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

[alexi8]

hmm...a delay...but when this will go out it will be a game changer..

yep, worth waiting!

[1715616710]

1715616710

[Shahrul09]

Dear community!

It's been a busy day at Bancor with big developments and decisions.

We've decided to delay the announcement of the token launch event details, and maybe the token launch date itself by a few weeks, due to a few main considerations, that we hope you'll find exciting.

1. We have received interest from a few highly relevant advisors, world renowned experts in their fields, to join our team and advisory board in very significant capacities. We want to bring these agreements to conclusion and share them with you in order to complete the picture of the full scope of the project and its guidance counsel.

2. We hear you loud and clear regarding the need for more streamlined and digestible messaging and content to share with you, your networks and the world. We've heard this from all corners of the globe and are in process of creating the relevant materials. We agree that this would be very helpful in making sure as many people as possible understand and appreciate the innovation and opportunity in the Bancor protocol, token and product, and that this is an essential first step before then unpacking the token launch event details.

3. Because the BANCOR token is the Genesis smart token, it operates slightly differently (and with profound implications) than tokens that have launched before. This means we're taking extra time to onboard all the relevant service providers and stake holders to make sure everyone in the process deeply understands the new dynamics and can build the most appropriate structures for contributors and users accordingly. It also means we want to double and triple verify that the structures achieve the desired incentive alignment to ensure the maximum success of the model, including all edge cases, so that Bancor can achieve its goal of creating a sound liquidity solution for years to come. We want to give these processes a few more cycles to complete, and there has been much to learn from over recent weeks.

It is with tremendous respect that we thank you for all your great questions so far, as they've certainly helped us hone in and refine the solution. We hope we can reward you with tokens of our appreciation )

In the meantime we ask for your patience as we announce further updates this week, in regards to the new advisors, detail and launch timelines, and some really solid partnerships that have been in the works. We really can't wait to share.

With love and liquidity,
The Bancor team

So the ICO date gonna get pushback ?
No exact date also?

[MoneroMooo]

the system works very well. a couple of friends have had a problem in the entrance. but now everyone is slowly learning the system.

I guess it still could not be corrected the error in the browser Yandex.
people attending social media campaigns nice to have a real advantage.

[orpel]

So how long you are going to delay the ICO?

Keep in mind that this kind of a delay can make people think that this project is not so serious as we thought it is.

I really hope we will get some good news and new ICO date shortly in order to keep the project hype on high levels.

[majestymage]

maybe this delay has to do with the network issues that were experienced few days ago? i hope not

[thew3apon]

there are minor faults in the system application . In new things but all the little problems could arise .

[whatsTheDeal]

maybe this delay has to do with the network issues that were experienced few days ago? i hope not

my bet is they closed some interesting deal in the east, look at their twitter

[RAGEmond]

So how long you are going to delay the ICO?

Keep in mind that this kind of a delay can make people think that this project is not so serious as we thought it is.

I really hope we will get some good news and new ICO date shortly in order to keep the project hype on high levels.

As they wrote in their information the decision for the delay was given and has a positive reason and not any failure or problems .. I'm sure they were ready but they gained important information and new things which they wanted to release with the ico release and thats why they postponed it just check their message again:

[..] due to a few main considerations, that we hope you'll find exciting

1. We have received interest from a few highly relevant advisors, world renowned experts in their fields, to join our team and advisory board in very significant capacities. We want to bring these agreements to conclusion [...] which needs time and cannot be done in minutes which shows very professional handling

2. We hear you loud and clear regarding the need for more streamlined and digestible messaging and content to share with you, your networks and the world. [...]We agree that this would be very helpful in making sure as many people as possible understand and appreciate the innovation and opportunity in the Bancor protocol, token and product, and that this is an essential first step before then unpacking the token launch event details. -> they want to make things clearer before releasing information .. realising that people which are not working with it all days are not understanding everything as easy as they do which they want to improve first.

3. [...] This means we're taking extra time to onboard all the relevant service providers and stake holders to make sure everyone in the process deeply understands the new dynamics and can build the most appropriate structures for contributors and users accordingly. It also means we want to double and triple verify that the structures achieve the desired incentive alignment to ensure the maximum success of the model, including all edge cases, so that Bancor can achieve its goal of creating a sound liquidity solution for years to come. [...] -> they don't want to bring it out as fast as possible but as good as possible which again shows that they are not in a hurry but they want to do everything to release a good and stable product which is well considered and checked multiple times.

All in all they are far ahead of many other projects, their team and their handling with the community and all the people around Bancor shows that they are very professional and will bring out a new blockbuster to crypto.

[monarx911@i.ua]

I understand that you need to write a total of eight messages in the first week? in the future, you do not need? Bounty is very well thought out, I hope the project will be even better! I wish good luck to developers! I will be sure to take part ico

[thew3apon]

to update the website has been very good . Ico is also nice as I hope .

[modsa]

Delay...interesting people were big expectation about this project and so i do..

[bitcoinsay]

Does anyone have information about which date delayed?

[whatsTheDeal]

So how long you are going to delay the ICO?

Keep in mind that this kind of a delay can make people think that this project is not so serious as we thought it is.

I really hope we will get some good news and new ICO date shortly in order to keep the project hype on high levels.

As they wrote in their information the decision for the delay was given and has a positive reason and not any failure or problems .. I'm sure they were ready but they gained important information and new things which they wanted to release with the ico release and thats why they postponed it just check their message again:

[..] due to a few main considerations, that we hope you'll find exciting

1. We have received interest from a few highly relevant advisors, world renowned experts in their fields, to join our team and advisory board in very significant capacities. We want to bring these agreements to conclusion [...] which needs time and cannot be done in minutes which shows very professional handling

2. We hear you loud and clear regarding the need for more streamlined and digestible messaging and content to share with you, your networks and the world. [...]We agree that this would be very helpful in making sure as many people as possible understand and appreciate the innovation and opportunity in the Bancor protocol, token and product, and that this is an essential first step before then unpacking the token launch event details. -> they want to make things clearer before releasing information .. realising that people which are not working with it all days are not understanding everything as easy as they do which they want to improve first.

3. [...] This means we're taking extra time to onboard all the relevant service providers and stake holders to make sure everyone in the process deeply understands the new dynamics and can build the most appropriate structures for contributors and users accordingly. It also means we want to double and triple verify that the structures achieve the desired incentive alignment to ensure the maximum success of the model, including all edge cases, so that Bancor can achieve its goal of creating a sound liquidity solution for years to come. [...] -> they don't want to bring it out as fast as possible but as good as possible which again shows that they are not in a hurry but they want to do everything to release a good and stable product which is well considered and checked multiple times.

All in all they are far ahead of many other projects, their team and their handling with the community and all the people around Bancor shows that they are very professional and will bring out a new blockbuster to crypto.

I wonder what news they have for us

[rgornik]

Dear community!

It's been a busy day at Bancor with big developments and decisions.

We've decided to delay the announcement of the token launch event details, and maybe the token launch date itself by a few weeks, due to a few main considerations, that we hope you'll find exciting.

1. We have received interest from a few highly relevant advisors, world renowned experts in their fields, to join our team and advisory board in very significant capacities. We want to bring these agreements to conclusion and share them with you in order to complete the picture of the full scope of the project and its guidance counsel.

2. We hear you loud and clear regarding the need for more streamlined and digestible messaging and content to share with you, your networks and the world. We've heard this from all corners of the globe and are in process of creating the relevant materials. We agree that this would be very helpful in making sure as many people as possible understand and appreciate the innovation and opportunity in the Bancor protocol, token and product, and that this is an essential first step before then unpacking the token launch event details.

3. Because the BANCOR token is the Genesis smart token, it operates slightly differently (and with profound implications) than tokens that have launched before. This means we're taking extra time to onboard all the relevant service providers and stake holders to make sure everyone in the process deeply understands the new dynamics and can build the most appropriate structures for contributors and users accordingly. It also means we want to double and triple verify that the structures achieve the desired incentive alignment to ensure the maximum success of the model, including all edge cases, so that Bancor can achieve its goal of creating a sound liquidity solution for years to come. We want to give these processes a few more cycles to complete, and there has been much to learn from over recent weeks.

It is with tremendous respect that we thank you for all your great questions so far, as they've certainly helped us hone in and refine the solution. We hope we can reward you with tokens of our appreciation )

In the meantime we ask for your patience as we announce further updates this week, in regards to the new advisors, detail and launch timelines, and some really solid partnerships that have been in the works. We really can't wait to share.

With love and liquidity,
The Bancor team

So the ICO date gonna get pushback ?
No exact date also?

Lately many ICOs are delayed. Tezos and SONM and Air are just some examples. So wait for more news, better to be well-prepaired

[matsud2]

What are the differents between BNCZUK and BNCHDL token?

[Motivator]

Please partner with WINGS.AI 

[Razaberry]

when tokens are traded on the exchange relative to BTC, understandable pricing mechanism. is the flagship and the others were compared. Here, we propose the creation of crosscourse. Prices will be based on courses that are on the exchanges? If so , then not all tokens are liquid and the prices of some are very different in the exchanges, will average?

The network will only work with tokens which are received by smart contracts on everyone, crosscourse to zec, litecoin, Dash will not be used? what will happen to the tokens of other platforms different from etherium?

If I understand you're question correctly, you're asking how the inevitable price differences between smart tokens internal prices & their prices on exchanges.

The answer is the same as the solution to price differences between exchanges: arbitrage bots. When there is profit to be made by a difference in price, these bots automatically come and make trades until they've evened out the prices (and so it is no longer profitable).

To be clear: smart tokens' contracts can buy/sell themselves. No second party needed. That is how every single currency on the network can be fully liquid from day one.

[BlackMike]

I saw only 0.2% will be given for all bounty tasks. Isn't it a bit low? Any info to read about that?

lets say they raise 12millions, 0.2% would be 24k doesn't seem too low for me

also each section has it's own %. translation gives 0.1% , bug section 0.5%

you can read everything about it here:

https://app.bancor.network/discover

just click on the section and read the given information there

CORNEL, RAGEmond, whatsTheDeal thanks a lot for the info, I'll look into it.

[graviteta]

Bounty camps still continue? i am using bancor signature and avatar.

[RAGEmond]

What are the differents between BNCZUK and BNCHDL token?

each bounty campaign has it's own tokens.

Head over to: https://app.bancor.network/discover and read each bounties ABOUT page for necessary information.

Bancor Social Media Bounty Program - All Zuks = 0.2% of the total supply of BANCOR at the end of the ICO

Bancor Bitcointalk Signature Bounty Program - All Hodls = 0.2% of the total supply of BANCOR at the end of the ICO

Bancor Translation Bounty Program - All Lingos = 0.1% of the total supply of BANCOR at the end of the ICO

Content Creation Bounty Program - All Shakespears = 0.2% of the total supply of BANCOR at the end of the ICO

Bancor Bug Bounty Program - All ECoins = 0.5% of the total supply of BANCOR at the end of the ICO and will be distributed continuously over the course of the next 2 years of bug discoveries

Which means all in all they invest 1.2% of the ICO for bounties.

To be able to manage everything and don't have a huge mess and problems like in other project's bounties they have separated bounties into categories with their custom tokens .. all will be changed to BANCOR-Tokens at the end of bounties.

See: Q. How will my Hodls become BANCOR tokens?
A. At the end of the ICO, 0.2% of the total BANCOR supply will be sent to the "Reserve" of the Hodl Smart Token with a CRR set to 100%. This means any Hodls holder will be able to instantly convert their Hodls to BANCOR. In the background, what happens is that the Hodls are send to its Smart Contract, which destroys the Hodls and pulls our BANCOR from the Hodls reserve according to the Hodl/BANCOR price. For information on CRR and how smart token works, read the Whitepaper or visit our FAQ.


This applies for all custom bounty tokens Hodls / Lingos / Shake's / ECoins and Zuk.