Can someone redpill me on Bancor (BNT)?

[Anonymous No.19450675]

Is it a good buy?

[Anonymous No.19450694]

it's okay

[Anonymous No.19450746]

>>19450675
Now? No. At 18 cents, yes, but you missed it. Buy AAVE instead.

[Anonymous No.19450776]

>>19450746
BNT went up a lot recently so I'm worried about getting dumped on. Why AAVE?

[Anonymous No.19451528]

>>19450776

Best token I've bought in a long time. Price has been driving up hard for 2 weeks.

Token is moving because Bancor have their V2 coming out which is supposed to end impermanent loss in automated market makers and enable single asset staking. This is a major blow to Uniswap. There's a good chance that when Bancor V2 releases that liquidity from Uniswap and other DEXs will shift over to Bancor's pools, which will have far less risk and much higher yield. This will also drive BNT price up.

Check out the blog and attached image for good explanations on Bancor V2: https://blog.bancor.network/announcing-bancor-v2-2f56b515e9d8

There's also BNT staking rewards coming after the V2 release: https://blog.bancor.network/bancor-staking-rewards-ad432e5d590d

[Anonymous No.19451544]

Bancor raised $150M in their ICO, this thing will pump for a while because of their warchest alone.

[Anonymous No.19451547]

>>19450746

AAVE is also good, but BNT has way more room for growth. Token's ATH was $10. As of today it's around $0.65.

[Anonymous No.19451628]

>>19450675

It is the best buy I’ve had in a long time. Thanks biz for the insights on this one.

OP - this says all you really need to know:

“The most undervalued project among its peers is Bancor, with a ratio of 56. This value is in line with some technology stocks, where PE ratios are generally higher than for established industrial companies.”

https://cointelegraph.com/news/traditional-stock-market-valuation-techniques-reveal-overvalued-defi-projects

[Anonymous No.19451633]

Bought a slight dip a few days ago. So happy I did! Performing very well.

[Anonymous No.19451703]

>>19451633

Chad. Proud of your Banclet bro!

[Anonymous No.19451726]

>>19451633

Just the beginning. BNT will hit $1 soon.

[Anonymous No.19451849]

>>19451726

I'm banking on it going much higher than that fren.

BNT's tokenomics have been updated to be almost exactly like what made SNX skyrocket.

$5 or more is definitely possible based on token model and staking rewards system alone. The V2 liquidity pool update will compound the price pressure, as BNT captures value when people stake in Bancor's pools.

[Anonymous No.19451885]

>>19451849

The Chainlink partnership is also a major plus for me. Bullish.

[Anonymous No.19451960]

>>19451885
Don't forget the Enjin coin partnership.
ENJ is also another great buy.

[Anonymous No.19452054]

>>19451960

>>19451960

ENJ is a great project. I hope there will be a big ENJ liquidity pool on Bancor V2. This would let ENJ holders stake tokens and collect fees from ENJ trades on Bancor with minimal risk.

[Anonymous No.19452260]

>>19451528
>>19451628
>>19451849
>>19451885
Thanks anons. I'll buy a bag of it. I'll probably get dumped on but V2 looks bullish as fuck

[Anonymous No.19452292]

>>19450675
$134m raised on ICO
over 100 employees
only project to solve impermanent losses

only $43 million market cap + all tokens unlocked already

probably the easiest 10x currently

not to mention
coinbase soon
V2
tokenomics designed to pump

[Anonymous No.19452319]

>>19452292
few months old pic describing why it's going to pump hard very soon

[Anonymous No.19452537]

>>19452260

You’re one of us now alpha BNT bro. Congrats. You’re gonna make it.

[Anonymous No.19452551]

>falling for Bancor twice in four years
Maxi/biz/

[Anonymous No.19452694]

>>19452551

I'm in love.

[Anonymous No.19452730]

>>19452551
I'd cor her ban, if you know what I mean

[Anonymous No.19452740]

>>19452319
i wish i could come cross these knowledge bombs earlier

[Anonymous No.19452749]

>>19452551

No one cares oldfag. BNT bags are pumping daily. Chad AF

[Anonymous No.19452769]

>>19452740

Still early. Pleb FOMO won’t start until $1 or after Bancor V2 is out.

[Anonymous No.19452771]

>>19452749
LEND or BNT ... hmmm

[Anonymous No.19452774]

>>19452551
what's with the shitty memes though?

reeks of curry in here even though I own BNT

[Anonymous No.19452818]

>>19452771

Both?

There's some collab between these two and Bancor V2 is meant to have lending protocol integration.

aavex.decentrify.io

https://github.com/decentrifyio/aavex

https://twitter.com/Bancor/status/1265936787802816512?s=20

[Anonymous No.19452866]

>>19452774
bancor jew'd a bunch of money off of biz back in 2017
now they're trying to do it again

[Anonymous No.19452981]

>>19452866

But BNT up 200x in a 2 weeks.

¯\_(ツ)_/¯

[Anonymous No.19453324]

What the kek? Just re-loaded HEVY on the last dip

Fundamentals are litt
Low supply, users lock up BNT to provide liquidity to any token in exchange for trading fees

As price of BNT goes up, bancor pools suck up more volume & generate more trading fees

What happens when BancorV2 solves impermanent loss, slaps on liquidity amplification & BNT staking rewards? Every token community will stake in a bancor pool instead of just holding tokens in their wallet.

Call in the nigerian caskets.

Game over. Top 20 cmc by EOY

[Anonymous No.19453495]

ok, you sold me. but i need to wait for my shitcoin to pump so i can exit that and get into bnt

[Anonymous No.19453543]

>>19453324
when is V2 expected to launch?

[Anonymous No.19453554]

>>19453543

Early July.

[Anonymous No.19453557]

Bancor is literally...