[ANN] Bancor | Protocol for Smart-tokens, solving the liquidity problem - page 398.

BWH1984

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Quote from: Shahrul09 on June 11, 2017, 09:20:37 AM

Quote from: AmarO on June 11, 2017, 09:06:08 AM

Quote from: Alfred Hard on June 11, 2017, 09:03:34 AM

Quote from: Lankster on June 11, 2017, 07:56:48 AM

FOMO at its finest. I was going to throw most of my liquidity into this project but now I'm toning it back.

And you told me that you expected to earn a x10 or a x20 of the money you were going to invest... XD

I was really hyped for this when I initially read about it, but after reading so many people talking about how dangerous could be to invest on this... Idk, the people behind Bancor have explained how they expect to have some control over the potential devaluation after the ICO, but it doesn't look like they have convinced everybody and this is coming tomorrow, not sure if there is time to explain a little bit better how this could be a potentially good investment/project.

I'll keep an eye in tomorrow's ICO and will check what everybody says here, I'm really curious to see if this will be a succes or a total disaster.

Dev team has no skin in the game, as in you'd like to see devs have more coins and less ETH funds. They're taking more ETH funds but keeping less coin, not a good look imo.

They only get 10% and other for development stuff. You expect the devs to work for free?
Diff ico have diff model. You cant expect this ico gonna be same like others.

And how your fud thread going on?

And that 10% is BNT. What ETH are you talking about, Amar0?

BWH1984

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Activity: 36

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Quote from: Lankster on June 11, 2017, 07:56:48 AM

Quote from: pwpwpw on June 11, 2017, 06:40:27 AM

Quote from: shewasfourteen on June 11, 2017, 03:01:28 AM

Quote from: Qiuyue201 on June 11, 2017, 02:25:30 AM

No matter how bad the terms are, people will buy into this anyway.

Ya that how it goes. As long as u will do money with that.....people will invest in this ico. Every ICO Project this years started with x2 and more on the exchange. Noone will sell his coins less then ico price. You will do always some money with legit/good ico projects

Quote from: pwpwpw on June 10, 2017, 01:14:49 PM

Quote from: kalpit on June 10, 2017, 10:51:01 AM

Quote from: pwpwpw on June 10, 2017, 10:26:36 AM

I was too lazy to check out the team until now but as I see, nobody cares here, so here's my question about the developer team. I hope some people will read this.

Yehuda Levi - CTO - CoFounder Appcoin, 3years 9mo. When you go to Appcoins, it has no detail at all, not even a website, what did he do for almost 4 years ?
Mati Levi - QA Engineer - 3 years at Appcoin. Same thing, what did he do ?
Omry Rosenfeld - Frondend developer 1year 5mo, same question.
Assaf Rachman - Full stack developer at Appcoin. same question
Or Bachar - Web developer at Marketspulse for 2years 1mo. Here's the site. http://www.marketspulse.com/ It does not even have a single link in it. Could have been a bare picture with text. This was his work for 2 years ?
Itay Dreyfus - UX/UI Designer for 5months at Appcoin but he links group.market app.

These are the devs. Now I'm really curious what did they do at appcoin, all I could find was https://bitcointalksearch.org/topic/app-appcoin-the-digital-currency-for-digital-products-client-update-475160 It's a scamcoin from 2014 and https://www.appcoin.me/ UX/UI DESIGNER open position, no links.

Yes Appcoin seems to be scam/ project suspended. But Itay left that company. In most of the cases the UI/UX ,Developers dont even know if they are working for a scam project.
But involvment of Yehuda as CTO is strange.

I have no idea why nobody cares about the dev team.. I wanted to invest like 20-30 eth in this but there are just too many unanswered questions that makes the whole thing fishy. People's logic is something like this : every ICO will at least 2x and noody sells under ICO so let's invest. But they only see the winning ICOs, the majority fails. Now this will be bought in 1hour I'm sure of that so it might make profit anyway and that is pretty dangerous in the long run, it teaches people to lose their common sense/logic and throw money at everything new..(this is kinda happening all year with ICOs)

FOMO at its finest. I was going to throw most of my liquidity into this project but now I'm toning it back.

Is there any proof of appcoin being a scam other than some forum speculating about it? Looks like it was simply an unsuccessful project. They are even open about it in at least one interview, saying "many of the appcoin team now works on Bancor". Having a failed project is not necessarily a bad thing, can be good, as long as they learned from it.

Shahrul09

sr. member

Activity: 504

Merit: 251

Quote from: AmarO on June 11, 2017, 09:06:08 AM

Quote from: Alfred Hard on June 11, 2017, 09:03:34 AM

Quote from: Lankster on June 11, 2017, 07:56:48 AM

FOMO at its finest. I was going to throw most of my liquidity into this project but now I'm toning it back.

And you told me that you expected to earn a x10 or a x20 of the money you were going to invest... XD

I was really hyped for this when I initially read about it, but after reading so many people talking about how dangerous could be to invest on this... Idk, the people behind Bancor have explained how they expect to have some control over the potential devaluation after the ICO, but it doesn't look like they have convinced everybody and this is coming tomorrow, not sure if there is time to explain a little bit better how this could be a potentially good investment/project.

I'll keep an eye in tomorrow's ICO and will check what everybody says here, I'm really curious to see if this will be a succes or a total disaster.

Dev team has no skin in the game, as in you'd like to see devs have more coins and less ETH funds. They're taking more ETH funds but keeping less coin, not a good look imo.

They only get 10% and other for development stuff. You expect the devs to work for free?
Diff ico have diff model. You cant expect this ico gonna be same like others.

And how your fud thread going on?

Shahrul09

sr. member

Activity: 504

Merit: 251

Quote from: 520Bit on June 11, 2017, 08:14:32 AM

Quote from: BWH1984 on June 11, 2017, 04:33:18 AM

An interesting read for most people in this thread: Vitalik Buterin's objective analysis on token sale models in general. (Not specifically about the Bancor ICO, but mentioned several times as an example)

http://vitalik.ca/general/2017/06/09/sales.html

Yes. I think below statement is very important for Bancor fundraiser.

Bancor, which recently agreed (https://blog.bancor.network/the-community-of-the-currency-9770087fde17) to put all funds raised over a cap into a market maker which will maintain price stability along with maintaining a price floor of 0.01 ETH. These funds cannot be removed from the market maker for two years.

Which means if you decide to invest Bancor, you agree that you will hold it for a long term investment.

You totally got it wrong buddy, try to read and digest it properly. Nobody investment gonna get locked up.

whatsTheDeal

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Activity: 103

Merit: 10

Quote from: AmarO on June 11, 2017, 09:06:08 AM

Quote from: Alfred Hard on June 11, 2017, 09:03:34 AM

Quote from: Lankster on June 11, 2017, 07:56:48 AM

FOMO at its finest. I was going to throw most of my liquidity into this project but now I'm toning it back.

And you told me that you expected to earn a x10 or a x20 of the money you were going to invest... XD

I was really hyped for this when I initially read about it, but after reading so many people talking about how dangerous could be to invest on this... Idk, the people behind Bancor have explained how they expect to have some control over the potential devaluation after the ICO, but it doesn't look like they have convinced everybody and this is coming tomorrow, not sure if there is time to explain a little bit better how this could be a potentially good investment/project.

I'll keep an eye in tomorrow's ICO and will check what everybody says here, I'm really curious to see if this will be a succes or a total disaster.

Dev team has no skin in the game, as in you'd like to see devs have more coins and less ETH funds. They're taking more ETH funds but keeping less coin, not a good look imo.

the devs dont get any ETH from what i saw? they get 10% of BNT but all the ETH goes to the foundation for various stuff they showed a pie chart

AmarO

member

Activity: 84

Merit: 11

Quote from: Alfred Hard on June 11, 2017, 09:03:34 AM

Quote from: Lankster on June 11, 2017, 07:56:48 AM

FOMO at its finest. I was going to throw most of my liquidity into this project but now I'm toning it back.

And you told me that you expected to earn a x10 or a x20 of the money you were going to invest... XD

I was really hyped for this when I initially read about it, but after reading so many people talking about how dangerous could be to invest on this... Idk, the people behind Bancor have explained how they expect to have some control over the potential devaluation after the ICO, but it doesn't look like they have convinced everybody and this is coming tomorrow, not sure if there is time to explain a little bit better how this could be a potentially good investment/project.

I'll keep an eye in tomorrow's ICO and will check what everybody says here, I'm really curious to see if this will be a succes or a total disaster.

Dev team has no skin in the game, as in you'd like to see devs have more coins and less ETH funds. They're taking more ETH funds but keeping less coin, not a good look imo.

Alfred Hard

newbie

Activity: 28

Merit: 0

Quote from: Lankster on June 11, 2017, 07:56:48 AM

FOMO at its finest. I was going to throw most of my liquidity into this project but now I'm toning it back.

And you told me that you expected to earn a x10 or a x20 of the money you were going to invest... XD

I was really hyped for this when I initially read about it, but after reading so many people talking about how dangerous could be to invest on this... Idk, the people behind Bancor have explained how they expect to have some control over the potential devaluation after the ICO, but it doesn't look like they have convinced everybody and this is coming tomorrow, not sure if there is time to explain a little bit better how this could be a potentially good investment/project.

I'll keep an eye in tomorrow's ICO and will check what everybody says here, I'm really curious to see if this will be a succes or a total disaster.

AlteregoX

full member

Activity: 244

Merit: 100

What is the difference between bancor and NVO?

BWH1984

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Activity: 36

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Quote from: 520Bit on June 11, 2017, 08:14:32 AM

Quote from: BWH1984 on June 11, 2017, 04:33:18 AM

An interesting read for most people in this thread: Vitalik Buterin's objective analysis on token sale models in general. (Not specifically about the Bancor ICO, but mentioned several times as an example)

http://vitalik.ca/general/2017/06/09/sales.html

Yes. I think below statement is very important for Bancor fundraiser.

Bancor, which recently agreed (https://blog.bancor.network/the-community-of-the-currency-9770087fde17) to put all funds raised over a cap into a market maker which will maintain price stability along with maintaining a price floor of 0.01 ETH. These funds cannot be removed from the market maker for two years.

Which means if you decide to invest Bancor, you agree that you will hold it for a long term investment.

That is not what it means, your BNT will be liquid and tradable. The raised ETH capital that will be collected in the minimum hour which exceed the hidden cap is distributed as follows:
- 20% will be allocated to the BNT Ether Reserve.
- 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.

They wrote a separate article on this on their blog: https://blog.bancor.network/the-community-of-the-currency-9770087fde17

burner2015

full member

Activity: 238

Merit: 100

Co founder & CMO SocialX

Quote from: 520Bit on June 11, 2017, 08:14:32 AM

Quote from: BWH1984 on June 11, 2017, 04:33:18 AM

An interesting read for most people in this thread: Vitalik Buterin's objective analysis on token sale models in general. (Not specifically about the Bancor ICO, but mentioned several times as an example)

http://vitalik.ca/general/2017/06/09/sales.html

Yes. I think below statement is very important for Bancor fundraiser.

Bancor, which recently agreed (https://blog.bancor.network/the-community-of-the-currency-9770087fde17) to put all funds raised over a cap into a market maker which will maintain price stability along with maintaining a price floor of 0.01 ETH. These funds cannot be removed from the market maker for two years.

Which means if you decide to invest Bancor, you agree that you will hold it for a long term investment.

Pls explain what I understand is only the coins over the CAP?

zerofive

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Activity: 29

Merit: 0

not understand how it works

The Goat Master

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Activity: 868

Merit: 502

Quote from: BWH1984 on June 11, 2017, 04:33:18 AM

An interesting read for most people in this thread: Vitalik Buterin's objective analysis on token sale models in general. (Not specifically about the Bancor ICO, but mentioned several times as an example)

http://vitalik.ca/general/2017/06/09/sales.html

Than you I missed that.
Vtalik tweet a lot last ICOs but this blog post was needed Wink

520Bit

sr. member

Activity: 602

Merit: 252

Quote from: BWH1984 on June 11, 2017, 04:33:18 AM

An interesting read for most people in this thread: Vitalik Buterin's objective analysis on token sale models in general. (Not specifically about the Bancor ICO, but mentioned several times as an example)

http://vitalik.ca/general/2017/06/09/sales.html

Yes. I think below statement is very important for Bancor fundraiser.

Bancor, which recently agreed (https://blog.bancor.network/the-community-of-the-currency-9770087fde17) to put all funds raised over a cap into a market maker which will maintain price stability along with maintaining a price floor of 0.01 ETH. These funds cannot be removed from the market maker for two years.

Which means if you decide to invest Bancor, you agree that you will hold it for a long term investment.

Lankster

newbie

Activity: 42

Merit: 0

Quote from: pwpwpw on June 11, 2017, 06:40:27 AM

Quote from: shewasfourteen on June 11, 2017, 03:01:28 AM

Quote from: Qiuyue201 on June 11, 2017, 02:25:30 AM

No matter how bad the terms are, people will buy into this anyway.

Ya that how it goes. As long as u will do money with that.....people will invest in this ico. Every ICO Project this years started with x2 and more on the exchange. Noone will sell his coins less then ico price. You will do always some money with legit/good ico projects

Quote from: pwpwpw on June 10, 2017, 01:14:49 PM

Quote from: kalpit on June 10, 2017, 10:51:01 AM

Quote from: pwpwpw on June 10, 2017, 10:26:36 AM

I was too lazy to check out the team until now but as I see, nobody cares here, so here's my question about the developer team. I hope some people will read this.

Yehuda Levi - CTO - CoFounder Appcoin, 3years 9mo. When you go to Appcoins, it has no detail at all, not even a website, what did he do for almost 4 years ?
Mati Levi - QA Engineer - 3 years at Appcoin. Same thing, what did he do ?
Omry Rosenfeld - Frondend developer 1year 5mo, same question.
Assaf Rachman - Full stack developer at Appcoin. same question
Or Bachar - Web developer at Marketspulse for 2years 1mo. Here's the site. http://www.marketspulse.com/ It does not even have a single link in it. Could have been a bare picture with text. This was his work for 2 years ?
Itay Dreyfus - UX/UI Designer for 5months at Appcoin but he links group.market app.

These are the devs. Now I'm really curious what did they do at appcoin, all I could find was https://bitcointalksearch.org/topic/app-appcoin-the-digital-currency-for-digital-products-client-update-475160 It's a scamcoin from 2014 and https://www.appcoin.me/ UX/UI DESIGNER open position, no links.

Yes Appcoin seems to be scam/ project suspended. But Itay left that company. In most of the cases the UI/UX ,Developers dont even know if they are working for a scam project.
But involvment of Yehuda as CTO is strange.

I have no idea why nobody cares about the dev team.. I wanted to invest like 20-30 eth in this but there are just too many unanswered questions that makes the whole thing fishy. People's logic is something like this : every ICO will at least 2x and noody sells under ICO so let's invest. But they only see the winning ICOs, the majority fails. Now this will be bought in 1hour I'm sure of that so it might make profit anyway and that is pretty dangerous in the long run, it teaches people to lose their common sense/logic and throw money at everything new..(this is kinda happening all year with ICOs)

FOMO at its finest. I was going to throw most of my liquidity into this project but now I'm toning it back.

pwpwpw

hero member

Activity: 908

Merit: 503

Quote from: shewasfourteen on June 11, 2017, 03:01:28 AM

Quote from: Qiuyue201 on June 11, 2017, 02:25:30 AM

No matter how bad the terms are, people will buy into this anyway.

Ya that how it goes. As long as u will do money with that.....people will invest in this ico. Every ICO Project this years started with x2 and more on the exchange. Noone will sell his coins less then ico price. You will do always some money with legit/good ico projects

Quote from: pwpwpw on June 10, 2017, 01:14:49 PM

Quote from: kalpit on June 10, 2017, 10:51:01 AM

Quote from: pwpwpw on June 10, 2017, 10:26:36 AM

I was too lazy to check out the team until now but as I see, nobody cares here, so here's my question about the developer team. I hope some people will read this.

Yehuda Levi - CTO - CoFounder Appcoin, 3years 9mo. When you go to Appcoins, it has no detail at all, not even a website, what did he do for almost 4 years ?
Mati Levi - QA Engineer - 3 years at Appcoin. Same thing, what did he do ?
Omry Rosenfeld - Frondend developer 1year 5mo, same question.
Assaf Rachman - Full stack developer at Appcoin. same question
Or Bachar - Web developer at Marketspulse for 2years 1mo. Here's the site. http://www.marketspulse.com/ It does not even have a single link in it. Could have been a bare picture with text. This was his work for 2 years ?
Itay Dreyfus - UX/UI Designer for 5months at Appcoin but he links group.market app.

These are the devs. Now I'm really curious what did they do at appcoin, all I could find was https://bitcointalksearch.org/topic/app-appcoin-the-digital-currency-for-digital-products-client-update-475160 It's a scamcoin from 2014 and https://www.appcoin.me/ UX/UI DESIGNER open position, no links.

Yes Appcoin seems to be scam/ project suspended. But Itay left that company. In most of the cases the UI/UX ,Developers dont even know if they are working for a scam project.
But involvment of Yehuda as CTO is strange.

I have no idea why nobody cares about the dev team.. I wanted to invest like 20-30 eth in this but there are just too many unanswered questions that makes the whole thing fishy. People's logic is something like this : every ICO will at least 2x and noody sells under ICO so let's invest. But they only see the winning ICOs, the majority fails. Now this will be bought in 1hour I'm sure of that so it might make profit anyway and that is pretty dangerous in the long run, it teaches people to lose their common sense/logic and throw money at everything new..(this is kinda happening all year with ICOs)

Alfred Hard

newbie

Activity: 28

Merit: 0

Quote from: Shahrul09 on June 11, 2017, 05:59:44 AM

GUY BEWARE SCAM WEBSITE
http://bancor.technology/fundraiser

DONT PLACE YOUR FUND IN THIS WEBSITE.
THAT NOT AN OFFICIAL WEBSITE

https://www.reddit.com/r/Bancor/comments/6gk6tt/i_got_scammed_20_eth_do_not_give_money_to_this/

Spread it!

Poor guy.

There is no way to report something like this to the authorities from, idk, anywhere? The interpol or something like that? Something like this has to be persecuted by justice somehow and that website should be shut down asap.

Odeoke

sr. member

Activity: 952

Merit: 251

Quote from: Shahrul09 on June 11, 2017, 05:59:44 AM

GUY BEWARE SCAM WEBSITE
http://bancor.technology/fundraiser

DONT PLACE YOUR FUND IN THIS WEBSITE.
THAT NOT AN OFFICIAL WEBSITE

https://www.reddit.com/r/Bancor/comments/6gk6tt/i_got_scammed_20_eth_do_not_give_money_to_this/

Spread it!

Thanks a lot for sharing this with us this would be very helpful for all community.

Shahrul09

sr. member

Activity: 504

Merit: 251

GUY BEWARE SCAM WEBSITE
http://bancor.technology/fundraiser

DONT PLACE YOUR FUND IN THIS WEBSITE.
THAT NOT AN OFFICIAL WEBSITE

https://www.reddit.com/r/Bancor/comments/6gk6tt/i_got_scammed_20_eth_do_not_give_money_to_this/

Spread it!

stefanoste

full member

Activity: 141

Merit: 100

Quote from: Qiuyue201 on June 11, 2017, 03:49:18 AM

Quote from: BWH1984 on June 11, 2017, 03:34:54 AM

Quote from: Qiuyue201 on June 11, 2017, 01:29:25 AM

Quote from: Zechis966 on June 11, 2017, 12:42:36 AM

It's too late and I literally JUST found this thread so have mercy with this question, how do we know the cap again? I thought it was hidden but everyone keeps saying 300 cap with 750 or something.

It is right there in the contract code hard coded as 1 million ETH, which equals 350 million USD, which equals 700 million market cap.

Everyone is talking about the first hour hard cap (extremely high because the first hour is supposed to be "unlimited")... which should be (and hopefully is) completely different from the hidden cap and very unlikely to be reached or even approached within the first hour.

That's because we all know the 350 million USD will be hit anyway.
But for your information, the soft one is definitely no lower than 62,5 million, because from that tier of money collected Wings holders will be getting 250 000 USD worth of ETH and Bancor tokens, so no point in stating this if 62,5 million would be below that, so we know for sure it is higher than that. I think that it might be somewhere around 100 million but that is irrelevant since much more will be collected anyway.

Summary:
350 000 000 USD hard cap (50% tokens being sold)
700 000 000 USD market cap after launch
soft cap no less than 62 500 000 USD.

Sources: hard cap can be found in official Bancor contract that is deployed and linked on their blog, market cap is simply multiplying it by two, soft cap estimation is from official Wings blog stated by Bancor devs.

1 Eth is now around 350usd and probably will remain the same 330-360 by the ico time , so 1eth still 100BNT ?? even if Eth raise more than 100usd since you publish the whitepaper ,you should consider to adjust a bit

BWH1984

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Activity: 36

Merit: 0

An interesting read for most people in this thread: Vitalik Buterin's objective analysis on token sale models in general. (Not specifically about the Bancor ICO, but mentioned several times as an example)

http://vitalik.ca/general/2017/06/09/sales.html

Topic: [ANN] Bancor | Protocol for Smart-tokens, solving the liquidity problem - page 398. (Read 375744 times)