/biz/ - Business & Finance

You have less than 9 days to load your bags and set yourself up for generational wealth.

Who's feeling comfy with me? This coin is going terrific

A huge redpill to high IQ NEETS who are looking to make it. Read at your own will.
>token not needed
The BNT token is crucial to all the Bancor AMM's (automated market makers) as it by design makes up 50% of each liquidity pool on the network. Why is that important? Market participants will be incentivised to stake their long hold token of choice in Bancor V2 liquidity pools due to getting no impermanent losses from staking and having the advantage of single token exposure, while earning trading fees as liquidity providers at the expense of traders executing trades. So if the value of the other tokens in the liquidity pools increases, the BNT proportional value has to increase as well to balance the pool. How will this happen? From BNT stakers getting more favourable dynamic fees if the pool is unbalanced. This creates more market incentive for people to buy additional BNT to 'arbitrage' the fee imbalance from the pools - price of BNT goes up. Another important factor: the BNT supply will be inflated as BNT staking rewards will be given from minting new supply, which amplifies the potential earnings from staking BNT in addition to making profit from trading fees. If you're not staking your BNT, you will be diluted out of your market share %, so there's a game theoretical design for every holder to stake their BNT, which creates the following loop: the more BNT staked > the better the liquidity for traders > less slippage for traders > more volume > more fee earnings for liquidity providers > more demand for BNT > price of BNT goes up > deeper liquidity pools > less slippage > more volume > more fees > more demand for BNT > BNT price goes up and the loop goes on and on.

who here will accumulate an historical amount of wealth at the expense of dumb traders?

as a Liquidity Provider in Bancor pools you a literally taking money from dumb traders and swingers

this is the most based concept for holders imo

This has been shilled by low IQ pajeets on biz with shitty 'memes' and empty "to da moon fellow caucasians" schtick, but here's the red pill: after having failed their initial v1 launch and dumping more than 90% from ATH, they're finally launching V2 update in July, which brings the following features:

1) new version of Automated Market Making (AMM) that eliminates the risk from impermanent loss (HUGE problem with all AMMs that has previously stopped market participants from providing liquidity into the pools)
2) EVERYONE can provide liquidity to Bancor pools with just their token of choice, which hasn't been possible before. That means you can earn trading fees from staking LINK or RSR, while not having to have exposure to any other tokens in the liquidity pool. That means all the digital assets that don't have staking will move to Bancor to earn trading fees
3) amplified bonding curve that reduces price slippage now also available for volatile assets (example: AMM with $100k in its reserves has 10% slippage on a $10k trade; but if you introduce 20X amplification, the slippage on the same trade will be reduced to 1%). That means buying/selling will have less slippage than on centralized exchanges. All trading will be done in Bancor
4) as a liquidity protocol they provide liquidity to lending protocols and this means that all decentralized exchanges will outsource liquidity from Bancor, which means Bancor liquidity pools become even larger and more profitable; this creates additional demand for BNT (liquidity loop)

Important! The game theory behind the liquidity black hole:

twitter.com/Rewkang/status/1272631205263900672

other factors:
1) market cap is $70 million and fully diluted
2) they raised $153 million in ICO, so they have a large amount of funds to operate with
3) over 100 employees working on the project
4) all seed and private buyers from 2017 are rekt and you can buy in cheaper
5) the market doesn't understand V2 and its value in the DEFI ecosystem yet

This has been shilled by low IQ pajeets on biz with shitty 'memes' and empty "to da moon fellow caucasians" schtick, but here's the red pill: after having failed their initial v1 launch and dumping more than 90% from ATH, they're finally launching V2 update in July, which brings the following features:

1) new version of Automated Market Making (AMM) that eliminates the risk from impermanent loss (HUGE problem with all AMMs that has previously stopped market participants from providing liquidity into the pools)
2) EVERYONE can provide liquidity to Bancor pools with just their token of choice, which hasn't been possible before. That means you can earn trading fees from staking LINK or RSR, while not having to have exposure to any other tokens in the liquidity pool. That means all the digital assets that don't have staking will move to Bancor to earn trading fees
3) amplified bonding curve that reduces price slippage now also available for volatile assets (example: AMM with $100k in its reserves has 10% slippage on a $10k trade; but if you introduce 20X amplification, the slippage on the same trade will be reduced to 1%). That means buying/selling will have less slippage than on centralized exchanges. All trading will be done in Bancor
4) as a liquidity protocol they provide liquidity to lending protocols and this means that all decentralized exchanges will outsource liquidity from Bancor, which means Bancor liquidity pools become even larger and more profitable; this creates additional demand for BNT (liquidity loop)

Important! The game theory behind the liquidity black hole:

twitter.com/Rewkang/status/1272631205263900672

other factors:
1) market cap is $76 million and fully diluted
2) they raised $153 million in ICO, so they have a large amount of funds to operate with
3) over 100 employees working on the project
4) all seed and private buyers from 2017 are rekt and you can buy in cheaper
5) the market doesn't understand V2 and its value in the DEFI ecosystem yet

This has been shilled by low IQ pajeets on biz with shitty 'memes' and empty "to da moon fellow caucasians" schtick, but here's the red pill: after having failed their initial v1 launch and dumping more than 90% from ATH, they're finally launching V2 update in July, which brings the following features:

1) new version of Automated Market Making (AMM) that eliminates the risk from impermanent loss (HUGE problem with all AMMs that has previously stopped market participants from providing liquidity into the pools)
2) people can provide liquidity to Bancor pools with just their token of choice, which hasn't been possible before. That means you can earn trading fees from staking LINK or RSR, while not having exposure to have any other tokens in the liquidity pool. That means all the digital assets that don't have staking will move to Bancor to earn trading fees
3) amplified bonding curve that reduces price slippage now also available for volatile assets (example: AMM with $100k in its reserves has 10% slippage on a $10k trade; but if you introduce 20X amplification, the slippage on the same trade will be reduced to 1%). That means buying/selling will have less slippage than on centralized exchanges. All trading will be done in Bancor
4) provide liquidity to lending Protocols. Bancor itself is a liquidity protocol and this feature means that all decentralized exchanges will outsource liquidity from Bancor, which means Bancor liquidity pools become even larger and more profitable; this creates additional demand for BNT

Important! The game theory behind the liquidity black hole:

twitter.com/Rewkang/status/1272631205263900672

other factors:
1) market cap is $60 million and fully diluted
2) they raised $153 million in ICO, so they have a large amount of funds to operate with
3) over 100 employees working on the project
4) all seed and private buyers from 2017 are rekt and you can buy in cheaper
5) the market doesn't understand V2 and its value in the DEFI ecosystem yet