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

[gomei]

You wouldn't believe what I just found - Bancor Network BNT to Bitcoin BTC Exchange / HitBTC is already trading at 30% up - wtf (........ and that's even before the start of their ICO)/

https://hitbtc.com/exchange/BNT-to-BTC

Where do these BNT coins come form? From the pre-ico? How can they do that even before the start of the formal ICO? 

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[520Bit]

I just noticed the bounties program. So I update my signature and avatar. I would like to join in spreading Bancor into China community.

I have created a QQ group for discussion. Welcome to join us.

QQ Group Name：Bancor Fans(爱好者)
QQ Group Number：537805677

Alternatively, a WeChat group has been created for discussion. Please scan the QR code to join in if you want.

[Zechis966]

Buy the ICO sell with 2x-5x profit win win , that's why I only participate on iCOs.  

Doesn't always work that way. Remember Bitbay's launch? or Waves? overhyped, overbought icos that went over like a fart in church at launch. Long term it's a good investment maybe, but this could easily end up like those. If that's the case you are much better off waiting for the dump at half the ico price to buy.

Recent ICOs are pretty good, at least more than 50% good.  

Recent icos didn't take in even 1/5th of 1 million eth, or $300m usd. If it really does that I wish buyers luck, I'm out. When you add the other 50% of coins you are over half a billion mkt cap - you must be out of your mind thinking this is a good ico price. Where is the upside?!
If this idea takes off it's a good price, but we have no idea if it will or not. Risk/reward doesn't work with an ico price that high. At all. Of course we are all assuming that will happen - maybe it will only take in 200k eth or something, and take the full 14 days. In that case I'm in.

It's too late and I literally JUST found this thread so have mercy with this question, how do we know the cap again? I thought it was hidden but everyone keeps saying 300 cap with 750 or something.

I was almost exclusively interested because of the hidden cap...saw how well that did for aragon when I got home and it was over... T_T

[AmarO]

Buy the ICO sell with 2x-5x profit win win , that's why I only participate on iCOs.  

Doesn't always work that way. Remember Bitbay's launch? or Waves? overhyped, overbought icos that went over like a fart in church at launch. Long term it's a good investment maybe, but this could easily end up like those. If that's the case you are much better off waiting for the dump at half the ico price to buy.

Recent ICOs are pretty good, at least more than 50% good.  

Recent icos didn't take in even 1/5th of 1 million eth, or $300m usd. If it really does that I wish buyers luck, I'm out. When you add the other 50% of coins you are over half a billion mkt cap - you must be out of your mind thinking this is a good ico price. Where is the upside?!
If this idea takes off it's a good price, but we have no idea if it will or not. Risk/reward doesn't work with an ico price that high. At all. Of course we are all assuming that will happen - maybe it will only take in 200k eth or something, and take the full 14 days. In that case I'm in.

It's too late and I literally JUST found this thread so have mercy with this question, how do we know the cap again? I thought it was hidden but everyone keeps saying 300 cap with 750 or something.

I was almost exclusively interested because of the hidden cap...saw how well that did for aragon when I got home and it was over... T_T

My perspective has changed on BANCOR, I may support this project(probably not). My issue is the amount of money going to the dev team. ~50% of funds(ETH) from ICO is going to the dev team while 10% coin to founders, team members, advisors and early contributors, is an issue for me. It shows BANCOR does not have a big economic stake in the coin, they have barely any coin when it is split amongst all those people. You would want the project you support to have the devs have a bigger stake in the coin and less in the ICO funding. They should take less money from the funding and have a bigger coin stake, due to this I will most likely not support this project. However I feel their ICO set up is not too bad, the 1 hour hype and all that marketing hype is still shill. Due to those issues I'd still put it in the "Dev Shill Category"


In my opinion the best way to set up a project in todays' age so Whales don't buy it out and letting all participate is to set an unlimited cap over a month with proceeding less coin per round

EXAMPLE 1 ETH = 1000 BNT First Week, 1 ETH= 750 BNT Second Week, 1 ETH = 650 BNT Third Week, 1 BTH = 500 BNT Fourth Week

[StevePe]

You wouldn't believe what I just found - Bancor Network BNT to Bitcoin BTC Exchange / HitBTC is already trading at 30% up - wtf (........ and that's even before the start of their ICO)/

https://hitbtc.com/exchange/BNT-to-BTC

Nonsense. BNT/BTC price over at hitbtc.com at the time of this post is 1.7% over BNT ICO price. I checked the same pair yesterday and it was virtually identical to ICO price. Price difference now is a result of ETH/BTC variation since the bidder placed the order. As I am typing this some other genius has placed a bid of 0.001209 BTC for a BNT which is 2.49% over ICO price... The only way this is a good bet is when ETH appreciates in value against BTC by a greater amount until ICO is over, or if the Bancor team messes with the BNT CRR in some way until then. All that at an amazing market depth of $16.62. So yeah - go ahead and claim your $0.33 profit.

[Qiuyue201]

It's too late and I literally JUST found this thread so have mercy with this question, how do we know the cap again? I thought it was hidden but everyone keeps saying 300 cap with 750 or something.

It is right there in the contract code hard coded as 1 million ETH, which equals 350 million USD, which equals 700 million market cap.

[StevePe]

Bancor auditor Nick Johnson says code needs more tests: https://twitter.com/nicksdjohnson/status/873646232878632960

[Qiuyue201]

No matter how bad the terms are, people will buy into this anyway.

[Anarchy101]

You wouldn't believe what I just found - Bancor Network BNT to Bitcoin BTC Exchange / HitBTC is already trading at 30% up - wtf (........ and that's even before the start of their ICO)/

https://hitbtc.com/exchange/BNT-to-BTC

Damn! what are they doing lately they started adding all the pre-ICO tokens to their site first they added Patientory, then aeternity and now Bancor.

[shewasfourteen]

No matter how bad the terms are, people will buy into this anyway.

Ya that how it goes. As long as u will do money with that.....people will invest in this ico. Every ICO Project this years started with x2 and more on the exchange. Noone will sell his coins less then ico price. You will do always some money with legit/good ico projects

[BWH1984]

It's too late and I literally JUST found this thread so have mercy with this question, how do we know the cap again? I thought it was hidden but everyone keeps saying 300 cap with 750 or something.

It is right there in the contract code hard coded as 1 million ETH, which equals 350 million USD, which equals 700 million market cap.

Everyone is talking about the first hour hard cap (extremely high because the first hour is supposed to be "unlimited")... which should be (and hopefully is) completely different from the hidden cap and very unlikely to be reached or even approached within the first hour.

[AmarO]

It's too late and I literally JUST found this thread so have mercy with this question, how do we know the cap again? I thought it was hidden but everyone keeps saying 300 cap with 750 or something.

It is right there in the contract code hard coded as 1 million ETH, which equals 350 million USD, which equals 700 million market cap.

Everyone is talking about the first hour hard cap (extremely high because the first hour is supposed to be "unlimited")... which should be (and hopefully is) completely different from the hidden cap and very unlikely to be reached or even approached within the first hour.

Wonder how reasonable the hidden cap is? Lol, could be ridiculous like 150m.

Best way to ICO is below with unlimited cap..

1 ETH = 1000 BNT First Week
1 ETH= 750 BNT Second Week
1 ETH = 650 BNT Third Week
1 ETH = 500 BNT Fourth Week

[Qiuyue201]

It's too late and I literally JUST found this thread so have mercy with this question, how do we know the cap again? I thought it was hidden but everyone keeps saying 300 cap with 750 or something.

It is right there in the contract code hard coded as 1 million ETH, which equals 350 million USD, which equals 700 million market cap.

Everyone is talking about the first hour hard cap (extremely high because the first hour is supposed to be "unlimited")... which should be (and hopefully is) completely different from the hidden cap and very unlikely to be reached or even approached within the first hour.

That's because we all know the 350 million USD will be hit anyway.
But for your information, the soft one is definitely no lower than 62,5 million, because from that tier of money collected Wings holders will be getting 250 000 USD worth of ETH and Bancor tokens, so no point in stating this if 62,5 million would be below that, so we know for sure it is higher than that. I think that it might be somewhere around 100 million but that is irrelevant since much more will be collected anyway.



Summary:
350 000 000 USD hard cap (50% tokens being sold)
700 000 000 USD market cap after launch
soft cap no less than 62 500 000 USD.


Sources: hard cap can be found in official Bancor contract that is deployed and linked on their blog, market cap is simply multiplying it by two, soft cap estimation is from official Wings blog stated by Bancor devs.

[Roidz]

Why all people talking about 100-200-300million USD?
As far as i know, no one raised a lot like this in the past ICO in the history ( USD at time of the ico), am i wrong?
For example look at the ethereum, they raised $18m at that time.

Someone clarify me please, just asking 

[john312]

It's too late and I literally JUST found this thread so have mercy with this question, how do we know the cap again? I thought it was hidden but everyone keeps saying 300 cap with 750 or something.

It is right there in the contract code hard coded as 1 million ETH, which equals 350 million USD, which equals 700 million market cap.

Everyone is talking about the first hour hard cap (extremely high because the first hour is supposed to be "unlimited")... which should be (and hopefully is) completely different from the hidden cap and very unlikely to be reached or even approached within the first hour.

That's because we all know the 350 million USD will be hit anyway.
But for your information, the soft one is definitely no lower than 62,5 million, because from that tier of money collected Wings holders will be getting 250 000 USD worth of ETH and Bancor tokens, so no point in stating this if 62,5 million would be below that, so we know for sure it is higher than that. I think that it might be somewhere around 100 million but that is irrelevant since much more will be collected anyway.



Summary:
350 000 000 USD hard cap (50% tokens being sold)
700 000 000 USD market cap after launch
soft cap no less than 62 500 000 USD.


Sources: hard cap can be found in official Bancor contract that is deployed and linked on their blog, market cap is simply multiplying it by two, soft cap estimation is from official Wings blog stated by Bancor devs.

That would place Bancor at 11th place on Coinmarketcap.com.

[john312]

Why all people talking about 100-200-300million USD?
As far as i know, no one raised a lot like this in the past ICO in the history ( USD at time of the ico), am i wrong?
For example look at the ethereum, they raised $18m at that time.

Someone clarify me please, just asking 

That's because of two factors:
- ETH was much cheaper back then, so if people sent 100 ETH to an ICO then and 100 ETH to an ICO now, current value is higher
- other ICOs were capped, so it stopped after certain value, this one lets everyone buy till 350 million (700 million) i filled

[Roidz]

Why all people talking about 100-200-300million USD?
As far as i know, no one raised a lot like this in the past ICO in the history ( USD at time of the ico), am i wrong?
For example look at the ethereum, they raised $18m at that time.

Someone clarify me please, just asking 

That's because of two factors:
- ETH was much cheaper back then, so if people sent 100 ETH to an ICO then and 100 ETH to an ICO now, current value is higher
- other ICOs were capped, so it stopped after certain value, this one lets everyone buy till 350 million (700 million) i filled

exactly.

1- USD are always USD, even if there are more millionaires in the crypto world now.
2- if i remember well, ETH ICO was around 42 days ( not a small time frame) and raised 18m. It was the 2nd most successful ICO.

[BWH1984]

An interesting read for most people in this thread: Vitalik Buterin's objective analysis on token sale models in general. (Not specifically about the Bancor ICO, but mentioned several times as an example)

http://vitalik.ca/general/2017/06/09/sales.html

[stefanoste]

It's too late and I literally JUST found this thread so have mercy with this question, how do we know the cap again? I thought it was hidden but everyone keeps saying 300 cap with 750 or something.

It is right there in the contract code hard coded as 1 million ETH, which equals 350 million USD, which equals 700 million market cap.

Everyone is talking about the first hour hard cap (extremely high because the first hour is supposed to be "unlimited")... which should be (and hopefully is) completely different from the hidden cap and very unlikely to be reached or even approached within the first hour.

That's because we all know the 350 million USD will be hit anyway.
But for your information, the soft one is definitely no lower than 62,5 million, because from that tier of money collected Wings holders will be getting 250 000 USD worth of ETH and Bancor tokens, so no point in stating this if 62,5 million would be below that, so we know for sure it is higher than that. I think that it might be somewhere around 100 million but that is irrelevant since much more will be collected anyway.



Summary:
350 000 000 USD hard cap (50% tokens being sold)
700 000 000 USD market cap after launch
soft cap no less than 62 500 000 USD.


Sources: hard cap can be found in official Bancor contract that is deployed and linked on their blog, market cap is simply multiplying it by two, soft cap estimation is from official Wings blog stated by Bancor devs.

1 Eth is now around 350usd  and probably will remain the same  330-360 by the  ico time , so 1eth still 100BNT ?? even if Eth raise more than 100usd since you publish the whitepaper  ,you should consider  to adjust a bit

[Shahrul09]

GUY BEWARE SCAM WEBSITE
http://bancor.technology/fundraiser

DONT PLACE YOUR FUND IN THIS WEBSITE.
THAT NOT AN OFFICIAL WEBSITE

https://www.reddit.com/r/Bancor/comments/6gk6tt/i_got_scammed_20_eth_do_not_give_money_to_this/

Spread it!