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

[bitcoindian]

If none of the stolen BNT coins where dumped... Then who committed the insider trading prior to the hack news being released to the public?

There was no insider trading. There were many savvy users who caught on to what was happening before the Bancor Web App went in to maintenance.

All stolen BNT was recovered.

Very good info to know about the stolen tokens has been recovered because many people think negative about the bancor once they got hacked but anyhow they managed to recover the loss from the theft.

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[Camus]

Wow, how far we've come. Are there any new announcements, about cooperation or about new, promising projects that should be launched on your platform?

[BancorAmbassador]

Wow, how far we've come. Are there any new announcements, about cooperation or about new, promising projects that should be launched on your platform?

For the latest updates, check out Bancor's official Twitter feed: https://twitter.com/bancor

... and news channel: https://t.me/BancorNews

[JanuaryN]

Wow, how far we've come. Are there any new announcements, about cooperation or about new, promising projects that should be launched on your platform?

Here's a list of projects that have announced Bancor integration. A quick comparison of the current listings on Bancor show that several currencies on the list will be listing in the near future:

https://support.bancor.network/hc/en-us/articles/360003847251-Projects-that-have-announced-intention-to-integrate-the-Bancor-Protocol

[PandoraTV]

By token bancor, nothing has disappeared, the very fact of hacking is of course very unpleasant, but I think the team will draw conclusions and will do everything possible so that such situations no longer repeat. Meanwhile, the price for Bancor is gradually beginning to recover.

Even this was mentioned before about some security holes and it could lead to a big lose if someone made hack attempting on this network. But they ignored this warning in past and didn't took this seriously and now after this incident they have their focus to make secure this network and fixing all bugs there. That is the reason price is start recovering I hope in future this will become secure network.

Nature learns through catastrophes, and so do humans. Even though if would have been obviously better to secure the network thinking in advance that something like that could happen, nevertheless it's OK to do it later as well, especially as major damage has been avoided.

Thanks for your understanding PandoraTV! Indeed, it is very much preferable to prevent incidents from happening in the first place. But as you so rightly point out, the important matter is that the team has learned from this breach and is working to prevent them from happening again. The fact that this is the first breach of any real significance in over a year of service, as well as over a billion USD processed is a great sign. But things can always be improved, and the team is very keenly aware of that fact. One good result of this breach (if we are to look for silver linings) is that it proved the security measure built into BNT to be useful, and has prompted a greater discussion in the community as a whole on the topic of security for exchanges as well as how much is too much. We look forward to what the future has in store, and the improvements that this will bring to the space in general.

I was unaware that over one billion USD has already been processed in the fisrt year of life of Bancor. That's impressive and very promising. Security issues are an inevitable price to pay when you are pioneering territories where nobody has actually been because they have been created by you.

You are exactly right. There is no way to possibly predict every pathway. Even with all the security audits that are completed, there may be a way in or something in a future update that can compromise the previous security. That is why the team put the security measures built into the token itself. That way when this breach occured, it was contained and quickly stopped (at least for the BNT). It's also why Bancor does not have access to any of the user wallets. That way this breach was limited to the breached wallet alone. We hope that others in the crypto space will look to these examples and see how effective it was in mitigating the threat.

Safety in the crypto age is so vastly critical, that it needs everybody to work together. It was heartening to see the many other exchanges come together to help freeze flagged funds from the incident in the hours following the breach.

Ultimately the crypto world is all just about safety. Safety against the dangers of centralized creation of FIAT money, safety against entities able to get control over your assets. Only the safest echosystem/asset will survive.

[mexi.db]

Anyone can add their token to the Bancor Network -- no listing fees required. This article explains how: https://ban.cr/GetListed

[obsbtc]

Bancor has a few developer resources you can check if you're one! Available on the Knowledge Base:

https://support.bancor.network/hc/en-us/sections/360001492551-Developer-Tools

[Sitimunirah]

Is there any problem with the bancor app?
When trying to sell token, it show different expected amount, when the txn over i get less than what I should get

[Tarasov1992]

Is there any problem with the bancor app?
When trying to sell token, it show different expected amount, when the txn over i get less than what I should get

Hello, Sitimunirah, please join https://t.me/bancorsupport so that we can help you.

[mexi.db]

The UN concluded that guaranteeing global human rights would cost over 4 trillion dollars. Co-founder of Bancor Network Galia Benartzi presents an intriguing solution at the OsloFF Tech Lab - what if governments weren't the only entities determining currency?
https://www.youtube.com/watch?v=LcbHTF3zCdI

[obsbtc]

Good things are in store for Bancor for the near future... You can check the roadmap at https://t.me/bancor/70944

[JanuaryN]

Galia Benartzi, Co-Founder of Bancor| d10e Tel Aviv

This presentation was delivered at d10e's 23rd global edition, held in Tel Aviv on 9-12 June 2018. Check out more details about the event here: https://d10e.biz/tel-aviv-2018/

https://www.youtube.com/watch?v=JqoNQTzAcuo

[Tarasov1992]

WATCH: Eyal delivers lessons in liquidity at d10e in Tel Aviv.

https://ban.cr/EyalD10Etlv 

[CoinDrop99]

White Paper outlines that a relay token can be configured to take a contribution from each conversion. Does BNT charge a contribution for conversion via BNT in it's role as a relay token? Is so, how much does it take?

[Tarasov1992]

White Paper outlines that a relay token can be configured to take a contribution from each conversion. Does BNT charge a contribution for conversion via BNT in it's role as a relay token? Is so, how much does it take?

Hello, CoinDrop99, not BNT itself but a relay may take between 0.2 and 0.3% spread, depending on the converter.

[Dvd1989]

Wow it has been a year since the ICO and even though Bancor has delivered platform-wise, the returns on investments for us are terrible:

BNT $2.017 | 0.00027269 BTC
ICO Date: 2017-06-12
Raised: $153,000,000.00
Supply: 75,946,722.00

ROI USD: 0.52x
ROI ETH: 0.43x
ROI BTC: 0.21x

A fifth of what Bitcoin would have been worth. That's the stuff of nightmares man.

[StelsMiner]

Anyone can add their token to the Bancor Network -- no listing fees required. This article explains how: https://ban.cr/GetListed

Very interesting, this is good news for the community. Any crypto amateur turns out can add a token. By the way, I am buying again bancor tokens for the future growth prospect. I think very soon the price will start to rise.

[obsbtc]

Bancor usually posts a monthly recap... Did you check the July blog entry?

https://blog.bancor.network/bancor-progress-update-july-2018-4cfee421de1e

[mexi.db]

“We are now moving toward the possibility of a separation of bank and state."
Galia Benartzi discusses the future of money with Neil Strauss in this Rolling Stone feature on Brock Pierce. https://ban.cr/RollingStone

[EyeofthebeHODLer]

If you run into any issues while using the Bancor Network, please join us in our dedicated Telegram support channel where you will find 24/7 assistance. We are always ready and willing to help.