Post
Topic
Board Tokens (Altcoins)
Re: [ANN] Bancor | Protocol for Smart-tokens, solving the liquidity problem
by
thegeneral1985
on 12/06/2017, 10:01:45 UTC
People don't understand this ICO.  They have a false notion that because of a CRR that there is some stability/certainty/safety to their investment.

The reserve ratio will be 10% and at the discretion of the team.  This team has pretty much failed at everything they've done.  This is not a good "long term" play.  So good luck holding, and the only certainty is that the reserve ratio will be less than 20%.  So feel great that when 350k+ ETH is raised- you'll be able to convert it back to 20% of your original contribution.  You're basically betting on more people buying BNT for ETH after an large amount of ETH already is raised.

This is a disaster in the making.  I know, I know....it's FUD...but most of you are bounty paid shills or just following the crowd without understanding how BNT actually works.