[ANN] Bancor | Protocol for Smart-tokens, solving the liquidity problem - page 367.

Shahrul09

sr. member

Activity: 504

Merit: 251

Quote from: TPonly on June 12, 2017, 12:36:42 PM

So basicaly , if the cap is 100mil $ what do they do with the surplus ?

20% will be allocated to the BNT Ether Reserve, to further improve the liquidity of BNT, which increases stability while reducing conversion costs (price slippage) for all.
80% will be locked for two years in a smart contract that will buy back BNT for 0.01 ETH (the initial price) whenever it is available, according to its calculated price. The purchased BNT will be added to the Foundation’s long-term budget, and after a 2-year period, any remaining ETH will be allocated pro-rata according to the “Use of Proceeds” chart in our Token Creation Terms.

https://blog.bancor.network/the-community-of-the-currency-9770087fde17

Proxik

full member

Activity: 146

Merit: 100

Quote from: moonchaser on June 12, 2017, 12:24:04 PM

Quote from: mafiax617 on June 12, 2017, 12:19:54 PM

somebody needs to add bancor to this list on wikipedia..

it just became the largest crowd fund in history..

should get some good press tonight, tomorrow, later this week.

h t t p s :/ / e n.wikipedia.org/wiki/List_of_highest_funded_crowdfunding_projects

The largest crap. Even their math is not good.
"396.7M BNT FUNDRAISER TOKEN ALLOCATION
396,720 ETH RAISED" Thats what is written on their homepage
At 100 BNT per ETH, 396,720 ETH are 39.672.000 BNT
39.67 Mil, not 396.7M BNT

Yea I saw this too! it should be 39.67 Mil coins...not 396.7 Mil...wtf

Weider

full member

Activity: 247

Merit: 100

Blockchain will change the world.

Guys you should calm down here. To much anger... Undecided

jlspartz

full member

Activity: 205

Merit: 100

I believe Bancor crashed BTC. I had a short position so it works for me, but I didn't expect this much.

TPonly

newbie

Activity: 15

Merit: 0

So basicaly , if the cap is 100mil $ what do they do with the surplus ?

blakeh

full member

Activity: 228

Merit: 100

Quote from: Sephir8th on June 12, 2017, 12:32:31 PM

Weired that the value just dropped:

https://etherscan.io/address/0x5894110995b8c8401bd38262ba0c8ee41d4e4658

No. Ethereum price dropped.

idsyours

newbie

Activity: 22

Merit: 0

Quote from: Sephir8th on June 12, 2017, 12:32:31 PM

Weired that the value just dropped:

https://etherscan.io/address/0x5894110995b8c8401bd38262ba0c8ee41d4e4658

That's because ETH price just comes crashing down.

Shahrul09

sr. member

Activity: 504

Merit: 251

Quote from: Ni Ow on June 12, 2017, 12:24:34 PM

What you guys thinks about this ?
https://www.reddit.com/r/ethereum/comments/6gszuw/bancor_can_create_bnt_anytime_they_want_for_no/

--

Bancor can create BNT anytime they want for no cost

function issue(address _to, uint256 _amount)
   public
   ownerOnly
   validAddress(_to)
   notThis(_to)
{
   totalSupply = safeAdd(totalSupply, _amount);
   balanceOf[_to] = safeAdd(balanceOf[_to], _amount);

   Issuance(_amount);
   Transfer(this, _to, _amount);
}
https://etherscan.io/address/0x1f573d6fb3f13d689ff844b4ce37794d79a7ff1c#code

BNT owner is ico contract https://etherscan.io/address/0xbbc79794599b19274850492394004087cbf89710

ico contract owner is bancor https://etherscan.io/address/0x51a3ac2399c89ffa893b0f627c740c05193875a6

Lol that the concept.
Bnt is unlimited, it can be created when ppl want to buy, hence increase it price
Destroyed when liquidate, hence decrease the price.

Read the fcking whitepaper

duke944

sr. member

Activity: 546

Merit: 253

Quote from: jacafbiz on June 12, 2017, 12:31:21 PM

I think the DDOS attack is a bless in disguise for BANCOR, I don't think they would have raised this much in one hour, what an irony

The extra 150m collected is going to give a buy wall from hell for whales who want to dump it below ico price and scare little fish off so they can pump it later. This will be a very interesting coin to watch that's for sure. I see only one direction, that is up.

sammys

hero member

Activity: 1111

Merit: 525

CryptoTalk.Org - Get Paid for every Post!

I've done this meme and it's happen: D

moonchaser

sr. member

Activity: 442

Merit: 250

Quote from: duke944 on June 12, 2017, 12:29:15 PM

Quote from: moonchaser on June 12, 2017, 12:25:28 PM

Quote from: duke944 on June 12, 2017, 12:22:14 PM

Quote from: moonchaser on June 12, 2017, 12:18:59 PM

Quote from: duke944 on June 12, 2017, 12:14:41 PM

Quote from: victory1 on June 12, 2017, 12:10:07 PM

The founders and pre-investors literally became paper muti-millionaires with just an idea.

That's your take. Mine is that bancor just gave ethereum a huge push (like it needed it).
Time will tell.

Just a bunch of fucking idiots. The NO Cap went from 1 hour to 3 hours, and they locked the slack, in the middle of the Ico.
Cunts!

Then dump your bnt if you bought it for your .01 eth. If you didn't buy any wtf do you care?

I bought, you idiot! That doesn t mean, that they are not CRAP.
Are you a cheerleader, or what the fuck ?

Calm down, dump it at your first opportunity and get your eth back, and move on. Crying like little bitch isn't going to do anything but get yourself more upset because nobody gives a shit about your ranting.

I am not ranting, you little fuck. I was describing the Ico facts, until you showed up.
So piss off. It s a forum to discuss things, you moron.

Sephir8th

newbie

Activity: 39

Merit: 0

Weired that the value just dropped:

https://etherscan.io/address/0x5894110995b8c8401bd38262ba0c8ee41d4e4658

Shahrul09

sr. member

Activity: 504

Merit: 251

Quote from: toknormal on June 12, 2017, 12:09:49 PM

Quote from: duke944 on June 12, 2017, 12:00:43 PM

For anyone fudding this project, you don't understand it. For one, it is virtually impossible for the price to sink below buy in of .01 ethereum. So stick a sock in it.

Sorry. But it's you who doesn't appear to understand regular equity structures. You've handed over $148 million for a piece of blue-sky hopium. Under a normal ICO practice you'd still have a stake in that $148 million which would be effectively 'backing' your meta tokens. Under blockchain cross-your-fingers practice you've got nothing. (Which is why these ICO's would be illegal under regular circumstances and probably soon will be even in 'hopium' environments).

They have a working product.
And you really didnt understand the concept let alone read the WP?

jacafbiz

hero member

Activity: 2128

Merit: 530

PredX - AI-Powered Prediction Market

I think the DDOS attack is a bless in disguise for BANCOR, I don't think they would have raised this much in one hour, what an irony

duke944

sr. member

Activity: 546

Merit: 253

Quote from: moonchaser on June 12, 2017, 12:25:28 PM

Quote from: duke944 on June 12, 2017, 12:22:14 PM

Quote from: moonchaser on June 12, 2017, 12:18:59 PM

Quote from: duke944 on June 12, 2017, 12:14:41 PM

Quote from: victory1 on June 12, 2017, 12:10:07 PM

The founders and pre-investors literally became paper muti-millionaires with just an idea.

That's your take. Mine is that bancor just gave ethereum a huge push (like it needed it).
Time will tell.

Just a bunch of fucking idiots. The NO Cap went from 1 hour to 3 hours, and they locked the slack, in the middle of the Ico.
Cunts!

Then dump your bnt if you bought it for your .01 eth. If you didn't buy any wtf do you care?

I bought, you idiot! That doesn t mean, that they are not CRAP.
Are you a cheerleader, or what the fuck ?

Calm down, dump it at your first opportunity and get your eth back, and move on. Crying like little bitch isn't going to do anything but get yourself more upset because nobody gives a shit about your ranting.

bitcircle

legendary

Activity: 1540

Merit: 1002

Quote from: Bancorholder on June 12, 2017, 12:08:54 PM

anyone who went through Bitcoin Suisse receive their BNT?

All participants will receive their BNT for sure who invest through that site. This is biggest ICO it is nice to make it on right time my transaction got confirmed into 1st hour there. I believe this will be more big when it will any exchange.

moonchaser

sr. member

Activity: 442

Merit: 250

Quote from: duke944 on June 12, 2017, 12:22:14 PM

Quote from: moonchaser on June 12, 2017, 12:18:59 PM

Quote from: duke944 on June 12, 2017, 12:14:41 PM

Quote from: victory1 on June 12, 2017, 12:10:07 PM

The founders and pre-investors literally became paper muti-millionaires with just an idea.

That's your take. Mine is that bancor just gave ethereum a huge push (like it needed it).
Time will tell.

Just a bunch of fucking idiots. The NO Cap went from 1 hour to 3 hours, and they locked the slack, in the middle of the Ico.
Cunts!

Then dump your bnt if you bought it for your .01 eth. If you didn't buy any wtf do you care?

I bought, you idiot! That doesn t mean, that they are not CRAP.
Are you a cheerleader, or what the fuck ?

Ni Ow

newbie

Activity: 16

Merit: 0

What you guys thinks about this ?
https://www.reddit.com/r/ethereum/comments/6gszuw/bancor_can_create_bnt_anytime_they_want_for_no/

--

Bancor can create BNT anytime they want for no cost

function issue(address _to, uint256 _amount)
   public
   ownerOnly
   validAddress(_to)
   notThis(_to)
{
   totalSupply = safeAdd(totalSupply, _amount);
   balanceOf[_to] = safeAdd(balanceOf[_to], _amount);

   Issuance(_amount);
   Transfer(this, _to, _amount);
}
https://etherscan.io/address/0x1f573d6fb3f13d689ff844b4ce37794d79a7ff1c#code

BNT owner is ico contract https://etherscan.io/address/0xbbc79794599b19274850492394004087cbf89710

ico contract owner is bancor https://etherscan.io/address/0x51a3ac2399c89ffa893b0f627c740c05193875a6

moonchaser

sr. member

Activity: 442

Merit: 250

Quote from: mafiax617 on June 12, 2017, 12:19:54 PM

somebody needs to add bancor to this list on wikipedia..

it just became the largest crowd fund in history..

should get some good press tonight, tomorrow, later this week.

h t t p s :/ / e n.wikipedia.org/wiki/List_of_highest_funded_crowdfunding_projects

The largest crap. Even their math is not good.
"396.7M BNT FUNDRAISER TOKEN ALLOCATION
396,720 ETH RAISED" Thats what is written on their homepage
At 100 BNT per ETH, 396,720 ETH are 39.672.000 BNT
39.67 Mil, not 396.7M BNT

easyrimka

sr. member

Activity: 518

Merit: 261

it will be sent back to you .. in the normal way , i hope for you

Topic: [ANN] Bancor | Protocol for Smart-tokens, solving the liquidity problem - page 367. (Read 375825 times)