045

Quote from: revelacaogr on June 21, 2017, 04:44:28 PM

worth read

Bancor Unchained: All Your Token Are Belong To Us

https://medium.com/unchained-reports/bancor-unchained-all-your-token-are-belong-to-us-d6bb00871e86

This is a very difficult problem. On the one hand, of course you want everything decentralized and out of the founding team's hands. On the other, if shit hits the fan, you're looking to the founding/dev team to fix things. I can see it being a tough spot for the team. But more communication on this matter would definitely be appreciated - what's the longer term plan for removing these controls, etc.

joele

legendary

Activity: 1022

Merit: 1000

Quote from: Gaman on June 21, 2017, 07:52:46 PM

Excited to see bancor listed tomorrow. I am going to buy some bancor. Hopefully, it won't be more expensive than 0.02 eth

Maybe in a few weeks once the hype subside.

Gaman

full member

Activity: 284

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Excited to see bancor listed tomorrow. I am going to buy some bancor. Hopefully, it won't be more expensive than 0.02 eth

revelacaogr

legendary

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2009 Alea iacta est

worth read

Bancor Unchained: All Your Token Are Belong To Us

https://medium.com/unchained-reports/bancor-unchained-all-your-token-are-belong-to-us-d6bb00871e86

n00b3rt

sr. member

Activity: 559

Merit: 250

Failed to get in through the ICO, I sure hope the prices on exchanges tomorrow are reasonable.

If not, at least I got some TaaS (which is around 10% Bancor)