/biz/ - Business & Finance

this was a jewish (actual israeli) ICO scam from 2017. standard vaporware startup, you slowly exitscam by underdelivering over years then go "woops, we tried our best, onto next fundraising venture now!"

>>19711238
Why has it 8x in $$ value tho there must have been some hype

>>19711238
I'll be here when u fomo in july buddy

>>19711373
What’s happening in July? Is this about the v2 hype?

>>19711373
What’s happening in July? Is this about the v2 hype

>>19711219
A few anons here (myself included) got in under 3k sats because of op related
I sold around 6k because it pumped for a completely different reason and kinda sat there for a bit
missing out right now but this project isn't a good long term thing anyway

Is it good for long term, wtf u talking a out

>>19711219
It’ll provide the most liquid DEX pools, lowest slippage. 1inch will direct a lot of traffic to v2. BNT takes a share of profits. It’ll reach KNC mcap.

>>19711219
They stole my ethers.
Told me that since they're decentralised they can't recover.
I explained to the support dude step by step how the money can be recovered. Asked him to either admit that they can't be bothered, or to help me (but pls stop lying).
He stopped responding.
I mean... idk, it will probably pump cause of 2.0 but it's a shit product that's only being built to justify the ICO funds. Uniswap is in a league of its own.

>>19712524
no, "they" stole nothing.
you were too stupid to understand the risks.

>>19711918
Once you can join pools with one token only on the other side they will mint infinite BNT to counter your value.

Nobody will need BNT anymore

>>19711219
its a jewish scam.

>>19713298
No more like the token holders will stake to get 50% of the fees and rewards like SNX locking up 90% of the supply

>>19713298
Wrong, the staking is so they can allocate value to the pools that need liquidity, ie higher staking rewards for those pools.
Furthermore there's been talk of giving fee discounts to BNT holders, giving BNT a similar inherent value as, say, BNB from Binance.

Also BNT will be incentivized to be held as long as the value on the other side of the pool is bigger, since then BNT will have lower P/E than the counterpart in that pool. Therefore there's an inherent incentive that will keep BNT at the value required to counter the liquidity of the other side.

>>19713411
That is not true, staking was introduced just because it is a hype word right now and to not cause everyone to dump because otherwise the token is not needed

>>19713928
Weak fud.
Token will be needed to balance the pools, which is an innovative design and is how they can do single asset exposure. Uniswap won't be able to copy since they refused to use a token and that's why they forked the bancor code. Bancor invented this game, and now they are reinventing it.
BNT will also get 50% of tx fees for all pools, given that the bancor pools will be the most liquid they will have the highest trade volumes in all of defi. Users wont even have to know its from bancor it will be sourced from 1inch.This is a 10x bigger market than loans (AAVE) and derivates (shitty gold synthetix), since swaps are by far the biggest DeFi market.
Staking may seem like a meme to you, but it made SNX go 50x. Does it create real value, aruably not, but it undeniably creates insane value for token holders, which why BNT is going to $10, whether you like it or not. The market doesn't give a shit about your fundamental analysis.
With 80% of the supply locked getting 75% APY due to the rewards (just like SNX), the float on exchanges is going to be so fucking tiny, even smaller than it is now.
It will take 5BTC to pump it 15%.
Coinbase will list it in July and this will be $10 easily.
Screen cap this.

>>19714283
>Weak fud.
>Token will be needed to balance the pools, which is an innovative design and is how they can do single asset exposure. Uniswap won't be able to copy since they refused to use a token and that's why they forked the bancor code. Bancor invented this game, and now they are reinventing it.
>BNT will also get 50% of tx fees for all pools, given that the bancor pools will be the most liquid they will have the highest trade volumes in all of defi. Users wont even have to know its from bancor it will be sourced from 1inch.This is a 10x bigger market than loans (AAVE) and derivates (shitty gold synthetix), since swaps are by far the biggest DeFi market.
>Staking may seem like a meme to you, but it made SNX go 50x. Does it create real value, aruably not, but it undeniably creates insane value for token holders, which why BNT is going to $10, whether you like it or not. The market doesn't give a shit about your fundamental analysis.
>With 80% of the supply locked getting 75% APY due to the rewards (just like SNX), the float on exchanges is going to be so fucking tiny, even smaller than it is now.
>It will take 5BTC to pump it 15%.
>Coinbase will list it in July and this will be $10 easily.
>Screen cap this.
this. bancor is my ticket out of biz.

>>19712508
Does it implement Kyber or is it a direct competitor?

>>19711219

Bancor will disrupt a lot of the status quo. Not only just defi but centralized exchanges as well. The entire crypto scene is about to be turned on it's head. Users will effectively own and take part in in the profits of the exchange, users become the market makers. This isn't just another rivalry to Coinbase, Binance, Kraken etc Bancor is effectivly their alpha predator. In fact it's entirely possible the next crypto arms race will be 3rd party interfaces competing to access the coming long tail of the Bancor liquidity network.

>>19713928
>refute everything you said
>nuh uh it's not true staking is just a hype lol

Anyway like I said the main buy pressure will come from balancing P/E of fee income. Not from staking inflation rewards, that's just a mechanism to balance the pools.
>>19714283
staking inflation rewards does not create real value, but the P/E from fees does.

Honestly it's a miracle SNX actually pumped on staking inflation, since God knows the actual fees there don't offset the collateral losses. If a ponzi like SNX can pump, imagine what a real, sustainable thing like BNT is gonna do.

>>19714598
Kyber will use BNT pools.
Once BNT liquidity skyrockets due to solving impermanent loss, all Kyberswaps will rely almost COMPLETELY on BNT pools.

>>19714908
correction, Kyber ALREADY uses BNT pools. But Bancor liquidity currently still has competition from other pools. Will change completely with V2.

>>19714894
It really doesn't matter if the model will create real value, it will pump the token holders. This isn't a fucking soup kicthen who gives a shit.
It will also pump because of the way the model is structured, it locks up an insane amount of the supply.
SNX isn't use for shit except subsidizing a system that is unprofitable, look at the fees. It's a dumpster pile of shit. Only early adopters are minting because the model rewards stakers.
BNT is different as its value is directly tied to tx fees and as they scale so does the value of the coin.
Add in the staking mechanism and its going to $10.

>>19715045
>It really doesn't matter if the model will create real value, it will pump the token holders. This isn't a fucking soup kicthen who gives a shit.
maybe your approach works for P&D but that's not how the big boys think. The reason big money went into SNX is because they hope the devs will come up with a way to make the average gains/loss at the synthetix exchange 50/50.
If you're honestly just chasing stuff without real value you're gambling on other people making mistakes for long enough before you get out, that's not very sustainable. Means you've just been lucky.

Anyway unlike SNX the locked up capital in Bancor doesn't need to bet against the exchange users, you just gets rewarded for providing liquidity, similar to AAVE, where you provide lending liquidity.

>>19715342
There is real value in the bancor model, it will be derived as tx used by trades. The SNX model is just icing on the cake that will attract addition attention, buyers, and price momentum. This isn't some jeet pump and dump. Don't try to label it as such.

SNX pumped because an ETH whale locked up everything didn't sell. Frameworks locked up everything has 8m in escrow. The asian manlet soiboi cuck locked up everything while simultaneously front running the system.
BNT will have a similar lock up.

The fact that BNT doesnt need to countertrade its minters like SNX, which you pointed out, is incredibly bullish. It aligns incentives and isnt a long-term unsustainable model like SNX.

You and I both know this is pumping multiples to what it is now. You can choose to buy and make money or miss out and claim its because its a SNX tier scam. Pro-tip it is not.

>>19715342
>assuming I'm not a big boy.

KIKE SHIT KIKE SHIT KIKE SHIT

>>19712524
"Stole" how is that stealing? Do u even know what stealing means

They just said bancor v2 can do 20X curve-style amplification on liquidity pools - so a $10K pool acts like its $200K pool.

I immediately thought "ok, so how do they compete with curve?"

Then realized they can this not only with stablecoins, but ALL ERC20s!

That means bancor v2 can offer prices that compete with centralized exchanges.

Holy fuck.

July this will be atleast 2$

only thing i dislike is the burger ban

>>19713135
>>19715872
If they have to resort to lying
>hurr durr we're a decentralised service, we don't store your pk
When I clearly show them in which API call they're returning my private key... Yeah it's stealing and lying.
After I explained the support moron how his service works he stopped responding.
No apology, no sincerity (aka "yea we can but we don't want to, fuck you").

>>19711219
>be me jan 2017
>login to coinbase, new assest, eth 7.00
>fug it, by couple thousand bucks worth
>ICO craze
>put some eth into bancor(scam)
>put some eth into tezos(hyper scam)

as assets, they are basically very close to being with the value of the eth i put into them, in other words, I should have just kept the eth's no?

BTC core is the only thing that is not a shitcoin.
ETH is the only thing that is close to being relevant, still holding a bit more than 100.

LINK is the only thing I ever put eth into that outperformed eth itself.

>>19716868
>LINK is the only thing I ever put eth into that outperformed eth itself.
Every 2017 ICO outperformed ETH as long as you're not a greedy faggot and sold at a mere 20x instead of hoping for a 1000x like most brainlets.

>>19717224
P.S. In fact, LINK was a horrible performer exactly because it was legit, shitcoins like Verge and IOTA made 1000x during that period while we got a mere 5x being stuck in LINK.