/biz/ - Business & Finance

I feel already priced out
Can this coin go higher than $10?

>>20591090
Easily.
https://www.thestreet.com/investing/cryptocurrency/bancor-s-on-chain-liquidity-protocol-is-now-less-risky-for-liquidity-providers

Read the chainlink blog about it too.

v2 delayed

>>20591397
cope

>>20591090
yes, this has the potential to pave the way for DEXs overtaking CEXs. BNT will be the Binance of DEX's

also, even if it doesn't go above $10. are you going to be mad about an easy 3-5x? and not a cross my fingers and hope i don't get scammed 5x but a "buy and forget about it" until it 5x's.

honestly people on this board need some perspective. You can buy $100k worth of this right now on binance with minimal impact to the price and know that in a month or two that will have at least doubled. That (very conservative estimate) alone should make you want to go all in without worrying about "being priced out"

I for one am sitting comfy while all in.

>>20591397
lmao this anon always come to bancor threads to say the same shit

I cant believe this has been crabbing for so long, i have been dumping all my defi shitcoin gains to this for the past 2 weeks and now hold massive bags. Comfy as fuck. I literally started with 2 eth 2 months ago and now have 20k BNT,

>>20591677

I like having him here desu. I'll be worried the day he doesn't post :(. But yeah OP, if V2 sets out to accomplish what it will, its a complete game changer. A fucking clear sail to minimum x5-10, the only risk (and a fatal one) is the prescence of any vulnerabilities. However I noticed Consensys have been shilling their auditing service for the past while, I imagine that they've given V2 the all clear, and now will easily become the defacto audit for predeployable contracts given the sucess of V2. Also the aggresive bug bounty is nice.

I've 13k BNT and 13K LINK. Here's hoping I make it

2k stacklet reporting in. It's still 25% of my holdings, so feels significant for me.

ConsenSys and 1inch audits failed and Bancor team are waiting until the last day of July to announce V2 is delayed.

Bancor lied about solving impermanent loss.

Bancor is the most hacked crypto in history.

Bancor isn't DeFi. It is centralized. The team can steal your funds at any time and they demonstrated this the last time they were hacked by stealing the funds back from the hacker.

Coinbase will never list Bancor because it is a security token and team admitted this and banned Americans from using their exchange.

Bancor banned me from the official telegram group and the trading telegram group for saying in the trading telegram group that i thought the price would go down (and it did).

Bancor was the worst ICO in history. Price is down 99.9%. There are so many bagholders shilling this desperately trying to pump the price so they can sell to break even. Don't believe their lies.

>>20593015
>>c+v shitty pasta tiem

>>20593015
The fact that anons post this in every thread shows me they're filling bags of BNT.

>>20593130
>The fact that anons post this in every thread shows me they're filling bags of BNT.
V2 was supposed to launch in July. It is now almost the end of July and no word about when V2 is launching. I am an insider and I have been trying to warn you anons for weeks that the audits failed and V2 will be delayed and team will wait until the last moment to announce the delay. We are only a week away from end of July. Are you getting nervous?

>>20593015

Its daniel again

>>20593266
I'm getting nervous, should I sell?

>>20593266
>V2 was supposed to launch in July.
were still in july 2 weeks left
>Bancor lied about solving impermanent loss.
how?
>Bancor banned me from the official telegram group
;)

>>20593295
>Its daniel again
you have mistaken me for someone else

>>20593378
>I'm getting nervous, should I sell?
sell and buy after the v2 delay announcement dump

This is probably a brainlet question but for the BNT yield farming where will the BNT tokens that are airdropped to liquidity providers come from? Are they adding more coins to the circulating supply?

>>20593766
Yes, definitely sell it rather than use it to stake and generate great gains. Noobs. Yield farming is the end goal, not jumping from one PnD to the next.

Also will Americans be able to be liquidity providers?

What will be the price of bancor EOY? What potential price could bnt reach if things go smoothly?

>>20593916
>Also will Americans be able to be liquidity providers?
No, Americans are banned from using the exchange, staking or yield farming

>>20594715
50 cent after early buyers dump you

>>20594715
Why do people ask this shit? $50, $29,000, a hundred billion. Why do you want strangers to feed you numbers about shit that is literally impossible to know?

>>20594824
What are VPNs?
Also, Americans can use 1inch to access bancor without a VPN
there's a few other ways too

>>20590978
can this shitcoin pump already

I promised everyone that BNT will be at $2 when V2 launches and now it seems like markets have lost interest

>>20593916
There are other community front ends that can be used by Americans to pool in the same pools.

Bnt is about to explode up. Dont miss this train.

LADS I'M ACTUALLY GOING TO KMS
I FUCKING TRIED TO SWING BNT WITH AMPL TO GET A BIGGER STACK LAST NIGHT
AND NOW AMPL IS DUMPING

AAAAAAH WHY THE FUCK DID I GET TOO GREEDY

>>20593838
Inflation. The community will vote on how much when Bancor DAO launches. It’s the next thing on the roadmap after V2 release.

>>20593916
Yes. Using xnation. Which will have identical staking and swapping functionality as bancor.network.

>>20593766
There won’t be a delay. Ignore the FUD.

>>20593378
Do what’s right for u anon. But say V2 does release on main net in July, how do u think the market will react. What if I told u that it will release in July? Then what would u do?

So you stake your BNT and get your share of 50% of the trading fees in the pool, so even if token teams are staking millions and millions of tokens on the other side of the pair (which is exactly what Chainlink said they will do) then BNT holders still get 50% of fees.
AND the base value of BNT moons to high heaven to balance out the value of every single trading pair on the platform COMBINED.
AND you get free BNT's through inflation just for staking.
AND it's at 100m fully diluted cap.
AND Chainlink are literally on board and they never fucking support anything this openly.
AND despite the fact a handful of /biz/tards are on board it's still generally under the radar due to the generalcacophony of shitcoin shilling.
AND our resident fudder just posts the same tired bullshit every day because he's got nothing else.

Institutional liquidity coming to DEXes, bros. Liquidity amplification and no slippage, single asset exposure, impermanent loss mitigation. It's happening fucking SOON.

>>20593266
Where are you an insider from? Consensys? If so, you know that the audits found a few bugs, the team fixed them and that you are re-reviewing code as I type this.

Maybe youre an insider from Uniswap or Balancer. If so, the you know absolutely. nothing and are just fudding because you’re scared. You saw the code that Bancor just open sourced and you know that Bancor V2 does what it’s meant to.

Or maybe you’re not an insider at all, which is the most likely scenario, in which case you are a very sad individual with a lot of time on your hands and I actually feel bad for you.

Also, code CANNOT fail an audit. This is the dumbest FUD I have ever read. The purpose of paying Consensys, 1inch and other teams 10s of thousands of dollars is to break the code and find problems with it so those problems can be fixed and make the code as secure as possible before potentially billions of dollars get locked in the pools built on top of once it on main net. No one should believe your nonsense.

Looking forward to a V2 release next week. ;)

>>20597658
if you go to defi pulse, curve has 333 million locked up, does that mean bancor will only do a 3x if it locks up the same amount? its market cap equals the amount of liquidity other tokens have locked in bancor?

>>20597903
The base value of BNT has to match the value of the liquidity in every pool for the platform to operate, but that doesn't mean the value stops there, that just means there is a lower limit. The speculative value of people seeking trading fees and inflationary rewards will sit on top of that and, being crypto, be far larger than the base rate.

>>20597903
and then factor in that the problems v2 solves set the stage for institutional liquidity provision across the entire ERC20 ecosystem and you realise that there are literally billions of dollars worth of tokens that people will want to stake without impermanent loss.

>>20597903

Completely different dynamics at play here.

Bancor has $21 million locked up and the token price is around $1.50.

If Bancor had $333M locked up then BNT would be worth around $23 if ETH price stayed the same as it is today.

>>20598077
thats not true because investors are pricing in future increase in deposits already.

>>20598137
Alright. So let’s see how it plays out then. This was a rough estimate. If you have a more accurate way of calculating this and providing a dollar value for when Bancor TVL hits $333 M then please share it. I’m interested.

>>20598209
no idea mate. lets hope the defi market continues to explode and it does a 20x

BNT will moon,if the team deliver. I think they will deliver. Its a good team. Chainlink would never advertise this much otherwise.

Just got my stack up to 5k. BNT is the comfiest moon hold. Went down the rabbit hole and found out Bancor invented the AMM/liquidity pools design that's the backbone of all the DeFi buzz right now. V2 is the king coming back for the throne

>>20597449
what is the inflation rate set at for launch?

>>20598373
It will explode because of Bancor, not beside it. Liquidity amplified trading means DEXes that perform better than CEXes in terms of low slippage. And the Bancor interface is literally "Click to add liquidity". It's fucking awesome.

ConsenSys and 1inch audits failed and Bancor team are waiting until the last day of July to announce V2 is delayed.

Bancor lied about solving impermanent loss.

Bancor is the most hacked crypto in history.

Bancor isn't DeFi. It is centralized. The team can steal your funds at any time and they demonstrated this the last time they were hacked by stealing the funds back from the hacker.

Coinbase will never list Bancor because it is a security token and team admitted this and banned Americans from using their exchange.

Bancor banned me from the official telegram group and the trading telegram group for saying in the trading telegram group that i thought the price would go down (and it did).

Bancor was the worst ICO in history. Price is down 99.9%. There are so many bagholders shilling this desperately trying to pump the price so they can sell to break even.

>>20598488
The DAO will vote on it after v2 launch.

>>20598407
Ok ranjesh

>>20598482
Bancor invented AMMs and DeFi and now they’ve set a new paradigm with DAMMs = Dynamic Automated Market Makers. Prepare for face melting next week.

>>20598541
i have a 5k bag. lets hope it works out

>>20597332
Oh it's you. Silly Billy.

>>20598555
>is there an echo in here?

Where are you an insider from? Consensys? If so, you know that the audits found a few bugs, the team fixed them and that you are re-reviewing code as I type this.

Maybe youre an insider from Uniswap or Balancer. If so, then you know absolutely nothing and are just fudding because you’re scared. You saw the code that Bancor just open sourced and you know that Bancor V2 does what it’s meant to.

Or maybe you’re not an insider at all, which is the most likely scenario, in which case you are either paid to post this FUD or just a very sad individual with a lot of time on your hands and I actually feel bad for you.

Also, code CANNOT fail an audit. This is the dumbest FUD I have ever read. The purpose of paying Consensys, 1inch and other teams 10s of thousands of dollars is to break the code and find problems with it so those problems can be fixed and make the code as secure as possible before potentially billions of dollars get locked in the pools on main net. No one should believe your nonsense.

Looking forward to a V2 release next week. ;)

>>20598555
Hey “lolibutts”. You were banned from the channels for posting FUD and deliberately trying to scare people into dumping. The bans were lifted when you asked the mods about why you were banned and were told it was because of FUD. Feel free to join the conversation again. Just knock it off with this silly FUD already. We’re all frens here.

>>20598675
Based and BTFO.

>>20598675
He's paid to fud. He fuds this and I'm not sure what else he fuds. If you go through the archives, you will see him in ever single BNT thread.

>>20598930
Yep. All Bancor Bulls have noticed. No one believes him anyway. Big waste of time and energy.

Looking forward to seeing what BNT FUD V2 looks like after Bancor V2 is released on main net at the end of next week.

>>20599167
>i thought the price would dump, and it did dump
When did it dump? It hasn't dumped in over a year.

>>20598820
>Hey “lolibutts”. You were banned from the channels for posting FUD and deliberately trying to scare people into dumping. The bans were lifted when you asked the mods about why you were banned and were told it was because of FUD. Feel free to join the conversation again. Just knock it off with this silly FUD already. We’re all frens here.
i'm not "lolibutts" or "Daniel".

I posted on the BANCOR TRADING TELEGRAM GROUP I thought the price would dump (which it did). They banned me for that and also banned me from the official bancor telegram group as well. This should be a major red flag to anyone thinking about investing.

>>20599167
the trading channel is not run by the team. so obviously u pissed off someone in the community who runs it. ping me on telegram @fudfixer. let’s talk.

>>20599289
>the trading channel is not run by the team. so obviously u pissed off someone in the community who runs it. ping me on telegram @fudfixer. let’s talk.
i was banned from official group at the exact same time i was banned from the community run trading group, and i only posted on the trading group.

>>20599515
Imagine fud spamming on /biz/ for weeks because you're so butthurt about getting banned from a fucking telegram channel. holy shit anon reevaluate you life lmao.

>>20597842

Based. Thanks Nate :)

>>20599515
message me. i’ll help u out. @fudfixer

>>20599680
>message me. i’ll help u out. @fudfixer
no

>>20590978
Explain this to me like I'm retarded, because I'm retarded

I will be able to stake my LINKies and get rewards?
Where do the rewards come from?
Is it just a lending thing and you get interests, like crypto.com or celsius but more decentralized?
How secure is it? They used to claim it could "eliminate impermanent losses", now it's just marketed as "mitigating"
What if the contracts get hacked, and I somehow lose everything?
Can my LINKies be reimbursed?
can i stake with no bancor token? what their token do?

>>20599839
so you’re paid to be here then? ok. really wanted to help anon. no hard feelings. can help make things right for u. if u prefer to keep fudding though then that’s cool too. i think a lot of people find it humorous anyway.

>>20600018
i was right that the audits didn't pass because they discovered bugs

it's not fud

>>20600085
that's what audits are for you stupid dipshit. I can't believe all of this is just because you got banned from a fucking telegram.

>>20599996
When you stake your linkies in the pool you receive pool tokens in return. the pool tokens represent your linkies plus the percentage of pool fees you are entitled to. as fees accumulate in the pool they are automatically distributed to the pool token holders. Whenever you want to take your linkies out you just sell the pool token by swapping it out for linkies. you’ll receive your linkies back plus the fees u generated. u do not need to stake BNT and can opt to maintain full LINK exposure. Mitigated is more accurate language than eliminated. If contracts get hacked there will be precautions put in place that protect user funds. BNT powers the network. It processes all swaps, enables crosschain, protocol rewards customization, network effects (more bnt staked = more liquidity on whole network & more BNT bought more liquid the pools) + community protocol governance in the Bancor DAO which is coming later this year.

>>20600282
>that's what audits are for you stupid dipshit. I can't believe all of this is just because you got banned from a fucking telegram.
v2 is delayed until q4

>>20597449
So what does inflation actually mean? That they are printing more coins?

>>20600085
Did you see the Uniswap V2 audit? Some pretty big bugs were found, but then the Uniswap team fixed them and released on main net. The same applies here. Once again, this is precisely the purpose of paying so much for an audit. So security experts can attack the code and find issue so it can be fixed before it ships to main net. This is a good thing. Not FUD.

>>20600547
Yes. That’s what it means, but the community needs to vote on the rate of inflation. It’s set at 0% until the Bancor DAO votes to change the rate in the first BIP (Bancor Improvement Proposal).

>>20600491
Its not. :)

>>20600547
exactly, right now there are ~ 65mm circulating, and that number will increase.

The rate of the increase will ultimately be voted on by the DAO -- where the tradeoff to decide on is: how much inflation do we want vs how much staking rewards?

>>20600612
>It’s set at 0% until the Bancor DAO votes
interesting. So where do the initial LP rewards come from? I cant imagine they expect people to provide liquidity for free while they wait until the first vote

>>20600709
>interesting. So where do the initial LP rewards come from? I cant imagine they expect people to provide liquidity for free while they wait until the first vote
there won't be any rewards until the end of the year

>>20600709
I believe there is also a percentage of trades that gets doled out to stakers in addition to BNT airdrops. I could be wrong here

>>20600709
The initial rewards are the fees that LPs collect from trades in the network. So if you provide liquidity to the LINK / BNT pool let’s say - then you’re entitled to a share of the trade fees from the volume that passes through that pool, depending on the percentage of liquidity that you have provided.

The BNT staking rewards that come with inflation are an added reward for BNT holders who want to lock up their tokens in the pools.

It’s also possible that different token pools will have different liquidity mining programs on top of the fees and BNT rewards.

Another yield farm that will come with some V2 pools is integration with lending protocols.

So there are many different potential streams of passive revenue coming with Bancor V2 pools.

Wait so it is one person fudding? 24 fucking hours, every fucking thread, it’s one person fudding? Are you Muslim?

>>20600804
False. Please stop the silly misleading FUD.

You don’t seem to understand that there are already rewards from trade fees in place. The BNT staking rewards will come within a few months of Bancor V2 release, but certainly not at the end of the year - no.

>>20600938
You seem very informed. do the /biz/ equivalent of winking (whatever the hell that means) if you're an insider.

>>20600938
can i get some free bancor? 0x8bb236779e2faf7cb2792529e1db4a0d3c9a4a6c

i am better at shilling than i am at fudding

I HAVE 25K BNT. AM I GOING TO BE A MILLIONAIRE OF THIS PIECE OF SHIT? TELL ME THE TRUTH

>>20601348
Congrats on becoming a Bancor Bull.

>>20601051
he left.
I think that means he's an insider.
v2 not delayed

which one of u bancor bulls tipped the fudder’s wallet? lawlz

this whole thread is bullish af btw. bnt comfy

>>20601051
He is definitely an insider. Log this thread for future reference to deal with retarded fudders.
JULY IT IS

>>20602223
That was nice of you anon. Godspeed.

>>20602945
BNT bulls be comfy.

>>20602945
>>20603064
indeed. comfiest hold right now