Not everyone can be a member, it says you have to be a Senior member to join.

Does anyone know when this will hit the exchanges and which ones please?

I missed the ICO but would like to buy.

Thanks

that is exactly what they are doing. It's imba greed.

bullshit, if they have a cap, nobody can accuse them of anything as people have been able to invest for over a week via bitsuisee in a number of currencies and eth or btc.

It's a scam, stay away!!!! They have announced a price of 100 bancor / 1 eth ($2.47 @current rate) AND NO CAP. Apparently they have a "hidden" cap that they will stop at, letting us know when 80% is hit, but not displaying how much they have raised. This isn't an ICO it's a get rich fast scam by the bancor team. Galia said she doesn't want investors to make money and doesnt' want volatility..  Disgusting attitude and a huge let down. The investors will be lucky to get 50% of their investment back when it hits the markets. This isn't what an ICO is meant to be, as in a win-win scenario where the investors get ROI and the projects gets funding.


I was removed from the telegram group after Galia couldn't respond to my questions. This whole thing is set up so investors don't make any money and the bancor team are happy with it. Galia said it herself.

I see that on slack Eyal pasted a more refined version of the crap:

"1. The most critical thing for us is to make sure that those who took the time to research and understand Bancor prior to the fundraiser will be able to participate. This is the reason behind the 1h minimum time.

2. This is not a fundraiser for quick-flip investors wanting to get in and make a quick profit. That is not the goal of the protocol, the foundation, the team, the product or the project.

3. A large fundraiser will mean a large reserve (more liquidity, less volatility) and more resources to make Bancor a success, which we have detailed plans to implement. More bounties, more community grants, more explanatory events, etc. We believe this is in the best interest of the contributors and the project, and we are the right team to execute this vision. For those looking to hold their tokens, which are the kind of contributors we are optimizing for, this seems to us the best configuration and we are doing careful planning for the spectrum of outcomes.

4. Re Bitcoin suisse, we created this option for those who wanted additional assistance or additional currencies with which to fund. As the terms structure was being delayed, we heard from many that they wanted to contribute no matter what, and were eager for an option to come online. There is no advantage to Bancor of having these funds come in early as they are held in escrow. There are no discounts or other contingencies. There was a preset amount allocated to this option which may or may not be filled, and has no material impact on the fundraiser nor it’s cap. It’s unfortunate to hear that some are frustrated with this option, as we truly set it up to be a helpful mechanism for those who wanted it, and to calm concerns about not getting in before we were able to share our minimum hour mechanism. This was also intended for those who knew they couldn’t be available later in the month regardless of a cap or no cap. That all said, If anyone feels slighted by the unfolding of events and would like to withdraw their ETH from bitcoin suisse, we have decided to cover the fee penalties ourselves.

5. Re Protocol in this group, we welcome all opinions. However, we insist on healthy and respectful dialogue, and will not tolerate unproductive behavior. Bancor is clearly not a scam. We can agree to disagree on points, and we can be convinced of points we’ve overlooked, but we’d like to keep the discussion here constructive and not further feed the frenzy engine that has plagued so many projects before us, and prevents both us and you from getting value from this forum. We will be banning users who do not adhere to this protocol, and again we welcome respectful dialogue on all points."

Now, let's analyse their bullshit.

1. EVERYONE is able to participate and has been able to participate for over a week via bitcoinsuisee.ch/bancor where people can pay in CFH, GBP, EUR, USD, DKK, SDG, Ether or Bitcoins, meaning the 1 hour un-limited cap is COMPLETE BS!

2. So this isn't a fund raiser the INVESTORS, the people who believe in you and want to help you secure funds so that you can get it off the ground and turn it into a viable project. The truth is this is purely for the greedy bancor team to get rich.

3. They believe that it is in the investors interest to have an UNCAPPED ICO, or as they put it with a "hidden cap" (LOLOLOLOLOLLOL), so that they don't make a ROI or maybe even their money back.

4. Here they are making out that investors are angry that we have bitsuisse as an option, this is BS, nobody said that. We are also told that the funds raised via bitsuisse, " has no material impact on the fundraiser nor it’s cap" - WTF? So regardless of how much is raised, it doesn't affect the cap? Off course it doesn't - because you don't have a cap, you will see how it goes and when the investments start slowing down you will say that you've reached 80% of your imaginary cap. IN A REGULATED MARKED THIS WOULD BE ILLEGAL.

5. If you question them or state that you are not happy with this shambles of an ICO scam they will eject you, what can I say.. disagree and you're out.. very classy.

Instead of using the ICO to raise funds to support the project, they are using it to get rich quick.

"Fixed Price: 0.01 ETH per 1 BNT (i.e. 100 BNT per 1 ETH)"

$2.44 per bancor? =)))))

ICO details! wohoo! The info is here!

https://blog.bancor.network/bancor-network-token-bnt-contribution-token-creation-terms-48cc85a63812

Don't worry about it being sold out like BAT, it won't be... people have been able to invest in the ICO for over a week via bitcoinsuisse where they can use FIAT (several currencies) or BTC or ETH, yet they only raised the equivalent of 11,000 ETH.

The #Bancor protocol token generation event will take place on June 12, 10am GMT. Terms will be released 7 days in advance #ethereum #token

We are now 7 days in advance. Hopefully some info will be released in the coming hours.


Also, I'm worried about the state of the roadmap. It's very superficial and there aren't any dates so it's unclear. It looks like something you would write on a napkin in a bar...   Perhaps someone from the bancor team can elavorate.

Or maybe he realised he was being an idiot and that qtum is a huge, legit project!  I really hope that the Chinese embrace it and it becomes the eth of Asia. I'm an ICO investor and I won't be selling until the price hits $150.  This is the most promising project out.

what makes you say that? You have been able to invest via bitcoinsuisse for around a week now, you have plenty of time to invest.

Hi, ignore that troll, he's full of shit. He calls anyone who has anything good to say about qtum a shill....

yeah, insane! I've never seen a coin with this much support.  I'm betting the price will double when a working testnet is released and more than double in the build up and release of mainnet. Then as long as the Chinese support this coin, it will easily become one of the top coins by the integration and API release in November.  My only regret is not being able to buy more at ICO.. it all got bought too quickly.

So the 2/3 of ICO participants are barely breaking even at the current price? ($0.871265)

100 milion total supply. 1% inflation per year.
The qtum currently on exchanges is an IOU (futures). It will properly be released in September. You can get it cheaper on allcoin that on other exchanges. People selling now are crazy imho.
Hope this helps.

why is the qtum so much cheaper on allcoin than on the other exchanges?
Also, why don't buyers get the cheaper qtum from allcoin?

yea, so when you buy they are moved to your account on the exchanges ( allcoin or yunbi). You can then sell them for btc or wait until they are officially released in Sept and withdraw.

yea. it seems to be cheaper on allcoin at the moment and the volume is much lower.

Where did you transfer your btc from? Remember that it can take a few hours, or even a day for the confirmations.
Good luck getting qtum while it's still under $50

qtum being sold on allcoin, so far it's much cheaper than on yubi !