Serious issue concerning Bancor, get rid of all BNT

[dominic25]

Yes, it is already trading on HitBTC. It was as high as more or less $100 and is now down to $19. I never really traded but mined BTC, PPC, LTC for a year about 3 years ago. I stopped with Crypto after getting scammed and ripped off many times. I am now starting a new strategy in investing in ICO's I just invested very little (2 LTC) in  Cryptoping it is a software that helps you trade on the exchanges.  https://cryptoping.tech/ico?i=17361 Who knows?

[De Selby]

Okay. So let's think this through.

In the OP's example R ＝ 80,000 S ＝ 40,000,000 and T ＝ 0.2.

Suppose someone buys 10% of BNT. At 100 BNT/ETH, that's 40,000,000 ＊ 0.01 ＊ 0.1 ＝ 40,000 ETH.

So how many BNT units are issued?

POWER(1＋(40,000/80,000))0.2 ＝ 1.084471771 - 1 ＝ 0.084471771 ＊ 40,000,000 ＝ 3,378,871 BNT new tokens issued.

Hence the new price becomes: 120,000 / (43,378,870.85＊0.2) ＝0.01383 as opposed to 0.01363.

Same discrepancy arises on the sell side as well, because you take the root of F when calculating the number of tokens to subtract, hence (I'm assuming) preventing a steep drop in value.

The equations were all taken from the whitepaper.

[De Selby]

I'd be nice if I got some feedback on the math. Even if it's to tell me I'm wrong.

[Zadicar]

Yes, it is already trading on HitBTC. It was as high as more or less $100 and is now down to $19. I never really traded but mined BTC, PPC, LTC for a year about 3 years ago. I stopped with Crypto after getting scammed and ripped off many times. I am now starting a new strategy in investing in ICO's I just invested very little (2 LTC) in  Cryptoping it is a software that helps you trade on the exchanges.  https://cryptoping.tech/ico?i=17361 Who knows?

This is just a normal thing on crypto world because after ICO expect for the price to dump since investors would really secure out profits thats why they do dump and if you sell late then say sorry you will surely lose up  some money. Speaking of Bancor i see this ICO pop out in nowhere and it already generate or accumulate enormous funds which is quiet suspicious thats why i decide to pass.

[jfao09]

big scam!you can see the big market value，it should be a lots of extraordinary date

[De Selby]

big scam!you can see the big market value，it should be a lots of extraordinary date

What do you mean by extraordinary date?

[dominic25]

big scam!you can see the big market value，it should be a lots of extraordinary date

What do you mean by extraordinary date?

?

[Shunyo]

Hey, can anybody elaborate why did it fall and got sold off so badly on the first day from .05 to .01 ?