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

[Razaberry]

The value of the BNT after ICO will depend on three main unknowns:

- How much BNT will be required as reserve for smart tokens created through the Bancor platform before the monthly fee is waived
- How high the monthly fee will be for smart tokens created using the Bancor platform
- How the CRR of the BNT will be changed after the ICO

And of course general adoption but that is anybody's guess right now anyway.

What monthly fee?

[Razaberry]

Hey dev, a few questions for the fundraiser,

1. When participating in the fundraiser, would 'MyEtherWallet CX' work or do I have to have full block synced like 'mist'?

2. It seems like there is one public ETH address on the website that you collect all the fund.. How do you give the right amount of token to the right person? (perhaps, I'm just too familiar with a dashboard style)

Thanks  

1) MyEtherWallet works

2) The smart contract sends BNT to the address the ETH came from

[Razaberry]

Will Bancor have a separate wallet for distribution? or will we need to provide an Eth address?   

The BNT will be sent to the address you sent the ETH from.

[zlatochka]

Joined Facebook and Twitter bounty

[snowman8]

Will Bancor have a separate wallet for distribution? or will we need to provide an Eth address?   

The BNT will be sent to the address you sent the ETH from.

Does a Nano S Ethereum wallet support BNT?

[alexi8]

BANCOR IS DEAD

https://media.consensys.net/introducing-omega-one-a-cheaper-and-safer-way-to-trade-cryptocurrencies-and-tokens-b59b9ccf29c4

OMEGA will prevail

Its so different than bancor.
Can you use omega to trade low volume & liquidity community token ?
Omega rely on exchanges.

OMEGA-who? It might be a good solution but I don't think that you can even compare it with Bancor. The beauty of Bencor is that it cuts the middleman and, for the first time, allows direct convertion to/with a/the smart contrat (...... Bancor smart token). It is first-to-market and its revolutionery. Besides, the combination of the Bancor solution and the team will surely prevail.



Think about it, why would I want to pay an exchange if I have a FOC solution?

How will it prevail if it yet to be unveiled - there is nothing there, yet!

[gal_v]

Hey

I am new to ICO topic, and have a few questions:

1. How much GAS should I put in the transfer of 1 ETH?

2. What if I transferred ETH form myetherwallat.com to BANCOR  address, and by the time they got the ETH, Bancor had already raised the entire 260M dollars. Will I accept the BNT tokens in return for the ETH I transferred? Will Bancor keep the amount I transferred as a donation without giving me the tokens? Will they give me back my Eth?

Thanks

[Weider]

Another great news!


Aragon announcing their partnership with Bancor

https://blog.aragon.one/announcing-our-partnership-with-bancor-d01b43e125dc

[lokojones]

how long will the ICO last? because with the 250mln cap, no reason to rush:)

1 hour

from the website: https://blog.bancor.network/bancor-network-token-bnt-contribution-token-creation-terms-48cc85a63812

Fixed Price: 0.01 ETH per 1 BNT (i.e. 100 BNT per 1 ETH)
Hidden ETH Cap: revealed if 80% of the cap is reached.
Duration: The fundraiser will run for 14 days or until the hidden cap is reached, with a 1 hour minimum time.


BUT I cant find anything regarding 250mln cap? can you please point me to the source...

[Mr.Ease]

how long will the ICO last? because with the 250mln cap, there is no reason to rush:)

I thought the cap was hidden?

Did they announce a 250mln cap? Or are you guessing?

[Mr.Ease]

Hey

I am new to ICO topic, and have a few questions:

1. How much GAS should I put in the transfer of 1 ETH?

2. What if I transferred ETH form myetherwallat.com to BANCOR  address, and by the time they got the ETH, Bancor had already raised the entire 260M dollars. Will I accept the BNT tokens in return for the ETH I transferred? Will Bancor keep the amount I transferred as a donation without giving me the tokens? Will they give me back my Eth?

Thanks

1. Token creation cost lots of gas. Put it at 200K, and you should be fine. Unless they have put a recommendation for more somewhere..

2. The smart contract won't allow any creation after the cap has reached. Your transfer won't go through, but you might loose the gas.

Hope this helps, good luck

[redhero]

Bancor got support from Wings and Aragon

[lokojones]

how long will the ICO last? because with the 250mln cap, there is no reason to rush:)

I thought the cap was hidden?

Did they announce a 250mln cap? Or are you guessing?

Someone was shouting on page 71, see below - I thought this is official now

"I think we need to use big red letters for the devs to actually answer this question.

Why have you decided on capping the ICO at 260 million dollars?

It is right there in the contract. And it is too high. Since you are selling only 50% coins in that presale, that would make the market cap of Bancor at 520 million dollars. You can arbitralily chose the hard cap and set it to 50 million or 150 million, so why do you want to set it at exactly 250 million dollars and not lower despite the community asks you to do so? Many people were rising this question and the team denies to answer it. Why do you want 260 million dollars? And if you don't wan't that much, why do you avoid capping the ICO lower?"

[gal_v]

Hey

I am new to ICO topic, and have a few questions:

1. How much GAS should I put in the transfer of 1 ETH?

2. What if I transferred ETH form myetherwallat.com to BANCOR  address, and by the time they got the ETH, Bancor had already raised the entire 260M dollars. Will I accept the BNT tokens in return for the ETH I transferred? Will Bancor keep the amount I transferred as a donation without giving me the tokens? Will they give me back my Eth?

Thanks

1. Token creation cost lots of gas. Put it at 200K, and you should be fine. Unless they have put a recommendation for more somewhere..

2. The smart contract won't allow any creation after the cap has reached. Your transfer won't go through, but you might loose the gas.

Hope this helps, good luck

1. They also published to put 200000 gas for 1 Eth
https://blog.bancor.network/how-to-contribute-to-the-bancor-protocol-fundraiser-4306654a1a08

2. So if the cap has reached, Will i get my eth back without the gas?

Thanks

[StevePe]

The value of the BNT after ICO will depend on three main unknowns:

- How much BNT will be required as reserve for smart tokens created through the Bancor platform before the monthly fee is waived
- How high the monthly fee will be for smart tokens created using the Bancor platform
- How the CRR of the BNT will be changed after the ICO

And of course general adoption but that is anybody's guess right now anyway.

What monthly fee?

Bancor will require a monthly fee for users that opt out of BNT as a reserve in their smart tokens. Details unclear as of now.

[crypt0dude]

Hey guys, first post here

I'm trying to figure out what the roi and break even point is for early investors/contributors.

Is the following correct?
Ico lasting time = Minimum: 1 hour, Maximum: $250m / 14 days.
50% token release for early investors/contributors, 20% free as promotion and partnerships rewards, 10% for team, 20% team reserve (company).
Max $250m. 1 Eth ~= $250 (let's assume and work with this value as of this example). 1 Eth => 100 Bancor (BNT) tokens. Thus:
1 BNT = $250/100 Eth = $2,50
$250m/Eth($250) = 100m Eth => 100m Eth * 100 BNT = 10b BNT.
Circulating supply = 50% * 10b BNT = 5b
Total supply = 10b
Break-even profit point per BNT = > ($5 + total preceding costs).

If the break-even profit point is say $5,50, is it even worth to invest in this ico? I mean, 10 billion tokens is way too much for the given price of 1 BNT for 0,01 ETH.
That's only 50% of the total supply, thus for 5b BNT. I don't think huge gains can be made when hit on the exchanges due to two forementioned points, while still carrying a high risk.

Please enlighten me further, thank you.

[crypt0dude]

Hey guys, first post here

I'm trying to figure out what the roi and break even point is for early investors/contributors.

Is the following correct?
Ico lasting time = Minimum: 1 hour, Maximum: $250m / 14 days.
50% token release for early investors/contributors, 20% free as promotion and partnerships rewards, 10% for team, 20% team reserve (company).
Max $250m. 1 Eth ~= $250 (let's assume and work with this value as of this example). 1 Eth => 100 Bancor (BNT) tokens. Thus:
1 BNT = $250/100 Eth = $2,50
$250m/Eth($250) = 100m Eth => 100m Eth * 100 BNT = 10b BNT.
Circulating supply = 50% * 10b BNT = 5b
Total supply = 10b
Break-even profit point per BNT = > ($5 + total preceding costs).

If the break-even profit point is say $5,50, is it even worth to invest in this ico? I mean, 10 billion tokens is way too much for the given price of 1 BNT for 0,01 ETH.
That's only 50% of the total supply, thus for 5b BNT. I don't think huge gains can be made when hit on the exchanges due to two forementioned points, while still carrying a high risk.

Please enlighten me further, thank you.

Nvm, what I suspected was right. This isn't the investment for me, having read the white paper. The price volatility will be even much lower than Ripple (due to CRR), if you're lucky, your roi will be a very long term hold with little gain, while carrying high risk.
Now I understand why they never wanted to officialy publish the total supply. If the CEO carries responsbility over to Ethereum (instead of their product) for a win-win scenario, I know enough. Off I go.

[majestymage]

Hey guys, first post here

I'm trying to figure out what the roi and break even point is for early investors/contributors.

Is the following correct?
Ico lasting time = Minimum: 1 hour, Maximum: $250m / 14 days.
50% token release for early investors/contributors, 20% free as promotion and partnerships rewards, 10% for team, 20% team reserve (company).
Max $250m. 1 Eth ~= $250 (let's assume and work with this value as of this example). 1 Eth => 100 Bancor (BNT) tokens. Thus:
1 BNT = $250/100 Eth = $2,50
$250m/Eth($250) = 100m Eth => 100m Eth * 100 BNT = 10b BNT.
Circulating supply = 50% * 10b BNT = 5b
Total supply = 10b
Break-even profit point per BNT = > ($5 + total preceding costs).

If the break-even profit point is say $5,50, is it even worth to invest in this ico? I mean, 10 billion tokens is way too much for the given price of 1 BNT for 0,01 ETH.
That's only 50% of the total supply, thus for 5b BNT. I don't think huge gains can be made when hit on the exchanges due to two forementioned points, while still carrying a high risk.

Please enlighten me further, thank you.

Nvm, what I suspected was right. This isn't the investment for me, having read the white paper. The price volatility will be even much lower than Ripple (due to CRR), if you're lucky, your roi will be a very long term hold with little gain, while carrying high risk.
Now I understand why they never wanted to officialy publish the total supply. If the CEO carries responsbility over to Ethereum (instead of their product) for a win-win scenario, I know enough. Off I go.

i do not know how you guys made that equation. the price at the end of the ico will be like in your example 1ETH=250$, at exact price as you have bought it ..100BNT for 1ETH =>1 BNT=2,5 $

[Sam San]

Hey guys, first post here

I'm trying to figure out what the roi and break even point is for early investors/contributors.

Is the following correct?
Ico lasting time = Minimum: 1 hour, Maximum: $250m / 14 days.
50% token release for early investors/contributors, 20% free as promotion and partnerships rewards, 10% for team, 20% team reserve (company).
Max $250m. 1 Eth ~= $250 (let's assume and work with this value as of this example). 1 Eth => 100 Bancor (BNT) tokens. Thus:
1 BNT = $250/100 Eth = $2,50
$250m/Eth($250) = 100m Eth => 100m Eth * 100 BNT = 10b BNT.
Circulating supply = 50% * 10b BNT = 5b
Total supply = 10b
Break-even profit point per BNT = > ($5 + total preceding costs).

If the break-even profit point is say $5,50, is it even worth to invest in this ico? I mean, 10 billion tokens is way too much for the given price of 1 BNT for 0,01 ETH.
That's only 50% of the total supply, thus for 5b BNT. I don't think huge gains can be made when hit on the exchanges due to two forementioned points, while still carrying a high risk.

Please enlighten me further, thank you.

do you have any information that the exchange wants to have for sales of a direct competitor Bancor?

[Aetrader]

Hey guys, first post here

I'm trying to figure out what the roi and break even point is for early investors/contributors.

Is the following correct?
Ico lasting time = Minimum: 1 hour, Maximum: $250m / 14 days.
50% token release for early investors/contributors, 20% free as promotion and partnerships rewards, 10% for team, 20% team reserve (company).
Max $250m. 1 Eth ~= $250 (let's assume and work with this value as of this example). 1 Eth => 100 Bancor (BNT) tokens. Thus:
1 BNT = $250/100 Eth = $2,50
$250m/Eth($250) = 100m Eth => 100m Eth * 100 BNT = 10b BNT.
Circulating supply = 50% * 10b BNT = 5b
Total supply = 10b
Break-even profit point per BNT = > ($5 + total preceding costs).

If the break-even profit point is say $5,50, is it even worth to invest in this ico? I mean, 10 billion tokens is way too much for the given price of 1 BNT for 0,01 ETH.
That's only 50% of the total supply, thus for 5b BNT. I don't think huge gains can be made when hit on the exchanges due to two forementioned points, while still carrying a high risk.

Please enlighten me further, thank you.

Looks like your math is off.
Correction in red:
Max $250m. 1 Eth ~= $250 (let's assume and work with this value as of this example). 1 Eth => 100 Bancor (BNT) tokens. Thus:
1 BNT = $250/100 Eth = $2,50
$250m/Eth($250) = 1m Eth => 1m Eth * 100 BNT = 100m BNT.
Total supply = 200b BNT

Of course this is all an assumption of $250m token sale cap.