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Topic: Beware of BANCOR ICO(One of the biggest shills ever) (Read 8216 times)

member
Activity: 87
Merit: 10
I do not think it is a scam.
Looks legit.
I prepared a visual summary of their business model to figure out for myself if all is smooth in their business model.
Here it is:
https://medium.com/@StorifierCo/what-is-bancor-20fca8652e94
Let me know if it is clear
newbie
Activity: 60
Merit: 0
https://medium.com/@LedByReason/what-could-the-bat-token-sale-have-raised-and-what-can-we-infer-about-the-upcoming-bancor-token-eed6f593d86c

^ great read

I swear it wasn't me who wrote it lol

Guys we cannot support a project like this... They don't even have a legit resume BAT guy as least was the creator of javascript which is no small task also even they only took 30m or as you can see they could have shilled 100s of millions. Bancor ICO makes no sense, there are better ways to set up an ICO vs Whales than this.

The bat guy got me to invest just for a minute until  I did research. If you think he will get away with under cutting google and face book on ad revenue without a lawsuit get real. Its cool he invented java script and fire fox but he is getting way over his head if he thinks he can get away with under cutting these juggaranut franchises. I don't see any value in that bat coin btw. There is no value in it at all. You don't need to tokens to use the ad free web surfer that lags at times... Do those tokens have little to no value and he didn't make those tokens to have value btw just to help the eco system. I don't know much about bancor i was going to invest until I read all your fud. Now I am going to do my own research and i will come back here and give my honest opinion.
newbie
Activity: 98
Merit: 0
Ride the waves.

Learn from dotcom. Scam or not.

It does not matter. All that matters is you jump ship before everybody else.

This is the most accurate statement made on this post.
But if the ship is the Titanic, then it's best not to hop on board in the first place.  Tongue

If you bought a ticket

Then resold that ticket for 3x

Then you won the Titantic pump/dump

It'll be interesting to see where it lands, but I've seen upwards of 400%.
sr. member
Activity: 840
Merit: 250
ICO went skyrocketing... This will be interesting now Smiley
hero member
Activity: 910
Merit: 508
Only 3x ?   Grin so many people got crazy about recent ICOs ...
member
Activity: 114
Merit: 10
Ride the waves.

Learn from dotcom. Scam or not.

It does not matter. All that matters is you jump ship before everybody else.

This is the most accurate statement made on this post.
But if the ship is the Titanic, then it's best not to hop on board in the first place.  Tongue

If you bought a ticket

Then resold that ticket for 3x

Then you won the Titantic pump/dump
sr. member
Activity: 1078
Merit: 354
ICO minimum time has now been extended to 3 hours following attacks on the network...
sr. member
Activity: 294
Merit: 250
They are Jewish.....

So you're saying it will be very successful? Want to be a nobel prize winner, be Jewish. Wish to run Hollywood, be Jewish!
full member
Activity: 197
Merit: 100
Don't think it's a scam but idk if i want to enter Undecided
hero member
Activity: 874
Merit: 1000
The main thing that keeps me interested in Bancor is it lowers the barrier to entry, especially if they get fiat involved (able to purchase ETH or BNT through the platform). Once it's combined with Status people won't have to manage all these different wallets and go to different exchanges and what not. There are a lot of projects out there focused on the enterprise/business side of things, but I feel like this one is more focused on the public/community aspect. Obviously there's money to be made there as well.
newbie
Activity: 28
Merit: 0
My perspective has changed on BANCOR, I may support this project(probably not). My issue is the amount of money going to the dev team vs the project. ~50% of funds(ETH) from ICO is going to the dev team while 10% coin to founders, team members, advisors and early contributors, is an issue for me. It shows BANCOR does not have a big economic stake in the coin, they have barely any coin when it is split amongst all those people. You would want the project you support to have the devs have a bigger stake in the coin and less in the ICO funding. They should take less money from the funding and have a bigger coin stake, due to this I will most likely not support this project. However I feel their ICO set up is not too bad though the 1 hour hype and all that marketing hype is still shill. Due to the issues I'd still put it in the "Dev Shill Category"

thanks for putting it all under the microscope all the same. its difficult to have time to interpret and pick good ICOs at the speed they are all coming out, so anyone picking faults can help throw light on issues the rest of us may not see.

though I think we are seeing a change of direction for cryptocoins. as more traditional business people get involved in larger groups it is morphing into the traditional business world methodologies, albeit in a new and relatively unexplored field. so I kind of expect to see the 'shill' & economic decisions being made like with this ICO, since in business world its basic economic, advertising and marketing strategy to do that. Sure it is mostly bullshit, but that is how the commercial world works, and I think more and more that crypto world is going to turn that way. it is bound to.
 
the day of cryptos being something underground and 'revolutionary', is pretty much over. it's about business and profits now, and that's what will drive the launches.
sr. member
Activity: 340
Merit: 250
Ride the waves.

Learn from dotcom. Scam or not.

It does not matter. All that matters is you jump ship before everybody else.

This is the most accurate statement made on this post.
But if the ship is the Titanic, then it's best not to hop on board in the first place.  Tongue
legendary
Activity: 1190
Merit: 1000


A token launch is equivalent to what in traditional funding would represent A,B,C,D, IPO rounds. Sometimes companies raise billions through this route.


Grin

Show me any company that raised any money, let alone billions, with a secret cap on the number of shares.  Roll Eyes
newbie
Activity: 98
Merit: 0
Ride the waves.

Learn from dotcom. Scam or not.

It does not matter. All that matters is you jump ship before everybody else.

This is the most accurate statement made on this post.
member
Activity: 85
Merit: 10
I think that Bancor looks good, and I'd like to invest, but I have concerns about the ICO and the uncapped hour.

Look at what happened with BAT - huge buy-in at the ICO, completed in 24 seconds.

What's happened since then? BAT was immediately a top 20 coin, but predictably has been dropping away steadily. Now at number 29, and still falling.

So when is the best time to buy? In a crazy ICO (and it will be crazy), that could instantly turn Bancor into a top 10 coin... or wait and see what happens?

I was planning to get in at the ICO, but recently I've changed my mind. I'm going to sit it out and take the gamble on getting in later if the price falls away.

Still think the project looks good though.

Ur right I bought BAT like a chump at 11k satoshi right after it hit the open market and now its less than half the price
sr. member
Activity: 1078
Merit: 354
I think that Bancor looks good, and I'd like to invest, but I have concerns about the ICO and the uncapped hour.

Look at what happened with BAT - huge buy-in at the ICO, completed in 24 seconds.

What's happened since then? BAT was immediately a top 20 coin, but predictably has been dropping away steadily. Now at number 29, and still falling.

So when is the best time to buy? In a crazy ICO (and it will be crazy), that could instantly turn Bancor into a top 10 coin... or wait and see what happens?

I was planning to get in at the ICO, but recently I've changed my mind. I'm going to sit it out and take the gamble on getting in later if the price falls away.

Still think the project looks good though.
sr. member
Activity: 588
Merit: 250
Crypto is Life!

Wait, so Bancor is an ICO launching platform that lets any idiot launch their own ICO with zero technical knowledge or skill?  What a horrifying idea.

Horrifying ? Lol

Then is ethereum reserved for solidity developers who knows how to code only ? Think about what ethereum is really trying to create!
newbie
Activity: 42
Merit: 0
Wait, so Bancor is an ICO launching platform that lets any idiot launch their own ICO with zero technical knowledge or skill?  What a horrifying idea.
Only horrifying if you let yourself fall prey to idiots lol
hero member
Activity: 608
Merit: 500
Wait, so Bancor is an ICO launching platform that lets any idiot launch their own ICO with zero technical knowledge or skill?  What a horrifying idea.
member
Activity: 84
Merit: 11
My perspective has changed on BANCOR, I may support this project(probably not). My issue is the amount of money going to the dev team vs the project. ~50% of funds(ETH) from ICO is going to the dev team while 10% coin to founders, team members, advisors and early contributors, is an issue for me. It shows BANCOR does not have a big economic stake in the coin, they have barely any coin when it is split amongst all those people. You would want the project you support to have the devs have a bigger stake in the coin and less in the ICO funding. They should take less money from the funding and have a bigger coin stake, due to this I will most likely not support this project. However I feel their ICO set up is not too bad though the 1 hour hype and all that marketing hype is still shill. Due to the issues I'd still put it in the "Dev Shill Category"


In my opinion the best way to set up a project in todays' age so Whales don't buy it out and letting all participate is to set an unlimited cap over a month with proceeding less coin per round


EXAMPLE 1 ETH = 1000 BNT First Week, 1 ETH= 750 BNT Second Week, 1 ETH = 650 BNT Third Week, 1 BTH = 500 BNT Fourth Week
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