Re: [ANN] Bancor | Protocol for Smart-tokens, solving the liquidity problem
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. And there have been hundreds of coins released that have failed...so sometimes it's good to try to listen to some FUD and pick the right coins.
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. And there have been hundreds of coins released that have failed...so sometimes it's good to try to listen to some FUD and pick the right coins.
The 350 million USD cap will be hit anyway, no matter what you type here.
My question to you. Can you sell this token on an exchange for other crypto?