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Author Topic: [ANN] Bancor | Protocol for Smart-tokens, solving the liquidity problem  (Read 375823 times)
JosNekoKopa
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July 08, 2017, 10:04:08 AM
 #3721

I'm not sure that those bounty hunters are responsible for this situation, and always when people can't explain something they will post accusations. Perfect explanation for this should be - protocol is still not active - nothing more. So stay calm and wait this is only you can do now.
FiNaLize
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July 08, 2017, 11:43:43 AM
 #3722

What was the ICO price in terms of dollars?

Burmik123
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July 08, 2017, 11:50:26 AM
 #3723

There is something I do not understand. If you are going to sell at ico price, why invest in the project. Do you enjoy trading in the stock market  Cheesy

The only people selling at ICO price are those who are tired of waiting for some price bump. Bancor is the only coin whose price never seems to move. Perhaps this was Bancor's goal all along to ensure a nice stable price. But without volatility, I think interest in BNT will wane very quickly. I don't think people in crypto are interested in seeing horizontal lines on the chart.

The buy wall at 0.01ETH has actually done more harm than good. It has provided a safety net for investors but as they say in finance "no risk, no gain" and this is exactly what is happening. By limiting the downside, they have capped the upside as well.
Do you read WhitePaper? Devs told about minimum price from the start - 0.01ETH for 1 BNT. So people for whom this is surprise - Bancor ICO was good lesson. To read about project before taking part in ICO.
ngin-x
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July 08, 2017, 02:13:10 PM
 #3724

There is something I do not understand. If you are going to sell at ico price, why invest in the project. Do you enjoy trading in the stock market  Cheesy

The only people selling at ICO price are those who are tired of waiting for some price bump. Bancor is the only coin whose price never seems to move. Perhaps this was Bancor's goal all along to ensure a nice stable price. But without volatility, I think interest in BNT will wane very quickly. I don't think people in crypto are interested in seeing horizontal lines on the chart.

The buy wall at 0.01ETH has actually done more harm than good. It has provided a safety net for investors but as they say in finance "no risk, no gain" and this is exactly what is happening. By limiting the downside, they have capped the upside as well.
Do you read WhitePaper? Devs told about minimum price from the start - 0.01ETH for 1 BNT. So people for whom this is surprise - Bancor ICO was good lesson. To read about project before taking part in ICO.

Hey I ain't complaining. I read the whitepaper. I am long on Bancor. I'm just saying what's happening and why the price is not going anywhere.
Dvd1989
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July 08, 2017, 03:08:49 PM
 #3725

There is something I do not understand. If you are going to sell at ico price, why invest in the project. Do you enjoy trading in the stock market  Cheesy

The only people selling at ICO price are those who are tired of waiting for some price bump. Bancor is the only coin whose price never seems to move. Perhaps this was Bancor's goal all along to ensure a nice stable price. But without volatility, I think interest in BNT will wane very quickly. I don't think people in crypto are interested in seeing horizontal lines on the chart.

The buy wall at 0.01ETH has actually done more harm than good. It has provided a safety net for investors but as they say in finance "no risk, no gain" and this is exactly what is happening. By limiting the downside, they have capped the upside as well.
Do you read WhitePaper? Devs told about minimum price from the start - 0.01ETH for 1 BNT. So people for whom this is surprise - Bancor ICO was good lesson. To read about project before taking part in ICO.

Hey I ain't complaining. I read the whitepaper. I am long on Bancor. I'm just saying what's happening and why the price is not going anywhere.

When ETH goes up in value, BNT will follow. ETH is just crazy low last couple of weeks. Especially given the price of ETH was near 400 USD when the ICO was live..
Cbx.Bet
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July 08, 2017, 03:47:32 PM
 #3726



The ether just touched a support line.
If the support resists BNT will go up with ETHER

vuvanle120
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July 08, 2017, 05:18:50 PM
 #3727

There is something I do not understand. If you are going to sell at ico price, why invest in the project. Do you enjoy trading in the stock market  Cheesy

I don't understand the logic either. But that's the reason why I scoped up more shares while it cheap.

LuckyBtc
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July 08, 2017, 05:43:00 PM
 #3728

when can i withdraw my bounties?

in the slack they mentioned 12 july
We should be expecting huge dump on 12th of July then. Let's see how far down does Bancor price goes. Wings forecasting participants will get the bounty the same day right?
Shahrul09
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July 08, 2017, 06:46:26 PM
 #3729

when can i withdraw my bounties?

in the slack they mentioned 12 july
We should be expecting huge dump on 12th of July then. Let's see how far down does Bancor price goes. Wings forecasting participants will get the bounty the same day right?
Even if all the bounty hunter dump their BNT, the price floor contract wont collapse

The price floor contract will retain the price at 0.01 eth.



Bounty hunter wont dump in the price floor contract, they will dump in exchanges for better rate,

Even if they dump in price floor contract its would be just around 5850 eth (585,000 bnt) for all bounty now.

That is so small compare to the 107,000 eth in price floor now.


DeckoTheWacko
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July 08, 2017, 08:10:31 PM
 #3730

How much was the BNT on ICO. When it hit the exchanges it was at 13.74 USD, right?
hush
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July 08, 2017, 08:26:34 PM
 #3731

I'm not sure that those bounty hunters are responsible for this situation, and always when people can't explain something they will post accusations. Perfect explanation for this should be - protocol is still not active - nothing more. So stay calm and wait this is only you can do now.

Maybe this is your first post into this topic that's why you don't know about current situation of this project.
nelson4lov
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July 08, 2017, 08:33:48 PM
 #3732

I'm not sure that those bounty hunters are responsible for this situation, and always when people can't explain something they will post accusations. Perfect explanation for this should be - protocol is still not active - nothing more. So stay calm and wait this is only you can do now.

A lot of people are just looking for to blame for the current value of BNT value. I'm sure these are the voices of angry ICO flippers as they haven't made X10 or 2000% yet. If not for the ICO flippers and quick profits guys, Bancor will be lucky enough to raise $10M. Maybe the mentality of ICOs being a quick profit scheme  stop now.

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vuvanle120
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July 08, 2017, 08:52:27 PM
 #3733

I'm not sure that those bounty hunters are responsible for this situation, and always when people can't explain something they will post accusations. Perfect explanation for this should be - protocol is still not active - nothing more. So stay calm and wait this is only you can do now.

A lot of people are just looking for to blame for the current value of BNT value. I'm sure these are the voices of angry ICO flippers as they haven't made X10 or 2000% yet. If not for the ICO flippers and quick profits guys, Bancor will be lucky enough to raise $10M. Maybe the mentality of ICOs being a quick profit scheme  stop now.

I'm with you. All of a sudden we see SNT Bancor and Tezos all raised over 100+millions. I have people called and asked me how to get in even though they have no clue. These people will get hurt the most because they will not be able to handle 30-40% dip. They will buy high on the hype and sell low on the panic. I'm an investor for Bancor Tezos and SNT but I understand they will be a long term project. Had it not been for these quick flippers we investors will get more value.

bobq
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July 08, 2017, 10:52:58 PM
 #3734

How much was the BNT on ICO. When it hit the exchanges it was at 13.74 USD, right?

Wrong. It was 0.010 Ether. Now BNT is 0.010288 Ether. In USD the price has dropped because Ether's price has dropped and Bancor's price is still linked to Ethereum.

lowbander80
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July 10, 2017, 12:35:25 PM
 #3735

Really not sure what Bancor is trying to achieve as there is a common token for all crypto tokens in Ethereum
thehun
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July 10, 2017, 01:38:40 PM
 #3736

Some updates about new developments from the Bancor team would be nice. They have been silent for quite a while.
Shahrul09
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July 10, 2017, 03:32:28 PM
 #3737

Really not sure what Bancor is trying to achieve as there is a common token for all crypto tokens in Ethereum
Not sure?

Because you didnt read the whitepaper?
https://www.bancor.network/static/Bancor_Protocol_Whitepaper_en.pdf
And the FAQ
https://www.bancor.network/faq
rkyass
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July 10, 2017, 05:46:51 PM
 #3738

Hello, any news about when bounties can be withdrawn ?
Thanks
Bitum
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July 10, 2017, 05:53:53 PM
 #3739

Hello, any news about when bounties can be withdrawn ?
Thanks

On the 12th you will have the opportunity to pay off your bounty. That says bounty manager.

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CuriousInvestor
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July 10, 2017, 06:04:11 PM
 #3740

How much was the BNT on ICO. When it hit the exchanges it was at 13.74 USD, right?

Wrong. It was 0.010 Ether. Now BNT is 0.010288 Ether. In USD the price has dropped because Ether's price has dropped and Bancor's price is still linked to Ethereum.

That 13.74 USD price tag is based on hitBTC IOU trading, which is completely unrealistic.
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