So, I'm sort of running in circles with my understanding of this ICO...maybe someone smarter than I could clear this up for me!
My understanding is that when you participate in this crowdsale, you get a/number of Bancor Token, not one of their smart tokens which I understand to be baskets of other crypto currencies (like an ETF essentially). Initially I thought the prices of a bancor token was tied to Ethereum 1 to 1 but looking into it more, it seems it isn't. Does anyone know how much is one bancor token is worth in respect to dollar/bitcoin/eth or will that be determined after the ICO takes place? For example how many bancor tokens will you get for 500 dollars potentially (I know its not possible to be exact here). I think I'm just fundamentally not understanding this. To be clear, this is my first time participating in a crowdsale or ICO so please excuse my ignorance!