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Tokens (Altcoins)
Re: [ANN] Bancor | Protocol for Smart-tokens, solving the liquidity problem
by
Shahrul09
on
12/06/2017, 17:34:39 UTC
Quote from: Ni Ow on June 12, 2017, 05:24:34 PM
What you guys thinks about this ?
https://www.reddit.com/r/ethereum/comments/6gszuw/bancor_can_create_bnt_anytime_they_want_for_no/
--
Bancor can create BNT anytime they want for no cost
function issue(address _to, uint256 _amount)
public
ownerOnly
validAddress(_to)
notThis(_to)
{
totalSupply = safeAdd(totalSupply, _amount);
balanceOf[_to] = safeAdd(balanceOf[_to], _amount);
Issuance(_amount);
Transfer(this, _to, _amount);
}
https://etherscan.io/address/0x1f573d6fb3f13d689ff844b4ce37794d79a7ff1c#code
BNT owner is ico contract
https://etherscan.io/address/0xbbc79794599b19274850492394004087cbf89710
ico contract owner is bancor
https://etherscan.io/address/0x51a3ac2399c89ffa893b0f627c740c05193875a6
Lol that the concept.
Bnt is unlimited, it can be created when ppl want to buy, hence increase it price
Destroyed when liquidate, hence decrease the price.
Read the fcking whitepaper