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 Author Topic: [ANN] Bancor | Protocol for Smart-tokens, solving the liquidity problem  (Read 367589 times)
Sam San
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 June 09, 2017, 08:44:25 PM

Hey guys, first post here

I'm trying to figure out what the roi and break even point is for early investors/contributors.

Is the following correct?
Ico lasting time = Minimum: 1 hour, Maximum: \$250m / 14 days.
50% token release for early investors/contributors, 20% free as promotion and partnerships rewards, 10% for team, 20% team reserve (company).
Max \$250m. 1 Eth ~= \$250 (let's assume and work with this value as of this example). 1 Eth => 100 Bancor (BNT) tokens. Thus:
1 BNT = \$250/100 Eth = \$2,50
\$250m/Eth(\$250) = 100m Eth => 100m Eth * 100 BNT = 10b BNT.
Circulating supply = 50% * 10b BNT = 5b
Total supply = 10b
Break-even profit point per BNT = > (\$5 + total preceding costs).

If the break-even profit point is say \$5,50, is it even worth to invest in this ico? I mean, 10 billion tokens is way too much for the given price of 1 BNT for 0,01 ETH.
That's only 50% of the total supply, thus for 5b BNT. I don't think huge gains can be made when hit on the exchanges due to two forementioned points, while still carrying a high risk.

Please enlighten me further, thank you.

do you have any information that the exchange wants to have for sales of a direct competitor Bancor?

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Newbie

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 June 09, 2017, 08:50:12 PM

Hey guys, first post here

I'm trying to figure out what the roi and break even point is for early investors/contributors.

Is the following correct?
Ico lasting time = Minimum: 1 hour, Maximum: \$250m / 14 days.
50% token release for early investors/contributors, 20% free as promotion and partnerships rewards, 10% for team, 20% team reserve (company).
Max \$250m. 1 Eth ~= \$250 (let's assume and work with this value as of this example). 1 Eth => 100 Bancor (BNT) tokens. Thus:
1 BNT = \$250/100 Eth = \$2,50
\$250m/Eth(\$250) = 100m Eth => 100m Eth * 100 BNT = 10b BNT.
Circulating supply = 50% * 10b BNT = 5b
Total supply = 10b
Break-even profit point per BNT = > (\$5 + total preceding costs).

If the break-even profit point is say \$5,50, is it even worth to invest in this ico? I mean, 10 billion tokens is way too much for the given price of 1 BNT for 0,01 ETH.
That's only 50% of the total supply, thus for 5b BNT. I don't think huge gains can be made when hit on the exchanges due to two forementioned points, while still carrying a high risk.

Please enlighten me further, thank you.

Looks like your math is off.
Correction in red:
Max \$250m. 1 Eth ~= \$250 (let's assume and work with this value as of this example). 1 Eth => 100 Bancor (BNT) tokens. Thus:
1 BNT = \$250/100 Eth = \$2,50
\$250m/Eth(\$250) = 1m Eth => 1m Eth * 100 BNT = 100m BNT.
Total supply = 200b BNT

Of course this is all an assumption of \$250m token sale cap.
Goal
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Activity: 82
Merit: 10

 June 09, 2017, 09:36:40 PM

Hey guys, first post here

I'm trying to figure out what the roi and break even point is for early investors/contributors.

Is the following correct?
Ico lasting time = Minimum: 1 hour, Maximum: \$250m / 14 days.
50% token release for early investors/contributors, 20% free as promotion and partnerships rewards, 10% for team, 20% team reserve (company).
Max \$250m. 1 Eth ~= \$250 (let's assume and work with this value as of this example). 1 Eth => 100 Bancor (BNT) tokens. Thus:
1 BNT = \$250/100 Eth = \$2,50
\$250m/Eth(\$250) = 100m Eth => 100m Eth * 100 BNT = 10b BNT.
Circulating supply = 50% * 10b BNT = 5b
Total supply = 10b
Break-even profit point per BNT = > (\$5 + total preceding costs).

If the break-even profit point is say \$5,50, is it even worth to invest in this ico? I mean, 10 billion tokens is way too much for the given price of 1 BNT for 0,01 ETH.
That's only 50% of the total supply, thus for 5b BNT. I don't think huge gains can be made when hit on the exchanges due to two forementioned points, while still carrying a high risk.

Please enlighten me further, thank you.

Looks like your math is off.
Correction in red:
Max \$250m. 1 Eth ~= \$250 (let's assume and work with this value as of this example). 1 Eth => 100 Bancor (BNT) tokens. Thus:
1 BNT = \$250/100 Eth = \$2,50
\$250m/Eth(\$250) = 1m Eth => 1m Eth * 100 BNT = 100m BNT.
Total supply = 200b BNT

Of course this is all an assumption of \$250m token sale cap.

yeah this actually makes sense, and \$250 million is a fairly good entry point for an ICO. Itll put it around #25 total market cap

SBC : sgRFzU71mQcFW3tm7BBaGJntk7G1ish6vx
WDC: WhznwDGzDA7RZZjcW9hjYa3HPasiV86d3y
QRK: Qb7yTBeFmQGLfGV7P85ZMf2AceHJzANHxC
crypt0dude
Member

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Activity: 68
Merit: 10

 June 09, 2017, 09:47:38 PM

Hey guys, first post here

I'm trying to figure out what the roi and break even point is for early investors/contributors.

Is the following correct?
Ico lasting time = Minimum: 1 hour, Maximum: \$250m / 14 days.
50% token release for early investors/contributors, 20% free as promotion and partnerships rewards, 10% for team, 20% team reserve (company).
Max \$250m. 1 Eth ~= \$250 (let's assume and work with this value as of this example). 1 Eth => 100 Bancor (BNT) tokens. Thus:
1 BNT = \$250/100 Eth = \$2,50
\$250m/Eth(\$250) = 100m Eth => 100m Eth * 100 BNT = 10b BNT.
Circulating supply = 50% * 10b BNT = 5b
Total supply = 10b
Break-even profit point per BNT = > (\$5 + total preceding costs).

If the break-even profit point is say \$5,50, is it even worth to invest in this ico? I mean, 10 billion tokens is way too much for the given price of 1 BNT for 0,01 ETH.
That's only 50% of the total supply, thus for 5b BNT. I don't think huge gains can be made when hit on the exchanges due to two forementioned points, while still carrying a high risk.

Please enlighten me further, thank you.

Looks like your math is off.
Correction in red:
Max \$250m. 1 Eth ~= \$250 (let's assume and work with this value as of this example). 1 Eth => 100 Bancor (BNT) tokens. Thus:
1 BNT = \$250/100 Eth = \$2,50
\$250m/Eth(\$250) = 1m Eth => 1m Eth * 100 BNT = 100m BNT.
Total supply = 200b BNT

Of course this is all an assumption of \$250m token sale cap.

You're right, I messed up valueing 1 Eth for \$1, smh. Total supply would then be 200m instead of 200b.
That sounds more reasonable and probably worth an investment before I need to liquidize it for another VC for my enterprise. My sentiment will determine my decision in the following days, but for now, I'm optimistic about its prospects.
AmarO
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Activity: 84
Merit: 11

 June 09, 2017, 09:53:42 PM

I don't know who is behind the marketing for this coin but my god they need to raise his salary if he pulls this shill off. First they pay Crypt0 to post the yt video to shill, then announce Aragon partnership(gave them coins) to cause more hype, pin tweet of 1+ years hard work. Minereum already creates ERC20 coins. They just copied Minereum with ERC20 coins and backed them. Now they're asking for a 250m ICO, 250m!

Eyal in an interview states "making it simple to create a currency is only half the job", LOL! Look at how much funding Minereum took haha to do half the job, they want a 250M ICO. Also they will keep 50% of the coins! This is mind-blowing.

The craziest thing of all is when I went in their slack and questioned their core developer.... I have a screenshot as well. I told him I can already create ERC20 tokens on Minereum why do I need Bancor. He said we're the first smart token blah blah.. then I asked him if he heard about Minereum and his response is "I have not but the point im saying is our token is nice since we created it."

This is ridiculous the way they're trying to abuse the crowdfunding system.

I'm not saying this is true either but some of these newbie bitcointalk accounts on this thread look hella suspect.

crypt0dude
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Activity: 68
Merit: 10

 June 10, 2017, 12:00:34 AM

I don't know where you get your assumptions from, but they're not correct. I'm not in any way shape related to other accounts here, nor the Bancor team. I've just created an account, because I'm back home from working overseas and wanted advice to bring in a respectable investment in to this ico and company. I've followed this forum and the crypto world for a long time already, without prior investments, due to building up my entreprise.
Also, I didn't post any urls, nor videos. And why should I shill @ 1:56am on a Saturday night? You're right that in doing so at such times and days would require a raise in salaries, that was actually funny

I've put a "/" at the max duration, which means an OR condition, thus it also can end when the 14 days have passed. Most other companies have a larger time frime. Nothing wrong with that.

Again, I'm not a shill. Mods can verify what I'm saying is true and check my unique IP that nobody else here on this forum uses and correlate to the time and day I've spoken off.
Gleb Gamow
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Legendary

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Activity: 1428
Merit: 1120

 June 10, 2017, 12:36:33 AM

I don't know who is behind the marketing for this coin but my god they need to raise his salary if he pulls this shill off. First they pay Crypt0 to post the yt video to shill, then announce Aragon partnership(gave them coins) to cause more hype, pin tweet of 1+ years hard work. Minereum already creates ERC20 coins. They just copied Minereum with ERC20 coins and backed them. Now they're asking for a 250m ICO, 250m!

Eyal in an interview states "making it simple to create a currency is only half the job", LOL! Look at how much funding Minereum took haha to do half the job, they want a 250M ICO. Also they will keep 50% of the coins! This is mind-blowing.

The craziest thing of all is when I went in their slack and questioned their core developer.... I have a screenshot as well. I told him I can already create ERC20 tokens on Minereum why do I need Bancor. He said we're the first smart token blah blah.. then I asked him if he heard about Minereum and his response is "I have not but the point im saying is our token is nice since we created it."

This is ridiculous the way they're trying to abuse the crowdfunding system.

I'm not saying this is true either but some of these newbie bitcointalk accounts on this thread look hella suspect.

Dudes, with apologies, I'm doin' a 180. This token is goin' to da moon because it's nice since they created it. That said, name any other token that's nice because the entity behind it created it and I'll do another 180.

"Numbers are nice because they all add up to potato."
xiyuyoufeng
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 June 10, 2017, 01:35:17 AM

Bancor Cap should go to 10th in the rank at least. It's really potential in currency field. It can be deployed in all the smart contract public chain and realize Digital Asset to circulated freely.

22naru
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Merit: 501

 June 10, 2017, 02:10:35 AM

This ICO would have to do some more calculations.
ICO prices could be too expensive.

Hey guys, first post here Smiley

I'm trying to figure out what the roi and break even point is for early investors/contributors.

Is the following correct?
Ico lasting time = Minimum: 1 hour, Maximum: \$250m / 14 days.
50% token release for early investors/contributors, 20% free as promotion and partnerships rewards, 10% for team, 20% team reserve (company).
Max \$250m. 1 Eth ~= \$250 (let's assume and work with this value as of this example). 1 Eth => 100 Bancor (BNT) tokens. Thus:
1 BNT = \$250/100 Eth = \$2,50
\$250m/Eth(\$250) = 100m Eth => 100m Eth * 100 BNT = 10b BNT.
Circulating supply = 50% * 10b BNT = 5b
Total supply = 10b
Break-even profit point per BNT = > (\$5 + total preceding costs).

If the break-even profit point is say \$5,50, is it even worth to invest in this ico? I mean, 10 billion tokens is way too much for the given price of 1 BNT for 0,01 ETH.
That's only 50% of the total supply, thus for 5b BNT. I don't think huge gains can be made when hit on the exchanges due to two forementioned points, while still carrying a high risk.

Please enlighten me further, thank you.

this is the reason they are on the wings platform right now .... is a very hyped and interested project with a lot of new ideeas . is a good price for start aswell . you count in USD i count in BTC and ETH . cheers for sharing the numbers.
Sam San
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Merit: 250

 June 10, 2017, 02:24:36 AMLast edit: June 10, 2017, 02:47:54 AM by Sam San

This ICO would have to do some more calculations.
ICO prices could be too expensive.

Hey guys, first post here Smiley

I'm trying to figure out what the roi and break even point is for early investors/contributors.

Is the following correct?
Ico lasting time = Minimum: 1 hour, Maximum: \$250m / 14 days.
50% token release for early investors/contributors, 20% free as promotion and partnerships rewards, 10% for team, 20% team reserve (company).
Max \$250m. 1 Eth ~= \$250 (let's assume and work with this value as of this example). 1 Eth => 100 Bancor (BNT) tokens. Thus:
1 BNT = \$250/100 Eth = \$2,50
\$250m/Eth(\$250) = 100m Eth => 100m Eth * 100 BNT = 10b BNT.
Circulating supply = 50% * 10b BNT = 5b
Total supply = 10b
Break-even profit point per BNT = > (\$5 + total preceding costs).

If the break-even profit point is say \$5,50, is it even worth to invest in this ico? I mean, 10 billion tokens is way too much for the given price of 1 BNT for 0,01 ETH.
That's only 50% of the total supply, thus for 5b BNT. I don't think huge gains can be made when hit on the exchanges due to two forementioned points, while still carrying a high risk.

Please enlighten me further, thank you.

Bancor 5,5\$  ------> 5,5 years --------->  5,5 ETH (all smarttokens ETF)
protection   ---------> 2 years ---------> Bancor buys 100 BNT= 1 ETH

 ▄ ▄ ▄▄█ ▄█▄ █▄▄█ ▄███▄ █▄▄██ ▄█████▄ ██▄███ ▄███████▄ ███▄███ ▄█████████▄ ███▄▀▀▀▀  ▀▀▀▀▀▀▀▀▀▀▀  ▀▀▀▀▀███▄ ███████████ ▄███▀▀██▄ █████████ ▄██▀██▄ ███████ ▄██▀█▄ █████ ▄█▀█▄ ███ ▄█▀▄ █ ▄▀ GΞMΞRA ♦ Crypto-Token Backed byColombian Emeralds ♦ ♦ ♦ ▬▬▬   PRE-SALE   ▬▬▬ ♦Sep 10th ▬ Oct 24th [  JOIN NOW  ]── and get 20% BONUS
Shahrul09
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 June 10, 2017, 05:30:38 AM

The value of the BNT after ICO will depend on three main unknowns:

- How much BNT will be required as reserve for smart tokens created through the Bancor platform before the monthly fee is waived
- How high the monthly fee will be for smart tokens created using the Bancor platform
- How the CRR of the BNT will be changed after the ICO

And of course general adoption but that is anybody's guess right now anyway.

What monthly fee?

Bancor will require a monthly fee for users that opt out of BNT as a reserve in their smart tokens. Details unclear as of now.
Where do yo get that? Eyal mention about fee, never heard him saying monthly fee.
And razaberry is one of the team.
Shahrul09
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Activity: 504
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 June 10, 2017, 05:31:36 AM

This ICO would have to do some more calculations.
ICO prices could be too expensive.

Hey guys, first post here Smiley

I'm trying to figure out what the roi and break even point is for early investors/contributors.

Is the following correct?
Ico lasting time = Minimum: 1 hour, Maximum: \$250m / 14 days.
50% token release for early investors/contributors, 20% free as promotion and partnerships rewards, 10% for team, 20% team reserve (company).
Max \$250m. 1 Eth ~= \$250 (let's assume and work with this value as of this example). 1 Eth => 100 Bancor (BNT) tokens. Thus:
1 BNT = \$250/100 Eth = \$2,50
\$250m/Eth(\$250) = 100m Eth => 100m Eth * 100 BNT = 10b BNT.
Circulating supply = 50% * 10b BNT = 5b
Total supply = 10b
Break-even profit point per BNT = > (\$5 + total preceding costs).

If the break-even profit point is say \$5,50, is it even worth to invest in this ico? I mean, 10 billion tokens is way too much for the given price of 1 BNT for 0,01 ETH.
That's only 50% of the total supply, thus for 5b BNT. I don't think huge gains can be made when hit on the exchanges due to two forementioned points, while still carrying a high risk.

Please enlighten me further, thank you.

You guys really think the ico will get 250m in one hour? Hidden cap and hard cap 250m is different.
Boxxl
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 June 10, 2017, 05:34:45 AM

SO IT's ALLREADY HIGHER THEN NEM?
That doesn't make sense

NEM HAS 8,999,999,999 Supply
BNT HAS 10,000,000,000 supply

NEM = 0,22\$
BNT = 2,50\$

I think you losing money right?

No Signature right now...
Mgrover
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 June 10, 2017, 05:36:15 AM

i think 250m is too much for ico.
Shahrul09
Sr. Member

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Activity: 504
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 June 10, 2017, 05:43:46 AM

SO IT's ALLREADY HIGHER THEN NEM?
That doesn't make sense

NEM HAS 8,999,999,999 Supply
BNT HAS 10,000,000,000 supply

NEM = 0,22\$
BNT = 2,50\$

I think you losing money right?

If they get 250m in 1 hour.

They have hidden cap within that one hour. Its totally different.
You think they can get 250m in 1 hour?
You know the highest ico amount that got collected before this?
Mobilego ico 53m. In 30 days.
Idk how can you guys think this ico can get 250m in 1 hour.
Shahrul09
Sr. Member

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Activity: 504
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 June 10, 2017, 05:47:01 AM

i think 250m is too much for ico.
You should read back the terms and co.
They didnt aim for 250m.
They have hidden cap. If that fund get over the hidden cap within the 1 hour perid. It gonna stop after 1 hour.
And they
have decided to allocate any proceeds collected in the minimum hour which exceed the hidden cap as follows:

20% will be allocated to the BNT Ether Reserve, to further improve the liquidity of BNT, which increases stability while reducing conversion costs (price slippage) for all.

80% will be locked for two years in a smart contract that will buy back BNT for 0.01 ETH (the initial price) whenever it is available, according to its calculated price. The purchased BNT will be added to the Foundation’s long-term budget, and after a 2-year period, any remaining ETH will be allocated pro-rata according to the “Use of Proceeds” chart in our Token Creation Terms.

https://blog.bancor.network
tehMoonwalker
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 June 10, 2017, 06:31:48 AM

the boutny campaign is a pain, in times of artificial intelligence i need to manually post my retweets in a thread? cmon guys. there are better ways to solve that..

project itself looks amazing, few questions about the ability to hold a diversifyed altcoin portfolio, how is the worth of the alts calculated? only when you cash out?
520Bit
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 June 10, 2017, 07:28:42 AM

I just noticed the bounties program. So I update my signature and avatar. I would like to join in spreading Bancor into China community.

I have created a QQ group for discussion. Welcome to join us.

QQ Group Name：Bancor Fans(爱好者)
QQ Group Number：537805677
Qiuyue201
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Activity: 537
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 June 10, 2017, 07:54:04 AM

So because of ETH price spike the ICO is capped now at 300 million USD, 50% coins are sold, the market cap is about 600 million USD?
john312
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 June 10, 2017, 07:58:55 AM

So because of ETH price spike the ICO is capped now at 300 million USD, 50% coins are sold, the market cap is about 600 million USD?

Correct. 300 million USD collected in ICO and market cap of 600 million USD might look very high, so perhaps short term it will not be that profitable, but if you think the project will succeed long term it can go even higher from there. Simply make an educated decision. Some people will be investing in ICO, because they simpla want to have the token already and keep it in the cold storage. Other people believe the price will go down and are planning to buy after the ICO. Others are buying half now and half after the ICO, taking the chance it will be lower after ICO and risking it might be higher. Simple as that. The devs will not change the terms at this stage. The ICO is capped at 1 000 000 ETH, which equals 300 million USD, which equals 600 million USD on coinmarketcap.com. No point of trying to say they should change the terms. If you do not like the terms simply do not invest or invest after the ICO. It will be possible to buy Bancor network token from the contract after the ICO.
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