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

[Shahrul09]

Hi all

Another amazing news Flixxo decided to integrate the Bancor Protocol!

https://medium.com/@flixxo/flixxo-new-partners-and-advisors-3faf9e1d5104

is there a list of Projects using or will use bancor?

https://www.reddit.com/r/Bancor/comments/75b7us/list_of_all_known_projects_committed_to_using/?utm_content=title&utm_medium=user&utm_source=reddit

Although so many coins/projects intend to use bancor protocols, the price is still going down everyday. Why this happened? I am very confused, is it BNT dead?

The projects have to actually launch their smart tokens/token relay first, and buy BNT for the price to move.
As BNT supply increases, so will the price of BNT.

[Shahrul09]

Is Banco the base layer so to say for the development of all kinds of smart tokens or how does this exactly work?

yes kinda, you can read more details in the website FAQ
https://www.bancor.network/faq

The adoption of Bancor as reserve currency helps the value of BNT to increase.

So every new token that comes onto the Bancor network will likely come with an increase in the BNT token price, as the token has to purchase BNT to go live.

Should a smart token rise in value, it means there are more trades going through it and therefore more BNT being traded and likely a corresponding rise in the demand of BNT, so price will rise in this case too.

And, when someone buys a new BNT, the price they pay is added to the BNT smart token reserves. This increases the price of the next BNT (see formula in white paper). So as demand rises, both the amount of BNT and the value of a BNT increases with it.

[StinchcombNancy]

Is there information about buying smart token changers? Should be possible to do that with GNO, right?

[baby222]

When u type bancor into Google and click news you see a list of projects partnering with bancor. Good work team! Lots to be positive about. Just looking forward to seeing more tokens activating.

[lazarus.hlz]

Seems that it is a quite cool project! 

[daniweb]

Can I buy some BNT through Smart Contract using the ETH address on the webpage right now?

[cointerstrike]

I'm so tired of waiting now. I expect the project to appreciate for months. how many more months do I have to wait? This project caused very slow down of my investments. I hope the price will increase as soon as possible and I can check out.

[pumz]

There have been many tokens active on the Bancor protocol. It was long ago when there was very good update about ongoing development and we were told in that some legal issues are left to be resolved. I hope they will be solved in short time and we will see Bancor platform fully functional to solve the liquidity problems once for all.

[AlienWizard]

This has been, by far my worst investment ever (bought in pre-sale led by Bitcoin Suisse). However, the concept is amazing - so it could be a sleeping giant. Here's hoping.

[easyrimka]

huge ICO , but no profit .. this was my wors invest in crypto ...

[RAGEmond]

huge ICO , but no profit .. this was my wors invest in crypto ...

yeah just sell it now .. I recommend you better not having it in your bag when it hits 10$ or 50$

just look at what happened to ETH .. BNT will have pretty much the same evolve just pe patient but if you hate money sell now and then buy in again at ATH

[cabsav]

We just saw under $2. I think today is nightmare i lost on all coins which im holding pretty good coins like ether, bnt,stox etc.

[BtcVolcano]

So I watch Project since ico, and as the facts show, investors have invested so poorly at the beginning and they are still in a big minus. After all, for an investor it is important to not only the idea and implementation, as well as his care when he gets the profit. And I'm wondering at what price and where it will be at the bottom of the coin.

[cointerstrike]

The price of bitcoin is over 6000 dollars. Alternative coins continue to be negatively affected in this situation. Bancor comes at the top of them. I hope that when the alternative coin market start to rise, bancor will continue to lead.

[Brilliantrocket]

Who are the competitors of Bancor and where does bancor stands against  them?

any comparison chart

[popcorn1]

I was buying bancor from bittrex i bought at many different prices from $3.33 to $1.88 and saved up
633 BNT ..

I set up a MEW wallet for first time ever never dealt with ETH always bitcoin so i set the wallet up and sent 633 BNT and everything was good then one day like yesterday i sent some more and my
MEW wallet got emptied NOTHING ZERO..

What happened is i got sent an EMAIL and because it was new to me i clicked on it and got
ROBBED..

710 Bnt gone no more BNT  ..
I was buying them from bittrex and got scammed by an EMAIL from South Africa ..

My plan was to get my 15 year old into the Bancor protocol and let her use them to invest in many start ups BUT all my plans gone ..

I am one of the biggest shouters for a UNIVERSAL INCOME for all humans;) ..

And this is one project that could well help so many people out and make people rich at the same time..

I have come up with a plan a better way for a UNIVERSAL INCOME for all ..

I have CRACKED IT ..

Oh i forgot it was called fake phishing email so be careful people..

Please don't say my own fault because because if i knew i wouldn't of done it ..

[popcorn1]

I want you all to think of this ..

If no such thing as money and i dig with my hands and dig up some clay and make a nice pot and you like it how do you get it off me?..

Remember you cannot steal or kill me for it so how do you get the pot off me without using money..

And you people who own bancor don't worry a great project one of the best ..

I like the trying to give to all that makes me feel nice knowing i could be well off and make people well
off is a nice feeling..

So keep your chins up GREAT PROJECT..

[OZmaster]

Is Banco the base layer so to say for the development of all kinds of smart tokens or how does this exactly work?

yes kinda, you can read more details in the website FAQ
https://www.bancor.network/faq

The adoption of Bancor as reserve currency helps the value of BNT to increase.

So every new token that comes onto the Bancor network will likely come with an increase in the BNT token price, as the token has to purchase BNT to go live.

Should a smart token rise in value, it means there are more trades going through it and therefore more BNT being traded and likely a corresponding rise in the demand of BNT, so price will rise in this case too.

And, when someone buys a new BNT, the price they pay is added to the BNT smart token reserves. This increases the price of the next BNT (see formula in white paper). So as demand rises, both the amount of BNT and the value of a BNT increases with it.

I am reading the FAQ now and it is really interesting, but not that easy to understand. It is, however, compelling enough to make me dig deeper into all the concepts mentioned on the website. Nice project! About to get into it now much deeper.

[boopy265420]

Not everyone can understand the concept well and to be fair majority is here to make quick bucks so for them it is good to buy and hold or trade as long as they can without taking stress of going through all the reading and understanding process. Who invested to make profit will get reward for their holdings in the end with the completion of platform. This is enough at large that project has high potential and is serious thing for sure.

[Shahrul09]

Hey,
FYI the upgrade was successfully completed, the smart contacts are back online. For updated addresses, please check our website and blog. We'll share more granular info about the release in an upcoming post. Thanks!