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

[CyanFox]

The price is not good at all, you know we are down with eth at the same time, very bad result.

[paulmaritz]

whats happen to bounty distribution. They told we will distribution next weekend and now its monday

As far as I know those who met the requirements of the bounty program already received their tokens. You should contact them directly if you want answers beyond this. There is very little we can do to help here in terms of the payment of bounties.

[marksup]

The price is going down because it's a scam. And the people that run it have already made their profits and moved on. It'll continue to drop until it becomes yet another scam ICO with a good enough sales pitch to convince people to pump $150M into it.

How exactly is it a scam? How exactly have they "already made their profits and moved on"? They are still frequently providing us with updates (e.g. https://blog.bancor.network/price-floor-smart-contract-deployed-621871bd09ca). Why would they even bother if they "have already made their profits and moved on"? Why would they allow people to sell BNT at a minimum price of 0.01 ETH until 120 000 ETH are gone? Wouldn't it be better to just take all the ETH and run?  

Because the people involved and the ones that are behind this ICO deal with binary options, CFD and forex trading and that's exactly what they do. This ICO is just another way to lure innocent investors who think they can become early adopters of something that will be big and profitable in the future and in the meanwhile clean up on the invested monies. BNT had already reached $2.7 - that's a 90% drop in the past 7 days - the 4th biggest drop in all currencies according to coinmarketcap.com. You'd have to be practically delusional to assume it'll bounce back and live up to the fantasies it presented.

1. Where is your proof that they deal with binary options?

2. The ICO price was at 0.01 ETH. The current price is now 0.010303 ETH. Not exactly a 90% drop. In addition, many of the other cryptos have dropped in price as well as expressed in USD. Based on your logic, all of those must be scams, right?

3. Why would they allow people to sell BNT at a minimum price of 0.01 ETH until 120 000 ETH are gone? Wouldn't it be better to just take all the ETH and run?  

4. They are still frequently providing us with updates (e.g. https://blog.bancor.network/price-floor-smart-contract-deployed-621871bd09ca). Why would they even bother if they "have already made their profits and moved on"?

Please provide answers to the above questions.

I'll answer inline:

1. Where is your proof that they deal with binary options?

Spend 15 mins on social networks and you'll find the connections.

2. The ICO price was at 0.01 ETH. The current price is now 0.010303 ETH. Not exactly a 90% drop. In addition, many of the other cryptos have dropped in price as well as expressed in USD. Based on your logic, all of those must be scams, right?

I don't need to review every crypto to know that the Bancor ICO is complete BS.

3. Why would they allow people to sell BNT at a minimum price of 0.01 ETH until 120 000 ETH are gone? Wouldn't it be better to just take all the ETH and run?  

If they took everyone's money and disappeared it would've brought all hell down upon them. Better to make some and keep everyone guessing than to outright steal it all and run off. Even if they made "only" $30M it's still a nice payday for a few months of work.

4. They are still frequently providing us with updates (e.g. https://blog.bancor.network/price-floor-smart-contract-deployed-621871bd09ca). Why would they even bother if they "have already made their profits and moved on"?

You can't really "move on" and disappear in this digital age, especially when you make your payday with cryptos which is all online and available for everyone to see. Since most people are clueless as to how exactly they're going to monetize on these ICOs - i.e "I'll be a proud owner of X BNTs and get my bounties and it'll be worth x100 in 1 year and I'll be rich".

Know what, I'm not trying to convince you or anyone else. Just my 2c.

[thepo1m]

The price is not good at all, you know we are down with eth at the same time, very bad result.

You can't force anyone not to sell at any price, but instead of people seen this as a bad tthing, it is a good opportunity to buy at discount rate to the ICO price for those that true believe this is a sound project. I could remeber when I was buying SNGLs at 1200sat now the price has done 5X since then. At short term investors are those making noise about the price

[paulmaritz]

The price is going down because it's a scam. And the people that run it have already made their profits and moved on. It'll continue to drop until it becomes yet another scam ICO with a good enough sales pitch to convince people to pump $150M into it.

How exactly is it a scam? How exactly have they "already made their profits and moved on"? They are still frequently providing us with updates (e.g. https://blog.bancor.network/price-floor-smart-contract-deployed-621871bd09ca). Why would they even bother if they "have already made their profits and moved on"? Why would they allow people to sell BNT at a minimum price of 0.01 ETH until 120 000 ETH are gone? Wouldn't it be better to just take all the ETH and run?  

Because the people involved and the ones that are behind this ICO deal with binary options, CFD and forex trading and that's exactly what they do. This ICO is just another way to lure innocent investors who think they can become early adopters of something that will be big and profitable in the future and in the meanwhile clean up on the invested monies. BNT had already reached $2.7 - that's a 90% drop in the past 7 days - the 4th biggest drop in all currencies according to coinmarketcap.com. You'd have to be practically delusional to assume it'll bounce back and live up to the fantasies it presented.

1. Where is your proof that they deal with binary options?

2. The ICO price was at 0.01 ETH. The current price is now 0.010303 ETH. Not exactly a 90% drop. In addition, many of the other cryptos have dropped in price as well as expressed in USD. Based on your logic, all of those must be scams, right?

3. Why would they allow people to sell BNT at a minimum price of 0.01 ETH until 120 000 ETH are gone? Wouldn't it be better to just take all the ETH and run?  

4. They are still frequently providing us with updates (e.g. https://blog.bancor.network/price-floor-smart-contract-deployed-621871bd09ca). Why would they even bother if they "have already made their profits and moved on"?

Please provide answers to the above questions.

I'll answer inline:

1. Where is your proof that they deal with binary options?

Spend 15 mins on social networks and you'll find the connections.

2. The ICO price was at 0.01 ETH. The current price is now 0.010303 ETH. Not exactly a 90% drop. In addition, many of the other cryptos have dropped in price as well as expressed in USD. Based on your logic, all of those must be scams, right?

I don't need to review every crypto to know that the Bancor ICO is complete BS.

3. Why would they allow people to sell BNT at a minimum price of 0.01 ETH until 120 000 ETH are gone? Wouldn't it be better to just take all the ETH and run?  

If they took everyone's money and disappeared it would've brought all hell down upon them. Better to make some and keep everyone guessing than to outright steal it all and run off. Even if they made "only" $30M it's still a nice payday for a few months of work.

4. They are still frequently providing us with updates (e.g. https://blog.bancor.network/price-floor-smart-contract-deployed-621871bd09ca). Why would they even bother if they "have already made their profits and moved on"?

You can't really "move on" and disappear in this digital age, especially when you make your payday with cryptos which is all online and available for everyone to see. Since most people are clueless as to how exactly they're going to monetize on these ICOs - i.e "I'll be a proud owner of X BNTs and get my bounties and it'll be worth x100 in 1 year and I'll be rich".

Know what, I'm not trying to convince you or anyone else. Just my 2c.

I am sorry to say, but I am not convinced. Well done. Mission accomplished.  

[ngin-x]

Ethereum looks like a sinking ship right now and Bancor will probably hit $1 by tomorrow. Has the bubble finally popped? 

[paulmaritz]

Ethereum looks like a sinking ship right now and Bancor will probably hit $1 by tomorrow. Has the bubble finally popped? 

Don't worry. These wild price swings are normal in the crypto world. 

[2012]

Ethereum looks like a sinking ship right now and Bancor will probably hit $1 by tomorrow. Has the bubble finally popped?  

Welcome to the crypto world nobody can predict about the future of this. Maybe big whales are preparing for next pump so don't make your mind in hurry this kind of decision will hurt you badly.

[CECVW]

This project is a baby...Will grow a lot! Remember when ETH started trading at  $0,7, Well Ladies and Gentlemen BNT probably will go above $100 and beyond the same way as ETH, This is the beginning and future is bright

[Roidz]

when we can convert our bounties?

[boopy265420]

when we can convert our bounties?

I assume today we may be able to hear some good news in this regard. It is true that team was busy with some things but a simple statement about bounties could work to let people know that their concerns have been recorded. It was weekend this is possible reason to not having any update but be hopeful to get today some updates.

[tehMoonwalker]

Ethereum looks like a sinking ship right now and Bancor will probably hit $1 by tomorrow. Has the bubble finally popped? 

normally i ignore shit like this, but actually im curious, what exactly is going on in your head?

1. did you invest in this ico? if yes why?

2. do you really think ethereum (constant nr2 since 2014) is going to fade away?

3. what would be your suggestion? panic sell and whine?

[kozak.finance]

Hello, m8es!

How can i transfer Bancor tokens form wallet to bittrex? Is there any instruction?

Much thx

[paulmaritz]

Hello, m8es!

How can i transfer Bancor tokens form wallet to bittrex? Is there any instruction?

Much thx

You have to send it to your BNT address at Bittrex.

[memii]

Actually BNT didn't went straight up after hitting Bittrex this thing is disturbing some people who were waiting to see their money turning into 2x-3x in matter of days. This unfortunately didn't happen doesn't matter the reason and many people are getting frustrated but they have to learn about market behavior. BNT will be profitable but in time.

[adjed]

Actually BNT didn't went straight up after hitting Bittrex this thing is disturbing some people who were waiting to see their money turning into 2x-3x in matter of days. This unfortunately didn't happen doesn't matter the reason and many people are getting frustrated but they have to learn about market behavior. BNT will be profitable but in time.

Yep, those are the ones that didn't bother to spend a couple minutes reading the white paper.

[paulmaritz]

Are you holding? https://youtu.be/iDVuQi4gdtk 

[sartech]

Actually BNT didn't went straight up after hitting Bittrex this thing is disturbing some people who were waiting to see their money turning into 2x-3x in matter of days. This unfortunately didn't happen doesn't matter the reason and many people are getting frustrated but they have to learn about market behavior. BNT will be profitable but in time.

is verry good start for everyone who didnt succed to buy in ICO and for bounty hunters to sell their cheap coins. Looking forward for more news and an uptrend should start soon. gl and happydays.

[thehun]

The buy wall is approaching... let's see what happens

[thehun]

The buy wall is approaching... let's see what happens