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Author Topic: [ANN] Bancor | Protocol for Smart-tokens, solving the liquidity problem  (Read 375656 times)
bitcircle
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January 31, 2018, 03:07:18 PM
 #5641

Is this similar to pioneer us project?  Huh

What is your mean by pioneer project for me it's difficult to understand what you want ask. Please explain in details so that other people will be able to help you about your concern.
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The forum strives to allow free discussion of any ideas. All policies are built around this principle. This doesn't mean you can post garbage, though: posts should actually contain ideas, and these ideas should be argued reasonably.
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andiagung
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January 31, 2018, 04:25:21 PM
 #5642

The thing with bancor and why I'm happy to have all my investment in BNT, is that in the long run it will be the most diverse portfolio possible when the long tail is captured. Thousands of tokens all containing a reserve of BNT 😀
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January 31, 2018, 06:44:56 PM
 #5643

The thing with bancor and why I'm happy to have all my investment in BNT, is that in the long run it will be the most diverse portfolio possible when the long tail is captured. Thousands of tokens all containing a reserve of BNT 😀

This is a very smart way to look at it. I share the same positive view on Bancor, and for the exact same reasons, but you have phrased is in a very cool way, worth remembering.

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josegr4ham
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January 31, 2018, 07:14:44 PM
 #5644

Can anyone tell me the relationship of Bancor with Etherdelta? Is that where Bancor buys their tokens from?
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February 01, 2018, 05:51:15 AM
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 #5645

Can anyone tell me the relationship of Bancor with Etherdelta? Is that where Bancor buys their tokens from?

No. 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.

Bancor and Etherdelta are two separate services. There is no relationship
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February 01, 2018, 07:49:52 AM
 #5646

Hey guys,
We extended the Hackme challenge deadline to Feb 18, 2018. This was just published in Chipin publication:
https://www.chipin.com/bancor-holds-hackme-challenge-valuable-crypto-purse/

In preparation for the upcoming Bancor Wallet launch, we challenge the community to hack an account in our demo environment. If anyone manages to do that, they will win a grand prize of BNT and ETH worth thousands of dollars.
BancorAmbassador
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February 01, 2018, 10:05:11 AM
 #5647

Can anyone tell me the relationship of Bancor with Etherdelta? Is that where Bancor buys their tokens from?

There is no relationship between Bancor and Etherdelta.

Liquid Tokens that integrate the Bancor protocol are embedded with a smart contract which enables the tokens to both issue and destroy themselves.
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February 01, 2018, 10:16:24 AM
 #5648

Hey guys,
We extended the Hackme challenge deadline to Feb 18, 2018. This was just published in Chipin publication:
https://www.chipin.com/bancor-holds-hackme-challenge-valuable-crypto-purse/

In preparation for the upcoming Bancor Wallet launch, we challenge the community to hack an account in our demo environment. If anyone manages to do that, they will win a grand prize of BNT and ETH worth thousands of dollars.

That is great move from Bancor to make sure that wallet is really secure and trustless. They are taking all necessary step with great responsibility to provide secure environment to their users. I believe after this launch Bancor will be on the way to the moon because it deserve.
stormfold
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February 01, 2018, 02:21:10 PM
 #5649

Please subscribe to our subreddit: https://www.reddit.com/r/Bancor/
ANDREW 555
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February 01, 2018, 04:56:26 PM
 #5650

Developer Week in Oakland, USA (February 05)
https://coindar.org/en/event/bancor-bnt-developer-week-in-oakland-usa-2770
CryptoRobert
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February 01, 2018, 08:17:10 PM
 #5651

Hey guys,
We extended the Hackme challenge deadline to Feb 18, 2018. This was just published in Chipin publication:
https://www.chipin.com/bancor-holds-hackme-challenge-valuable-crypto-purse/

In preparation for the upcoming Bancor Wallet launch, we challenge the community to hack an account in our demo environment. If anyone manages to do that, they will win a grand prize of BNT and ETH worth thousands of dollars.

That is great move from Bancor to make sure that wallet is really secure and trustless. They are taking all necessary step with great responsibility to provide secure environment to their users. I believe after this launch Bancor will be on the way to the moon because it deserve.

Yes, nothing is a better guarantee of safety than offering money to hackers if they win the challenge to hack your system. Very good choice. As usual, with Bancor.
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February 01, 2018, 09:19:47 PM
 #5652

Have you read this news from Bancor?
Quote
We're aware that CoinMarketCap has lowered the circulating supply of BNT. We're in touch with the CMC team and hope to have a solution soon. Stay tuned!

Is it worth worrying about? Or is it just a small technical malfunction?
bobq
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February 02, 2018, 02:23:49 AM
 #5653

i ultimately think that all interesting and functional tech will be incorporated on top of Bitcoin in some capacity Roll Eyes Roll Eyes Roll Eyes and all the value and liquidity will get sucked up by Bitcoin in the long run Cheesy....i'm sure you disagree....Bancor will exist and be successful in either scenario...so we're both here for good reasons! Kiss Tongue

Looking at the slow-motion with which the technical improvements necessary to continue functioning are integrated in Bitcoin, I would not be so sure about your statement. Especially as the rest of the cryptospace is moving at the speed of light in comparison. I wish Bitcoin were faster in solving its problems of scalability. But it isn't.
On the other side Bancor is "merging" all other cryptoassets which chose to use its protocol into one giant "medium" of liquidity, thus creating a real giant single space. By the way of the Bancor Protocol Cryptolandia is now on the verge of an evolutionary jump, just like in the history of life on earth cells at some point have started to aggregate into complex organisms. Immerged in one single and multi-faced magma of liquidity provided by Bancor, we will soon have to speak about more complex financial and monetary crypto-organisms than the single old individual Bitcoin-like coins we have been used to until now.

JanuaryN
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February 02, 2018, 08:29:31 AM
 #5654

What is the exact difference between tokens and relay.
unable to find proper documentation regarding that

This should help:

https://medium.com/@hichemfetoui/the-difference-between-token-relay-and-smart-token-in-bancor-protocol-97cbc729a99c
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February 02, 2018, 09:47:20 AM
 #5655

Bancor Network member @WePowerN, which enables #green producers to issue tradable energy tokens, officially launched its #Token Sale today and immediately sold out! Here's to sustainable decentralized #liquidity!
Check out Bancor review from our team here.
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February 02, 2018, 01:41:29 PM
 #5656

I noticed that the bancor is gaining popularity and it pleases me as investor. Just take a look at the coming events:

5 February    Developer Week in Oakland, USA
5 February    Satoshi Roundtable in Cancun, Mexico
28 February  IFZ FinTech Conference in Zug, Switzerland
1 March        Crypto Virtual Summit, Online

Definitely this is one of the best projects launched on ETH Blockchain
foodstamps
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February 02, 2018, 02:19:08 PM
 #5657

I noticed that the bancor is gaining popularity and it pleases me as investor. Just take a look at the coming events:

5 February    Developer Week in Oakland, USA
5 February    Satoshi Roundtable in Cancun, Mexico
28 February  IFZ FinTech Conference in Zug, Switzerland
1 March        Crypto Virtual Summit, Online

Definitely this is one of the best projects launched on ETH Blockchain

I agree with you. The team does not stop working with the end of its ICO. Constantly new smart tokens appear on the platform of bancor. I follow with an interesting development of the project.
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February 02, 2018, 11:25:18 PM
 #5658

I noticed that the bancor is gaining popularity and it pleases me as investor. Just take a look at the coming events:

5 February    Developer Week in Oakland, USA
5 February    Satoshi Roundtable in Cancun, Mexico
28 February  IFZ FinTech Conference in Zug, Switzerland
1 March        Crypto Virtual Summit, Online

Definitely this is one of the best projects launched on ETH Blockchain

Of course it is one of the best projects - and actually IMHO it is the best one. What is pretty astonishing is the low quanity of people which seems to be able to understand that. I am started to think that most people in cryptos (well, elsewhere it's probably the same) are just kind of brainless zombies following hype without really understanding what they are doing, and once in front of something really new - like Bancor - they are not able to understand it. They will just storm buying BNT only when it will be much more expensive...
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February 03, 2018, 10:21:06 AM
 #5659

Have you read this news from Bancor?
Quote
We're aware that CoinMarketCap has lowered the circulating supply of BNT. We're in touch with the CMC team and hope to have a solution soon. Stay tuned!

Is it worth worrying about? Or is it just a small technical malfunction?

The Team is aware that CoinMarketCap has lowered the circulating supply of BNT. They're in touch with the CMC team and hope to have a solution soon. Stay tuned here and at https://t.me/bancor
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February 04, 2018, 04:26:53 AM
 #5660

I noticed that the bancor is gaining popularity and it pleases me as investor. Just take a look at the coming events:

5 February    Developer Week in Oakland, USA
5 February    Satoshi Roundtable in Cancun, Mexico
28 February  IFZ FinTech Conference in Zug, Switzerland
1 March        Crypto Virtual Summit, Online

Definitely this is one of the best projects launched on ETH Blockchain
Unfortunately Bankor not the only one on the market and now he has to compete with your followers. are the team ready for this competition or they will simply rest on the laurels of a pioneer,that's what we have to understand.

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