The BANCOR ICO will be uncapped

[thejaytiesto]

The BANCOR ICO will be uncapped for 1 hour. I don't see how anyone can expect massive gains if the ICO raises a shitton of money. The key to get rich from an ICO is to buy an ICO that is undervalued (like STRAT). But with Bancor, im not sure if we can expect big gains. The BAT ICO made 37 million dollars in like 30 seconds.. so if the Bancor ICO goes on for an hour and at uncapped rate, it could reach like 1 billion dollar... what margin of growth you have then?

[jacobthecoiner]

The crypto world is so crazy. I'm wondering where the hell are these money from?

[David Horton]

When does the ICO starts?

[The Goat Master]

When does the ICO starts?

June 12, 10am GMT.
https://bancor.network/

[styca]

For the BANCOR ICO, my aim is to do exactly what I did for the Aragon one

1) Plan to get in at the ICO.
2) Get ready to send some ETH.
3) Feel torn because I really don't want to part with any of my ETH.
4) Decide that I'm going in at the ICO anyway.
5) Miss the ICO because I'm in a meeting at work.
6) Frantically try to pick up some tokens at an inflated price as soon as I can before the price rockets further.

[Tap Project]

For the BANCOR ICO, my aim is to do exactly what I did for the Aragon one

1) Plan to get in at the ICO.
2) Get ready to send some ETH.
3) Feel torn because I really don't want to part with any of my ETH.
4) Decide that I'm going in at the ICO anyway.
5) Miss the ICO because I'm in a meeting at work.
6) Frantically try to pick up some tokens at an inflated price as soon as I can before the price rockets further.

Haha sounds about right

[Roidz]

what will be the use to know the eth address 2 days before the ICO? i mean, can i send the eth 2 days before the ico and let them be ready just clicking 1 button?

[anahata]

The BANCOR ICO will be uncapped for 1 hour. I don't see how anyone can expect massive gains if the ICO raises a shitton of money. The key to get rich from an ICO is to buy an ICO that is undervalued (like STRAT). But with Bancor, im not sure if we can expect big gains. The BAT ICO made 37 million dollars in like 30 seconds.. so if the Bancor ICO goes on for an hour and at uncapped rate, it could reach like 1 billion dollar... what margin of growth you have then?

Any new ICO with token value greater than 1$ is not worth investing. Simply it will take too much time to reach 10x. IMHO holding your ethers can give better ROI in future.

[stefek99]

The BANCOR ICO will be uncapped for 1 hour. I don't see how anyone can expect massive gains if the ICO raises a shitton of money. The key to get rich from an ICO is to buy an ICO that is undervalued (like STRAT). But with Bancor, im not sure if we can expect big gains. The BAT ICO made 37 million dollars in like 30 seconds.. so if the Bancor ICO goes on for an hour and at uncapped rate, it could reach like 1 billion dollar... what margin of growth you have then?

Any new ICO with token value greater than 1$ is not worth investing. Simply it will take too much time to reach 10x. IMHO holding your ethers can give better ROI in future.

This could be by far the largest fundraising ICO in the history...

How to prepare? What to expect? How market will react?

It's scary... I'm learning and I have no idea what to expect here.

I was kind of expecting BAT success: https://twitter.com/stefek99/status/870678368336830465

[scribbles]

The uncapped hour was a decision made by the community. The reason was to avoid all being bought up and flipped expensively by a few whales.

This is to be respected, not shunned, about the ICO. It tries to be truly democratic, truly decentralized.

It should not be about the quick flip, gaining the quick buck, if you don't believe in the project just don't invest in it, we don't need you to flip it a week or so after release on the exchanges.

Lastly, whatever is sold above the cap will be bough again, for the initial fundraiser price, by the Foundation itself. So it can not diminish in value due to selling too many tokens.

This is the best, most earnest, ICO model thus far, and I hope many follow.

[helloge]

As mentioned above, the ICO world is so crazy that we should keep a eye on it. So I will watch the situation in the first hour and then make decision based on the amount of sold tokens. 

[TKeenan]

I think this will be a massive/landmark ICO. A lot of the projections on WINGS agree. For better or worse, this ICO is going to set records. Personally, I'm hoping that helps with mass adoption because this project needs it to function.

[styca]

90 minutes left on the "1 hour" uncapped ICO

They're on $73 million at the moment, and rising steadily.
I'm pretty sure it will drop like BAT once it's tradeable. Hope so anyway, and I'll pick some up later.

[styca]

It's here by the way, if anyone is following:
https://etherscan.io/address/0x5894110995b8c8401bd38262ba0c8ee41d4e4658

[mdkb]

90 minutes left on the "1 hour" uncapped ICO

They're on $73 million at the moment, and rising steadily.
I'm pretty sure it will drop like BAT once it's tradeable. Hope so anyway, and I'll pick some up later.

On twitter Bancor have said they are extending it to 3 hours now because the network is being attacked but it has caused a riot, as people have paid good money to BitcoinsuisseAG to guarantee them entry in that 1 hour, to extend now is breaking contracts, so this is a big problem they are facing now.

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

Someone just said to me it reminds them of trying to buy concert tickets.

[styca]

Someone just said to me it reminds them of trying to buy concert tickets.

Yep. Those who buy them will sell them on later for much more than they're actually worth.

[Alttrader203]

I am not biyong bancor
No cap and so much marketing : no return on investment

[Proxik]

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

[gomei]

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

I have the same question, How to deal with the 134,000+ eth? I have bought 20 eth and I don't want to see the Bancor to be a scam.

[styca]

I have bought 20 eth and I don't want to see the Bancor to be a scam.

I really don't think it's a scam, but after what happened with the BAT ICO and the steep price drop shortly afterwards, I decided to stay away from the Bancor ICO and hope to pick some up later. Who knows though, I might be wrong, ICO might still be the best time to get in.