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

[JesusCryptos]

The first blockchain killer app is the ability for a new project to create an ecosystem of engaged supporters beyond the team. Bancor is grateful to be among the largest Token Generation Events of 2017, delivering the 1st liquidity network for crypto.
http://uk.businessinsider.com/the-10-biggest-ico-fundraises-of-2017-2017-12/#3-the-bancor-protocol-153-million-8

As it has been predicted, Bancor is becoming a standard, it is getting adopted by default by every new ambitious project. Once this will achieve a critical mass, the implications for Bancor's value will be mind-boggling!

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[ivaf]

If you want to be aware of events in Bancor, you can subscribe to their newsletter:

We’ve collected our most significant updates from the last month and want to share these with the community. Join our newsletter to get recap of the recent developments at Bancor: https://docs.google.com/forms/d/e/1FAIpQLScr-5XCQ0xrCTEepC5F_-mt6lWGa-BY7xlylIGmm6V9Ui36PQ/viewform

I've already done it.

[CryptoRobert]

   guys, this is good coin but we have to keep in mind that there are competitors like kyber, 0x, airswap etc that's why everything can happen, though I hope for a sustainable growth too 

I am afraid that if you consider kyber, 0x, airswap to be competitors of bancor you may have not understood how Bancor really works. I'd recommend you to read the Bancor whitepaper.

[matthewtherry]

Hi guys! Can someone tell me in few words what is the final intent of bancor? I follow this coin since Ico but I really don't completely understand how it works.

[Andre86]

Will bancor moon like ETH?
That seem so possible seeing how shit coin can jump and moon

This is not a very clever assessment. Shitcoins get pumped & dumped again and again. Bancor has its protocol preventing these things to be done easily, so there is less speculation on Bancor. This means Bancor's prices will rise slower, but steadier and for a good reason and when they'll do 10X they will probably never go back down.

BNT is traded on several exchanges, every coin which is traded on exchanges can be pumped and dumped. It's all about ask/bid and demand. But I share your opinion that this coin is a good long-term investment and that's the reason why I invested in this coin.

[sud]

Will bancor moon like ETH?
That seem so possible seeing how shit coin can jump and moon

This is not a very clever assessment. Shitcoins get pumped & dumped again and again. Bancor has its protocol preventing these things to be done easily, so there is less speculation on Bancor. This means Bancor's prices will rise slower, but steadier and for a good reason and when they'll do 10X they will probably never go back down.

BNT is traded on several exchanges, every coin which is traded on exchanges can be pumped and dumped. It's all about ask/bid and demand. But I share your opinion that this coin is a good long-term investment and that's the reason why I invested in this coin.

Well, it's true about many exchanges, but it is harder to change price of BNT since you can always arbitrage it using Bancor Network to buy/sell with automated price discovery system. So it's not like any other altcoin out there, targeted by pump and dump groups.

[Andre86]

Will bancor moon like ETH?
That seem so possible seeing how shit coin can jump and moon

This is not a very clever assessment. Shitcoins get pumped & dumped again and again. Bancor has its protocol preventing these things to be done easily, so there is less speculation on Bancor. This means Bancor's prices will rise slower, but steadier and for a good reason and when they'll do 10X they will probably never go back down.

BNT is traded on several exchanges, every coin which is traded on exchanges can be pumped and dumped. It's all about ask/bid and demand. But I share your opinion that this coin is a good long-term investment and that's the reason why I invested in this coin.

Well, it's true about many exchanges, but it is harder to change price of BNT since you can always arbitrage it using Bancor Network to buy/sell with automated price discovery system. So it's not like any other altcoin out there, targeted by pump and dump groups.

That means BNT has to be backed by something, for example reserve tokens, but there has to be huge volume BNT <--> reserve tokens when big money tries to pump (and later dump). Maybe I am totally wrong but that's the way I see it.   

[ruletheworld]

Will bancor moon like ETH?
That seem so possible seeing how shit coin can jump and moon

This is not a very clever assessment. Shitcoins get pumped & dumped again and again. Bancor has its protocol preventing these things to be done easily, so there is less speculation on Bancor. This means Bancor's prices will rise slower, but steadier and for a good reason and when they'll do 10X they will probably never go back down.

BNT is traded on several exchanges, every coin which is traded on exchanges can be pumped and dumped. It's all about ask/bid and demand. But I share your opinion that this coin is a good long-term investment and that's the reason why I invested in this coin.

Well, it's true about many exchanges, but it is harder to change price of BNT since you can always arbitrage it using Bancor Network to buy/sell with automated price discovery system. So it's not like any other altcoin out there, targeted by pump and dump groups.

That means BNT has to be backed by something, for example reserve tokens, but there has to be huge volume BNT <--> reserve tokens when big money tries to pump (and later dump). Maybe I am totally wrong but that's the way I see it.   

Doesn't BNT have an ETH reserve with a reserve ratio of 20%?

[Andre86]

Will bancor moon like ETH?
That seem so possible seeing how shit coin can jump and moon

This is not a very clever assessment. Shitcoins get pumped & dumped again and again. Bancor has its protocol preventing these things to be done easily, so there is less speculation on Bancor. This means Bancor's prices will rise slower, but steadier and for a good reason and when they'll do 10X they will probably never go back down.

BNT is traded on several exchanges, every coin which is traded on exchanges can be pumped and dumped. It's all about ask/bid and demand. But I share your opinion that this coin is a good long-term investment and that's the reason why I invested in this coin.

Well, it's true about many exchanges, but it is harder to change price of BNT since you can always arbitrage it using Bancor Network to buy/sell with automated price discovery system. So it's not like any other altcoin out there, targeted by pump and dump groups.

That means BNT has to be backed by something, for example reserve tokens, but there has to be huge volume BNT <--> reserve tokens when big money tries to pump (and later dump). Maybe I am totally wrong but that's the way I see it.   

Doesn't BNT have an ETH reserve with a reserve ratio of 20%?

This article explains a lot, but I am still wondering what increases the value of BNT. Is it just a matter of ask/bid on exchanges or will the Bancor token exchanging network determine the BT price...

https://steemit.com/ethereum/@abirm/bancor-how-it-will-work-in-the-real-world

[crymoonpto10k]

Bancor's exchange sucks. Just lost $70 in ETH on a trade that didn't even go through. Would have been nice to take a look at the contract address before submitting the trade... more than half of the transactions are failing. Seems like their supplementing their solution to liquidity by keeping failed transaction fees.

[Alliipp]

Make it possible for people to see what is the hottest locally, who is the best locally.

[nanadze]

Security is our top priority! That's why we've extended the Hackme bounty campaign challenging the community to hack a Bancor account in our demo environment. Steal another user's keystore to win a secret and worthy amount of ETH & BNT!
https://app.demo.bancor.network/discover

[RitzBitzz]

Bancor's exchange sucks. Just lost $70 in ETH on a trade that didn't even go through. Would have been nice to take a look at the contract address before submitting the trade... more than half of the transactions are failing. Seems like their supplementing their solution to liquidity by keeping failed transaction fees.

1st. It is not an exchanges
Bancor liquidity network is not doing a simple transfer of token, it is more than that.
And Bancor didn’t take any txn fee from the process, all the fee go to ethereum miner.

2nd.
Don’t fucking change anything on the gas if you don’t want your txn to fail. Don’t act smart and when the txn failed blaming on the team. Lol

[RitzBitzz]

Will bancor moon like ETH?
That seem so possible seeing how shit coin can jump and moon

This is not a very clever assessment. Shitcoins get pumped & dumped again and again. Bancor has its protocol preventing these things to be done easily, so there is less speculation on Bancor. This means Bancor's prices will rise slower, but steadier and for a good reason and when they'll do 10X they will probably never go back down.

BNT is traded on several exchanges, every coin which is traded on exchanges can be pumped and dumped. It's all about ask/bid and demand. But I share your opinion that this coin is a good long-term investment and that's the reason why I invested in this coin.

Well, it's true about many exchanges, but it is harder to change price of BNT since you can always arbitrage it using Bancor Network to buy/sell with automated price discovery system. So it's not like any other altcoin out there, targeted by pump and dump groups.

That means BNT has to be backed by something, for example reserve tokens, but there has to be huge volume BNT <--> reserve tokens when big money tries to pump (and later dump). Maybe I am totally wrong but that's the way I see it.    

Erm. You can’t pump Bnt, you will regret. Try it.

You can try to manipulate and pump in exchange, but the price in smart contract will only change when real money goin in and create more Bnt. And to move the Bnt by few dollar (w/o changes in eth usd value) will take around millions of usd

Find the spreadsheet of expected price of Bnt, yes they have that, it is all formula and math, you can’t change that

[crymoonpto10k]

Bancor's exchange sucks. Just lost $70 in ETH on a trade that didn't even go through. Would have been nice to take a look at the contract address before submitting the trade... more than half of the transactions are failing. Seems like their supplementing their solution to liquidity by keeping failed transaction fees.

1st. It is not an exchanges
Bancor liquidity network is not doing a simple transfer of token, it is more than that.
And Bancor didn’t take any txn fee from the process, all the fee go to ethereum miner.

2nd.
Don’t fucking change anything on the gas if you don’t want your txn to fail. Don’t act smart and when the txn failed blaming on the team. Lol

Your first point is valid, but even still, when you are paying that much gas for a transaction you expect it to go through... and no, wasn't tinkering with the gas.

If you take your fanboy goggles off for a second, you can't sit there with a straight face and say that a liquidity mechanism that fails roughly 30% of the time while handling such a small volume (less than 4M / 24 hours) isn't flawed at its core. It is literally the opposite of solving the "liquidity problem"... its creating more problems than its solving at this point and I don't see how Bancor functions at scale when the ethereum network is already stressed. And I'm not here spreading FUD, the reason you're typing in bold is cuz the truth is hurts

[ivaf]

Meanwhile, in the Bancor network has a new partner:
Restart Energy is building a global decentralized electrical energy supply platform. An innovative token that enables electric storage joins the Bancor Network for decentralized liquidity.
https://blog.restartenergy.io/restart-energy-will-be-joining-the-bancor-network-by-integrating-the-bancor-protocol-into-its-red-dadfbe3eb431

[RitzBitzz]

Bancor's exchange sucks. Just lost $70 in ETH on a trade that didn't even go through. Would have been nice to take a look at the contract address before submitting the trade... more than half of the transactions are failing. Seems like their supplementing their solution to liquidity by keeping failed transaction fees.

1st. It is not an exchanges
Bancor liquidity network is not doing a simple transfer of token, it is more than that.
And Bancor didn’t take any txn fee from the process, all the fee go to ethereum miner.

2nd.
Don’t fucking change anything on the gas if you don’t want your txn to fail. Don’t act smart and when the txn failed blaming on the team. Lol

Your first point is valid, but even still, when you are paying that much gas for a transaction you expect it to go through... and no, wasn't tinkering with the gas.

If you take your fanboy goggles off for a second, you can't sit there with a straight face and say that a liquidity mechanism that fails roughly 30% of the time while handling such a small volume (less than 4M / 24 hours) isn't flawed at its core. It is literally the opposite of solving the "liquidity problem"... its creating more problems than its solving at this point and I don't see how Bancor functions at scale when the ethereum network is already stressed. And I'm not here spreading FUD, the reason you're typing in bold is cuz the truth is hurts

Haha are you retard? The web app is just a beta. It is not even a full release product yet. Of course they gonna have flaw and buggy bit.
If you can’t stand bout that, don’t use it and rant in here.
Go use your centralised exchanges if you can’t even afford to pay a txn fee.
No one seem to fail their txn if they did it properly. Don’t use it  if you don’t know


And I wrote in bold because noob and fomo kid like you jump in the project w/o even know what actually they do and even read about the project.

[thaReal]

Have you already started to cooperate with any new companies?

[thaReal]

Will you please make your algo clear to beginners? Especially the specifics of your contracts)

[Robert Chang]

Hi team, I 'd like to know more about this project, and waiting for updating news. Thanks!