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

[JanuaryN]

Bancor Co-founders Galia Benartzi and Yudi Levi give a live demo of the Bancor Protocol at an event in Tel Aviv.

https://www.youtube.com/watch?v=wwbH0tBabDI

[1714774300]

1714774300

[shewasfourteen]

Did you know security tokens can integrate with Bancor? @AlchemyCoinio recently announced it will become the first security #token to join the network. Learn more in Bancor's latest progress update: https://ban.cr/AugustProgressUpdate

[mexi.db]

REMINDER: Tune in tonight at 6pm EST for a debate on the future of DEXs with Bancor Co-Founder @eyal and @Aurora_dao’s @AlexWearn on youtube.com/CryptoBeadles. Submit questions here - https://docs.google.com/forms/d/e/1FAIpQLSeVz6o7-JhOTm7q4UqLWLh1w6fI-Xo4Odd0g5u1mycUNARHew/viewform
And here: https://www.reddit.com/r/Bancor/comments/9gioim/huge_debate_tonight_bancor_vs_idex_what_questions/

[ivaf]

A live demo of Bancor's open-source protocol for automated token conversions: https://ban.cr/ProtocolDemo
Have you seen this video? I somehow missed it, but it's actually quite interesting!

[Hullo]

Rise of decentralized exchanges is inevitable and that will be era where Bancor will be on driving seat. Bancor by design fits perfectly in current cryptocurrencies economical system as well as in future's that's why it is called true bridge. I still am waiting for fiat gateway to connect all the economies through Bancor.

[obsbtc]

Looking on how to add multiple login methods for redundancy? Look no more! All explained on the Help Center

[Angel_AmaZix]

🚀💥LIVE NOW!💥🚀

The Great DEX Debate: Bancor v. IDEX
👉https://www.youtube.com/watch?v=Xy2ZrbleyHc
👉https://www.youtube.com/watch?v=Xy2ZrbleyHc
👉https://www.youtube.com/watch?v=Xy2ZrbleyHc

A don't miss debate between crypto moderators and the crypto titan founders of Bancor and Idex decentralized exchanges.

The moderators are:
Crypto Crow @jasonappleton 
Crypto Love @TheCryptoLove
David Zimbeck @dzimbeck
Crypto Beadles @RobertBeadles

Debaters:
Eyal Hertzog Co-Founder of Bancor @Bancor
Alex Wearn Co-Founder of Idex @Aurora_dao

They square off to get to the bottom of the relevance and security of Dex's in the crypto space.

[JanuaryN]

Bancor experienced a significant security breach in July 2018 where a wallet used to upgrade smart contracts was compromised, resulting in a loss of $23.5 million. Although Bancor immediately admitted to what happened and was able to recover $10 million because it could pause the smart contracts on the protocol, it also highlighted that the network is not decentralized as it could lose or freeze customer funds.

Not to contradict, but to clarify, Bancor does not hold users' private keys and cannot access customer funds.

[Tarasov1992]

In case you are wondering about other networks' support, please watch these great videos featuring Eyal and Yudi:

https://www.youtube.com/watch?v=teLcWMp7UyU

https://www.youtube.com/watch?v=7yVz1s_cbHY

[obsbtc]

Are you a developer? Interested to see what's behind the hood on Bancor? The Team's GitHub is here, feel free to check it out!

[Simss]

I understood. Now for me to understand very basic way about transaction fee and withdrawal. Does the transaction fee vary depending on the crypto I am operating and the withdrawal rate also varies? And to make a withdrawal from Bancor, do I have to have Ether or BNT in my wallet or not?

[RysEmanuel]

I understood. Now for me to understand very basic way about transaction fee and withdrawal. Does the transaction fee vary depending on the crypto I am operating and the withdrawal rate also varies? And to make a withdrawal from Bancor, do I have to have Ether or BNT in my wallet or not?

Transaction and withdrawal fees do, indeed, fluctuate relative to the activity in the market. Though it's worth mentioning these fees aren't Bancor's ones but gas fees due to congestion in the Ethereum network. Also, in order to make a withdrawal you just need to have any of the supported currencies in your wallet. 

[shewasfourteen]

canyacoin has built a hedged-escrow system for #crypto assets utilizing the Bancor Protocol to automatically calculate prices and protect users from volatility. Check it out: https://ban.cr/HedgedEscrow 

[EyeofthebeHODLer]

New to Bancor? As a welcome, here is a short tutorial that will take you through how to convert tokens on the network:

https://youtu.be/v6euAg4pg30

[Call_Me_Bambi]

I understood. Now for me to understand very basic way about transaction fee and withdrawal. Does the transaction fee vary depending on the crypto I am operating and the withdrawal rate also varies? And to make a withdrawal from Bancor, do I have to have Ether or BNT in my wallet or not?

I signed up to the Bancor exchange to trade a small amount of Loctrip (LOC), just to test out Bancor. I depositing what I thought should have been enough Ether to cover selling costs but the sale would not go through as it complained there was not enough ETH to cover GAS, so I asked on the Bancor telegram channel what would be minimum amount of ETH and an admin said 0.02 ETH should cover it - WOW ! at current prices that's about $4.00 (USD), when it only cost me about $0.03 (USD) to transfer the ETH to Bancor. Now I know it's not just a simple transaction but $4.00 worth ?

[EyeofthebeHODLer]

I understood. Now for me to understand very basic way about transaction fee and withdrawal. Does the transaction fee vary depending on the crypto I am operating and the withdrawal rate also varies? And to make a withdrawal from Bancor, do I have to have Ether or BNT in my wallet or not?

I signed up to the Bancor exchange to trade a small amount of Loctrip (LOC), just to test out Bancor. I depositing what I thought should have been enough Ether to cover selling costs but the sale would not go through as it complained there was not enough ETH to cover GAS, so I asked on the Bancor telegram channel what would be minimum amount of ETH and an admin said 0.02 ETH should cover it - WOW ! at current prices that's about $4.00 (USD), when it only cost me about $0.03 (USD) to transfer the ETH to Bancor. Now I know it's not just a simple transaction but $4.00 worth ?

Hello Bambi, yes that's a common story. While the 0.02 ETH is only a recommendation, and likely will not be entirely used, it keeps one from having the risk of a failed transaction due to insufficient funds. The transactions on the Bancor Network are quite computationally intense, and must be completed quickly in order to function properly. That's why the gas price can be so high relative to what one might consider normal.

[Tarasov1992]

We are thrilled to announce BancorX, the expansion of the Bancor Protocol to EOS and the first Cross-Blockchain Decentralized Liquidity Network: https://ban.cr/X

More info: https://ban.cr/BancorX

[shewasfourteen]

Bancor has ported its public code to EOS in preparation for the launch of its decentralized cross-blockchain liquidity network supporting Ethereum and EOS Main Nets — BancorX.

[CoinCodex]

Bancor announced BancorX, a liquidity network for the EOS platform!

https://coincodex.com/article/2373/bancor-expands-to-eos-with-bancorx/

[ivaf]

Bancor announced BancorX, a liquidity network for the EOS platform!

https://coincodex.com/article/2373/bancor-expands-to-eos-with-bancorx/

What a news! Super!!!
And someone already tried the platform? I understand that it works on the test EOS network. That is, I can try it on my account (without any changes in the balance in the main network)? I'm right?