Post
Topic
Board Tokens (Altcoins)
Re: [ANN] Bancor | Protocol for Smart-tokens, solving the liquidity problem
by
Shahrul09
on 13/06/2017, 13:04:24 UTC
Ughhh i dont know why that guy try so hard here. This is bancor thread of course ppl in here believe in bancor.

I written there 'even if the transaction not get clogged'
What the team done after the clogged transaction happen, they extend the time limit to 3 hour( that not wrong at all for me becaus the cap not even reach yet at this time) and then they need to find a way to send stop order through the clogged transaction whic fail btw. So?

Any investor that dont like with that can liquidate after this.
They have decided to allocate any proceeds collected in the minimum hour which exceed the hidden cap as follows:

20% will be allocated to the BNT Ether Reserve, to further improve the liquidity of BNT, which increases stability while reducing conversion costs (price slippage) for all.

80% will be locked for two years in a smart contract that will buy back BNT for 0.01 ETH (the initial price) whenever it is available, according to its calculated price. The purchased BNT will be added to the Foundation’s long-term budget, and after a 2-year period, any remaining ETH will be allocated pro-rata according to the “Use of Proceeds” chart in our Token Creation Terms.

Thats a 120k eth buy back wall at ico price.
Idk why this guy so bitter bout this.

Proud with his reddit peers, but in the fud thread about bancor there all making stupid accusation, didnot even read whitepaper and grasp concept., just listen to hearsay. Lol



The team react according to situation. He salty this ico can get huge amount. Lol