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"In a nutshell, the network works like a distributed
timestamp server, stamping the first transaction to spend a coin. It
takes advantage of the nature of information being easy to spread but
hard to stifle." -- Satoshi
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clixcoin
Legendary
 Offline
Activity: 1750
Merit: 1004
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November 28, 2018, 07:42:45 PM |
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Surely, I like this one. The infographics gives occasional readers of the topic a quick overview of the Bancor project, its development plans/ progress, and its potential. Agreed with you that is helpful for newcomers to understand about this ecosystem in short period of time. That is wonderful effort to explain about this platform how it works and how big potential it have. |
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EyeofthebeHODLer
Jr. Member
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Activity: 364
Merit: 1
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November 28, 2018, 09:18:17 PM |
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Thanks for sharing Peter, that was indeed a quite informative article on the background of Bancor, and it's accomplishments. The only thing missing is the fact that BancorX, our Cross-Blockchain Decentralized Liquidity Network, is now live! This enables automated token conversions between 125+ ERC20 and EOS-based tokens. Definitely a point worth mentioning IMO.  |
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peterlustig
Sr. Member
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Activity: 812
Merit: 250
The Fourth Generation of Blockchain in DeFi
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November 29, 2018, 05:02:26 AM |
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Thanks for sharing Peter, that was indeed a quite informative article on the background of Bancor, and it's accomplishments. The only thing missing is the fact that BancorX, our Cross-Blockchain Decentralized Liquidity Network, is now live! This enables automated token conversions between 125+ ERC20 and EOS-based tokens. Definitely a point worth mentioning IMO. I agree that's one biggest achievement by BANCOR so far. I guess the blogger who made the infographic will include it in a later date. Plus i think that post is old, yes posted on November 2, 2018 |
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Lyd
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November 29, 2018, 10:19:58 AM |
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Hi guys! if i change token to smart token, should I pay fee? and how much tokens should i pay?
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mexi.db
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November 29, 2018, 01:44:24 PM |
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Hi guys! if i change token to smart token, should I pay fee? and how much tokens should i pay?
Bancor doesn't take any fees for conversion. But you have to pay gas for the conversion to be processed on the blockchain. A minimum balance of 0.02 ETH is usually suggested to cover gas fees |
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EyeofthebeHODLer
Jr. Member
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Activity: 364
Merit: 1
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November 29, 2018, 09:37:32 PM |
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Venture Capitalist Tim Draper sees a future in which the balance of cryptocurrencies to fiat currency becomes 50-50, because crypto will be "easier to spend and invest" than fiat. Do you agree? Let us know! |
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peterlustig
Sr. Member
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Activity: 812
Merit: 250
The Fourth Generation of Blockchain in DeFi
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November 30, 2018, 04:26:07 AM |
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Hi guys! if i change token to smart token, should I pay fee? and how much tokens should i pay?
Bancor doesn't take any fees for conversion. But you have to pay gas for the conversion to be processed on the blockchain. A minimum balance of 0.02 ETH is usually suggested to cover gas fees Can we currently set gas fees for the conversion? If yes, can you tell me how would I be able do that? |
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JanuaryN
Jr. Member
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Activity: 364
Merit: 2
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November 30, 2018, 07:16:32 AM |
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Hi guys! if i change token to smart token, should I pay fee? and how much tokens should i pay?
Bancor doesn't take any fees for conversion. But you have to pay gas for the conversion to be processed on the blockchain. A minimum balance of 0.02 ETH is usually suggested to cover gas fees Can we currently set gas fees for the conversion? If yes, can you tell me how would I be able do that? Hi Peter, on the webapp, gas can only be altered when making a transfer. It's not possible for conversions. |
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addicto
Legendary
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Activity: 1526
Merit: 1012
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November 30, 2018, 01:18:14 PM |
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Venture Capitalist Tim Draper sees a future in which the balance of cryptocurrencies to fiat currency becomes 50-50, because crypto will be "easier to spend and invest" than fiat. Do you agree? Let us know! That is inspiring article which indicates about the future of this ecosystem. Tim Draper is wonderful person who always look on brighter side of this tech and he is biggest investors in this project so that's my biggest reason to keep hodl this token. |
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DashingCrypto
Jr. Member
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Activity: 504
Merit: 1
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November 30, 2018, 09:22:30 PM |
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Find out about the latest tokens and news from Bancor by subscribing to the Announcements Channel! |
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peterlustig
Sr. Member
Offline
Activity: 812
Merit: 250
The Fourth Generation of Blockchain in DeFi
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December 01, 2018, 04:30:48 AM |
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Hi guys! if i change token to smart token, should I pay fee? and how much tokens should i pay?
Bancor doesn't take any fees for conversion. But you have to pay gas for the conversion to be processed on the blockchain. A minimum balance of 0.02 ETH is usually suggested to cover gas fees Can we currently set gas fees for the conversion? If yes, can you tell me how would I be able do that? Hi Peter, on the webapp, gas can only be altered when making a transfer. It's not possible for conversions. Thank you very much for the reply. Is there any possibility in future that we can set gas fees for the conversions as well? |
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Angel_AmaZix
Jr. Member
Offline
Activity: 299
Merit: 1
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December 01, 2018, 05:57:23 AM |
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Hi guys! if i change token to smart token, should I pay fee? and how much tokens should i pay?
Bancor doesn't take any fees for conversion. But you have to pay gas for the conversion to be processed on the blockchain. A minimum balance of 0.02 ETH is usually suggested to cover gas fees Can we currently set gas fees for the conversion? If yes, can you tell me how would I be able do that? Hi Peter, on the webapp, gas can only be altered when making a transfer. It's not possible for conversions. Thank you very much for the reply. Is there any possibility in future that we can set gas fees for the conversions as well? Well, we're not sure about that but for gas settings of buy/sell conversions the price is set via the algorithm. It's quite a bit more computationally intense than a simple buy/sell. This means that they need more gas to ensure a quick transaction. |
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mexi.db
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December 01, 2018, 09:57:19 AM |
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Venture Capitalist Tim Draper sees a future in which the balance of cryptocurrencies to fiat currency becomes 50-50 because crypto will be "easier to spend and invest" than fiat. Do you agree? https://ban.cr/CryptoFiat5050 |
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Zontop
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December 01, 2018, 11:17:30 AM |
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Transparent and manipulation free exchanges are future of cryptocurrencies and Bancor falls in this statement very well. SEC's chairman stated about exchanges role and all focus looks to be shifted on this area in coming days and weeks. Bancor's approach was ahead of time even then and now scene has started to be more clear that where are we going to. It has done lot of work to reduce the price manipulation already.
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DashingCrypto
Jr. Member
Offline
Activity: 504
Merit: 1
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December 01, 2018, 08:36:27 PM |
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If you'd like to chat with the Bancor team, you can always join the Official Telegram Group. If you have any support issues, you can visit the Support Page with live chat, 24/7. |
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alvena
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December 02, 2018, 01:24:23 PM |
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Maybe investors are not particularly lucky (although they once had chances to get into some kind of plus), but I’m more confused that Bankor doesn’t get to the rank of at least an average level exchange. It seems that all the prerequisites are there, but not too many people know about it, apparently.
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