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"The nature of Bitcoin is such that once version 0.1 was released, the
core design was set in stone for the rest of its lifetime." -- Satoshi
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konigilya
Member
 Offline
Activity: 252
Merit: 12
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January 24, 2018, 06:30:09 PM |
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Relax and HODL. Wish they could have Master Nodes. I would have gone almost All-in =D
Love the platform!
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konigilya
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Activity: 252
Merit: 12
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January 24, 2018, 06:30:36 PM |
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also the question, where can I see future listing tokens?
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JesusCryptos
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January 24, 2018, 10:53:52 PM |
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Relax and HODL. Wish they could have Master Nodes. I would have gone almost All-in =D
Love the platform!
Wow, you've hit my imagination man, I'd also love to run a Bancor Masternode if something like that existed. Bancor is my number one choice of asset, would love to be even more part of the project than I already am by owning a lot of BNT. |
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ruletheworld
Legendary
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Activity: 1386
Merit: 1045
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January 25, 2018, 04:25:46 AM |
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Relax and HODL. Wish they could have Master Nodes. I would have gone almost All-in =D
Love the platform!
Wow, you've hit my imagination man, I'd also love to run a Bancor Masternode if something like that existed. Bancor is my number one choice of asset, would love to be even more part of the project than I already am by owning a lot of BNT. There is no concept of a masternode for Bancor - may be you're confusing BNT with some other crypto. BNT is in fixed supply, and an ERC20 token on ETH. It borrows its security characteristics from Ethereum, and therefore doesn't need a masternode. |
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MegaHit!
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Activity: 126
Merit: 10
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January 25, 2018, 09:26:10 AM |
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does anyone can explain the how Bancor protocol works in a nutshell? )
I've looked through the WP for 3 times
and I got nothing litteraly )
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ALEX765
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Activity: 364
Merit: 10
https://cryptassist.io/
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January 25, 2018, 03:06:59 PM |
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I'm taking part in bOUNTY on bancor network, and when I go there I noticed new coins added by the bancor, I see the project does not sit in place, and the team does something for that but the price of the coin for some reason does not grow
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EDR
Jr. Member
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Activity: 194
Merit: 1
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January 25, 2018, 03:29:56 PM |
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Can i use Bancor as Bounty platform for providing Bounty campaign?
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Dvd1989
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January 25, 2018, 05:09:11 PM |
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does anyone can explain the how Bancor protocol works in a nutshell? )
I've looked through the WP for 3 times
and I got nothing litteraly )
The Bancor token will eliminate the "double coincidence of wants" problem, meaning that the Bancor platform will allow you to trade between (for instance) two ERC-20 tokens without first having to trade to Ether or Bitcoin. |
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ruletheworld
Legendary
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Activity: 1386
Merit: 1045
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January 25, 2018, 06:28:05 PM |
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Raising as much money as possible isn't the goal, however. Ethereum raised $18 million in their ICO, and look how much they were able to accomplish with that money. |
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ruletheworld
Legendary
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Activity: 1386
Merit: 1045
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January 26, 2018, 12:14:40 AM |
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Bancor doesn't have a good reputation of treating security researchers with respect. For example, before the ICO, they diluted their bug bounties just before the promised date, so they could pay out less. |
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meditations1
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Activity: 196
Merit: 11
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January 26, 2018, 05:39:47 AM |
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does anyone can explain the how Bancor protocol works in a nutshell? )
I've looked through the WP for 3 times
and I got nothing litteraly )
Bancor protocol enables the creation of “smart tokens” which independently handle their own liquidity and price discovery through their smart contracts. The method smart tokens use to do this is by holding a balance of another token (let’s use ETH as an example) so that the smart token can be purchased by sending the connector token (ETH) to the smart contract (this ETH is then added to the connector balance, and smart tokens are issued to the buyer) or liquidated by sending smart tokens to the smart contract (the seller then receives ETH from the connector balance and the smart tokens are destroyed) all without needing a second party to trade with. The price at which the smart token is bought or sold for any of its reserve tokens is set by an algorithm which balances the current connector balance with the current smart token supply, at a predefined Weight, which is a above 0 and up to 100%. The smart contract also recalculates its own price following each purchase (which causes price to increase) or liquidation (which causes price to decrease), in proportion to the transaction size. So, a larger purchase or liquidation will change the price more than a smaller one. This ensures that the connector cannot be drained and will always maintain their Weight of connector token balance in the contract. Thus, a smart token does not need to be listed in an exchange in order to be liquid and priced by the market. |
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Dvd1989
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January 26, 2018, 05:43:33 AM |
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ICO ROI% for Bancor (BNT) = $7.15 | 0.00064044 BTC
USD: +85%
ETH: -40%
BTC: -51%
I really hope that the Bancor project will start to pay off (soon). I've rarely seen such a low ROI on a high profile ICO/project.
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Photographer
Member
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Activity: 157
Merit: 10
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January 27, 2018, 12:40:29 AM |
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does anyone can explain the how Bancor protocol works in a nutshell? )
I've looked through the WP for 3 times
and I got nothing litteraly )
Bancor protocol enables the creation of “smart tokens” which independently handle their own liquidity and price discovery through their smart contracts. The method smart tokens use to do this is by holding a balance of another token (let’s use ETH as an example) so that the smart token can be purchased by sending the connector token (ETH) to the smart contract (this ETH is then added to the connector balance, and smart tokens are issued to the buyer) or liquidated by sending smart tokens to the smart contract (the seller then receives ETH from the connector balance and the smart tokens are destroyed) all without needing a second party to trade with. The price at which the smart token is bought or sold for any of its reserve tokens is set by an algorithm which balances the current connector balance with the current smart token supply, at a predefined Weight, which is a above 0 and up to 100%. The smart contract also recalculates its own price following each purchase (which causes price to increase) or liquidation (which causes price to decrease), in proportion to the transaction size. So, a larger purchase or liquidation will change the price more than a smaller one. This ensures that the connector cannot be drained and will always maintain their Weight of connector token balance in the contract. Thus, a smart token does not need to be listed in an exchange in order to be liquid and priced by the market. Now they are not called Smart Tokens any more. They are called Liquid tokens. https://blog.bancor.network/bancor-progress-update-9b47745f604cI guess your explanation might still be too complicated for the guy, if he couldn't handle the Whitepaper, which is very well written. On the other side, Bancor is getting more and more complex as it develops, so I'm getting a hard time myself to get all the details. In just a few words, Bancor mainly uses a system of Bancor tokens with different properties and functions to create a pool of liquidity between classes of assets - at the moment just different ERC-20 tokens. This system uses the Bancor Protocol which contains a formula able to determine ("discover") the price of the assets in any moment. So when you buy or sell an asset against another you don't need a counterparty any more. The Bancor reserve is the counterparty and it's managed automatically by the Bancor protocol. |
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ruletheworld
Legendary
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Activity: 1386
Merit: 1045
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January 27, 2018, 12:50:10 AM |
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ICO ROI% for Bancor (BNT) = $7.15 | 0.00064044 BTC
USD: +85%
ETH: -40%
BTC: -51%
I really hope that the Bancor project will start to pay off (soon). I've rarely seen such a low ROI on a high profile ICO/project.
They raised an incredibly high amount of money in the ICO. Returns are bound to be hard to come by, especially for the short-medium term. If the BNT token gets adopted for providing liquidity to other tokens, over the long run, you might see some price increase. As a general rule, ICOs have a difficult time beating ETH in any case. Very few have done so over several months/years time. |
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JanuaryN
Jr. Member
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Activity: 364
Merit: 2
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January 27, 2018, 02:00:51 PM |
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Brilliantrocket
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January 27, 2018, 02:51:22 PM |
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What is the exact difference between tokens and relay.
unable to find proper documentation regarding that
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johntradez
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Activity: 161
Merit: 11
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January 27, 2018, 10:25:30 PM |
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Previously I looked into Bancor when I heard it was a liquidity solution. I liked the idea. It is like a dex with only market orders that uses the liquidity pools of multiple different tokens. This is very useful in crypto where some coins have very low liquidity which leads to very high price volatility. However, its marketcap was already high so I stayed away.
I looked into it deeper recently and read about the baskets of reserve tokens that could be bought and sold as one "smart token". This could be used as an ETF or index fund for any combination of cryptocurrencies allowing anyone to create their own fund. This reminds me of 1broker in that popular traders could create their own smart token in the Bancor Network and any user could buy into it. On top of all this, there are no fees (although the creator of each smart token can set a fee if they choose).
It's also right around its ICO price so if it breaks this level then it is poised for a move after declining for so long.
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