The BANCOR ICO will be uncapped

[styca]

The hardcap on the fundraiser website says 250,000 eth cap. But there is already 384,000 + eth funded...wtF?

I thought it was 250,000 cap , but 1 hr (now 3hrs!) uncapped.
So if they only sold 200,000 during the hour then the ICO would continue until another 50,000 were sold.
But if the 250,000 is exceeded during the hour, then the cap is actually a time cap at 1 hour... so no limit on the amount of ETH, just everything that goes through within the hour.

[Don_Blas_de_Lezo]

Anybody know why one wallet can't do two transactions in same ICO?.

I have 1 transaction ok, in second transaction this has been cancelled with bad instruction and with high fee 0.01 

[Haladay]

That Bancor fundraiser was really crazy. Raised over 400 thousands of ethereum. Maybe I'm wrong but this was the biggest ico ever.

[epitome]

The developers understand that there are people willing to invest in an ICO and they do not want to restrict how much they are going to make with this ICO and so is the reason they came to a conclusion to uncap it in the first hour or so.

[erikalui]

The ICO is already over and the Bancor team raised 79.3M in these 3 hours which is outstanding for any ICO. I haven't yet seen another ICO that has been able to earn this much and that too just in a hour. I could see the ETH rates also increasing.

Regarding gains,  we all should stay positive. As of now, it's 100 coins for 1 ETH and if the market remains stable, the price too would be higher on exchanges that could give all the investors massive profit. The amount collected shouldn't matter then.

[Sephir8th]

The ICO is already over and the Bancor team raised 79.3M in these 3 hours which is outstanding for any ICO. I haven't yet seen another ICO that has been able to earn this much and that too just in a hour. I could see the ETH rates also increasing.

Regarding gains,  we all should stay positive. As of now, it's 100 coins for 1 ETH and if the market remains stable, the price too would be higher on exchanges that could give all the investors massive profit. The amount collected shouldn't matter then.

Good analysis - Do you think BNT is good for long term hold or just another one of those ICO Flippers?

[Denker]

The ICO is already over and the Bancor team raised 79.3M in these 3 hours which is outstanding for any ICO. I haven't yet seen another ICO that has been able to earn this much and that too just in a hour. I could see the ETH rates also increasing.

Regarding gains,  we all should stay positive. As of now, it's 100 coins for 1 ETH and if the market remains stable, the price too would be higher on exchanges that could give all the investors massive profit. The amount collected shouldn't matter then.

Well they've raised more than that! Over 317k Ether and not the capped 250k!

https://etherscan.io/address/0x5894110995b8c8401bd38262ba0c8ee41d4e4658#tokentxns

Lots of people are EXTREMELY pissed!
The last word is not spoken here I'd guess!

https://twitter.com/BancorNetwork/status/874313530253684736

https://twitter.com/BancorNetwork/status/874283097143037954

Have fun reading the comments!