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

[JanuaryN]

The Bancor Protocol is a Valuable Addition

Most people know the name Bancor thanks to the massive initial coin offering the company organized earlier this year. It raised a lot of money in the process, mainly thanks to the involvement of Tim Draper as the public face of the project. There is a lot more to this project than most people give it credit for, though. One of its most intriguing aspects is the so-called Bancor Protocol, which standardizes the use of connector tokens. It is a pretty interesting spin on converting digital tokens to others without friction.

https://themerkle.com/what-is-the-bancor-protocol/

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[bitcircle]

I got a record investment project. Although he made a deal with too much coin, he could not increase his price.

Who is that He I didn't understand clearly your point. You are talking about which coin it seems you posted into wrong topic this thread belongs to a token which name is Bancor. Please explain about this shocking question.

[CryptoRobert]

The Pundits Were Wrong, Bancor Solves A Big Problem, and is Scaling Rapidly

Bancor hit the market with a splash in June, 2017, when it raised a (then) record $150 million in an ICO.

At it’s core, Bancor is a set of formulas that solves the liquidity problems faced by most tokens. Bancor works by creating a token that is connected to shared liquidity pools on the blockchain. The way the math works, the formulas are essentially hard coded two way price elasticity of demand functions. If it sounds complex, it is because it is complex, but so are many algorithms.

There’s been a lot written about Bancor, most of which has been negative. The most notable negative story was Emin Gün Sirer’s “Bancor is Flawed”, which was a 29 point takedown of Bancor. While Bancor Product Architect Eyal Hertzog penned a well written response to each of the Emion’s 29 points, I found it odd that not one of Emin’s 29 points directly addressed the set of formulas that power Bancor, which is really the only thing that matters (IMHO).

Now it appears that the tide of public sentiment for Bancor is turning, as the market focus shifts from hypotheticals, to what is actually happening. Last week, Coindesk featured the article “Bancor Bounce Back?” which highlighted that Bancor’s volume rose from “…$3 million per week in November to $37 million per week in January”.

Below I look at some additional data which speaks to the rate at which the Bancor platform is scaling.

https://medium.com/crypto-oracle/the-pundits-were-wrong-bancor-solves-a-big-problem-and-is-scaling-rapidly-38a696c9e211

Excellent article with reporting very satisfying data. Bancor was destined to a slow start since most of the people cannot understand anything different from what they have already learnt to recognize. But now it seems the gear is starting to move faster and faster forward.

[Vitamin_52]

“We see the Bancor Protocol as an elegant solution for liquidity that benefits all token holders by offering a completely new paradigm for value exchange based on efficient automated market makers." -Dan Larimar, CTO of @EOS_io. http://bit.ly/EOSBancor
https://twitter.com/Bancor/status/970044619982548993

[stormfold]

Join the main telegram group: https://t.me/bancor

[bgibso01]

pls give a reference video that can explain how to use bancor protocol platform.

[Vladlenius]

Bancor is one of the few reliable ICOs to the point that they will be able to perform what's in the roadmap, since the financing was one of the largest in history and as a proposal is to guarantee liquidity, Bancor will be legal to help these numerous projects that will be abandoned or minimally without conditions to reach their goals, some know Bancor as the godfather of the tokens.

[meditations1]

pls give a reference video that can explain how to use bancor protocol platform.

Here is a video https://youtu.be/VVX9BhFFvtI

[foodstamps]

I got a record investment project. Although he made a deal with too much coin, he could not increase his price.

What is this project? Bancor cooperates with many companies. These companies create their own smart token on the bancor platform. Study Whitepaper. You will immediately understand why in the future the bnt token will grow.

[gerymakgyaer]

7 New Tokens on the Bancor Network

https://steemit.com/bancor/@bancor-network/7-new-tokens-on-the-bancor-network



Week of Feb 24 - March 5, 2018
A token a day keeps the doctor away. Here’s a run-down of the latest tokens to go live on the Bancor Network:

Aelf (ELF)
Activated on: Feb 24, 2018

Gifto (GTO)
Activated on: Feb 26, 2018

Power Ledger (POWR)
Activated on: Feb 27, 2018

TokenCard (TKN)
Activated on: Feb 28, 2018

R_Block (CVT)
Launch date: Feb 28, 2018

Viberate (VIB)
Launch date: March 1, 2018

Insights Network (INSTAR)
Launch date: March 1, 2018

Lead Coin (LDC)
Launch date: March 2, 2018

[pumz]

This increasing number of tokens which takes place periodically that's why is seamless else if we see it connected with other things then whole image gets more clear. Bancor is resolving scale issue,liquidity issue by providing automated but decentralized solution. It is in fact a multiple features platform.

[Raexno]

I've tried purchase some Aigang tokens on your platform and it is terrible, several times I just lost my gas and no purchase happened, moreover price for gas is really high, something like 15$ for transaction.

Did you folllow the guide for using Bancor? https://steemit.com/bancor/@bancor-network/4gurrp-how-to-use-the-bancor-web-app Adjusting gas limits can result in failed transactions.

Bancor also has a support team that can be reached at contact@bancor.network, they would be glad to help you or anyone else having problems.

The help center is also being added to frequently with a lot of information. I recommend anyone with questions check it out - https://support.bancor.network/hc/en-us

[Ab-Soul]

Clearly undervalued coin. The website is looking good and useful but not too many people use the platform. I don't know why. Bancor needs more recognition.

[ivaf]

Are you in Tel Aviv next week? Come listen to Eyal Hertzog speak at NOAH Conference alongside dozens of technology leaders.
https://www.noah-conference.com/noah-tel-aviv-conference-2018/

[sokol2504]

The platform has many functions. Very useful and practical solution. There will be a similar project Safinus. He will soon have an ICO.

[ivaf]

Blockchain-based data exchange Insights Network has joined the Bancor Network for decentralized liquidity.
Read more at https://medium.com/@InsightsNetwork/instar-tokens-are-distributed-and-now-tradable-live-on-bancor-network-75e7667e997b

[foodstamps]

Clearly undervalued coin. The website is looking good and useful but not too many people use the platform. I don't know why. Bancor needs more recognition.

Just too little time has passed with the ICO. It is necessary to give bancor time to develop. I'm sure that in the future bancor will become very popular.

[Angel Di]

You know, personally everything is pleasant to me here. And now there is such big addition quantity of coins, consider it very well. Constantly I see news and announcements on a different subject of development, at once it is visible that the project well develops. But in general now I think falling of the price depends on the general falling of the market. And probably these days a good opportunity to buy coins, so far the price falls, but it is temporary.

[denam]

Bancor as future decentralized liquidation solver has achieved lot of things. Why we don't all these things periodically being added and developed because we are used to see them happening. If you look at the platform like first time viewer you will see it other way and big project which it is. This is seamless future transformation in tiny steps with big impacts and results in future.

[Diniil]

I just found out about Bancor. I studied the information and liked the platform very much. The only drawback of Bancor is small trading volumes. How does the team plan to correct this shortcoming?