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

[BitPotus]

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

they don't care.

they busy spending it all on cocaine and lambos.

[TimeHacker]

So the KICKICO's ICO is over... do you know when do they plan to actually create their smart token on Bancor network?
That should also increase the Bancor price, at least slightly I guess.

[Dvd1989]

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

they don't care.

they busy spending it all on cocaine and lambos.

Stop spreading FUD please. Team is hard at work creating something very special.

[Dvd1989]

So the KICKICO's ICO is over... do you know when do they plan to actually create their smart token on Bancor network?
That should also increase the Bancor price, at least slightly I guess.

This is up to KICKICO I guess. This may take a while. Stox also launched their ICO using the Bancor protocol, but didnt launch the Bancor Network Token yet either (afaik).

[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

they don't care.

they busy spending it all on cocaine and lambos.

Im not thinking like you
Just we need some updates and working product sample. Or something like that.
Im not expecting a profit now but im expecting at least 100 bnt equals to 1 eth which is in btc base 50% loss

[Razaberry]

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.

Actually, the dumping whale would pay for it more than anyone. Bancor's pricing mechanism takes into account the price difference created by each trade, which means the whale would pay for the drop in price in terms of their return, resulting in a huge disincentive to manipulate.

[Razaberry]

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...

We are active here. I respond whenever I see something that requires a response.

[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.

Actually, the dumping whale would pay for it more than anyone. Bancor's pricing mechanism takes into account the price difference created by each trade, which means the whale would pay for the drop in price in terms of their return, resulting in a huge disincentive to manipulate.

I really don't want to be rude here, but you need to look up what an incentive and a disincentive is. The whale makes money. He is incentivized to do it. He, in effect, gets decreasing returns as when you dump a load of Bancor backed coins at once the price adjusts (the equation is in the whitepaper), but still makes money. He is incentivized to dump.

You are creating a nonsensical hypothetical where the whale could have sold his entire stack at exactly the market rate. First, that doesn't exist in normal coins either. When you dump a huge stack of an asset you typically get decreasing returns, just like Bancor gives you in-effect. Second, Bancor backed coins can be traded on the open market, so nothing prevents the whale from treating it like a normal coin anyways. Finally this whole hypothetical revolves around the single scenario where a pumper can lose money. You apparently think it is impossible for a pumper to lose money. It is a good thing it isn't. The Bancor model incentivizes pumping and dumping enough already.

[esbrave789]

Guys i am very interested in this coin, but can anyone give me some directions how to start with it? I dont have any coins to swap.How do i Mine it? Can i use GPU-s? And which pool do you recommend? Please!"

[mylabs01]

Guys i am very interested in this coin, but can anyone give me some directions how to start with it? I dont have any coins to swap.How do i Mine it? Can i use GPU-s? And which pool do you recommend? Please!"

do you really want to mine it? or just want to purchase it? i think purchasing is a lot easy..
check this and you will see the markets of BNT of which you can buy to.

[HitTheLow]

BNT will be next ethereum for 2018. This will be the deal.

[turbulence]

BNT will be next ethereum for 2018. This will be the deal.

have gut feeling myself that this will rise a lot

[xsaints128]

Guys i am very interested in this coin, but can anyone give me some directions how to start with it? I dont have any coins to swap.How do i Mine it? Can i use GPU-s? And which pool do you recommend? Please!"

You can easily buy it from Bittrex.

[dan_johns]

Check out the recent messages from Guy Benartzi on Telegram... Looks like Web3 Protocol integration went live today!!! You can easily buy Bancor from web3 protocol wallets now (e.g., parity) directly from Bancor..

Guy: "Folks... We have a little surprise for you. UX is starting to roll out. Still a few kinks and only BNT activated at the moment for easy buy and sell, but Web3 integration is live! We will do a formal blog post about it on the 21st. And of course this is just the beginning of many rapid product iterations to come, but we now have a base we are comfortable working off of with real tokens on MainNet using Bancor protocol.
But in the meantime, any volunteers want to help test it out and share your thoughts?
app.bancor.network"

As for next steps...
Guy: "We will add smart tokens and token changers to the UX as they activate. Next major milestone, self service creation and APIs."

[HitTheLow]

Check out the recent messages from Guy Benartzi on Telegram... Looks like Web3 Protocol integration went live today!!! You can easily buy Bancor from web3 protocol wallets now (e.g., parity) directly from Bancor..

Guy: "Folks... We have a little surprise for you. UX is starting to roll out. Still a few kinks and only BNT activated at the moment for easy buy and sell, but Web3 integration is live! We will do a formal blog post about it on the 21st. And of course this is just the beginning of many rapid product iterations to come, but we now have a base we are comfortable working off of with real tokens on MainNet using Bancor protocol.
But in the meantime, any volunteers want to help test it out and share your thoughts?
app.bancor.network"

As for next steps...
Guy: "We will add smart tokens and token changers to the UX as they activate. Next major milestone, self service creation and APIs."

Are we ready for the moon?

[Dvd1989]

Check out the recent messages from Guy Benartzi on Telegram... Looks like Web3 Protocol integration went live today!!! You can easily buy Bancor from web3 protocol wallets now (e.g., parity) directly from Bancor..

Guy: "Folks... We have a little surprise for you. UX is starting to roll out. Still a few kinks and only BNT activated at the moment for easy buy and sell, but Web3 integration is live! We will do a formal blog post about it on the 21st. And of course this is just the beginning of many rapid product iterations to come, but we now have a base we are comfortable working off of with real tokens on MainNet using Bancor protocol.
But in the meantime, any volunteers want to help test it out and share your thoughts?
app.bancor.network"

As for next steps...
Guy: "We will add smart tokens and token changers to the UX as they activate. Next major milestone, self service creation and APIs."

Are we ready for the moon?

Buckle up! Also, when the ICON project is launched on the Bancor protocol, it's about the get real!

[anahata]

Check out the recent messages from Guy Benartzi on Telegram... Looks like Web3 Protocol integration went live today!!! You can easily buy Bancor from web3 protocol wallets now (e.g., parity) directly from Bancor..

Guy: "Folks... We have a little surprise for you. UX is starting to roll out. Still a few kinks and only BNT activated at the moment for easy buy and sell, but Web3 integration is live! We will do a formal blog post about it on the 21st. And of course this is just the beginning of many rapid product iterations to come, but we now have a base we are comfortable working off of with real tokens on MainNet using Bancor protocol.
But in the meantime, any volunteers want to help test it out and share your thoughts?
app.bancor.network"

As for next steps...
Guy: "We will add smart tokens and token changers to the UX as they activate. Next major milestone, self service creation and APIs."

Are we ready for the moon?

Buckle up! Also, when the ICON project is launched on the Bancor protocol, it's about the get real!

So what the are harping about? Only Bancor activated (which is their own token anyway), and still few kinks left, really? And what do you means by 'looks like'? Is it live or not live, there's no looks like in this. Either it should be working or not working. Better not to harp unless you have a stable product.

[BitGold!]

how to participate in Twitter and Facebook bounty?

[sud]

how to participate in Twitter and Facebook bounty?

There is no twitter/facebook bounty atm, but go to https://app.bancor.network/discover and check BNT Ambassador Bounty 2.0 (online one). If you meet the requirements and be approved, you will get tokens for your posts on Bitcointalk, Facebook or Reddit and for retweets. Just make sure your posts are about current events/developement of Bancor project. GL!

[pumz]

That is really big news about web3 going live. Once the remaining work on UX is done after fixing some minor kinks all will be available fully functional. People who were keep buying and are buying at these price will be enjoying sooner. I think we reaching to that phase when market will begin to react to these developments finally.