ngin-x
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June 23, 2017, 10:16:51 AM |
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Just a question : how many of you did really understand how bancor works? How many really understand the difference between trade bancor over an exchange (where price is made by humans) or directly from the bancor contract address (where price is made by the algorithm). A lot of confusion here I'll be honest. I had no idea how bancor trade works directly over contract address but I googled and read the official blog to learn all about it. It's a fascinating concept to use smart contracts for trading but what determines the price they are exchanging tokens at? "USING THIS CONTRACT WILL PURCHASE BNT AT THE PRICE EFFECTIVE WHEN THE TRANSACTION IS PROCESSED. THERE IS NO WAY TO LIMIT THE PRICE." This is very ambiguous to say the least. I'd rather trust an exchange where humans trade rather than an algorithm deciding the price for me especially when there is no way to know beforehand the rate I'll get. Check the current smart contract price in their official website https://www.bancor.network/bntBut the question remains. Where does Bancor derive it's price from? On an exchange, it's simple supply and demand dynamics. Edit: Ok the previous post answers my question. Thanks.
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Even in the event that an attacker gains more than 50% of the network's
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reversed or double-spent. The network would not be destroyed.
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520Bit
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June 23, 2017, 10:50:13 AM |
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Anyone having issues logging in from this page? https://app.bancor.network I only see an option to login with Messenger/Telegram/Wechat but this is not how I had created an account initially, so I can't login. You have to click one of the options Messenger/Telegram/Wechat to login. First you should have an account. Then you will be fine to login.
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Lankster
Newbie
Offline
Activity: 42
Merit: 0
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June 23, 2017, 12:23:58 PM |
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TOTAL SUPPLY 81.862M With each purchase through smart contract , new bnt will be created (bnt is unlimited) . Hence the supply increase , and this increase the value too Won't this constantly dilute the value of existing tokens? Why should anyone hold then? Having a problem grasping this too. If they are constantly upping the supply the price will just remain stagnant..at least according to the laws of supply and demand
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D3m0nKinGx
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June 23, 2017, 12:25:41 PM |
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TOTAL SUPPLY 81.862M With each purchase through smart contract , new bnt will be created (bnt is unlimited) . Hence the supply increase , and this increase the value too Won't this constantly dilute the value of existing tokens? Why should anyone hold then? Having a problem grasping this too. If they are constantly upping the supply the price will just remain stagnant..at least according to the laws of supply and demand Contract price increases with increasing supply, read the white paper
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Shahrul09
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June 23, 2017, 01:20:39 PM |
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TOTAL SUPPLY 81.862M With each purchase through smart contract , new bnt will be created (bnt is unlimited) . Hence the supply increase , and this increase the value too Won't this constantly dilute the value of existing tokens? Why should anyone hold then? Having a problem grasping this too. If they are constantly upping the supply the price will just remain stagnant..at least according to the laws of supply and demand You should read the whole whitepaper or Faq. https://www.bancor.network/faq/general'Smart tokens are compatible with the ERC20 standard and can be used by any software that supports this standard, such as Ethereum wallets. However, smart tokens offer additional functionality not available to regular tokens. Each smart token holds a reserve balance in one or more other ERC20 tokens, thereby enabling anyone to exchange between itself and any of its reserve token(s). The smart token’s smart contract issues new tokens (expanding the supply) to anyone who purchases it with any of its reserve tokens, and withdraws tokens from the reserves (contracting supply) for anyone choosing to liquidate the smart token. The price of a smart token vis-a-vis any of its reserve tokens is calculated as a ratio between the current smart token’s supply and its reserve balance, at the pre-set CRR (Constant Reserve Ratio.) Please read our white paper available on the Bancor website for more detailed information about these formulas and their proofs. Essentially, a smart token’s price will always strive to balance supply and demand for the smart token, meaning that when it is being purchased the price is climbing, and when it is being sold, the price is dropping, in relative proportion to the respective transaction sizes.Now the activation of smart contract is just the beginning. This smart contract just the basis of bancor. Bancor network token (bnt) will be used as a default reserve when people want to create smart token in its platform. The BANCOR network token is the Genesis smart token to be deployed, establishing the BANCOR network, functioning as its native currency. The BANCOR token will hold a reserve in ETH. BANCOR tokens will be issued in a crowdsale. The crowdsale proceeds will be used to deploy and continuously evolve a user-friendly web/chatbot interface for issuing and using tokens in the BANCOR network, to support various efforts for growing the network such as investing in the reserves of new tokens, and to make the initial deposits required to set up a new type of high liquidity decentralized token exchange network based on the Bancor protocol, using 100% CRR token changers. All smart tokens issued within the Bancor network will hold the BANCOR token as a reserve (though they may also hold additional reserve tokens.) This means that an appreciation in the value of any of the network’s smart tokens will appreciate the value of the BANCOR network token, benefiting all other smart tokens in the BANCOR network, since their reserve balance value will increase. BANCOR will also be used as a reserve for the token changers that make up its decentralized exchange network. A BANCOR token changer is basically a smart token that holds a 50% CRR reserve in BANCOR, and 50% CRR reserve in an existing, standard ERC 20 token (e.g. REP, GNT, RLC) allowing end-users to easily convert between the two by buying the smart token with one reserve token and selling it for the other. In the future, Bancor plans to support additional tokens as well. Tldr: bnt wont stagnant
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dotnetmin
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June 23, 2017, 01:35:31 PM |
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Just a question : how many of you did really understand how bancor works? How many really understand the difference between trade bancor over an exchange (where price is made by humans) or directly from the bancor contract address (where price is made by the algorithm). A lot of confusion here Yes, sir. too much complicated to trade without knowing how much get even sell or buy. i can not see the worth of 140m$ fundraising for this project. bye on this project, sold my BNT, do not see any value
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D3m0nKinGx
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June 23, 2017, 01:36:51 PM |
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eastwind_ja
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June 23, 2017, 02:04:06 PM |
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does somebody knows when we can change BNCHDL bounty tokens to bnt ?
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babar123
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June 23, 2017, 02:44:45 PM |
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can anyone tell what was the ico price for 1 BNT ?
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savon2k
Member
Offline
Activity: 106
Merit: 10
giants may cry too
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June 23, 2017, 02:53:23 PM |
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I think Bancor will be an epic bubble! Gonna get big
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paulmaritz
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June 23, 2017, 02:53:37 PM |
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can anyone tell what was the ico price for 1 BNT ?
0.01 ETH
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babar123
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June 23, 2017, 03:01:19 PM |
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can anyone tell what was the ico price for 1 BNT ?
0.01 ETH so price didnt move almost ? 0.01213 btc was ico price now its 0.0150, right ?
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paulmaritz
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June 23, 2017, 03:01:58 PM |
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I think Bancor will be an epic bubble! Gonna get big
If ETH breaks out and give another moon shot... BNT will surely follow!
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paulmaritz
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June 23, 2017, 03:04:04 PM |
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can anyone tell what was the ico price for 1 BNT ?
0.01 ETH so price didnt move almost ? 0.01213 btc was ico price now its 0.0150, right ? I don't know about BTC, it depends on the exchange rate used, but yes, it has moved very little as expressed in ETH.
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GoldKeyInvestments
Newbie
Offline
Activity: 8
Merit: 0
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June 23, 2017, 03:12:49 PM |
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I'm still not seeing this. I log in with messenger and it just takes me to messenger. When I created an account with Bancor to claim bounty coins I initially signed up with my email and a password. I did not with these 3rd party services and hence my account is not associated with these 3rd party services. The communication from Bancor is shockingly bad. Anyone having issues logging in from this page? https://app.bancor.network I only see an option to login with Messenger/Telegram/Wechat but this is not how I had created an account initially, so I can't login. You have to click one of the options Messenger/Telegram/Wechat to login. First you should have an account. Then you will be fine to login.
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xtyling
Sr. Member
Offline
Activity: 588
Merit: 250
Crypto is Life!
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June 23, 2017, 03:27:15 PM |
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Anyone selling Bnt at ICO price, PM me!
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paulmaritz
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June 23, 2017, 03:28:02 PM |
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I'm still not seeing this. I log in with messenger and it just takes me to messenger. When I created an account with Bancor to claim bounty coins I initially signed up with my email and a password. I did not with these 3rd party services and hence my account is not associated with these 3rd party services. The communication from Bancor is shockingly bad. Anyone having issues logging in from this page? https://app.bancor.network I only see an option to login with Messenger/Telegram/Wechat but this is not how I had created an account initially, so I can't login. You have to click one of the options Messenger/Telegram/Wechat to login. First you should have an account. Then you will be fine to login. Why don't you take it up with them via private message? What is there that we can do about it?
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Shahrul09
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June 23, 2017, 04:07:52 PM |
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I'm still not seeing this. I log in with messenger and it just takes me to messenger. When I created an account with Bancor to claim bounty coins I initially signed up with my email and a password. I did not with these 3rd party services and hence my account is not associated with these 3rd party services. The communication from Bancor is shockingly bad. Anyone having issues logging in from this page? https://app.bancor.network I only see an option to login with Messenger/Telegram/Wechat but this is not how I had created an account initially, so I can't login. You have to click one of the options Messenger/Telegram/Wechat to login. First you should have an account. Then you will be fine to login. Er no you dont. I registered with the account from day 1. Its still the same, they prompt you with initially only two option back then, telegram and fb messenger. The apps linked with social media messenger so that their bot can work. Since day 1. Never ever they ask you to register with email
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turquaise
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June 23, 2017, 04:23:09 PM |
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Has anybody think it will raise up? Bancor is selling token their own smart-token contract with low price than market and it will be make market down. I don't know will i run or not from this token.
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