[ANN] Bancor | Protocol for Smart-tokens, solving the liquidity problem

[john312]

I think 9 hours left for the ico. also I think 11 hours left for the ico ends. Hardcap probably around 200k ether. So with 1 xtra hour it will reach around 250k. These are my opinions.

Wrong. Hard cap is in the code. It is 1 million ether so about 360 million USD (market cap 710 million USD).

[rkp13]

How fast do you think the 350 000 000 cap is reached?

I don't think it will hit hard cap of 350MM in One hour. But crowd sale will be closed in one hour with significantly lower soft cap.

[john312]

How fast do you think the 350 000 000 cap is reached?

tell me when, in crypto history, someone raised just half of this amount 

Everyone wants in. This cap will be reached easily in the first 30 minutes. TheDAO rises half of this amount and Ethereum was like 36x cheaper back then, so in terms of ETH collected TheDAO has risen even more.

[chichidori]

Half of it is impossible to reach but any potential ICO have a shot at it, its all about the cap and how much is the price of each token.

[shewasfourteen]

what is the minimum invest price?

[thehun]

Did  you guys succeed to join the Bancor  ICO through    https://www.bitcoinsuisse.ch/bancor/

I never got a reply from them even though I sent all the documents last Wednesday. Pretty unprofessional behaviour to say the least.

[Roidz]

How fast do you think the 350 000 000 cap is reached?

tell me when, in crypto history, someone raised just half of this amount 

Everyone wants in. This cap will be reached easily in the first 30 minutes. TheDAO rises half of this amount and Ethereum was like 36x cheaper back then, so in terms of ETH collected TheDAO has risen even more.

You should look at USD price, not at quantity of ETH.


..i'm saying this, but i'm going to invest in this ico, just to clarify 

[Diegox]

Is there any public scripts or smartcontracts to automatically participate in ICOs (even if you're offline..)

[burner2015]

I think I pass out on this one. Too many open questions. Was really excited, BUT this can be loosing money hard. 

Don't get me wrong I like the idea, but the ICO has too many open questions and is not very transparent

[TeraBite]

Did  you guys succeed to join the Bancor  ICO through    https://www.bitcoinsuisse.ch/bancor/

I never got a reply from them even though I sent all the documents last Wednesday. Pretty unprofessional behaviour to say the least.

But there maximum funds cap has been reached there now you should have to invest into main ICO round after few hours. That site is pretty lazy to provide customer support I also had bad experience in past with them.

[thehun]

Did  you guys succeed to join the Bancor  ICO through    https://www.bitcoinsuisse.ch/bancor/

I never got a reply from them even though I sent all the documents last Wednesday. Pretty unprofessional behaviour to say the least.

But there maximum funds cap has been reached there now you should have to invest into main ICO round after few hours. That site is pretty lazy to provide customer support I also had bad experience in past with them.

I sent everything before that and now the site says that they will process the backlog, which they never did. Also no reply to emails, no way to reach anyone on the phone, etc.

[john312]

How fast do you think the 350 000 000 cap is reached?

tell me when, in crypto history, someone raised just half of this amount 

Everyone wants in. This cap will be reached easily in the first 30 minutes. TheDAO rises half of this amount and Ethereum was like 36x cheaper back then, so in terms of ETH collected TheDAO has risen even more.

You should look at USD price, not at quantity of ETH.


..i'm saying this, but i'm going to invest in this ico, just to clarify 

Most people do not look at USD price. We simply hold some amount of ETH and will invest some of it no matter if the price is X or Y. Someone decided to send 50 ETH, someone 5 and someone 500 and how it is priced that day is not that important. I think devs understand that and that's why it is capped in ETH and not in USD.

[Caulon]

How fast do you think the 350 000 000 cap is reached?

tell me when, in crypto history, someone raised just half of this amount  

Everyone wants in. This cap will be reached easily in the first 30 minutes. TheDAO rises half of this amount and Ethereum was like 36x cheaper back then, so in terms of ETH collected TheDAO has risen even more.

You should look at USD price, not at quantity of ETH.


..i'm saying this, but i'm going to invest in this ico, just to clarify  

Most people do not look at USD price. We simply hold some amount of ETH and will invest some of it no matter if the price is X or Y. Someone decided to send 50 ETH, someone 5 and someone 500 and how it is priced that day is not that important. I think devs understand that and that's why it is capped in ETH and not in USD.

actually if 1 eth is $6 usd vs 1 eth being $364 usd is a huge difference and people look at the price in USD...If 1 eth is $50,000 usd would Bancor still ask for $500 per coin? Is 1 of their coin worth $500 usd then...

This 100 per eth ratio is not smart move for investors. It needs to be at least 500 - 1000 while ethereum is trading at $360 usd. Buying in a 50 cents and below is not bad.. it is not smart to price these coins so high at $3.60 USD initially because investors can get burned. You should be looking out for investors because you will be able to fund yourself the same rather or not you give out 100 coins vs 500 per eth.

[john312]

Also note that after the ICO you will be able to sell your coins to the contract. Note that couple of first people will be able to sell for the ICO price but the rest will be selling below, so the faster you sell the closer you are to the ICO price.

[TheKB]

How fast do you think the 350 000 000 cap is reached?

tell me when, in crypto history, someone raised just half of this amount  

Everyone wants in. This cap will be reached easily in the first 30 minutes. TheDAO rises half of this amount and Ethereum was like 36x cheaper back then, so in terms of ETH collected TheDAO has risen even more.

You should look at USD price, not at quantity of ETH.


..i'm saying this, but i'm going to invest in this ico, just to clarify  

Most people do not look at USD price. We simply hold some amount of ETH and will invest some of it no matter if the price is X or Y. Someone decided to send 50 ETH, someone 5 and someone 500 and how it is priced that day is not that important. I think devs understand that and that's why it is capped in ETH and not in USD.

actually if 1 eth is $6 usd vs 1 eth being $364 usd is a huge difference and people look at the price in USD...If 1 eth is $50,000 usd would Bancor still ask for $500 per coin? Is 1 of their coin worth $500 usd then...

This 100 per eth ratio is not smart move for investors. It needs to be at least 500 - 1000 while ethereum is trading at $360 usd. Buying in a 50 cents and below is not bad.. it is not smart to price these coins so high at $3.60 USD initially because investors can get burned. You should be looking out for investors because you will be able to fund yourself the same rather or not you give out 100 coins vs 500 per eth.

1 BNT = 3.5$ (350 Mil. USD market Cap) looks like a good deal only for Bancor team to buy in ICO themselves and dump on sheep for quick money.

[Caulon]

How fast do you think the 350 000 000 cap is reached?

tell me when, in crypto history, someone raised just half of this amount  

Everyone wants in. This cap will be reached easily in the first 30 minutes. TheDAO rises half of this amount and Ethereum was like 36x cheaper back then, so in terms of ETH collected TheDAO has risen even more.

You should look at USD price, not at quantity of ETH.


..i'm saying this, but i'm going to invest in this ico, just to clarify  

Most people do not look at USD price. We simply hold some amount of ETH and will invest some of it no matter if the price is X or Y. Someone decided to send 50 ETH, someone 5 and someone 500 and how it is priced that day is not that important. I think devs understand that and that's why it is capped in ETH and not in USD.

actually if 1 eth is $6 usd vs 1 eth being $364 usd is a huge difference and people look at the price in USD...If 1 eth is $50,000 usd would Bancor still ask for $500 per coin? Is 1 of their coin worth $500 usd then...

This 100 per eth ratio is not smart move for investors. It needs to be at least 500 - 1000 while ethereum is trading at $360 usd. Buying in a 50 cents and below is not bad.. it is not smart to price these coins so high at $3.60 USD initially because investors can get burned. You should be looking out for investors because you will be able to fund yourself the same rather or not you give out 100 coins vs 500 per eth.

1 BNT = 3.5$ (350 Mil. USD market Cap) looks like a good deal only for Bancor team to buy in ICO themselves and dump on sheep for quick money.

Yes BANCOR Please justify your coin being worth $3.60 USD each. You are not giving investors a good deal at $3.60 per coin. You can raise same amount of cash and have same amount of coins in circulation if you gave investors 500-1000 coins per ethereum vs 100 per eth. And you could limit investment risk. A good ratio would be 50 cents per coin anything over that is simply greed and risky investment and not a smart move for a crowdsale. The crowdsale manager already shows he is not smart about finding a common ground for investors and the company. It favors the company vs the shareholder.

[avadhoot]

Don't miss the discussions on ICO Forum where other ICO investors are discussing about bancor: http://icoforum.herokuapp.com

[boopy265420]

Right now no one of us knows what the hard cap for this project but we have some hints to understand if we look at them. It was said that even if all the tokens will get sold in matter of minutes then too crowdfunding will last for at least an hour. This tells one thing that the total number of tokens is reasonable and realistic which can be sold out within hours.

[Mrrr]

How fast do you think the 350 000 000 cap is reached?

tell me when, in crypto history, someone raised just half of this amount  

Everyone wants in. This cap will be reached easily in the first 30 minutes. TheDAO rises half of this amount and Ethereum was like 36x cheaper back then, so in terms of ETH collected TheDAO has risen even more.

You should look at USD price, not at quantity of ETH.


..i'm saying this, but i'm going to invest in this ico, just to clarify  

Most people do not look at USD price. We simply hold some amount of ETH and will invest some of it no matter if the price is X or Y. Someone decided to send 50 ETH, someone 5 and someone 500 and how it is priced that day is not that important. I think devs understand that and that's why it is capped in ETH and not in USD.

actually if 1 eth is $6 usd vs 1 eth being $364 usd is a huge difference and people look at the price in USD...If 1 eth is $50,000 usd would Bancor still ask for $500 per coin? Is 1 of their coin worth $500 usd then...

This 100 per eth ratio is not smart move for investors. It needs to be at least 500 - 1000 while ethereum is trading at $360 usd. Buying in a 50 cents and below is not bad.. it is not smart to price these coins so high at $3.60 USD initially because investors can get burned. You should be looking out for investors because you will be able to fund yourself the same rather or not you give out 100 coins vs 500 per eth.

1 BNT = 3.5$ (350 Mil. USD market Cap) looks like a good deal only for Bancor team to buy in ICO themselves and dump on sheep for quick money.

Yes BANCOR Please justify your coin being worth $3.60 USD each. You are not giving investors a good deal at $3.60 per coin. You can raise same amount of cash and have same amount of coins in circulation if you gave investors 500-1000 coins per ethereum vs 100 per eth. And you could limit investment risk. A good ratio would be 50 cents per coin anything over that is simply greed and risky investment and not a smart move for a crowdsale. The crowdsale manager already shows he is not smart about finding a common ground for investors and the company. It favors the company vs the shareholder.

Well it kind of says it right here in the post title. The dev team apparently have some liquidity problems they need to solve and they believe the easiest way to do that is by stuffing their pockets with millions of ICO money.

[TheMilkman]

How fast do you think the 350 000 000 cap is reached?

tell me when, in crypto history, someone raised just half of this amount  

Everyone wants in. This cap will be reached easily in the first 30 minutes. TheDAO rises half of this amount and Ethereum was like 36x cheaper back then, so in terms of ETH collected TheDAO has risen even more.

You should look at USD price, not at quantity of ETH.


..i'm saying this, but i'm going to invest in this ico, just to clarify  

Most people do not look at USD price. We simply hold some amount of ETH and will invest some of it no matter if the price is X or Y. Someone decided to send 50 ETH, someone 5 and someone 500 and how it is priced that day is not that important. I think devs understand that and that's why it is capped in ETH and not in USD.

actually if 1 eth is $6 usd vs 1 eth being $364 usd is a huge difference and people look at the price in USD...If 1 eth is $50,000 usd would Bancor still ask for $500 per coin? Is 1 of their coin worth $500 usd then...

This 100 per eth ratio is not smart move for investors. It needs to be at least 500 - 1000 while ethereum is trading at $360 usd. Buying in a 50 cents and below is not bad.. it is not smart to price these coins so high at $3.60 USD initially because investors can get burned. You should be looking out for investors because you will be able to fund yourself the same rather or not you give out 100 coins vs 500 per eth.

1 BNT = 3.5$ (350 Mil. USD market Cap) looks like a good deal only for Bancor team to buy in ICO themselves and dump on sheep for quick money.

Yes BANCOR Please justify your coin being worth $3.60 USD each. You are not giving investors a good deal at $3.60 per coin. You can raise same amount of cash and have same amount of coins in circulation if you gave investors 500-1000 coins per ethereum vs 100 per eth. And you could limit investment risk. A good ratio would be 50 cents per coin anything over that is simply greed and risky investment and not a smart move for a crowdsale. The crowdsale manager already shows he is not smart about finding a common ground for investors and the company. It favors the company vs the shareholder.

It is 3,8 USD today.
It was 2,5 USD if you bought via Bitcoinsuisse.
Instant profit.