Quote from: jakev on May 04, 2017, 05:16:11 AM

Quote from: Orr on May 02, 2017, 09:01:45 PM

Bancor announces partnership with TokenCard to bring Visa debit payments to all user-generated smart tokens
https://www.reddit.com/r/ethtrader/comments/68tpo3/bancor_announces_partnership_with_tokencard_to/

This is a very exciting partnership. With Bancor's ability to generate community currencies and "token baskets" there will be many users who are not extremely cryptosavvy on the protocol. Thanks to the very clean UI presented through Bancor (and partnerships with Status) users will be able to operate effectively on the crypto side of things. Effective gateways back into fiat is kind of difficult (for the time being) and partnering with TokenCard is a great way to make that happen.

Also here are some questions that haven't yet been answered on here that I wanted to quickly address (with more detailed responses coming soon):

"Will you be having a hard cap? That shows to me the team is confident with a set figure of funds."
Completely understand this perspective and in most cases, I would agree that a hard cap is a great model for funding these projects. With Bancor, it is important to realize that they have created (or at least executed) a unique model where the funds from the sale will partially be used to fund other projects on the Bancor protocol. This foundational support for other projects will be a large component of Bancor's value. The more that they are able to support, the better. So there will be a cap on the main sale, but extra tokens will be able to be generated to fuel other projects after the sale.

Will you be having escrow? And if so who will be doing escrow for you.
There has not been an escrow agent designated at this time.

The company is a nonprofit?
Bprotocol is the foundation in Switzerland. There may be a revenue model in the future that is essentially SaaS to deploy tokens on the protocol.

I would highly recommend testing out the UI on the website. It is a very cool experience!

Regarding the Hard Cap. It sounds like the initial crowd sale will set a hard limit. But future crowds sales may be run.

Similar to private equity.
Round 1
Round 2
Round 3
Etc.

Am I correct?