Topic: [ANN] Bancor | Protocol for Smart-tokens, solving the liquidity problem - page 396. (Read 375744 times)

There is a reason to rush because most people think the 350 million USD will be gathered within the first hour.

this ICO doesn't have any bonuses but has massive cap... why rush? this ICO will last 14 days.

and for every token you buy, they will create 1 for them self:) NICE greedy shit

You just need to send ETH from a wallet that you control, i.e. you're in possession of the private keys. Something like MEW works. Don't send from any exchanges, because you don't hold the private keys to the wallet.

BNT is an ERC20 token, which will add your address in the list of addresses if you send during the right window, based on the execution of the token sale smart contract. So you really don't need to do anything else. Your address will automatically get the appropriate amount of BNT.

It is very unlikely that if you send a couple of bucks worth of ether, you'll be able to own a yatch in the following months.

I have never participated in something like this. How does this exactly work? I would just send them the eth and then what? How do I receive what I've paid for? I'll probably give this a try with a few euros to learn how something like this works, not sure yet if I should do a more important investment, specially being a noob, but I would like to know the basics because even if it's just a small amount I would rather not lose it. XD

Would they automatically send me the BNTs to my MEW account or do I need to do something else besides sending the eth to their address or what? Sorry if I'm making the dumbest questions on this site's history, I repeat that I'm just trying to learn how these things work.  

If I send a couple of bucks worth of ether, will I own a yatch in the following months?

So is the start actually just based on the time, or is there a starting block number?

June 12, 14:00 GMT

Why do you think they moved back the ICO time? To suck more money from Americans

Anything over 125-150 million in ICO funding is just pure greed. Lets hope they don't exceed that as the maximum.

https://medium.com/@csmorris/understanding-bancor-51060c5c558a

Worth to read this article about bancor I believe this will be my best investment ever.

Is the ico at 10am or 2pm GMT? Read on here 10 and on the bancor website it says 2pm.

Also have thru advised the address to send to yet?

I read the blog post about Bancor Contracts audit (this one: https://blog.bancor.network/bancor-contracts-audited-and-deployed-54157fcc0a61). Really interesting and it is good to see that security is one of your main concerns.
 

RT.

Would also like to know what to do about gas

if please can answer just a couple questions:

1. Is there a chance that my send in the 1st hour could not get through? Everyone talking about higher gas taxes? so should I send from ether wallet so I can put in higher gas tax? is there a cap?
2. What determines circulating supply of coin?

yes I am reading through this thread and trying to understand, any help greatly appreciated

Someone mentioned gas caps on Bancor ICO, but can someone verify that?
It is possible that this ICO will cause a significant delay for regular ETH transactions just like BAT did, but that's the cost of participating in these ICOs. I suspect with all the scaling solutions in the pipeline for Ethereum, these will be less of a concern moving forward.

Official Bancor recommends 200k gas for your ico transacation. Is there a possibility that this ico "breaks" the ethereum blockchain for that hour and we have to guess at the best gas amount for our transaction to verify? The BAT ico was over in seconds and the max transaction cost that someone paid was 6k usd as Buterin mentioned: http://vitalik.ca/general/2017/06/09/sales.html

https://bancor.network/fundraiser

You can find details about this ICO on official website. There is countdown as well so it will be easy for you to catch on time.

ICO Bancor what time start tomorrow ? I'm very trusting .

This is awesome stuff very informative and easy to understand about whole mechanism how this will work. I'm quite sure this project will be next big thing so it is like a revolution everyone must join this.

Appcoin was our previous company where we focused for 4 years on community currencies after having discovered Bitcoin in 2011 and realizing that user-generated money would change the world. Blockchain wasn't mature enough at the time, though we tried to support Master Coin and Colored Coins in order to achieve our objective of allowing any community to easily create a coin. We built lots of software at Appcoin. including front end marketplaces and currency governor dashboards, and piloted with dozens of communities which thrived for a time. Over time, however, we discovered the liquidity problem was limiting custom currencies, which would eventually lead us to develop the reserve mechanism, on Ethereum, at Bancor.
 
Some of Appcoin’s many pilots included:
Lev Market: Largest community currency in Israel, focused on young mothers. Over 40,000+ members
Chalk: Second largest community currency in Israel, focused on middle and high school kids and operated by the National Student Assoisiation. Over 20,000+ members
CampusCoin: A pilot at UC Berkeley, CA
Group Market, a collection of many micro communities to create a ‘feed’ of complementary currencies (still online in Israel)
 
Overall, we achieved nearly 1m transactions in complementary currency by ‘regular’ people buying actual products and services, not merely converting money for money.
You can check the product at (its in hebrew!) : https://group.market/gpmtil
Article about CampusCoin : http://www.dailycal.org/2014/09/14/campuscoin-brings-another-cashless-alternative-campus/

AT least they should say why they gave it up or say anything but this silence is just a joke. If this was not in the crypto community, people would laugh on it and not invest a dime unless things are cleared up but here we see no reply at all, not for the dev questions and nothing for the hard cap question..I feel like.. "guys... are you for real ?"

https://media.giphy.com/media/jWexOOlYe241y/giphy.gif