I've joined the social media bounty, not seeing any tokens though.
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Topic: [ANN] Bancor | Protocol for Smart-tokens, solving the liquidity problem - page 450. (Read 375671 times)
May 22, 2017, 09:57:13 AM
You need to send to social media weekly reports discussion every week after you register. After review token will be credited to you.
May 22, 2017, 07:23:01 AM
I am seriously considering investing in Bancor, but I have this nagging question in my head that hasn't been answered yet:
How is Bancor's token any different than any other token? Are the following statements accurate:
1. You buy it with another ERC20 token. Now you have Bancor token.
2. You sell Bancor, use it or hodl.
3. Bancor's price goes up or down based on the buy and sell ratio of Bancor.
Bancor presumably answers the liquidity issue, but what makes Bancor liquid? Isn't it the same as what makes any token liquid, buys and sells?
Not fudding at all, I want to invest! Please help me understand.
How is Bancor's token any different than any other token? Are the following statements accurate:
1. You buy it with another ERC20 token. Now you have Bancor token.
2. You sell Bancor, use it or hodl.
3. Bancor's price goes up or down based on the buy and sell ratio of Bancor.
Bancor presumably answers the liquidity issue, but what makes Bancor liquid? Isn't it the same as what makes any token liquid, buys and sells?
Not fudding at all, I want to invest! Please help me understand.
So the BANCOR token will be the first of the smart tokens. What makes it liquid is the exact same thing that makes every other smart token liquid: namely that when you are buying/selling smart tokens to the smart tokens' contract, the contract itself is the entity that is selling/buying.
Up until Bancor, the only way to sell is if you can find a buyer who wants to buy what you're selling at the price you're selling it. With the Bancor protocol, the smart tokens' contract is always available to buy from and sell to.
But is it actually buying my token or am I just trading my token for a Bancor token? Bancor tokens will have to be liquid themselves in order for me to buy/sell them. I'm having a problem identifying the difference unless I'm stuck with a token that has absolutely no liquidity itself in which case how does it help Bancor's token? I'm not seeing how this is any better than trading on an exchange and choosing any token/coin I want.
They will hold the reserve in ETH to make us able to buy or sell bancor. It does not need to be listed on any exchange for this.
I'm not sure I understand the difference between buying a token with another token and trading a token for another token. If you were to buy BANCOR from the smart contract, you would send your ETH to the smart contract (which would be added to its reserve) and the smart contract would mint new BANCOR tokens (at the price it calculated at time of trade) and send them to you.
Like I said, Bancor tokens are liquid the same way every other smart token is liquid. The smart tokens' contract is the thing you are trading with (as opposed to exchanges where you have to be matched with another party to make a trade). That is why it is always liquid.
The biggest reason that Bancor is better than exchanges is that EVERY conceivable currency in the world, even small ones like community currencies and loyalty points and in-game currencies, will be fully liquid. Exchanges only make currencies with high trading volumes liquid. With Bancor, the long-tail of currencies can be created (alike to how youtube enabled the long tail of videos, how Instagram enabled the long tail of photography, etc.).
There's also the fact that trading on Bancor will be cheaper than on exchanges (no/low fees), that you can create smart tokens that serve as token baskets (kind of like ETFs), and that it is decentralized and therefore cannot be DDoS'd or otherwise easily attacked.
I can see some advantages to that (which is why I'm interested in the first place). However, I don't see this as an alternative to exchanges. If I trade one token for another on an exchange I now have the new token. If I trade one token for Bancor I now have Bancor Tokens. I don't own the tokens inside Bancor outright. I have an ETF basically as you say. An ETF Token, which, is cool and maybe that's really all it is when all is said and done and all the fancy math is complete
Right
May 22, 2017, 07:02:34 AM
I've joined the social media bounty, not seeing any tokens though.
May 22, 2017, 06:27:26 AM
Just make the ICO capped at rational levels, thx!
I'd like to join the request but instead of capping it money-wise, capping it time-wise. I was unsuccessful in investing in some of the recent ICOs because they closed so quickly and i'd like to be able to invest in Bancor. It looks like a very serious project and I don' want to miss the opportunity as i'm certain it is going to trade-up immediately after the ICO. If you put a time-cap it will help you to attract the OPEX you need to bring it to market and at the same time it will allow us to support and leverage our crypto-investments. I bought ETH at 12, not a long time ago, and i'm ready to move some of it to others - Bancor is one of them. Please make it available to as many people as possible and for as long as possible!
I agree! It is a very reasonable request and it will help newcomers like me also.
May 22, 2017, 06:24:19 AM
Just make the ICO capped at rational levels, thx!
I'd like to join the request but instead of capping it money-wise, capping it time-wise. I was unsuccessful in investing in some of the recent ICOs because they closed so quickly and i'd like to be able to invest in Bancor. It looks like a very serious project and I don' want to miss the opportunity as i'm certain it is going to trade-up immediately after the ICO. If you put a time-cap it will help you to attract the OPEX you need to bring it to market and at the same time it will allow us to support and leverage our crypto-investments. I bought ETH at 12, not a long time ago, and i'm ready to move some of it to others - Bancor is one of them. Please make it available to as many people as possible and for as long as possible!
May 22, 2017, 06:19:20 AM
I've joined social media and translation. Looking forward to write a good blog.
and what translation can u do? as i saw, all translation had been reserved already. May 22, 2017, 05:22:10 AM
I've joined social media and translation. Looking forward to write a good blog.
May 22, 2017, 02:05:26 AM
I am so anxious about the ICO, I don't stop checking the forum, twitter, telegram, slack...
And how this help you?
May 22, 2017, 01:28:46 AM
I am so anxious about the ICO, I don't stop checking the forum, twitter, telegram, slack...
May 22, 2017, 01:09:11 AM
May I ask how long could it be from ICO to getting listed on exchange? I know there's no rule to that, but what would be the approx. time, on average?
Thats totally up to exchanges. Though its worth noting that BANCOR tokens will always be tradable for ETH via the Bancor smart tokens' contract.
May 21, 2017, 10:26:33 PM
May I ask how long could it be from ICO to getting listed on exchange? I know there's no rule to that, but what would be the approx. time, on average?
May 21, 2017, 08:57:38 PM
Hoping I get some Tokens this week
If you've done all the bounty assignments and report it on bounty site you'll get some tokens
May 21, 2017, 06:23:03 PM
Only 9 days to ICO and we still know so little about it. Will it be daleyed?
The ICO date has been postponed but the new date is not official, waiting for the new date. I hope the structure of the ICO is made public, I want to make plans for this ICO.
Do you think we will be able to fund directly from exchange directly in ethereum
May 21, 2017, 05:41:24 PM
Only 9 days to ICO and we still know so little about it. Will it be daleyed?
The ICO date has been postponed but the new date is not official, waiting for the new date. I hope the structure of the ICO is made public, I want to make plans for this ICO.
Same need to move some funds around..
May 21, 2017, 03:48:56 PM
Only 9 days to ICO and we still know so little about it. Will it be daleyed?
The ICO date has been postponed but the new date is not official, waiting for the new date. I hope the structure of the ICO is made public, I want to make plans for this ICO.
May 21, 2017, 02:51:44 PM
Hoping I get some Tokens this week
May 21, 2017, 02:28:25 PM
What are the differents between BNCZUK and BNCHDL token?
This are tokens from bancor bounty. BNCHDL is for bittalk signature program. 
May 21, 2017, 10:15:05 AM
What are the differents between BNCZUK and BNCHDL token?
one token is a bounty for extended media advocacy while the other is just a bitcointalk bounty token 
May 21, 2017, 10:04:21 AM
I think since it was canceled ico tezos most of the funds will go into this project, I would like to have time to participate in this ico there will be a panic for the purchase of bancor
AFAIK Tezos was not cancled but rather postponed. But yes, I agree with you. Although there are some other great ICOs in that competition
May 21, 2017, 09:05:41 AM
Only 9 days to ICO and we still know so little about it. Will it be daleyed?
they mentioned a possible delay, im guessing they will talk to us soon about it since its so closeJump to: