Post
Topic
Board Tokens (Altcoins)
Re: [ANN] Bancor | Protocol for Smart-tokens, solving the liquidity problem
by
Shahrul09
on 12/06/2017, 17:34:39 UTC
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