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

[Dvd1989]

hmm soo many projects using BNT why doesnt this affec the price of BNT?

My question exactly.

Maybe the projects did not buy BNT to keep as a reserve yet. But it has been awfully quiet regarding this question..

[easyrimka]

Hello, guys.
What’s going on with Bancor all that money and no tangible results others r running full steam, these guys r relaxed any update here?
The price keeps falling



Is there a sense of hold?

i think no, BNT is a waste of time , im happy i was skeptical and didnt buy a lot

[sud]

Hello, guys.
What’s going on with Bancor all that money and no tangible results others r running full steam, these guys r relaxed any update here?
The price keeps falling



Is there a sense of hold?

See the results in latest blog posts if you want to be updated on what is being done:
https://blog.bancor.network/bancor-progress-update-95240bbb44d
https://blog.bancor.network/bancor-progress-update-325c648dfb3a

There is lot going on, and even more to come (all the future token Connectors). Regarding the price I cannot help you. I am holding because I belive that project developement will affect the token value sooner or later, but if you want quick gains than probably it's better to look for something else.

[RitzBitzz]

hmm soo many projects using BNT why doesnt this affec the price of BNT?

My question exactly.

Maybe the projects did not buy BNT to keep as a reserve yet. But it has been awfully quiet regarding this question..

All the project just announcing partnership, the smart contract and the reserve is not yet being bought.

For the price to increase they need to buy the reserve, most of the project still in ICO period.

Once the token is put up in the Bancor web app then you will know that they already bought the reserve token and the price might increase already after that.

[hush]

This is how I am looking present situation of the BNT token. I purchased them in ICO and price went down since I used fiat now Bitcoin is climbing up and up like crazy. Sooner BNt will reach back at ICO price and then it will become profitable after crossing the price of that time. It is matter of time and you loose if you liquidate at loss.

[maryhansenn]

Besides the requirement of using BNT as a connector, will there be any other criteria to determine whether a smart token or token relay will be accessible in the app?

[yingfeng]

This is how I am looking present situation of the BNT token. I purchased them in ICO and price went down since I used fiat now Bitcoin is climbing up and up like crazy. Sooner BNt will reach back at ICO price and then it will become profitable after crossing the price of that time. It is matter of time and you loose if you liquidate at loss.

I do not understand why to sell the asset in negative. After all, until you sold the token, you did not lose money.

[yingfeng]

Hello, guys.
What’s going on with Bancor all that money and no tangible results others r running full steam, these guys r relaxed any update here?
The price keeps falling



Is there a sense of hold?

The team works fine. I constantly see news about new cooperation. A lot of smart tokens are created. The very last thing that developers should do is manipulate the price. In the future, bancor himself will naturally begin to grow. I keep buying.

Are these smart tokens you speak of using Bancor or ETH as the reserve currency?

To create a smart token, the company must redeem a certain amount of the banker on the market. This is not said when they will buy.

[easyrimka]

Besides the requirement of using BNT as a connector, will there be any other criteria to determine whether a smart token or token relay will be accessible in the app?

no informations about that

[ivaf]

Galia Benartzi from Bancor team tomorrow will at the E/D/T global blockchain event. She will share her views and experience on why we need tokens, the Bancor Protocol and User-Generated Currencies through a call-in interview.
https://www.eventbrite.nl/e/tickets-edt-x-blockchain-workshop-39326287986
Who will have the opportunity - join!

[Shattered]

Regarding Bloomberg piece, this is seriously bad journalism, it's so one sided looks like sponsored art. Don't worry about it at all, Bancor is making development and reaching their road-map targets. Everything is transparent and team is answering all questions on their telegram channel. Seriously, show me other project that is doing better job atm. Price wise is another story, but it's just alts dump season, everything is bloody red atm.

[sud]

Regarding Bloomberg piece, this is seriously bad journalism, it's so one sided looks like sponsored art. Don't worry about it at all, Bancor is making development and reaching their road-map targets. Everything is transparent and team is answering all questions on their telegram channel. Seriously, show me other project that is doing better job atm. Price wise is another story, but it's just alts dump season, everything is bloody red atm.

Man, you just copied my post from few weeks ago. Did you do it for bounty? Not cool...

Are these guys taking same market as Bancor?  https://steemit.com/cryptocurrency/@kriptonoob/now-grandpa-can-buy-his-coffee-with-crypto-beluga-pay-ico

Doesn't look like same market, it's micorpayments and fintech space.

Regarding bloomberg piece, this is seriously bad journalism, it's so one sided looks like sposored art. Don't worry about it at all, Bancor is making developmenet and reaching their roadmap targets. Everything is transparent and team is answering all questions on their telegram channel. Seriosly, show me other project that is doing better job atm. Price wise is another story, but it's just alts dump season, everything is bloody red atm.

[boopy265420]

I like highly positiveness in team Bancor seeing there post where they said Bitcoin is digital gold and Bancor is digital money. There is a flow of projects jumping on its protocol. All these seems small steps and little by little among other internal development it sketch brighter and clear picture to understand which is coming out of this.

[RitzBitzz]

Galia Benartzi from Bancor team tomorrow will at the E/D/T global blockchain event. She will share her views and experience on why we need tokens, the Bancor Protocol and User-Generated Currencies through a call-in interview.
https://www.eventbrite.nl/e/tickets-edt-x-blockchain-workshop-39326287986
Who will have the opportunity - join!

good news, I often see galia very active attending forum and conference.

Great effort in spreading the name

[Shahrul09]

Don't miss Galia's talk at the E/d/t x #blockchain interview series today

 on "Why we need tokens" at 9:40 AM PST. See you online!

live at http://bit.ly/edtxLive

[yingfeng]

I like highly positiveness in team Bancor seeing there post where they said Bitcoin is digital gold and Bancor is digital money. There is a flow of projects jumping on its protocol. All these seems small steps and little by little among other internal development it sketch brighter and clear picture to understand which is coming out of this.

Every project that creates its smart token on the bancor protocol will strengthen the bancor. In the future, bancor will be in the top 10 projects.

[ruletheworld]

I like highly positiveness in team Bancor seeing there post where they said Bitcoin is digital gold and Bancor is digital money. There is a flow of projects jumping on its protocol. All these seems small steps and little by little among other internal development it sketch brighter and clear picture to understand which is coming out of this.

Every project that creates its smart token on the bancor protocol will strengthen the bancor. In the future, bancor will be in the top 10 projects.

Why is that, especially if they don't use the Bancor token in the reserve? What gives the token its value?

[Aqualung89]

I still have to leap too far behind this Project, which is one of the best Projects so far and I hope to give it to you as soon as possible.

[Karl_Marx]

I like highly positiveness in team Bancor seeing there post where they said Bitcoin is digital gold and Bancor is digital money. There is a flow of projects jumping on its protocol. All these seems small steps and little by little among other internal development it sketch brighter and clear picture to understand which is coming out of this.

Every project that creates its smart token on the bancor protocol will strengthen the bancor. In the future, bancor will be in the top 10 projects.

agree, liquidity will be the biggest issue in the cryptoworld... There are so many project launching, there is simply not enough money to trade it. Nor are there sufficient reliable exchanges to list these tokens.

Bancor will be crucial for these projects.

The reason why Bancor is down is because of impatient investors who fear missing out on other opportunities. They are selling at half the ICO price and the whales like it. They are keeping the price at this level to make more little investors depressive and sell... None of the small investors can stand seeing other coins go up and their Bancor investment half.

Because much money was raised, the coin is currently stuck. But once all the weak hands are out we will be at ICO price within no time. There are so few projects that have so much capital and only valued at a market cap of half the ICO funds value.

This coin is gonna go 20x to 50x in one year from now. Just be patient and dont sell. If you do, make sure to be back in time.

[yingfeng]

I like highly positiveness in team Bancor seeing there post where they said Bitcoin is digital gold and Bancor is digital money. There is a flow of projects jumping on its protocol. All these seems small steps and little by little among other internal development it sketch brighter and clear picture to understand which is coming out of this.

Every project that creates its smart token on the bancor protocol will strengthen the bancor. In the future, bancor will be in the top 10 projects.

Why is that, especially if they don't use the Bancor token in the reserve? What gives the token its value?

In order to create a smart token, companies must buy back the bancor through the market. And in the smart token reserve there is a bancor.
And think, when many companies will buy out bancor ... What will happen to the price of the bancor?