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

[nickamazix]

Take a minute to help to nominate Bancor as a Forbes top 50 Fintech company:
https://www.forbes.com/sites/jeffkauflin/2018/07/31/what-are-your-favorite-fintech-companies-forbes-fintech-50-call-for-nominations-2019/#1ae0f277782c

i just joined and voted for Bancor, thank you for sharing the news. By the way, its interesting to see so many other blockchain startups on the list of 2018's top 50 fintech.

Yes, even i am supporting it because Bancor is my best strategy and one of which it is listed in top 2018 blockchain. Even though they faced some problems with the hack but they managed to recover those and i am voting my best to support this blockchain.

Just voted for Bancor, which anyway is one of my favorite projects out there, if not the favorite one. I hope you will be in the top 50, or even at the top of the top 50.

Thanks for your support! We hope so too

[coin_1122]

Take a minute to help to nominate Bancor as a Forbes top 50 Fintech company:
https://www.forbes.com/sites/jeffkauflin/2018/07/31/what-are-your-favorite-fintech-companies-forbes-fintech-50-call-for-nominations-2019/#1ae0f277782c

i just joined and voted for Bancor, thank you for sharing the news. By the way, its interesting to see so many other blockchain startups on the list of 2018's top 50 fintech.

Yes, even i am supporting it because Bancor is my best strategy and one of which it is listed in top 2018 blockchain. Even though they faced some problems with the hack but they managed to recover those and i am voting my best to support this blockchain.

Just voted for Bancor, which anyway is one of my favourite projects out there, if not the favourite one. I hope you will be in the top 50, or even at the top of the top 50.

Yes, Bancor is one of the best blockchain project out there and see in the coming bancor will be listed in the first 25 places. Already it is getting awareness about its decentralization and this makes we can easily trace the transactions.

[JanuaryN]

August listings:

Maker (MKR) is LIVE on the Bancor Network.
       Convert tokens now: https://ban.cr/Maker

Real (REAL) is LIVE on the Bancor Network.
       Convert tokens now: https://ban.cr/Real

Galaxy eSolutions (GES) is now removed from the Bancor Web App.

Bancor.network

[Jack_Vorobey]

Bancor adviser Tim Draper shares his predictions on $BTC hitting $250K by 2022, crypto replacing fiat and people paying for their coffee in tokens. https://ban.cr/FutureOfCrypto @ Forbes

Tim Draper has always liked me, the fact that he, no matter what, he continues to firmly believe in the further development of the crypto-currency market and the most important Btc. Any news from him always interesting to me to read.

[Quaglia]

I have noticed that Bancor is nicely keeping most of its value in a time when 90% of the cryptocurrencies are losing up to 90% of their value.

[Ano]

I have noticed that Bancor is nicely keeping most of its value in a time when 90% of the cryptocurrencies are losing up to 90% of their value.

Initial price of this token was around $4 and it hit $10 on high time. If we compare with high time than it lost almost 80% which is really huge but they are active and with long term approach it is still good investment.

[Tarasov1992]

Bancor adviser Tim Draper shares his predictions on $BTC hitting $250K by 2022, crypto replacing fiat and people paying for their coffee in tokens. https://ban.cr/FutureOfCrypto @ Forbes

Tim Draper has always liked me, the fact that he, no matter what, he continues to firmly believe in the further development of the crypto-currency market and the most important Btc. Any news from him always interesting to me to read.

Indeed. Tim is quite concerned about the liquidity issue on the market, that is why he likes Bancor. This article by Galia has some additional overview on his engagement with the network:

https://blog.bancor.network/tim-draper-invests-in-bancor-2a70ee414df1

[Tarasov1992]

I have noticed that Bancor is nicely keeping most of its value in a time when 90% of the cryptocurrencies are losing up to 90% of their value.

Cool stuff, Quaglia, that shows how strong is the project.

[Tarasov1992]

I have noticed that Bancor is nicely keeping most of its value in a time when 90% of the cryptocurrencies are losing up to 90% of their value.

Initial price of this token was around $4 and it hit $10 on high time. If we compare with high time than it lost almost 80% which is really huge but they are active and with long term approach it is still good investment.

The market overall is not doing good at the moment. Thank you for your kind support!

[Aleksandra1998]

I believe that this project contains incorrect information, perhaps when the information is more accurate, I will be interested in the project! But all the same, I wish you success.

[Tarasov1992]

I believe that this project contains incorrect information, perhaps when the information is more accurate, I will be interested in the project! But all the same, I wish you success.

Hello, Aleksandra1998. How are you? Could you please specify which information looks incorrect to you? We are happy to provide all the clarifications required. 

[obsbtc]

Were you aware that there's a specific support channel on Telegram for Bancor? You can find it below:

https://t.me/bancorsupport

[active706]

I hope that this project will return with more security, and the development team will correct all errors. The team is very cooperative and makes every effort to return this platform. I wish you the best of luck and all the best.

[ruletheworld]

I hope that this project will return with more security, and the development team will correct all errors. The team is very cooperative and makes every effort to return this platform. I wish you the best of luck and all the best.

I think the team has said that they will not patch the security flaw that led to the hack and therefore the control of the 'smart contracts' remain centralized.

[TheRedCanary]

I hope that this project will return with more security, and the development team will correct all errors. The team is very cooperative and makes every effort to return this platform. I wish you the best of luck and all the best.

I think the team has said that they will not patch the security flaw that led to the hack and therefore the control of the 'smart contracts' remain centralized.

Well to be clear, it was a theft, not a hack. The investigation is still ongoing, the team will release more details once things are concluded.

[nickamazix]

Just want the latest news without the noise?

Join Bancor's news telegram!

https://t.me/BancorNews

[JanuaryN]

What is Minimum Return?

Minimum return is a value that you pass into every conversion transaction. It serves as a protection mechanism for cases when the rate changes rapidly and allows you to "abort" the transaction without executing it.

Imagine a case in which you wish to convert 1 ETH and expect to receive 100 BNT in return. In such a case, you can set the minimum return to 90 BNT indicating that if the rate changes during the execution process to the point where you will receive less than 90 BNT as a result of the conversion, you no longer wish to execute the conversion and the transaction will fail.

The minimum return value must always be indicated as an integer in the format of the smallest available unit (Wei). The recommended amount is 2%.

https://support.bancor.network/hc/en-us/articles/360002272432-What-is-Minimum-Return-

[EyeofthebeHODLer]

If you are on Telegram and have been looking for a place to talk with Traders using the Bancor Network, check out the dedicated Telegram channel for price and speculative discussion.

[ruletheworld]

I hope that this project will return with more security, and the development team will correct all errors. The team is very cooperative and makes every effort to return this platform. I wish you the best of luck and all the best.

I think the team has said that they will not patch the security flaw that led to the hack and therefore the control of the 'smart contracts' remain centralized.

Well to be clear, it was a theft, not a hack. The investigation is still ongoing, the team will release more details once things are concluded.

Well to be clear, it was a simple "hack" not a theft unless proven otherwise. Since the investigation is still ongoing, do you suppose the simplest explanation is that this was an inside job? This is especially so since it was only the team that had access to the key, so it must be someone from the core team?

[TheRedCanary]

I hope that this project will return with more security, and the development team will correct all errors. The team is very cooperative and makes every effort to return this platform. I wish you the best of luck and all the best.

I think the team has said that they will not patch the security flaw that led to the hack and therefore the control of the 'smart contracts' remain centralized.

Well to be clear, it was a theft, not a hack. The investigation is still ongoing, the team will release more details once things are concluded.

Well to be clear, it was a simple "hack" not a theft unless proven otherwise. Since the investigation is still ongoing, do you suppose the simplest explanation is that this was an inside job? This is especially so since it was only the team that had access to the key, so it must be someone from the core team?

Well before we start making brazen claims, there has been no indication as to who the thief is, so I will not be speculating as to the guilty party is. Once the team concludes the investigation, they will promptly update the community, as they had when the theft occurred. Keep in mind, not one wallet from the community was affected, and this is something that the team is taking as a positive in a negative situation.