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

[sth2017]

Yield of tokens after ICO. ARK - second place) icostats com

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[5628398]

why no chinese TRANSLATIONS?

[MintCondition]

why no chinese TRANSLATIONS?

Because the OP is not updating yet the ANN thread same as translation, I saw on the Bancor app that almost the translation of all language are completed. I'm also looking for the local translation for my country but it is still not listed here. The bounty manager must create a separate thread in able to discuss bounty in right thread and don't mixed up here.

[elegant_joylin]

why no chinese TRANSLATIONS?

Because the OP is not updating yet the ANN thread same as translation, I saw on the Bancor app that almost the translation of all language are completed. I'm also looking for the local translation for my country but it is still not listed here. The bounty manager must create a separate thread in able to discuss bounty in right thread and don't mixed up here.

There is separate bounty web, just to https://app.bancor.network to register. But so far, the Chinese language is slashed. But I don't see Chinese translation in the that discussion. Maybe, still the one who reserves it still on the process of doing it.

You should register there and ask Bounty Manager. He's more active there.

[sth2017]

why no chinese TRANSLATIONS?

Because the OP is not updating yet the ANN thread same as translation, I saw on the Bancor app that almost the translation of all language are completed. I'm also looking for the local translation for my country but it is still not listed here. The bounty manager must create a separate thread in able to discuss bounty in right thread and don't mixed up here.

There is separate bounty web, just to https://app.bancor.network to register. But so far, the Chinese language is slashed. But I don't see Chinese translation in the that discussion. Maybe, still the one who reserves it still on the process of doing it.

You should register there and ask Bounty Manager. He's more active there.

English is not enough? Because he is a common language. Guys will lose time with translation

[XCNP]

Is there any official announcement when this ICO will get started so much confusion at the moment. Just waiting to hear from official regarding this because I'm ready for this.

[whatsTheDeal]

Is there any official announcement when this ICO will get started so much confusion at the moment. Just waiting to hear from official regarding this because I'm ready for this.

they said it will be out in the near 72 hours

[FarmerOak]

I read somewhere the ICO was 6/5, but I see there's no hard date yet. Soooo many ICOs coming up...

[mcfom]

Bancor is most awaiting project when this ICO will be open I think there will be FOMO situation and only early investors will make huge profit. Waiting impatiently about the details of this ICO even bought some from Bitcoinsuisse through this Pre-Sale round.

[caldero]

I read somewhere the ICO was 6/5, but I see there's no hard date yet. Soooo many ICOs coming up...

Too many rumours and everyone suggests a different date. Since they already started bounty campaign though its fair to assume its going to be in June and they will probably give at least a weeks notice.

[ruletheworld]

OK, so I have read the whitepaper but still not sure of one thing. Bancor team is saying that they are getting rid of liquidity problem. But isn't any coin liquid at some point? If I have some not so popular asset, I could simply dump it on the market. Doesn't Bancor algoritm simply do something similar? Yes, every asset will be liquid now but probably not at the price that user would like it to be. So technically all the claims are correct, but the price would be very low if you try to sell illiquid asset in great amounts (or very high if you want to buy liqid asset in high amount).

Not really, because if you just come up with a coin, and the exchanges don't want to add it, then your coin does't have liquidity. As to why exchanges don't want to it, there could be many reasons. For example your community of potential token holders may be too small for them to profitably add the token. Although the price floats, there is liquidity, so you can exit your position if you really want to. The Bancor Protocol just gives you that initial amount of liquidity without relying on external exchanges.

[TKeenan]

There's no date for the ICO yet. You can assume they'll give at least a week or two notice, so if I had to bet I'd say 6/15 right now. We'll just have to wait and see.

[sth2017]

I dont think you should look at the tokens as fractional reserves, the reserve is merely a tool for liquidity and usually when speaking about fractional reserve the reserve is the thing that gives the value to the coin which in this case it isnt. its just the market depth for liquidity in this case or atleast thats how i see it from what i read

Collateralized token is very nice thing which has a number of use cases and reserve can provide some liquidity, which will depend on its size. You can manage liquidity with a smart contract by keeping constant CRR, or you could use this reserve to put buy/sell orders on exchange and manage it with a trading bot, the result would be the same. But saying that 1% of reserve will make a token fully liquid is a complete bullshit. Also, if token B is backed by token A at fractional CRR, it does not make sense to use token B as reserve for token C instead of using token A. This is an infinite money multiplier.

You are free to continue to the chain of CRR: Token A backed by ETH, Token B backed by Token A, Token C backed by Token B and so on. There's nothing stopping you from doing that. However, the real value of a token comes from its utility, not from the reserve alone. If people don't think your coin has any utility, you can keep issuing them but no one other than you will buy into it. However, if you're able to create a long-chain economy of tokens, then there's nothing stopping them from going on a long-chain reserve as well.

It turns out that bankor is an instrument that will allow each issue to be made for its own project ?!

[seek4dream]

has anyone tried bounty on mainnet? How does it work?

[cobbng]

has anyone tried bounty on mainnet? How does it work?

Better to use the official bounty program
https://app.bancor.network/

[dragonchopper9]

There's no date for the ICO yet. You can assume they'll give at least a week or two notice, so if I had to bet I'd say 6/15 right now. We'll just have to wait and see.

I hope the date does not match the sales date of Status token.

[xiyuyoufeng]

it's really a nice project. I am waiting for ICO, hope ICO not like Bat so badly.

[majestymage]

this is a very cool project but i do not get 1 thing. let's say i create 1 token with bancor and gno in reserve. after a while i decide to also put in reserve some BTC and some waves. can i do that or i have to create another token with all the reserves i want?

[majestymage]

can i use btc as a reserve if they are not actually tokens?

[exortis]

I am very happy with the idea of bancor
There is a ton of projects trying to implement this concept