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

[TraditionalScience]

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Twitter https://twitter.com/Bancor
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[Ted King]

Just for some facts for newly joined people or those solely relay on information provided here. Bancor has 57 active markets on its exchange network with having current rank of no.84 among top 100 exchanges. With current hard work of Bancor team one can easily realize what future holds for this. When it will start climbing up towards top 10 exchanges to make its place there just imagine the value of token.

as long as the bancor works with only one ERC-20 token branch, it will be difficult for him to rise higher, the capitalization of these tokens does not grow rapidly. opening of new cross-operations with other ecosystems, in particular EOS, will make it possible to increase its capitalization of the bancor at the expense of new markets.

Now we will see if tokens are being built based on the etherium together with the etherium or not. I still do not see growth.

[stormfold]

For live discussions and support, hop into our Telegram group: https://t.me/bancor

[ivaf]

Bancor has opened its first fiat-to-crypto gateway! You can now buy ETH with a credit card directly from your Bancor Wallet. Try it out: https://www.bancor.network/discover

[obsbtc]

For announcements on Bancor you can follow Bancor News! https://t.me/BancorNews

[mexi.db]

What tokens are currently supported by the Bancor wallet?

Find out here: https://support.bancor.network/hc/en-us/articles/360000894211-What-tokens-are-currently-supported-by-the-Bancor-wallet-

[bitcircle]

Bancor has opened its first fiat-to-crypto gateway! You can now buy ETH with a credit card directly from your Bancor Wallet. Try it out: https://www.bancor.network/discover

There is bug when I try to create my wallet it redirect me to login all the time even I refresh the page and changed the browser too but it repeating this method consistently. I hope they will fix it asap and I will try this later and in future they will allow to take withdraw in fiat.

[Xandan]

This is long awaited and very big news that Bancor has opened opportunity to buy Ethereum directly using credit card on Bancor's platform. Just be ready for more excited news and update as this is not the last big leap but this is small step towards opening door for more opportunities.

[mexi.db]

Bancor has opened its first fiat-to-crypto gateway! You can now buy ETH with a credit card directly from your Bancor Wallet. Try it out: https://www.bancor.network/discover

There is bug when I try to create my wallet it redirect me to login all the time even I refresh the page and changed the browser too but it repeating this method consistently. I hope they will fix it asap and I will try this later and in future they will allow to take withdraw in fiat.

You have to log in via one of the three services provided to create your wallet. Please contact us at https://t.me/bancorsupport for help with any support issue.

[graysoon]

Are bancor wallet for android support KIN and other tokens? I dont found this token.

[EyeofthebeHODLer]

Are bancor wallet for android support KIN and other tokens? I dont found this token.

Here is KIN: https://www.bancor.network/communities/5a1d8d69171b01000182777c

[Ted King]

I think Bancor is not yet ready to go. Yesterday I wanted to make an exchange, but I was writing off VERY LARGE GAS but the exchange did not pass.

[ninjaskip]

If this cross-blockchain support is available, what kind of applications will arise from that specifically from the perspective of Bancor?

No specifics on this at the moment. The Team is working with the EOS team and will release more cross blockchain technical details closer to launch.

The most important info to me personally would be about use cases. It sounds logical but it is not that easy to understand what kind of use cases besides trading would be feasible.

[sud]

I wasn't following latest news recently, so now I have checked the lates Bancor updates and I have to say it is really impressing. Token conversions directly on wallet, fiat gateway so you can buy ETH using credit card, more and more tokens intergrated. WOW. When the team implement cross-chain conversions between different blockchains it will be the most advanced DEX on the market. Can't wait to see this.

[BancorAmbassador]

Watch CryptoLingo's sizzle reel from the Crypto Investor Show in London earlier this month featuring highlights from Galia's talk. https://youtu.be/uoum9qzuDKc

[mexi.db]

I think Bancor is not yet ready to go. Yesterday I wanted to make an exchange, but I was writing off VERY LARGE GAS but the exchange did not pass.

Ted, the default gas price on Bancor is currently set to 5 Gwei. Please don't change this as your transaction will fail.
"We are currently enforcing all transactions to use the same gas price in order to normalize them and allow fair queue. for this, we are limiting the gas price to be an exact match to our predefined number.  meaning, if you try to use higher or lower gas price, your transaction will fail.

[stormfold]

For live discussions and support, hop into our Telegram group: https://t.me/bancor

[Digital Galaxy]

I wasn't following latest news recently, so now I have checked the lates Bancor updates and I have to say it is really impressing. Token conversions directly on wallet, fiat gateway so you can buy ETH using credit card, more and more tokens intergrated. WOW. When the team implement cross-chain conversions between different blockchains it will be the most advanced DEX on the market. Can't wait to see this.

Let's wait and see other bigger projects integrate, price of BNT will rise for sure. Bancor network will be deployed not only on Ethereum, but on different smart contract platforms.

[think3214]

How does automatic pricing work?

Smart Tokens™ feature built-in automated market makers. This means that their smart contracts will always buy the Smart Token from and sell the Smart Token to, any user, for any of its connector tokens (or any other token in the network.) The price at which these conversions take place is a function of the Bancor Formula, which balances supply and demand for the Smart Token while holding a constant ratio between a Smart Token’s total value (sometimes called market cap) and its connector token balances.

These ratios (called the connector weight) are configured by the Smart Token creator and may be adjusted to increase or decrease the token's liquidity level. The weight of a connector indicates a Smart Token’s price sensitivity, meaning the extent to which buys or sells affect its price movement. Every conversion affects the price of a Smart Token by altering its connector token balance and Smart Token supply - calibrating the price to maintain the constant weight. When Smart Token prices are out of sync with external prices on exchanges, arbitrageurs quickly act to balance these gaps

https://support.bancor.network/hc/en-us/articles/360000503372-How-does-automatic-pricing-work-

[obsbtc]

Bancor News brings you the latest and real time news on when tokens are live. Be sure to follow: https://t.me/BancorNews