The monster unleashed ! BANCOR starts trading in an hour !
Until our next news post about Stratis let's start a bit of discussion about the BNT token exchange that will happen in an hour or so .
We all know the stories . Bancor made history in performing the biggest token sale since the Slockit DAO, raising $150 million in some tense three hours that placed the ethereum network under stress.
It’s a huge sum of money with probably less than 10% needed for what they aim to do.
But who doesn't want to take part in the same project as Tim Draper, a well known VC investor ( he is their advisor and they have an alpha product) ?
But there is a great thirst in the ethereum community to invest in these projects and Bancor appears to be one of the more interesting .
On reddit people already are speculation on which exchanges it will get listed
Coinmarketcap.com has it listed as pre-launch and only with HitBTC in the markets tab.
Eyal Hertzog Co-founder and Product Architect at Bancor commented :
"The Bancor Network Token activation event is planned for Thursday, June 22 at 2pm GMT. This means that BNT will become transferable between wallets, and will also enable exchanges to list it. We will be updating this post with exchanges we know of listing BNT as they come online.
As we detailed in our recent Learning from TheDAO post, our plan is to activate the BNT pilot carefully and gradually while keeping the minimum required amount of ETH in the contract at first.
We may need to temporarily turn-off the Bancor protocol (i.e. direct smart contract trading) during the pilot period if technical or other unforeseen concerns dictate it. We will announce all developments in our channels. This is part of our strategy to centralize some aspects of the software development until such time as both the Bancor protocol and the Ethereum blockchain are ready for smart tokens to be immutably locked and thrive on their own. "
COME ON people get your coins, tokens, fiat money ready you know you will need it for this one ! (joke!)
Opinions ? DUMP ? PUMP ? FOMO ?
Tell me bellow what you will do !
HAVE FUN & GOOD LUCK dears !
DISCLAIMER : The post has been prepared solely for informational purposes, and is not an offer to buy or sell or a solicitation of an offer to buy or sell any security, product, service or investment. The opinions expressed in this post do not constitute investment advice and independent advice should be sought where appropriate
I don't think BANCOR is a good investment. It's far from distributed and has a lot of issues.
You might want to read the following article before you jump into BANCOR.
http://hackingdistributed.com/2017/06/19/bancor-is-flawed/
That is one opinion , here is another https://steemit.com/bancor/@paulcoman/why-bancor-will-work
Thank you for the article.. however i do prefer to believe Emin Gün Sirer (which is a professor and is highly respected in the cryptocoin community) vs Paul.
Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
https://blog.bancor.network/bancor-network-token-bnt-activation-e1766b62a73d
thankyou for the info, upvoted and following
Upvoted and following. BNT may not be good longterm, but it still may do well in the short term. It quickly fell to $4.30. Each token was sold at about $3.65 (100 per ETH). You can see the exchanges here.
Nice article. Interesting to see I'm not the only one that is thinking about this. The decision to buy a coin should be based on real analysis of the coin. I found that people keep buying coins without have any knowledge of them. This is considered high risk. Do you know this interesting site? https://www.coincheckup.com. An amazing crypto research site. They researched every single crypto out there. This is truly great.