[ANN] Bancor | Protocol for Smart-tokens, solving the liquidity problem - page 418.

Razaberry

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Quote from: tricass on June 06, 2017, 08:15:38 AM

Having read through https://blog.bancor.network/bancor-network-token-bnt-contribution-token-creation-terms-48cc85a63812 it looks like you are adjusting down the CRR from 20% to 10%. What will you do with the unallocated 10% ETH?

Well we always made it clear that that 20% was just a stand-in figure. We hadn't decided on what exactly to make the CRR until now.

As for the funds, you can see all the allocation here: https://blog.bancor.network/bancor-network-token-bnt-contribution-token-creation-terms-48cc85a63812

Razaberry

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Quote from: pigheadbig on June 06, 2017, 07:40:42 AM

I read the whitepaper and searched the website, this project seems to be promising, but I didn't find any official details of this ICO, even the date of this ICO remains unknown.

ICO date is June 12 at 10:00 GMT https://twitter.com/BancorNetwork/status/871110487295107078

Bancorholder

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If bancor is reading this: Just make it no cap for 15 minutes. Otherwise many will pull out.

Razaberry

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Quote from: romanekras on June 06, 2017, 03:51:03 AM

Bancor ICO Starting from June 10th- The Participation Terms.
The Bancor Protocol Crowdsale by Bprotocol Foundation, a Swiss non-profit organization, has been announced to start by June 10. The ICO has already started to gain attention since Bancor protocol is a standard for a new generation of the cryptocurrencies called the Smart Tokens. With this protocol, the Bprotocol foundation aims to establish a global standard for the intrinsically tradeable currencies. Being a contributor in this protocol through the upcoming ICO, users will be generating BNT, the first smart token to be used using the Bancor protocol, founding a Bancor network.
The smart tokens provide the mechanism for auto price discovery and continuous liquidity. These tokens enable any investor to instantly buy or liquidate tokens in exchange for any of its reserve tokens, directly via smart token’s contract, at a continuously gauged price & as per the formula that balances buying and selling volumes. More

Not June 10. June 12.

Kazadar

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Quote from: BWH1984 on June 06, 2017, 10:04:19 AM

Quote

All other ethereum tokens are at an ETH loss since crowdsale (most at double-digit % ETH loss). For the people saying "just invest your fiat": you would have been better off storing your $ on the ethereum chain in the form of ETH in all other cases besides these 6 profitable tokens.

This is not surprising considering ETH returned >3000% YTD.

We could also call ETH down double digits compared to Stratis. So you would have been better off storing your ETH money in Stratis.

Just because ETH is up a lot doesnt mean that the rest is bad. Being up 10-20 times is usually considered pretty good for any investment even if others are up even more.

Razaberry

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Quote from: Bought1.5MilXVG@60sat on June 05, 2017, 07:25:06 PM

Quote from: SockPuppetAccount on June 05, 2017, 07:20:43 PM

don't know what you guys want here. If you can devise an ICO method that keeps the marketcap reasonable, while at the same time preventing a small group from cornering the market on day one, let's hear it. All I see is bitching and moaning.

Use the pre-ICO with BTC-suisse to let the small fish and everyone else who doesn't want to gamble get in. There, you can mostly cap the investment per customer (ID verification).
The ones who want to invest whale-amounts or think they can make it and want to avoid the fee/identification can try their luck in the "open" ICO with a reasonable cap.

Most people don't want to have to register ID & pay fees to middle men to invest in crypto. That's a huge part of the point of crypto.

Bancorholder

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I emailed Bitcoin Suisse to refund me all my ETH. I'm sure bancor can foot the bill for this.

TheMilkman

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Even Aragon decided to work with Bancor's main competitor (0x) instead of Bancor.

https://blog.aragon.one/aragon-partners-with-0x-3c8d0c9dcd84

Devs, change the ICO terms. It seems that only partnerships Bancor will be having is with those that were given free Bancor tokens.

Shahrul09

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Quote from: sotisoti on June 06, 2017, 08:10:02 AM

How many BNT are there in total?

I think the BAT is unlimited.
there can be unlimited bancor but the price increases with every added bnt... have you grasp the concept?
Read the whitepaper and faq throughly
Because it get created and destroyed according to demand
And when created will increase the value, and when get destroyed descrease the value.
Read the white paper

btcunbranded

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Quote from: MoveCrypto on June 06, 2017, 09:16:40 AM

Biggest ETH address held by a (non-DAO) ethereum token project is Golem's 414k ETH, and they distributed 82% of the GNT supply in crowdsale:
https://etherscan.io/accounts/2

Here are the only ethereum tokens which are at an ETH profit since crowdsale:
BAT: +628% ETH -> 154k ETH cap
GNT: +96% ETH -> 820k ETH cap -> poloniex
GNO: +66% ETH -> 250k ETH cap -> poloniex
DGD: +33% ETH -> 465k ETH cap
SWT: +22% ETH
RLC: +9% ETH -> 174k ETH + 2.7k BTC cap

All other ethereum tokens are at an ETH loss since crowdsale (most at double-digit % ETH loss). For the people saying "just invest your fiat": you would have been better off storing your $ on the ethereum chain in the form of ETH in all other cases besides these 6 profitable tokens.

https://blog.bancor.network/bancor-network-token-bnt-contribution-token-creation-terms-48cc85a63812

1) Will there be a visible, hard security cap in the first hour?

Quote

All founders and team members will have a 3 year vesting schedule with a 6 month cliff.

2) Is there vesting for advisors, early contributors, Long-term Foundation budget (20% of supply), or Community grant/partnerships/bounties (20% of supply) ?

Seems to be the case for many ico's withe the total market cap in crypto,bung some fiat in a few random top 10 or so and watch it grow....

BWH1984

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Activity: 36

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Quote

All other ethereum tokens are at an ETH loss since crowdsale (most at double-digit % ETH loss). For the people saying "just invest your fiat": you would have been better off storing your $ on the ethereum chain in the form of ETH in all other cases besides these 6 profitable tokens.

This is not surprising considering ETH returned >3000% YTD.

I just hope the Bancor team has a reasonable (not too greedy) cap in mind to give early investors an advantage, as should be imo.

snowman8

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So I can't invest with BTC? meh

MoveCrypto

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move that crypto

Biggest ETH address held by a (non-DAO) ethereum token project is Golem's 414k ETH:
https://etherscan.io/accounts/2

Here are the only ethereum tokens which are at an ETH profit since crowdsale:

BAT: +628% ETH -> 154k ETH cap -> 66% sold
GNT: +96% ETH -> 820k ETH cap -> 82% sold -> poloniex
GNO: +66% ETH -> 250k ETH cap -> 4% sold -> poloniex
DGD: +33% ETH -> 465k ETH cap -> 85% sold
SWT: +22% ETH -> cap was not hit -> 84% sold
RLC: +9% ETH -> 174k ETH + 2.7k BTC cap -> 69% sold

All other ethereum tokens are at an ETH loss since crowdsale (most at double-digit % ETH loss). For the people saying "just invest your fiat": you would have been better off storing your $ on the ethereum chain in the form of ETH in all other cases besides these 6 profitable tokens.

https://blog.bancor.network/bancor-network-token-bnt-contribution-token-creation-terms-48cc85a63812

1) Will there be a visible, hard security cap in the first hour?

Quote

All founders and team members will have a 3 year vesting schedule with a 6 month cliff.

2) Is there *vesting* for advisors, early contributors, Long-term Foundation budget (20% of supply), or Community grant/partnerships/bounties (20% of supply) ?

fatma88

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Quote from: xx63245613 on June 04, 2017, 06:08:48 AM

I am waiting for the great ico,any information about the cap and date?

The announced date is the 12th June, next Monday, and I hope they'll be smart enough not to put a cap on it

Burmik123

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Activity: 742

Merit: 257

And we go again.

Quote from: btcunbranded on June 06, 2017, 08:31:13 AM

Quote from: tricass on June 06, 2017, 08:15:38 AM

Having read through https://blog.bancor.network/bancor-network-token-bnt-contribution-token-creation-terms-48cc85a63812 it looks like you are adjusting down the CRR from 20% to 10%. What will you do with the unallocated 10% ETH?

Also, if they feel a need to adjust it at this late hour, what will the effect of it being "After the pilot period the CRR will be immutably set"
will this not be detrimental?

i think that devs have some smart thoughts on this. As for me, their decision about ICO terms are right. But at first it was a little hard for understanding for me.

btcunbranded

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Activity: 126

Merit: 10

Quote from: tricass on June 06, 2017, 08:15:38 AM

Having read through https://blog.bancor.network/bancor-network-token-bnt-contribution-token-creation-terms-48cc85a63812 it looks like you are adjusting down the CRR from 20% to 10%. What will you do with the unallocated 10% ETH?

Also, if they feel a need to adjust it at this late hour, what will the effect of it being "After the pilot period the CRR will be immutably set"
will this not be detrimental?

tricass

sr. member

Activity: 394

Merit: 250

Crypto enthusiast

Having read through https://blog.bancor.network/bancor-network-token-bnt-contribution-token-creation-terms-48cc85a63812 it looks like you are adjusting down the CRR from 20% to 10%. What will you do with the unallocated 10% ETH?

sotisoti

hero member

Activity: 762

Merit: 500

How many BNT are there in total?

tricass

sr. member

Activity: 394

Merit: 250

Crypto enthusiast

Quote from: Razaberry on June 06, 2017, 05:51:15 AM

Quote from: sud on June 05, 2017, 08:59:28 AM

Quote from: 2012 on June 05, 2017, 08:55:05 AM

Quote from: sud on June 05, 2017, 08:51:43 AM

Quote from: rgornik on June 05, 2017, 08:47:36 AM

Quote from: whale123 on June 05, 2017, 08:19:22 AM

This just out. Bancor to use WINGS for their crowdfunding.

https://news.bitcoin.com/bancor-launches-first-crowdfunding-valuation-and-promotion-by-a-dao-on-the-wings-platform/?utm_source=OneSignal%20Push&utm_medium=notification&utm_campaign=Push%20Notifications

Thanks for link. Anyone know how the ICO works on WINGS platform? Can we use WINGS tokens or ETH only?

No we can't use Wings to buy this token only ETH will be accepted for this. Wings will facilitate to host this ICO on their platform so everything looking into great direction.

I don't know much about WINGS platform. Does it have any advantages for investors? I just really don't want to see 35 sec sold out like in BAT again. :C

The BNT sale has a 1 hour minimum time! So no running out too fast with this one

https://blog.bancor.network/bancor-network-token-bnt-contribution-token-creation-terms-48cc85a63812

If there is a hidden cap please supply a signed message that captures this information ahead of the the ICO and release to the community. Once the the ICO is over you can release the original message for verification. This should help build trust in the community of your intentions.

PaulEngelbertink

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Quote from: dollabillzbro on June 05, 2017, 03:57:55 PM

Quote from: PaulEngelbertink on June 05, 2017, 03:48:30 PM

Anyone did the pre sale?

I did.... I couldn't really see if all attachments were uploaded correct. It was superfast, normally uploading some attachments takes time, or the browser already pre uploaded it when I hit send on the end of the form..

i will do it tomorrow, how long did it take to finish ? (transfer money, get confirmation, etc)

20mins, you need to prepare some documents... But all in allin you are done in minutes!

Topic: [ANN] Bancor | Protocol for Smart-tokens, solving the liquidity problem - page 418. (Read 375825 times)