No, the price was 0.01eth and the price on exchanges are over 0.011. Either way you can always sell your bnt to the ether contract and recover 0.01eth/BNT. The price ref was eth not bitcoin not dollar. Bancor is traded against BTC. when you open Bittrex you see BTC/BNT which is 0.00130. That's under ICO price. ETH/BTC was 0.14 at that time. Now if you want to buy Bancor you can pay 0.001 BTC cheaper and get it. BTC is all that matters for me. They have benchmarked Bancor against ETH. So if ETH keeps going down against BTC, naturally Bancor will fall too. Yes, compared to BTC, we are below ICO price now. There's really no one answer to what Bancor price should be benchmarked against. This is a similar conundrum with many ETH-based token sales of late. It seems many investors are longer-time ETH holders, so the alternative to their ICO investments is just to hold on to ETH. On the other hand, many exchanges base prices on BTC, so that's a pretty good reference. Finally, many view prices in USD terms especially when talking about amounts raised, market cap, etc. So you have these three benchmarks - ETH, BTC, and USD. Each investor should determine his/her own benchmark as the best use of funds in the absence of this investment, i.e. if you hadn't invested in Bancor, in what currency would your money be in? |
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Well, I wrote a piece for Hacked.com before the ICO and said all you were getting for your money was 40 odd lines of code nothing more and not even a high-level code.I don't own any and never will so I will not spend time on this thread putting it down or rehashing the article but anybody that has any sense will see through this debacle straight away.
Irrespective of how good or bad an idea this is, it is shoddy to judge its value based on number of lines of Solidity code in the smart contract. |
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This is a very difficult problem. On the one hand, of course you want everything decentralized and out of the founding team's hands. On the other, if shit hits the fan, you're looking to the founding/dev team to fix things. I can see it being a tough spot for the team. But more communication on this matter would definitely be appreciated - what's the longer term plan for removing these controls, etc. |
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Awesome to hear Benoit onboard as a new hire - dude is super talented
I'd like to learn more about this new hire. What makes him super talented? |
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Does it means if someone buy 200 btc worth of icn,icn price will be $9?Sorry I do not understand how this exchange thing work It's a little more complicated than that because new sell orders will come to the market if the price rapidly rises but for a thin order book, this is approximately how it will be. What they are saying is, based on the current order book on the exchanges, if you buy 200 BTC worth of ICN, the price will move up to around $9 because that 200 BTC will eat up all the sell orders (again, currently on the books) for ICN. |
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Lol everyone eager to dump their BNT for profits. I see no exchange will add BNT. You guys will need to use the smart contract to liquidate your coins at 0.01 ETH
Actually, a fair price of 1 BNT is 0.001 ETH, and once it hits exchanges, the market will bring it down there. can you give us more ideea why we should wait and buy cheaper? i missed the ico ... and i need to buy bancor cheap .cheers It is very simple: each BNT is backed by nothing but 0.001 ETH. This is how much it costs. The market will converge to this price. How did you arrive at that number? 100 BNT were issued for every 1 ETH, with a reserve of 20% |
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Although we’ve been moving fast, we’ve been strict on keeping our standards and the project quality high, and therefore the Alpha will be slightly delayed. Rest assured, speed remains a top priority.
Our team has increased in size and we’ve recruited top talent in design, development, and marketing. We’d like to announce Christopher Smith as our CTO. Who is this Christopher Smith fella? Same question. Perhaps you can share a LinkedIn profile and a github repo link? |
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ICN has significantly underperformed ETH since its ICO though. You can check that here: https://icostats.com/vs-eth The point is not that ICN hasn't done well, but when compared to the alternative for many people, which is just hold ETH instead, it has significantly underperformed. The ICO prices for a lot of the assets on this site are way off. I messaged the owner about it, and he said he is working on auditing/correcting the prices. Some of them like DGD or ANS are listed at +100% or -50% what the actual ico prices were, based on BTC and ETH prices on date ico closed. Iconomi (ICN)https://medium.com/iconominet/iconomi-ico-token-share-calculation-finalised-9747e69d496d10,682,516.42 USD equivalent raised for 87m ICN issued = $0.122787545 --> site has it listed as $0.13 converting to other currencies using the weighted average exchange rates from the blog post: 0.122787545 USD ÷ 605.893 USD/BTC = 0.000202655 BTC --> site has it listed as 0.00025445 BTC 0.122787545 USD ÷ 13.1603 USD/BTC = 0.009330148 ETH --> site has it listed as 0.0118 ETH That doesn't change the overall trend, does it? I am long ICN btw, it's just that investors need to see the full picture, and not parrot that their favorite coin is going to the moon and blah blah. |
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thank you very much , I got some BNCHDL tokens , does 1 BNCHDL=1 BNT ? when can we withdraw our bounty ? No, the conversion depends on the total supply of the BNT tokens (they are reserved at CRR=100%) so that the entire supply of BNCHDL is 0.2% of the total BNT supply at the ICO. |
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ICN has significantly underperformed ETH since its ICO though. You can check that here: https://icostats.com/vs-eth The point is not that ICN hasn't done well, but when compared to the alternative for many people, which is just hold ETH instead, it has significantly underperformed. |
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Bancor says if you're using MEW to access your wallet to send ether via "Keystore File". Would just using my private key be acceptable--rather use that than risk losing my USB at work. However I don't want to screw things up. If they say use "Keystore File" does that mean a transaction wouldn't go through if I used my private key instead?
No it does't mean that. Using the keystore file is, in general, more secure than copy-pasting your private key because you don't need to store your private keys in clipboard memory where it is accessible to other programs. However, as long as MEW is able to see your private key, either via the keystore file or via copy-pasting your private key, it can create and broadcast a transaction for you. In terms of the actual transmission of the transaction, it doesn't matter what type of signing you use, as long as the signature is valid, i.e. as long as either the keystore file or the private key are valid. |
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Predicting the market is hard. Predicting the crypto markets is well neigh impossible. In that case, just focus on the steady improvement/development of the platform. What is Stratis planning to do that will give it value beyond speculation? Think business partnerships and sidechains. That's what will signal adoption. Non-speculative price component will follow that adoption.
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did they publish the burn address? if not, why?
I think it's scheduled to be announced in the Q2 report, so expect something near the end of this month to beginning of next month. |
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I have never participated in something like this. How does this exactly work? I would just send them the eth and then what? How do I receive what I've paid for? I'll probably give this a try with a few euros to learn how something like this works, not sure yet if I should do a more important investment, specially being a noob, but I would like to know the basics because even if it's just a small amount I would rather not lose it. XD Would they automatically send me the BNTs to my MEW account or do I need to do something else besides sending the eth to their address or what? Sorry if I'm making the dumbest questions on this site's history, I repeat that I'm just trying to learn how these things work.  If I send a couple of bucks worth of ether, will I own a yatch in the following months?  You just need to send ETH from a wallet that you control, i.e. you're in possession of the private keys. Something like MEW works. Don't send from any exchanges, because you don't hold the private keys to the wallet. BNT is an ERC20 token, which will add your address in the list of addresses if you send during the right window, based on the execution of the token sale smart contract. So you really don't need to do anything else. Your address will automatically get the appropriate amount of BNT. It is very unlikely that if you send a couple of bucks worth of ether, you'll be able to own a yatch in the following months. |
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Official Bancor recommends 200k gas for your ico transacation. Is there a possibility that this ico "breaks" the ethereum blockchain for that hour and we have to guess at the best gas amount for our transaction to verify? The BAT ico was over in seconds and the max transaction cost that someone paid was 6k usd as Buterin mentioned: http://vitalik.ca/general/2017/06/09/sales.htmlSomeone mentioned gas caps on Bancor ICO, but can someone verify that? It is possible that this ICO will cause a significant delay for regular ETH transactions just like BAT did, but that's the cost of participating in these ICOs. I suspect with all the scaling solutions in the pipeline for Ethereum, these will be less of a concern moving forward. |
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... this will touch $100 very soon...
No offence, but how do you reach that conclusion? I'm a glass half-full kind of guy but this kind of hyperbole doesn't do anyone any favours  Didn't you get the memo? You're not supposed to question outrageously outlandish price predictions in this thread  |
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I think business blockchains have good future, so if Stratis will develop as good as now it will be worth fortune.
So it is good to use every price drop to buy Stratis token. Mark my works.
A future potential catalyst would be a real business, well-known to people, using Stratis as a sidechain. That would definitely be interesting news to the community and especially to the markets. |
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I need not to mention that I am an ICN fan but comparing it with ETH is too much.Eth has a different platform.It has real world use.
They are very different crypto-assets with very different properties and economics. It's foolish to try to compare them head-on from a return perspective. ICN is, by nature, a crypto with economics tied to investment decisions made by a team, and they have proven to have done a fairly good job so far with their investments. ICN should grow as the space grows and evolves. |
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That's some serious conversation, sadly taking place on a 140-char limit medium. Sigh. |
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In my opinion, we are at the very beginning at the very beginning of the beginning.
It can very quickly rise in the months to come.
Personally I keep buying as much as I can.
I can see the ICN at $ 15/20 by the end of the year.
But this is only for me.
If strong hands like you keep buying and holding, it will eventually push the price further up and your target $15/20 can be achieved. The problem is that ICN with 80 million circulation is spread widely among people and many of them are week hands who sell at smallest pump. No worry will happen as with ETH, with time everything will smooth, and strong hands will recover more beautiful than weak hands who will have lost money. EDIT : Everything is a matter of time and balance yep, I agree. It took 2+ years for ethereum to take off. Building strong foundations take time. I think the more people sell now, the better it is for the long term. Tokens need to exchange hands and if someone that bought at $0.25 sells at $2.00 for profit - there is nothing wrong with that. Choosing 2-3 solid projects and hold is a better approach than flipping, at least to me. There's an added benefit as well - if the price remains low, it gives the team the opportunity to buy back and burn more tokens than if the price were higher. With the low price then, longer term holders benefit more. |
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