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Once again look at Wings - they were capped but they have set their goal very high and for investors it looked like not capped crowdfunding and they gathered only tiny amount of what they wanted to. Same will happen with Storj. Look at all successful crypto crowdfundings - they were capped. The uncapped ones gathered less funds than the capped ones. 10 million cap is max amount that should be considered here and even that I think is too high. Note that Bancor will also hold BANCOR tokens as their assets, so they will have way more money than only what they have crowdfunded.
well if 10 milion was ok then imagine 20% of that going straight back to the investors, that would put bancor at 8 mil before even calculation transaction fees... also they stated alot of the money will go towards building local currencies and ETFS which will make bancor rise in value |
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btw why do you say 6 mil? isnt that low for a company of over 10 people? i would say 30 is not out of question since even storj are asking for that
People are clearly blinded by this altcoin bubble. Way too much money flew into crowdfunding projects. Better get back to realistic levels, teams will have to prove first that they are worth these huge amounts of money imo. https://en.wikipedia.org/wiki/List_of_highest_funded_crowdfunding_projectsI totally agree, but what would qualify them in your opinion? this team has raised money in the real world, built a product, was behind several successful startups and raised in total over 100 million usd for their ventures. so while i agree people are somewhat blinded I honestly dont think there has been such a strong ICO team so far and a 30 million seems fair, especially if you consider that they put % of that to the contract for liquidity and also going to use some of the funds to pay for some of the first millions transations in the system |
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Project looks interesting but there are two huge mistakes:
1. The ICO is not capped. Why would you do this? I understand you would like to have more funding and also to have bigger reserves for the tokens, but uncapped ICOs are not attractive for investors. For example Wings (which is a great project) gathered only 2000 BTC beacuse it was uncapped (despite the fact it was highly promoted) but other projects that were capped at 5 million or 6 million gathered way more than Wings. Cap the ICO at 5 million, 6 million or even 10 million but please do it, it will only benefit the project.
2. I looked at the bounties timeline and figured out that ICO will probably last from 30th May till 30th June, which is also too long. Most people back the project either in the first couple of days or last minute. Look at some great ethereum projects that lasted much shorter and were very successful. Inbetween launch of presale and the end of presale nothing happens. Of course capping the ICO would solve this problem since the goal would be reached quicker anyway.
My idea for the ICO is: make it last for 2 weeks or 6 million market cap, whichever comes first.
btw why do you say 6 mil? isnt that low for a company of over 10 people? i would say 30 is not out of question since even storj are asking for that |
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Project looks interesting but there are two huge mistakes:
1. The ICO is not capped. Why would you do this? I understand you would like to have more funding and also to have bigger reserves for the tokens, but uncapped ICOs are not attractive for investors. For example Wings (which is a great project) gathered only 2000 BTC beacuse it was uncapped (despite the fact it was highly promoted) but other projects that were capped at 5 million or 6 million gathered way more than Wings. Cap the ICO at 5 million, 6 million or even 10 million but please do it, it will only benefit the project.
2. I looked at the bounties timeline and figured out that ICO will probably last from 30th May till 30th June, which is also too long. Most people back the project either in the first couple of days or last minute. Look at some great ethereum projects that lasted much shorter and were very successful. Inbetween launch of presale and the end of presale nothing happens. Of course capping the ICO would solve this problem since the goal would be reached quicker anyway.
My idea for the ICO is: make it last for 2 weeks or 6 million market cap, whichever comes first.
how did you see its not capped or all that? they havent released this information yet, said they release it on the 15th |
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May need more publicity,any bounty link?
you can go to app.bancor.network and sign up for the various bounties they have |
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Wow, amazing bounty campaign website!
I'm watching this project, good luck devs.
Yes amazing  - All Zuks = 0.2% of the total supply of BANCOR at the end of the ICO .2% really? that Zucks very funny this guys, dont waste your time for .2% of this coin, join to other campaigns for 1% ,this guys are so greedy´s did you read their page or try and find flaws? it clearly states there are 5 bounties each has its own token, each token = 0.2%. 0.2 * 5 = 1% so what seems to be the problem? |
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how to join these bounty? iam so confused about this bounty project  nothing spreadsheet? go to app.bancor.network there you can create a user and join groups, each group is a different bounty with different tasks and rewards |
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already join in your social media campaign i like the idea its look like socialmedia that have your own wallet.
ha thats exactly how i felt! its like facebook for money |
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İ like the project as everything controlled by bot. No human needed. It means no delay no problem. Good work
ye totally agree, the less human interaction with our tokens the better, a real decentralized exchange system |
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What is the specification of this token It's much hard for me to find the details in OP. Anybody can help me to find the link about this and what is minimum funds required for this project?
they didnt post yet the specifications of the ICO i think probably in the coming week they will |
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thank you , I have joined the cancor slack channel from your invtitation link, I will keep watching this project, hope there is a sig campaign you can check their website there is a bitcointalk sig campaign and they even have a create a meme campaign  |
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I haven't seen a successful "start up" project with credit cards, this better be the one
well Bancor isnt the credit card startup, TokenCards are. but hopefully together they can accomplish incredible things! |
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How would the integration with TokenCard work?
looking from the side it looked like they might be competitors?
how is the integration going to benefit both solutions?
Tokencard lets you spend your ERC20 tokens the same way you’d spend using a normal VISA card. Therefore it makes your ERC20 tokens liquid in the ‘real world’ Bancor lets you create completely liquid tokens that serve as their own market makers. So anyone can create a token that is instantly & always tradable for any other token on the Bancor network. So Bancor enables full liquidity for the long tail of cryptocurrencies by making them all exchangeable for eachother. TokenCard makes them liquid in terms of being spendable anywhere a Visa card is spendable. Ah I see, so basically the cards would hold tokens inside of them and if they are bancor tokens they could be swapped to one another and swapped out through exchanges like any other token? are Bancor tokens working with any ERC20? or do we need to create a whole new line of tokens? |
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How would the integration with TokenCard work?
looking from the side it looked like they might be competitors?
how is the integration going to benefit both solutions?
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wow really? tokencard are amazing and a really good fit for a partnership, hope to see more about this soon |
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i must admit using your website for bounties is an amazing experience, really unique to do it in your own website!
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so when is the bounty announcement? i wanna start earning some tokens |
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