AMA - on RedditLINKSum up: Bitcoin Suisse is a pre token sale option for those who wish to come in with Fiat, require help transfering their crypto or want the peace of mind knowing that their participation is pre ordered. During the token sale, it will work like many standard token sales and you will be able to send your crypto to the contract
We are fans of ICONOMI and we hope to collaborate with them. Bancor is different in that it provides a standard for building your own index funds which you hold directly with the smart token. Initially on the Ethereum blockchain but eventually across blockchains.
Our past companies had 50 million and 10 million active users respectively. Our mission is to bring cryptocurrencies to 100's of millions of consumers and help democratize credit creation. We have been working on Bancor with 7 developers and a battle tested team for approx 18 months. In that time, we’ve built the infrastructure we need to address some of the toughest challenges in the mass market adoption of cryptocurrencies. You can get a sense of the platform with our bounty program (bounty.bancor.network), we will try to release a full alpha with user-generated currency bots on a private testnet in the next few days and our development roadmap (including recent accomplishments) is now available:
LINKWe can't share specifics just yet, but we are currently integrating credit card payment processing solutions to make the process of getting into the space the simplest it can be from an end user perspective. In the end, our passion is in the creation of consumer end-user Internet applications that connect between technology and culture. We intend to apply the best practices we learned building internet scale startups in the past to our work today on Bancor.
Bancor will be available on every smart-contract blockchain platform with enough traction. It’s somehow similar to a consideration of building iPhone vs. Android versions native apps - it’s important to be available where the users (existing and potential) are.
As long as assets from one blockchain can be moved and represented on another blockchain -- then Bancor can work between them.
1. You can take the smart token code (available on our website) and create smart tokens. We will provide a simple to use user interface to do it at app.bancor.network (not available now, but preview will be available soon) 2. we will cover the initial smart token creation transaction fee as it is all quite experimental at this point. I don’t have the exact gas cost for each type right now, but i’ll look into that and get back to you.
Our goal is democratize credit creation and unlock the long tail of user generated currencies. We believe this can bring a paradigm shift in money creation and help end poverty :wink: to not sound to unreasonable and wishful. We also believe that an asynchronous autonomous exchange will be extremely competitive and offer an alternative to all the exchanges currently out there (including the new decentralized protocols)
The token will be released after the token sale however it will be a few more weeks until we release the Bancor protocol functionality and it will become intrinsically tradeable. This is a new breed of smart contracts and we've taken the time to secure three independent audits. 2 from heads of security at Ethereum Foundation and one from the entire smart contract team at Consensys