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Author Topic: [ANN] Bancor | Protocol for Smart-tokens, solving the liquidity problem  (Read 367589 times)
moonchaser
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June 12, 2017, 05:24:04 PM
 #2201

somebody needs to add bancor to this list on wikipedia..

it just became the largest crowd fund in history..

should get some good press tonight, tomorrow, later this week.

h t t p s :/ / e n.wikipedia.org/wiki/List_of_highest_funded_crowdfunding_projects
The largest crap. Even their math is not good.
"396.7M BNT FUNDRAISER TOKEN ALLOCATION
396,720 ETH RAISED" Thats what is written on their homepage
At 100 BNT per ETH, 396,720 ETH are 39.672.000 BNT
39.67 Mil, not 396.7M BNT

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June 12, 2017, 05:24:34 PM
 #2202

What you guys thinks about this ?
https://www.reddit.com/r/ethereum/comments/6gszuw/bancor_can_create_bnt_anytime_they_want_for_no/

--

Bancor can create BNT anytime they want for no cost

function issue(address _to, uint256 _amount)
    public
    ownerOnly
    validAddress(_to)
    notThis(_to)
{
    totalSupply = safeAdd(totalSupply, _amount);
    balanceOf[_to] = safeAdd(balanceOf[_to], _amount);

    Issuance(_amount);
    Transfer(this, _to, _amount);
}
https://etherscan.io/address/0x1f573d6fb3f13d689ff844b4ce37794d79a7ff1c#code

BNT owner is ico contract https://etherscan.io/address/0xbbc79794599b19274850492394004087cbf89710

ico contract owner is bancor https://etherscan.io/address/0x51a3ac2399c89ffa893b0f627c740c05193875a6
moonchaser
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June 12, 2017, 05:25:28 PM
 #2203

The founders and pre-investors literally became paper muti-millionaires with just an idea.

That's your take. Mine is that bancor just gave ethereum a huge push (like it needed it).
Time will tell.
Just a bunch of fucking idiots. The NO Cap went from 1 hour to 3 hours, and they locked the slack, in the middle of the Ico.
Cunts!

Then dump your bnt if you bought it for your .01 eth. If you didn't buy any wtf do you care?
I bought, you idiot! That doesn t mean, that they are not CRAP.
Are you a cheerleader, or what the fuck ?

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bitcircle
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June 12, 2017, 05:28:07 PM
 #2204

anyone who went through Bitcoin Suisse receive their BNT?

All participants will receive their BNT for sure who invest through that site. This is biggest ICO it is nice to make it on right time my transaction got confirmed into 1st hour there. I believe this will be more big when it will any exchange.
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June 12, 2017, 05:29:15 PM
 #2205

The founders and pre-investors literally became paper muti-millionaires with just an idea.

That's your take. Mine is that bancor just gave ethereum a huge push (like it needed it).
Time will tell.
Just a bunch of fucking idiots. The NO Cap went from 1 hour to 3 hours, and they locked the slack, in the middle of the Ico.
Cunts!

Then dump your bnt if you bought it for your .01 eth. If you didn't buy any wtf do you care?
I bought, you idiot! That doesn t mean, that they are not CRAP.
Are you a cheerleader, or what the fuck ?

Calm down, dump it at your first opportunity and get your eth back, and move on. Crying like little bitch isn't going to do anything but get yourself more upset because nobody gives a shit about your ranting.
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June 12, 2017, 05:31:21 PM
 #2206

I think the DDOS attack is a bless in disguise for BANCOR, I don't think they would have raised this much in one hour, what an irony

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Shahrul09
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June 12, 2017, 05:31:53 PM
 #2207


For anyone fudding this project, you don't understand it. For one, it is virtually impossible for the price to sink below buy in of .01 ethereum. So stick a sock in it.

Sorry. But it's you who doesn't appear to understand regular equity structures. You've handed over $148 million for a piece of blue-sky hopium. Under a normal ICO practice you'd still have a stake in that $148 million which would be effectively 'backing' your meta tokens. Under blockchain cross-your-fingers practice you've got nothing. (Which is why these ICO's would be illegal under regular circumstances and probably soon will be even in 'hopium' environments).

They have a working product.
And you really didnt understand the concept let alone read the WP?
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June 12, 2017, 05:32:31 PM
 #2208

Weired that the value just dropped:

https://etherscan.io/address/0x5894110995b8c8401bd38262ba0c8ee41d4e4658
moonchaser
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June 12, 2017, 05:32:38 PM
 #2209

The founders and pre-investors literally became paper muti-millionaires with just an idea.

That's your take. Mine is that bancor just gave ethereum a huge push (like it needed it).
Time will tell.
Just a bunch of fucking idiots. The NO Cap went from 1 hour to 3 hours, and they locked the slack, in the middle of the Ico.
Cunts!

Then dump your bnt if you bought it for your .01 eth. If you didn't buy any wtf do you care?
I bought, you idiot! That doesn t mean, that they are not CRAP.
Are you a cheerleader, or what the fuck ?


Calm down, dump it at your first opportunity and get your eth back, and move on. Crying like little bitch isn't going to do anything but get yourself more upset because nobody gives a shit about your ranting.
I am not ranting, you little fuck. I was describing the Ico facts, until you showed up.
So piss off. It s a forum to discuss things, you moron.

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June 12, 2017, 05:33:35 PM
 #2210

I've done this meme and it's happen: D


 
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duke944
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June 12, 2017, 05:34:15 PM
 #2211

I think the DDOS attack is a bless in disguise for BANCOR, I don't think they would have raised this much in one hour, what an irony

The extra 150m collected is going to give a buy wall from hell for whales who want to dump it below ico price and scare little fish off so they can pump it later. This will be a very interesting coin to watch that's for sure. I see only one direction, that is up.
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June 12, 2017, 05:34:39 PM
 #2212

What you guys thinks about this ?
https://www.reddit.com/r/ethereum/comments/6gszuw/bancor_can_create_bnt_anytime_they_want_for_no/

--

Bancor can create BNT anytime they want for no cost

function issue(address _to, uint256 _amount)
    public
    ownerOnly
    validAddress(_to)
    notThis(_to)
{
    totalSupply = safeAdd(totalSupply, _amount);
    balanceOf[_to] = safeAdd(balanceOf[_to], _amount);

    Issuance(_amount);
    Transfer(this, _to, _amount);
}
https://etherscan.io/address/0x1f573d6fb3f13d689ff844b4ce37794d79a7ff1c#code

BNT owner is ico contract https://etherscan.io/address/0xbbc79794599b19274850492394004087cbf89710

ico contract owner is bancor https://etherscan.io/address/0x51a3ac2399c89ffa893b0f627c740c05193875a6


Lol that the concept.
Bnt is unlimited, it can be created when ppl want to buy, hence increase it price
Destroyed when liquidate, hence decrease the price.

Read the fcking whitepaper
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June 12, 2017, 05:35:49 PM
 #2213

That's because ETH price just comes crashing down.
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June 12, 2017, 05:36:08 PM
 #2214


No.  Ethereum price dropped.

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June 12, 2017, 05:36:42 PM
 #2215

So basicaly , if the cap is 100mil $ what do they do with the surplus ?
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June 12, 2017, 05:36:51 PM
 #2216

I believe Bancor crashed BTC.  I had a short position so it works for me, but I didn't expect this much.
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June 12, 2017, 05:37:24 PM
 #2217




Guys you should calm down here. To much anger...  Undecided

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June 12, 2017, 05:37:33 PM
 #2218

somebody needs to add bancor to this list on wikipedia..

it just became the largest crowd fund in history..

should get some good press tonight, tomorrow, later this week.

h t t p s :/ / e n.wikipedia.org/wiki/List_of_highest_funded_crowdfunding_projects
The largest crap. Even their math is not good.
"396.7M BNT FUNDRAISER TOKEN ALLOCATION
396,720 ETH RAISED" Thats what is written on their homepage
At 100 BNT per ETH, 396,720 ETH are 39.672.000 BNT
39.67 Mil, not 396.7M BNT

Yea I saw this too! it should be 39.67 Mil coins...not 396.7 Mil...wtf
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June 12, 2017, 05:38:04 PM
 #2219

So basicaly , if the cap is 100mil $ what do they do with the surplus ?

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/the-community-of-the-currency-9770087fde17
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June 12, 2017, 05:39:13 PM
 #2220

Will the be price higher on exchange now??

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