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21  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN] Bancor | Protocol for Smart-tokens, solving the liquidity problem on: May 21, 2017, 11:16:52 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 close
22  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN] Bancor | Protocol for Smart-tokens, solving the liquidity problem on: May 20, 2017, 09:32:07 AM
I think the plan was that it won't be capped because the more they collect they more they will have in the reserves. So that decision makes sense, not from the investor's point however.
you do realise that by investor point of view, the more they raise the more our token will rise? for more than 1 reason,
first would be that the token price rises with each token bought from the contract.
second is the fact they will put % of that in the reserve which brings liquidity and that translates to higher volumes.
third they will invest some of that money to build tokens and exchangers that use bancor which will give bancor even more rise in value...
people need to understand that more money != less ROI in this case

I think you could apply similar logic to many other projects. Also what is important, if they indeed make the ICO capped too high, simply less people will invest. For example, capping the ICO at 50 million and making it last couple weeks, will make them gather for example 10 million, but capping the ICO at 15 million, would make them gather 15 million. Great example is Wings. They gathered only 2 millions (now are worth much more), because their ICO last couple of weeks and was capped to high. If Wings was 10 million capped ICO they would easily gather that sum. Let's hope Bancor does not make the same mistake as Wings. Setting and uncapped ICO is not only bad for investors but also for the team.

I really fail to see how it is bad for investors, could you elaborate? and not just say, people invest less because thats not to say its bad for them, maybe they dont know whats good for them since they are not pro investors?
23  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN] Bancor | Protocol for Smart-tokens, solving the liquidity problem on: May 19, 2017, 01:36:34 PM
I think the plan was that it won't be capped because the more they collect they more they will have in the reserves. So that decision makes sense, not from the investor's point however.
you do realise that by investor point of view, the more they raise the more our token will rise? for more than 1 reason,
first would be that the token price rises with each token bought from the contract.
second is the fact they will put % of that in the reserve which brings liquidity and that translates to higher volumes.
third they will invest some of that money to build tokens and exchangers that use bancor which will give bancor even more rise in value...
people need to understand that more money != less ROI in this case
24  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN] Bancor | Protocol for Smart-tokens, solving the liquidity problem on: May 18, 2017, 08:31:01 PM
What sort of money are people keen to put towards such a Project ?

I can not speak for others but I made a very-very good run on ETH in recent months (over 500%) and Bancor is my next target. I plan on shifting a certain % of that but not more than a thousand ETH.

i would put my bets also to eth

to ETH? i would bet that bancor rises more than ETH atleast short term
25  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN] Bancor | Protocol for Smart-tokens, solving the liquidity problem on: May 18, 2017, 10:38:40 AM
What sort of money are people keen to put towards such a Project ?

im guessing this ranges quite a bit Smiley depends on the amount of money each holds, i can say im going to transfer 15% of my eth to this ICO.. i believe ICO's will bring the most rise in the coming years
26  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN] Bancor | Protocol for Smart-tokens, solving the liquidity problem on: May 17, 2017, 03:56:28 PM
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.

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 Smiley

if you trade for a token that is a smart token you will have the token not bancor, if token A is a smart token and token B is a smart token if you buy them you have them not bancor... Also if you trade any of them to a token in a reserve you will have the token. for example if you put GNT in a reserve and you buy GNT you will have it... the only case where you wouldnt have the real currency is when its a tokenized version of it like if somoene were to create a token for BTC you would have a BTC token..
27  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN] Bancor | Protocol for Smart-tokens, solving the liquidity problem on: May 17, 2017, 09:01:49 AM
So how long you are going to delay the ICO?

Keep in mind that this kind of a delay can make people think that this project is not so serious as we thought it is.

I really hope we will get some good news and new ICO date shortly in order to keep the project hype on high levels.

As they wrote in their information the decision for the delay was given and has a positive reason and not any failure or problems .. I'm sure they were ready but they gained important information and new things which they wanted to release with the ico release and thats why they postponed it just check their message again:

[..] 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 [...] which needs time and cannot be done in minutes which shows very professional handling

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 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. -> they want to make things clearer before releasing information .. realising that people which are not working with it all days are not understanding everything as easy as they do which they want to improve first.

3. [...] 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. [...] -> they don't want to bring it out as fast as possible but as good as possible which again shows that they are not in a hurry but they want to do everything to release a good and stable product which is well considered and checked multiple times.

All in all they are far ahead of many other projects, their team and their handling with the community and all the people around Bancor shows that they are very professional and will bring out a new blockbuster to crypto.

I wonder what news they have for us
28  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN] Bancor | Protocol for Smart-tokens, solving the liquidity problem on: May 16, 2017, 06:11:29 PM
maybe this delay has to do with the network issues that were experienced few days ago? i hope not

my bet is they closed some interesting deal in the east, look at their twitter
29  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN] Bancor | Protocol for Smart-tokens, solving the liquidity problem on: May 16, 2017, 09:24:57 AM
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 Smiley)

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

Keep up the good work! thanks for letting us know what is happening hopefully this will bring good news
30  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN] Bancor | Protocol for Smart-tokens, solving the liquidity problem on: May 15, 2017, 06:02:59 PM

I always see this Bancor in many articles, some posts and some of my friends. I did a few minutes visit on their site and I also scanned their white paper but I can't see the distribution plan. Can someone share it?

what  do you mean by distribution plan?
31  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN] Bancor | Protocol for Smart-tokens, solving the liquidity problem on: May 15, 2017, 02:11:01 PM
seems  not so much people  come  here  and talk too much . but  this coin has gained a  good  reputation,  strange thing.   have joined sig campagn.

thats because they didnt show much up untill now, they were in stealth mode
32  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN] Bancor | Protocol for Smart-tokens, solving the liquidity problem on: May 15, 2017, 11:28:56 AM
Already is Monday. Waiting for ICO details from Bancor team. Interesting to see early bonuses because I will invest.

probably they are busy with their roadshow and development im sure we will get an update soon
33  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN] Bancor | Protocol for Smart-tokens, solving the liquidity problem on: May 15, 2017, 09:17:13 AM
I saw only 0.2% will be given for all bounty tasks. Isn't it a bit low? Any info to read about that?
if you read more carefully you will see its 0.2 per bounty which there are 5 of so 0.2*5 = 1%
34  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN] Bancor | Protocol for Smart-tokens, solving the liquidity problem on: May 15, 2017, 07:33:00 AM
Just please, do not fuck up the ICO with capping it too greedely. I agree with people saying 6-12 million is acceptable price range. You will see, that if you set it insanely high like 20 million or more (or make it uncapped) you will not gather even half of that and you will not create decent community helping you promote your project, which is priceless.

Yeah thats true, 6-12 million is acceptable, I don't want them to push it too high or worse leave it uncapped. Nevertheless I have high hopes for this coin. It's one of those I'm keeping a strong watch on, and participating in its bounties Smiley

why do you think a big cap is gonna ruin it? what is the thinking there
35  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN] MOBILEGO Crowdfund - Decentralized Solutions on Gamecredits Mobile Store on: May 14, 2017, 08:47:41 PM
as a gamer i cant wait for this!
36  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN] Bancor | Protocol for Smart-tokens, solving the liquidity problem on: May 14, 2017, 08:45:04 PM
Nothing but a new way to get ICO. The entry barrier to do an ICO is really low, why we need a platform to do so? the reasons seem very weak to me.

did you read about bancor? the fact you "can" make an ICO using the platform doesnt mean its the use for it...
beside creating an ICO in bancor would not only make it easier for people to create, it would give the token instant liquidity without the need to get into a big exchange. which would give it a big head start in price discovery compared to wait time for an exchange and even then the volumes are so low it takes hours just to get a buy/sell going...

beside all that the ETF creation, the automatic decentralized exchange and the long tail use cases seem far more appealing to me as an investor
37  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [BCAP] THE FIRST DIGITAL LIQUID VENTURE FUND - BLOCKCHAIN CAPITAL FUND on: May 14, 2017, 07:48:31 PM
tl;dr description? Smiley
38  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN] Bancor | Protocol for Smart-tokens, solving the liquidity problem on: May 14, 2017, 06:55:24 PM
I think we must wait next week when devs will say about ICO details and then discuss them.

I think so we have to wait for little more to let know details about ICO. The team is just preparing the all stuff regarding upcoming ICO so that I hope they will make attractive plan for this crowdsale.

Definitely a so;id project but the team has not reveal the detail structure of the ICO. I think more information on this will help potential investors make decision on the investment strategy on the project

yup but im sure they will release it soon enough, they dont take things lightly which is nice
39  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN] Bancor | Protocol for Smart-tokens, solving the liquidity problem on: May 14, 2017, 06:06:22 PM
How often does bounties posts are checked and calculated, as I see not many people have been awarded yet.. thanks


Only 2 weeks left for ICO, are you prepared investors? ) Cool

haha i keep seeing how much i can gather for an investment here Smiley so excited
40  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BATA | BTA ◈ POW/POS HYBRID ◈ MASTERNODES ◈ PROFIT SHARE ◈ BBP ◈ UBERNODES on: May 14, 2017, 04:51:02 PM
any tl;dr ? Smiley
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