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/biz/ - Business & Finance


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23459547 No.23459547 [Reply] [Original]

is there any reason to hold this or is it purely for staking

>> No.23460050

>>23459547
pure shitcoin

they hyped up something thye couldn't deliver for 6 months and then released some shit version of what they promised that will not work

most unethical project in crypto
stole $150 million ico money and just never did anything after that
3 years of wasted time

>> No.23460061

>>23459547
also they designed BNT into something that literally can't increase in value due to the new mechanics

what a shitshow

>> No.23460085
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23460085

There's no reason you would hold it and not stake it in a pool. Especially if you plan on "holding" for more than three months, which would qualify you for full impermanent loss insurance.
These threads are always filled with fud and discussion has pretty much died on /biz/, but read this if you're interested in Bancor:
>https://drive.google.com/file/d/1en044m2wchn85aQBcoVx2elmxEYd5kEA/view

>> No.23460502

>>23460061
that's retarded
>>23460085
Is there any incentive to stake BNT over for example LINK assuming i don't care for protocol governance?

>> No.23460567

>>23460502
You can stake them both separately, but in terms of selling LINK to BNT, i would say you might as well just stake the LINK and stay long in it.
I remember there was discussion about BNT holders getting fees across the whole platform, while token stakers would only get the fees in that pool, but I don't actually know if that's still the case.

>> No.23460586

stakenet makes this redundant

>> No.23460617

Soo much fud from butthurt boys... PRO tip do ur own reasearch! Or for ever stay poor.. first project to really Solve impermanent loss.

>> No.23460914

>>23460567
alright thanks, anon. i will just stake link instead then. in case fees across the platform will be distributed among bnt holders in the future i will consider a buy.

>> No.23460929

>>23460914
Yeah I haven't actually heard mention of that in a while, I'll ask in the Telegram and see what became of it.
In the meantime I think it's the best place to put LINK for sure, I don't know why more of /biz/ isn't excited about it, considering it's perfect for long term holders of a single asset, which is what most of us are.

>> No.23462131

>>23460085
hopium

>> No.23462566

>>23459547

The protocol is building a solid base. Standard fees for all pools is being voted on right now. Some point, probably by end of the year liquidity rewards will come on line. Staking a token like ETH while it's moons with no imp loss is pretty comfy

>> No.23462755
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23462755

>>23460050
>most unethical project in crypto
>stole $150 million ico money and just never did anything after that
>3 years of wasted time

This. The stated purpose of this token from the whitepaper is literally uniswap, they had the idea nearly 4 years ago,fully articulated, and they had 153 million dollars worth of ethereum to fund writing the code that would take a single competent developer a few months to write, and would take a team of competent developers weeks...
>no board of directors
>no regulators
>no laws
>literally no responsibility or accountability to anyone

PIC related literally never needs to do a thing and there is absolutely nothing to be done of it, she has the ICO ether and 10% of the issued tokens(6.9 million).
In real world they would be in prison or would be persona-non-grata as total morons and failures.