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

[ngsg]

Investment limits ? what is the maximum and minimum CAP ?

No terms yet - i think  and I hope they will not put a cap like the others did because it will be over before it will even start. the best system, in my opinion, is for them to collect from everybody over a period of time and then return a %, assuming they meet their target. that way every body enjoy the ICO equity.

They say they will put cap. Not sure they meant money cap or time cap.

Maybe bouth of them. I really wait for this ICO. Tomrrow will be interesting day.

Tomorrow - why tomorrow? Are the ICO terms out?

[fatma88]

will ico be announced?
was there any explanation I could not follow?

The same question, because it's an interesting project, and I'm really waiting for ico to start.

likewise

[atricoz]

Is it possible to partecipate with €/$?

[ChinkyEyes]

How can I participate? Do i need BTC or ETH?

[uniquehero]

When will ICO begin?

[rgornik]

this bounty manager is the worst i've ever seen

i had no problems with him

[rgornik]

When will ICO begin?

they will announce it but ICO is delayed so wait for more info from the team

[whatsTheDeal]

I hate teams like this, they don't inform about anything. It's 29 May people deserve at least apology for delay.

they will probably release more info soon, but they did say its delayed like 2 weeks ago

[bitcircle]

this bounty manager is the worst i've ever seen

i had no problems with him

I also don't have any kind of issue regarding bounty from my opinion it's well managed bounty ever I seen. This team is very professional and handling all matter with nice spirit so this ICO will be very huge.

[sud]

Seriously, bounty app with telegram manager and all the different coins is the best bounty I've seen. I have no idea why some ppl don't like it.

[TheAwkwardBrit]

I hope they release the ICO details soon, I'm afraid that Whales will just buy up most of the supply though... 

[addicto]

I hope they release the ICO details soon, I'm afraid that Whales will just buy up most of the supply though... 

I also waiting for the details of ICO so that I also have same feeling this would ended up so like other big projects mostly big players will hold the all coins by participating with big amount. So let's see when these details will come out just few hours left for this according to the OP.

[Dvd1989]

Hi guys,

I am new to the cryptocurrency and invested some euro's in Ether last week. I've been reading about Bancor and I guess I am just as curious to find out when the ICO will take place. But, more importantly, I haven't a clue on how to join in on the crowd sale. Are there any specifics or demands I have to meet in order for me to invest during the crowd sale?

I am currently using Exodus. Can I participate with Exodus?

Would be happy if anyone can give me some pointers.

Regards, DvD

[Greent123]

But, more importantly, I haven't a clue on how to join in on the crowd sale. Are there any specifics or demands I have to meet in order for me to invest during the crowd sale?

I am currently using Exodus. Can I participate with Exodus?

Would be happy if anyone can give me some pointers.

I'm just a few weeks older to you in the cryptoworld - let me answer this till a more senior member gives a more qualified response.

1. Participating in an ICO merely involves transferring some cryptocurrency (mostly Bitcoin/Ethereum) to a specified address. You should be able to do this in Exodus. The ICO folks have a way to keep track of who invested with what amount (to that end, they may make you create a unique ICO account). They give you an amount of ICO cryptocurrency depending on your share of the total amount received by them (some ICOs have a cap on investment, while some are open).

2. Please make sure you do a lot of reading about the project. This site, ICO reviews on Youtube, discussions on Steemit, reddit; are a good starting point. Unfortunately, there is a lot of 'meaningless ranting/currency-bashing', but there are surely gems of advice hidden between them.

3. Bear in mind that altcoins are receiving a lot of new attention and everyone is looking to make a fortune. Please make sure you don't get carried away and invest with whatever you can afford to lose. If you've been following the action in the recent weeks, the price-action in cryptos is very volatile.

Hope you end up supporting some good ideas & end up rich too

[cormacoin]

Interesting. On the form there is one section "Purpose of Business relationship". How exactly should this be filled out?
Thanks in advance.

edit: their post with the application disappeared just after I typed this?

[ricky2912]

I'm a noob in cryptocoins, and I can't find this anywhere. Will Bancor be mineable? What algorithm?

[Orr]

I'm a noob in cryptocoins, and I can't find this anywhere. Will Bancor be mineable? What algorithm?

Bancor is not mineable..

[Ergenekon]

FAQ is ready!
https://bancor.network/static/Bancor_Protocol_FAQ.pdf

[Orr]

Hello everyone,

We were planning to announce the following along with the crowdsale terms, but since its already been posted and we don't want to keep you waiting (or confused), here is a brief sneak peak:

We have entered into a partnership with Bitcoin Suisse to provide on-boarding services PRIOR to the token sale for those who want to contribute with fiat, or receive some assistance sending their crypto to a smart contract, before the actual sale begins.

There is a small (standard) fee involved, specified on the website. They are also able to hold your tokens for you until you want to receive possession of them. They are very reliable and have a great reputation in the industry and among other token sale teams.

We entered into this partnership with Bitcoin Suisse to make the token sale more accessible and allow those who wish to be involved to guarantee their place even before the start date.

The remainder of the details coming soon...
and in the meantime here is the link for contributions:

https://www.bitcoinsuisse.ch/bancor/

Please note, regretfully, due to regulatory uncertainties, this service is currently available to NON US citizens only

[yvv]

FAQ is ready!
https://bancor.network/static/Bancor_Protocol_FAQ.pdf

Does the Bancor protocol price discovery mechanism add to the price
volatility, compared to crypto-exchanges?
On the contrary. By holding a reserve balance which preserves a constant ratio to the
market-cap, the price volatility of smart tokens is not subject to the current market depth
since the reserve functions as a predictable and controlled alternative to the traditional
order book which normally provides market depth. We’ve seen that regular exchanges
generally hold around 1% market depth, meaning that any smart token with a CRR above
1% could be relatively more

This is total BS! According to your own formula, at 1% fractional reserve, changing supply by 1% will change the price by 150%. Is not this volatile??? Yeah right, the formula for price change is deterministic, but a trade is a random event, and any function of random event is a random variable. With low fractional reserve your tokens are going to be as volatile as any low volume tokens on exchanges.