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

[Shahrul09]

Bancor team must have done a real good job with their marketing selling this idea and this not practical in real life, even the team can't support the floor they promised, unless something indeed changed quickly, this might be one of the ICO project to go under

The platform not even go live yet you can already foreseen the future. Stop using time machine and crystal ball my friend.


And tye price floor contract work as intended, nobody said it will last forever.
Read about the function and why they put it.

https://blog.bancor.network/price-floor-in-action-and-as-a-solution-ffa717ca906e

[dan_johns]

As you all know, the team behind Bancor has developed a ground-breaking protocol for providing liquidity to tokens on the Ethereum blockchain through the use of currency reserves.

This amazing concept has been noticed by many teams, including Sharpe Capital, the UK based investment fund that uses a proof-of-stake and proof-of-reputation crowdsourcing sentiment platform, and quantitative trading model to achieve better risk-adjusted returns than traditional funds. Sharpe Capital aims to be the new gold standard for hedge fund management, leveraging blockchain technology to provide low barrier to entry, high liquidity, anonymity, anti-corruption mechanisms and international access.

Sharpe Capital is creating a full blown smart token on the Bancor network, and is putting substantial reserves into BNT.

Join the Sharpe Capital Telegram channel here, and ask the founders Lewis and James any questions here: https://t.me/sharpecapital

[MAFTRADER]

anyone know the token price ?

[hush]

anyone know the token price ?

What price do you want to know current price or ICO? It was dealt in Eth and price was 100 BNT=1ETH but now this is very cheap to pick some up if you are interested in this.

[dan_johns]

The ground-breaking protocol for providing liquidity to tokens on the Ethereum blockchain provided by Bancor is shaping the future of new altcoins.
 
KickCity, a synthesis of Facebook and Slack on Blockhain, is one of the many coins that will embrace the Bancor protocol, which means that the market participants will always be able to liquidate or purchase tokens without having to find a counterparty to buy or sell the tokens.
 
KikCity will basically create Blockchain value communities that will allow for exchange of information and value simultaneously. They are having a presale on 4th October 2017, so if you want to learn more about them and their team, make sure to visit their Telegram Channel: https://t.me/kickcity_chat

[TimeHacker]

After reading how the whole Bancor system works, I would say that with so many partnerships that were announced, if all the tokens are really launched on top of the Bancor platform the Bancor price simply must raise.
The launch dates of the tokens are however spread within few weeks to months from now, so it might take a bit of time.

[T.Stuart]

what good news on a roadmap? I know that I became partners with kickico, and what else will happen?

[kosaet]

Bancor team, how will you vote in the dcorp holder token unlock in october?

[T.Stuart]

anyone know the token price ?

What price do you want to know current price or ICO? It was dealt in Eth and price was 100 BNT=1ETH but now this is very cheap to pick some up if you are interested in this.

now a good price to buy, bancor is good as a long-term investment, it solves the problem of liquidity

[cleverhope]

After reading how the whole Bancor system works, I would say that with so many partnerships that were announced, if all the tokens are really launched on top of the Bancor platform the Bancor price simply must raise.
The launch dates of the tokens are however spread within few weeks to months from now, so it might take a bit of time.

Agree with you. The idea of the project is cool. But from where did you get news about few weeks or month?

[Karl_Marx]

Bancor is simply free money. Of has over a 100 million usd in Development Funds on the bank and its not even top 50.

It's gonna be top 10 in 2 years for sure.  There won't be many more ICO that will raise 100 million+.

[Razaberry]

Is of even possible for bnt to rise? I guess it's impossible due to the selling and buying of the smart contract at fixed price? It's closely connected to ETH price.

Not sure where you got the idea that there's a fixed price. You can see the price change with every buy and sell at https://www.bancor.network/bnt

[Dvd1989]

Is of even possible for bnt to rise? I guess it's impossible due to the selling and buying of the smart contract at fixed price? It's closely connected to ETH price.

Not sure where you got the idea that there's a fixed price. You can see the price change with every buy and sell at https://www.bancor.network/bnt

Maybe he refers to the buyback wall of 1 eth per 100 BNT. Unfortunately, that buyback wall has been gone for weeks now..

[RoosterRed]

Here is a good article I wrote on the Bancor coin/platform: https://steemit.com/scams/@roosterred/why-bancor-unless-it-changes-will-be-pump-and-dump-nightmare-for-investors
It has positive and negatives.

[TeraBite]

Bancor is simply free money. Of has over a 100 million usd in Development Funds on the bank and its not even top 50.

It's gonna be top 10 in 2 years for sure.  There won't be many more ICO that will raise 100 million+.

This is long term project I also invested into this project because it had so high hype at the time of ICO as Tim Draper invested into this project. I believe it will bounce back very soon.

https://blog.bancor.network/tim-draper-invests-in-bancor-2a70ee414df1

[Dvd1989]

Here is a good article I wrote on the Bancor coin/platform: https://steemit.com/scams/@roosterred/why-bancor-unless-it-changes-will-be-pump-and-dump-nightmare-for-investors
It has positive and negatives.

Doesnt the whole idea of Bancor make it a project that cannot easily suffer from Pump and Dump? The Price Discovery makes sure the contract price is pretty stable in my opinion.

[RoosterRed]

Read

Here is a good article I wrote on the Bancor coin/platform: https://steemit.com/scams/@roosterred/why-bancor-unless-it-changes-will-be-pump-and-dump-nightmare-for-investors
It has positive and negatives.

Doesnt the whole idea of Bancor make it a project that cannot easily suffer from Pump and Dump? The Price Discovery makes sure the contract price is pretty stable in my opinion.

Read the article. It is the opposite. Changes in the spread between the contract price and the trading price can help you identify pumping done by trading between fake parties, but there is no reason why you would resort to trading between fake parties in a Bancor backed coin. It is algorithmic. Buy from the contract and the price goes up. Convince people to buy more than you did and you get immediate, risk free profit. You can get dumped on by whales in the market, but your losses are still less than with normal coins, and everyone else, sans the whale, loses along with you.

[Okuzgozu]

I bought bancor during ico and i invest nearly 6 btc now it is around 2.5 btc.
I really like the project but this value is killing me. At least first we should hit 0.01 eth per coin. But its just getting far away from this rate

[Xandan]

You should be flexible with development time roughly 6 months should be added to get profit on your investment in any project. This is phase when except couple of projects every major project is being traded under ICO but good thing is development is going on. You can expect in another couple of months reward for patience and holding from this as well.

[bitkolik]

When will be main update?
Members of this team should consider to increase activity here, protect your investors.
I'm interested in this story, but I don't feel comfortable when I see low activity on Bitcointalk. Keep in mind some members won't join slack. If you have page on Bitcointalk use it, else you won't look professional...