Topic: [ANN] Bancor | Protocol for Smart-tokens, solving the liquidity problem - page 443. (Read 375825 times)

So the ico will still be 30 May right? Or that date also not a confirm one yet?

Dear community!

It's been a busy day at Bancor with big developments and decisions.

We've decided to delay the announcement of the token launch event details, and maybe the token launch date itself by a few weeks, due to a few main considerations, that we hope you'll find exciting.

1. We have received interest from a few highly relevant advisors, world renowned experts in their fields, to join our team and advisory board in very significant capacities. We want to bring these agreements to conclusion and share them with you in order to complete the picture of the full scope of the project and its guidance counsel.

2. We hear you loud and clear regarding the need for more streamlined and digestible messaging and content to share with you, your networks and the world. We've heard this from all corners of the globe and are in process of creating the relevant materials. We agree that this would be very helpful in making sure as many people as possible understand and appreciate the innovation and opportunity in the Bancor protocol, token and product, and that this is an essential first step before then unpacking the token launch event details.

3. Because the BANCOR token is the Genesis smart token, it operates slightly differently (and with profound implications) than tokens that have launched before. This means we're taking extra time to onboard all the relevant service providers and stake holders to make sure everyone in the process deeply understands the new dynamics and can build the most appropriate structures for contributors and users accordingly. It also means we want to double and triple verify that the structures achieve the desired incentive alignment to ensure the maximum success of the model, including all edge cases, so that Bancor can achieve its goal of creating a sound liquidity solution for years to come. We want to give these processes a few more cycles to complete, and there has been much to learn from over recent weeks.

It is with tremendous respect that we thank you for all your great questions so far, as they've certainly helped us hone in and refine the solution. We hope we can reward you with tokens of our appreciation )

In the meantime we ask for your patience as we announce further updates this week, in regards to the new advisors, detail and launch timelines, and some really solid partnerships that have been in the works. We really can't wait to share.

With love and liquidity,
The Bancor team

Also, while on the topic of Coinbase, if that's where I have my ETH, what should I do to prepare for the Bancor IPO? Should I move it somewhere else or will it be easy to buy into the Bancor from there? I've been out of the crypto game for a while (like I said before) lol.

Also, while on the topic of Coinbase, if that's where I have my ETH, what should I do to prepare for the Bancor IPO? Should I move it somewhere else or will it be easy to buy into the Bancor from there? I've been out of the crypto game for a while (like I said before) lol.

This is actually one pretty cool aspect of Bancor's price discovery algorithm: it makes pump & dump operations a lot less feasible.

See, when you make a trade with a smart token contract, the price is calculated as if you made an infinite amount of very tiny trades. With each tiny trade, the price for the next goes up slightly. So, if you try to pump or dump, the price will rise with the size of your order & you'll wind up paying a price that takes into account the amount you've bought/sold.

Therefore it'll be extremely expensive to attempt to manipulate the price via pump/dump schemes.