[ANN] Bancor | Protocol for Smart-tokens, solving the liquidity problem - page 423.

whale123

sr. member

Activity: 406

Merit: 250

Quote from: dishku on June 05, 2017, 11:59:37 AM

Quote from: Shahrul09 on June 05, 2017, 11:20:37 AM

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

It looking confused what is mean by hidden cap I don't understand so anybody can explain about this. Conversion rate sounds nice I hope this ICO will be very huge because it has great hype at the moment.

It means that everyone who sends money during the first hours will get Bancor.
If not enought money is collected during the first hour, the crowdsale will take longer, until specific unknown amount is reached. But let's be honest here, we all know that the hype is real and any limit will be reached immediately. So everyone, whale and small investors, sending ETH during first hour will get Bancor and the presale will not end.

whale123

sr. member

Activity: 406

Merit: 250

It was described in whitepaper, that CRR can be changed by the token creator (unless it is set to permanent). I understand that choice in the initial phase of the project. One thing I do not understand is why it is not possible to invest with other tokens. I respect team's choice, but I think it would be much better if it was possible to invest with other Ethereum tokens too, with each token having it's own basket. Can we change this and accept other tokens too?

fonship

full member

Activity: 893

Merit: 135

Bitcoin is not a currency or asset. Its a MOVEMENT

Quote from: TheMilkman on June 05, 2017, 11:58:18 AM

I have to agree. It's like accepting all the ETH that is sent your way. It is cool to get in but if everyone is getting in and there is no limit, the coin will not give investors profits.

i am also not onboard with no limit for an hour, there has to be some limit and everyone can get fare share we can have max limit per wallet of certain number every 5 minutes

yvv

legendary

Activity: 1344

Merit: 1000

.

So, constant reserve ratio is not really constant in crypto world...

inck

member

Activity: 112

Merit: 10

Quote from: dishku on June 05, 2017, 11:59:37 AM

Quote from: Shahrul09 on June 05, 2017, 11:20:37 AM

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

It looking confused what is mean by hidden cap I don't understand so anybody can explain about this. Conversion rate sounds nice I hope this ICO will be very huge because it has great hype at the moment.

It means that they've set a market cap, but it is not known beforehand. When 80% of the cap is reached, they're going to make the cap public.

Monkey1

hero member

Activity: 868

Merit: 500

Are we going to create such as seed wings . To be only ETH is not a problem . I'm saving up for bancor .

dishku

legendary

Activity: 1918

Merit: 1003

Quote from: Shahrul09 on June 05, 2017, 11:20:37 AM

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

It looking confused what is mean by hidden cap I don't understand so anybody can explain about this. Conversion rate sounds nice I hope this ICO will be very huge because it has great hype at the moment.

TheMilkman

sr. member

Activity: 334

Merit: 250

I have to agree. It's like accepting all the ETH that is sent your way. It is cool to get in but if everyone is getting in and there is no limit, the coin will not give investors profits.

Qiuyue201

sr. member

Activity: 537

Merit: 250

Regarding ICO terms

What? Is this a joke?

Basically, we are getting an ICO that is not capped (technically during the first hour people can send 200 million or 300 million or 500 million USD which they will probably do, and the ICO will continue regardless). Aragon ICO collected 25 million in one minute, BAT even more, so Bancor can collect 900 million without a problem, good for developers and bounty hunters, not so good for investors.

Also initial CRR only 10%? With that amount collected (or any amount collected) you could definitely pick better CRR. Unless you are afraid that people will start dumping immediately. (Remember, that you can give your Bancor token back but for lower price if everyone starts selling and exchage is not required for that).

Also, why are you collecting only ETH? You should collect other ERC20 tokens too. What about collecting Wings tokens, you have partnership with them? And what about Aragon, which is one of the biggest crypto projects? Or any other ERC20 tokens? You are aiming to have token changers without those tokens?

Seriously, this is greed at it's finest. I really liked the project and now I am not cool with those terms. Change your mind and alter those terms:

- create hard cap at 100 million or lower
- accept other tokens (perhaps 10 million USD in various tokens that will sum up to 100 million)
- change the CRR

I think that most of us were expecting capping it high, at 100 million or even higher, but time capping the ICO is same as not capping it at all.

frg7alien

newbie

Activity: 12

Merit: 0

Quote from: Darker45 on June 05, 2017, 11:48:24 AM

OP is too small to be really of significant use. I still have to visit the site and scan the whitepaper for even simple info. Distribution, roadmap should be clearly stated there in op.

How about you refund me my money that I put into your ICO you scamming assholes

coins4meh

full member

Activity: 190

Merit: 100

Is this the same bancor that's linked to the status coin project?

Darker45

legendary

Activity: 2576

Merit: 1860

OP is too small to be really of significant use. I still have to visit the site and scan the whitepaper for even simple info. Distribution, roadmap should be clearly stated there in op.

boobu

newbie

Activity: 4

Merit: 0

"For this reason, we’ve decided to allow a short, “minimum time” — 1 hour — during which all contributions will be accepted regardless of the cap."

At least everyone will have a chance to contribute to the project with low gas levels

omorfi

sr. member

Activity: 728

Merit: 264

Great news that we have an ico date now. I thought that ico run on the bancor.network. But dao wings is good choice also i think.

idontcare

member

Activity: 363

Merit: 10

"Fixed Price: 0.01 ETH per 1 BNT (i.e. 100 BNT per 1 ETH)"

$2.44 per bancor? =)))))

Shahrul09

sr. member

Activity: 504

Merit: 251

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

Orr

newbie

Activity: 27

Merit: 0

Dear community,

We have released the token allocation event details on our blog: https://blog.bancor.network/bancor-network-token-bnt-contribution-token-creation-terms-48cc85a63812
All questions are welcome, but please be patient as we are fielding hundreds of inbound messages per day, preparing for the event itself and continuing to work on the platform full-speed ahead...

The Bancor Team

idontcare

member

Activity: 363

Merit: 10

ICO details! wohoo! The info is here!

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

yvv

legendary

Activity: 1344

Merit: 1000

.

Quote from: killver on June 05, 2017, 10:59:55 AM

Can someone explain to me why new crypto startups need their own token? Why not fund themselves with existing ones?

This way more suckers give them their money.

killver

newbie

Activity: 49

Merit: 0

Can someone explain to me why new crypto startups need their own token? Why not fund themselves with existing ones?

Topic: [ANN] Bancor | Protocol for Smart-tokens, solving the liquidity problem - page 423. (Read 375924 times)