Bancor is the poison the the cryptomarket. Users will bring absolute trash coins and flood the market. This shit shouldnt even exist and yes the price will tank ultra hardcore- it is overvalued by 100x
agree with the poison
not so much with the overvaluation; overvaluation is relative
The POISON part is that they have a function that generates more token from thin air; this mechanism made it impossible for the price to increase, which allows investors to secure profits, and hodl the rest.
with ICO's and even crypto, there is always risk, so there must be reward. If there is no profit possible, or only a small profit over a very long time (Bancor might take years and lots of purchasers, just to double the price), then why risk the money?
They should have issued a normal token for investors, and used a smart token only for the Bancor network. As-is, Bancor is worse than Ripple: infinite supply but still centralized