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

[ePesoInitiative]

So what do we expect the price to be when BNT's exchange is up or if BNT hits other exchanges? And how soon?

It will fair expectation of seeing at least $10 for the token from the starting day on big exchanges. It was sold at about $4 per token and double value will be normal following the current trend in which every token went few times higher than offered price in ICO.

Kinda scary to be honest to see ICOs nowadays instantly double your money.
House of Cards being built...

How To Make E-Z Money:

Invest In ICO
Double+ Up (Take out money)
Invest In Another ICO
Double+ Up (Take out money)

Rinse and Repeat.

Like it didn't happen in Silicon Valley  

Yeah but instantly doubling or quadrupling your money in literally days. Insane. I'm not complaining though. 

Just learn to GTFO fast when the dot.com ICO bubble bursts.

[cryptomartin]

Hi, guys! Can you explain to me when I can exchange bounty coins and how do I do that? Thanks in advance.

[aguila]

Hi, guys! Can you explain to me when I can exchange bounty coins and how do I do that? Thanks in advance.

After BNT are unlocked you would be able to claim the bounty coins

[TheRedDevil]

So what do we expect the price to be when BNT's exchange is up or if BNT hits other exchanges? And how soon?

It will fair expectation of seeing at least $10 for the token from the starting day on big exchanges. It was sold at about $4 per token and double value will be normal following the current trend in which every token went few times higher than offered price in ICO.

Kinda scary to be honest to see ICOs nowadays instantly double your money.
House of Cards being built...

How To Make E-Z Money:

Invest In ICO
Double+ Up (Take out money)
Invest In Another ICO
Double+ Up (Take out money)

Rinse and Repeat.

Like it didn't happen in Silicon Valley  

Yeah but instantly doubling or quadrupling your money in literally days. Insane. I'm not complaining though. 

Just learn to GTFO fast when the dot.com ICO bubble bursts.

The ICO bubble is the perfect way to go from x to 100x in a matter of few months. How long this can sustain is another question.. People are going after each and every new ico regardless of whether it has potential or not. Funding obtained is unbelievable.

[louie2001912]

The ICO bubble may not pop for another year. In the mean time risk what you can so you have no risk of ruin. Be smart but be aggressive.

[duke944]

Bubble may be popping now, eth and btc both down over 20% in last few days.

Is this a correction or the start of a crash?

[louie2001912]

I severely doubt this is a bubble pop, looks like a perfect retracement for profit taking, seeing we went from $100 to $400 in less than a month.

[paulmaritz]

The market is already busy turning upwards again. 

[duke944]

I severely doubt this is a bubble pop, looks like a perfect retracement for profit taking, seeing we went from $100 to $400 in less than a month.

From $10 to $400 in just a few months, I could easily see blood in the $100s soon. Still a remarkable rise.

[TKeenan]

What happened to the "Bounty Manager" on the Bancor app? It shows they haven't been active in 2 days. They discontinued some of the bounties, but others are still running.

There are also people who are still waiting for their reward from the previous week, and no I'm not referring to those who signed up too late or waited too long to submit.

Are they all just hiding to recover from the ICO backlash? Radio silence isn't the best course of action IMO.

[duke944]

I hope bounty hunters get totally stiffed, wtf cares.
Get a fucking job and buy these icos with money you earned.

[Shahrul09]

What happened to the "Bounty Manager" on the Bancor app? It shows they haven't been active in 2 days. They discontinued some of the bounties, but others are still running.

There are also people who are still waiting for their reward from the previous week, and no I'm not referring to those who signed up too late or waited too long to submit.

Are they all just hiding to recover from the ICO backlash? Radio silence isn't the best course of action IMO.

'Hi guys also FYI we gave the bounty manager a couple days off after a very intense period so responses will be slimmer here but we are documenting all the questions (also fixing bugs and making progress on bounty token conversion mechanism and policy) and will update soon. Don't take the quiet days to mean we are gone...only that we're human and we're so happy to have so many additional humans on our team. 👾'



Some of the bounty hunter just plainly stupid, didnt post report properly, just paste their twitter or facebook account link.
They really deserve not to be pay

[Amritt]

When to remove the signature and avatar ? The bounty is already over ! Not paid last week . Almost two weeks just like wear a signature and avatar 

[Shahrul09]

When to remove the signature and avatar ? The bounty is already over ! Not paid last week . Almost two weeks just like wear a signature and avatar  

Bounty program is over, you can remove it.( this i already confirm it with manager)

If your cycle is not full whole week before 12th june(before ico end). You not gonna get paid,(they pay automatically because its based on your sign up date) they pay when you complete one whole week before bounty end. They pay weekly, not daily.

[Zechis966]

Just learn to GTFO fast when the dot.com ICO bubble bursts.

I just think that we havn't even hit the precipice, because so little outside money from the rest of the global markets has entered cryptos.

It's getting bigger but it's gonna hit a point when every tech and investment firm and possibly many others think they'll be able to make some gains from the crypto world and that's when it's gonna get crazy. Maybe 1 year from now?

Just the fact that it went from like 3 mil per ICO was good to 53 million from MGO and then liek 25 mil from ANT 36M from BAT 150M from BNT and now it's looking like a super fast 40M from SOMN...next year I suspect we'll see 100M being the average ICO price maybe more, when we're at 1B per ICO is when I'll have my exit strategy hard mapped!

[TKeenan]

What happened to the "Bounty Manager" on the Bancor app? It shows they haven't been active in 2 days. They discontinued some of the bounties, but others are still running.

There are also people who are still waiting for their reward from the previous week, and no I'm not referring to those who signed up too late or waited too long to submit.

Are they all just hiding to recover from the ICO backlash? Radio silence isn't the best course of action IMO.

'Hi guys also FYI we gave the bounty manager a couple days off after a very intense period so responses will be slimmer here but we are documenting all the questions (also fixing bugs and making progress on bounty token conversion mechanism and policy) and will update soon. Don't take the quiet days to mean we are gone...only that we're human and we're so happy to have so many additional humans on our team. 👾'

Ah, that was posted in the Slack I take it? At least it was officially communicated (just hard to locate, they should at least have an "Announcements" channel or something IMO).

When to remove the signature and avatar ? The bounty is already over ! Not paid last week . Almost two weeks just like wear a signature and avatar  

Bounty program is over, you can remove it.( this i already confirm it with manager)

If your cycle is not full whole week before 12th june(before ico end). You not gonna get paid,(they pay automatically because its based on your sign up date) they pay when you complete one whole week before bounty end. They pay weekly, not daily.

Yes the bounty is over, but no it's not automatic. The Bounty Manager has to review your post and manually pay you. I actually have a friend who posted at the same time as me (seconds apart, long before the bounty window was closed) and "Bounty Manager" commented on both of our posts, but only one of us were paid. I'm going to assume they were just rushing and missed some people. It'll likely be taken care of once "Bounty Manager" returns (I think it's a bit unprofessional to just bail before resolving all the issues, but it is what it is). They're probably all off celebrating being multi-millionaires right about now. 

[ulhaq]

Can someone explain whether this goes beyond multi-way exchanges?

Eg, let's say that I want to trade ether for nubits, and there is no one on the other side of the exchange. But there is someone who wants ether and will give up siacoin for it, and there is a third person who wants siacoin and will give up nubits. A 3-way exchange could be made. Additional multi-way exchanges (4-way, etc) could also be done, and all of these would effectively increase liquidity.

But I am getting the idea that the Bancor protocol goes beyond this, and will create reserve tokens even in the absence of any multi-way exchange? Is this right, or is Bancor simply facilitating multi-way exchanges?

So no one seems to understand how it works, but many people are eager to invest in it...

[wafdawg]

Can someone explain whether this goes beyond multi-way exchanges?

Eg, let's say that I want to trade ether for nubits, and there is no one on the other side of the exchange. But there is someone who wants ether and will give up siacoin for it, and there is a third person who wants siacoin and will give up nubits. A 3-way exchange could be made. Additional multi-way exchanges (4-way, etc) could also be done, and all of these would effectively increase liquidity.

But I am getting the idea that the Bancor protocol goes beyond this, and will create reserve tokens even in the absence of any multi-way exchange? Is this right, or is Bancor simply facilitating multi-way exchanges?

So no one seems to understand how it works, but many people are eager to invest in it...

I view it as a commodities exchange like the Comex.  Bancor holds so many ETH in reserves that they can make any market on the ETH platform liquid thus setting exchange prices so precise eliminating or automating bid/ask and it's just price.

[TKeenan]

Can someone explain whether this goes beyond multi-way exchanges?

Eg, let's say that I want to trade ether for nubits, and there is no one on the other side of the exchange. But there is someone who wants ether and will give up siacoin for it, and there is a third person who wants siacoin and will give up nubits. A 3-way exchange could be made. Additional multi-way exchanges (4-way, etc) could also be done, and all of these would effectively increase liquidity.

But I am getting the idea that the Bancor protocol goes beyond this, and will create reserve tokens even in the absence of any multi-way exchange? Is this right, or is Bancor simply facilitating multi-way exchanges?

So no one seems to understand how it works, but many people are eager to invest in it...

Bancor is basically just a simplified exchange (with a bit of a social network built in). There's no bidding system, just a token with a price. It's meant to simplify token exchanges while increasing liquidity of less traded tokens (since there's no bidding system to wait on). It's the perfect system for someone who isn't a day-trader (someone who doesn't need all the charts/graphs for trend analysis).

The only negative I can think of with Bancor is that it isn't decentralized (at least I don't think so?). So it's still possible for their entire system to crash/have downtime, and you can bet your ass they'll have arbitrage bots working full time in the background picking up any profits possible (between them and the main exchanges).

[jlspartz]

So what do we expect the price to be when BNT's exchange is up or if BNT hits other exchanges? And how soon?

It will fair expectation of seeing at least $10 for the token from the starting day on big exchanges. It was sold at about $4 per token and double value will be normal following the current trend in which every token went few times higher than offered price in ICO.

Kinda scary to be honest to see ICOs nowadays instantly double your money.
House of Cards being built...

How To Make E-Z Money:

Invest In ICO
Double+ Up (Take out money)
Invest In Another ICO
Double+ Up (Take out money)

Rinse and Repeat.

Like it didn't happen in Silicon Valley  

Yeah but instantly doubling or quadrupling your money in literally days. Insane. I'm not complaining though. 

Just learn to GTFO fast when the dot.com ICO bubble bursts.

The ICO bubble is the perfect way to go from x to 100x in a matter of few months. How long this can sustain is another question.. People are going after each and every new ico regardless of whether it has potential or not. Funding obtained is unbelievable.

There's three ways I see the bubble popping and all would crash the entire market, not just ICOs.  But I'm sure some coins would rise from the dust after.

If old coins die, and money shifts to new ones, no problem, but if each remain at the levels they reach than real backing is spread thin and falls short of catching it before it faceplants.  This is what most think will happen, but I don't see this scenario happening before either of the next ones.

5% of the coins being traded is what sets the price, and 5% immediately dumped tanks the market.  That being said, if an ICO raises enough, money is sucked off the market making support vulnerable, and given to one group who could decide to dump immediately to fiat and there goes the market.  Killing the entire market immediately in this manner would need 1 billion USD raised and dumped.  This is immediate - half of that could probably kill it by market momentum.

If an ICO that raises a lot of money and decides to only accept funds in a currency other than BTC or ETH right now, which would pump an investment on the side for them (very likely to happen), the major loss of funds from the big players would make the entire market vulnerable, and would fall like dominoes.