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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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18778720 No.18778720 [Reply] [Original]

Bancor is literally unstoppable

I don't have BNT
but I consider getting some, the "why" is in this old thread
>>/biz/thread/S17498129

I wish to summon someone who is more familiar with this shitcoin and for some reason had enough patience to sit in their telegram chats

https://blog.bancor.network/announcing-bancor-v2-2f56b515e9d8
This "V2" announcement didn't mention staking/inflation, why?
The platform and staking aren't necessarily intertwined, but it seems odd it wasn't even mentioned.

>> No.18779125

>>18778720
thats a dude

>> No.18779203
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18779203

>>18779125
>not "that's a goy"

well
biz doesn't seem to care, which makes me question whether I'm retarded or genius for seeing how this could be profitable

guess I'll just wait for things to develop, since I rather be poor than use pajeetgram

>> No.18779239
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18779239

>>18778720
i miss 2017 biz

>> No.18779245

Bump

>> No.18779254

volume on bancor isn't great
its up against many other defi platforms with much higher volume

>> No.18779260

>>18779203
thats a male goy, dude

>> No.18779307

>>18779254
>volume on bancor isn't great
> its up against many other defi platforms with much higher volume
this is irrelevant though

we know it's shit
they know it's shit
them coming up with a plan for a final pump to dump their bags, is a very reasonable course of action

read the warosu link
nobody is saying that bancor is the future of defi

>> No.18780099

>>18779307
interesting
i suppose it wouldnt hurt to hold a suicide stack

https://blog.bancor.network/bancor-staking-rewards-ad432e5d590d
are you referring to this

>> No.18780293
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18780293

>>18778720

>> No.18780556

>>18780099
Yes that's a more recent one

but if you read the warosu thread, the idea is this
>SNX was like Bancor
>SNX introduced USER VOTED staking % paid via inflating the supply
>BNT about to do the same (you can see, they do mention it's user voted as well)
>BNT 50x like SNX?

I doubt the 50x but it's an interesting idea
I can certainly see how it'll pump if users vote on a stupid staking reward %

>> No.18781473

>>18780556
i dont know anon
staking isnt exactly a new thing
they also didnt offer more implementation details

perhaps a small pump if coinbase is a thing
also in its favor is its low token count (~70m) and dirt price
so its suicide stack worthy

i only have long term plays (mainly ZRX - they sorted out the tokenomics, staking will be real good once ETH 2 comes and their is more txn capacity for cryptokitties, NFTs and plain old trading)

>> No.18781553

>>18781473
>staking isnt exactly a new thing
the point is USER VOTED staking
the "users" vote on how much the shitcoin inflates
and by users I mean the developers & whales who desperately want to pump and dump their bags

as I said, I hold no BNT yet, my ultimate motive is to get more biz eyeballs to look at BNT so we can figure out if it's a good opportunity or not

>> No.18781596
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18781596

>>18779239
me too