idontcare
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Activity: 363
Merit: 10
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June 05, 2017, 04:19:27 PM |
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idontcare
Member
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Activity: 363
Merit: 10
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June 05, 2017, 04:23:14 PM |
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"Fixed Price: 0.01 ETH per 1 BNT (i.e. 100 BNT per 1 ETH)"
$2.44 per bancor? =)))))
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omorfi
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June 05, 2017, 04:25:02 PM |
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Great news that we have an ico date now. I thought that ico run on the bancor.network. But dao wings is good choice also i think.
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boobu
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Activity: 4
Merit: 0
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June 05, 2017, 04:31:02 PM |
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"For this reason, we’ve decided to allow a short, “minimum time” — 1 hour — during which all contributions will be accepted regardless of the cap." At least everyone will have a chance to contribute to the project with low gas levels
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Darker45
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Activity: 2730
Merit: 1920
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June 05, 2017, 04:48:24 PM |
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OP is too small to be really of significant use. I still have to visit the site and scan the whitepaper for even simple info. Distribution, roadmap should be clearly stated there in op.
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coins4meh
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June 05, 2017, 04:50:13 PM |
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Is this the same bancor that's linked to the status coin project?
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frg7alien
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Activity: 12
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June 05, 2017, 04:51:48 PM |
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OP is too small to be really of significant use. I still have to visit the site and scan the whitepaper for even simple info. Distribution, roadmap should be clearly stated there in op.
How about you refund me my money that I put into your ICO you scamming assholes
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Qiuyue201
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June 05, 2017, 04:56:08 PM |
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Regarding ICO terms
What? Is this a joke?
Basically, we are getting an ICO that is not capped (technically during the first hour people can send 200 million or 300 million or 500 million USD which they will probably do, and the ICO will continue regardless). Aragon ICO collected 25 million in one minute, BAT even more, so Bancor can collect 900 million without a problem, good for developers and bounty hunters, not so good for investors.
Also initial CRR only 10%? With that amount collected (or any amount collected) you could definitely pick better CRR. Unless you are afraid that people will start dumping immediately. (Remember, that you can give your Bancor token back but for lower price if everyone starts selling and exchage is not required for that).
Also, why are you collecting only ETH? You should collect other ERC20 tokens too. What about collecting Wings tokens, you have partnership with them? And what about Aragon, which is one of the biggest crypto projects? Or any other ERC20 tokens? You are aiming to have token changers without those tokens?
Seriously, this is greed at it's finest. I really liked the project and now I am not cool with those terms. Change your mind and alter those terms:
- create hard cap at 100 million or lower - accept other tokens (perhaps 10 million USD in various tokens that will sum up to 100 million) - change the CRR
I think that most of us were expecting capping it high, at 100 million or even higher, but time capping the ICO is same as not capping it at all.
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TheMilkman
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June 05, 2017, 04:58:18 PM |
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I have to agree. It's like accepting all the ETH that is sent your way. It is cool to get in but if everyone is getting in and there is no limit, the coin will not give investors profits.
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dishku
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Activity: 1918
Merit: 1003
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June 05, 2017, 04:59:37 PM |
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It looking confused what is mean by hidden cap I don't understand so anybody can explain about this. Conversion rate sounds nice I hope this ICO will be very huge because it has great hype at the moment.
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Monkey1
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June 05, 2017, 05:07:21 PM |
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Are we going to create such as seed wings . To be only ETH is not a problem . I'm saving up for bancor .
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inck
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Activity: 112
Merit: 10
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June 05, 2017, 05:09:01 PM |
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It looking confused what is mean by hidden cap I don't understand so anybody can explain about this. Conversion rate sounds nice I hope this ICO will be very huge because it has great hype at the moment. It means that they've set a market cap, but it is not known beforehand. When 80% of the cap is reached, they're going to make the cap public.
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yvv
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Activity: 1344
Merit: 1000
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June 05, 2017, 05:16:29 PM |
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So, constant reserve ratio is not really constant in crypto world...
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fonship
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Activity: 893
Merit: 135
Bitcoin is not a currency or asset. Its a MOVEMENT
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June 05, 2017, 05:24:30 PM |
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I have to agree. It's like accepting all the ETH that is sent your way. It is cool to get in but if everyone is getting in and there is no limit, the coin will not give investors profits.
i am also not onboard with no limit for an hour, there has to be some limit and everyone can get fare share we can have max limit per wallet of certain number every 5 minutes
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selling sushistake.com, send offers
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whale123
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June 05, 2017, 05:24:38 PM |
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It was described in whitepaper, that CRR can be changed by the token creator (unless it is set to permanent). I understand that choice in the initial phase of the project. One thing I do not understand is why it is not possible to invest with other tokens. I respect team's choice, but I think it would be much better if it was possible to invest with other Ethereum tokens too, with each token having it's own basket. Can we change this and accept other tokens too?
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whale123
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June 05, 2017, 05:27:29 PM |
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It looking confused what is mean by hidden cap I don't understand so anybody can explain about this. Conversion rate sounds nice I hope this ICO will be very huge because it has great hype at the moment. It means that everyone who sends money during the first hours will get Bancor. If not enought money is collected during the first hour, the crowdsale will take longer, until specific unknown amount is reached. But let's be honest here, we all know that the hype is real and any limit will be reached immediately. So everyone, whale and small investors, sending ETH during first hour will get Bancor and the presale will not end.
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bitcircle
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Activity: 1540
Merit: 1002
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June 05, 2017, 05:33:52 PM |
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When this secret will be revealed about that unspecific hard cap what is limit there if all coins sold out during 1st hours than we will able to know about that how many tokens will be created during sale round?
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Qiuyue201
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June 05, 2017, 05:39:21 PM |
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When this secret will be revealed about that unspecific hard cap what is limit there if all coins sold out during 1st hours than we will able to know about that how many tokens will be created during sale round?
It is irrelevant beacuse everyone will send their money during the first hour and all that money will be accepted. This is why this ICO is badly constructed. It's like having uncapped ICO. They should add hard cap limit of 100 million or lower. Otherwise the contract can accept 100 million, 200 million, 300 million or any amount sent. This way one whale can buy huge percentage of coins, which is exactly opposite that we would like. The coin will be dominated by huge players.
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