Re: [ANN] Bancor | Protocol for Smart-tokens, solving the liquidity problem
What are your thoughts on Stox as the first smart token on Bancor Network? Do you think this was a good decision or not as a first project? Until now, ICO investors in Stoxs are pretty screwed over by it. Do you think this is in some kind related to Bancor?
First Smart Token on Network was GNO with GNOBNT Relay, which is live since the beginning of October, and we can call it successful, since third biggest trading volume for Gnosis is on Bancor (just after Poloniex and Bittrex). I don't know the story behind Stox investors, but the token can only benefit from more volume and more attention from Protocol integration. Can you elaborate more about the situation with Stox?
I didnt invest in STOX eighter, just thought they were the first "real" smart token that has BNT as a reserve currency. Afaik Gnosis was traded before bancor was born and has no BNT or other currencies in reserve and therefore is no smart token right? Please correct me if Im wrong. But with Stox, long story short, the price fell constantly ever since ICO and it seems not to recover at all. I was in the Telegram group some time ago and there the tone was not really nice. Dont know what will happen with this project. Maybe it was because Floyd Mayweather promoted this project that buyers stayed away. For me that was a red flag too. Not that this guy does not know how to make money, I mean its in his name, but you know...
GNO is a Smart Token just like others, you can read more here - https://blog.bancor.network/gnosis-bancor-partner-on-the-first-ever-token-changer-gnobnt-63fb14b65653
Quote
This is why we are thrilled to announce a unique partnership between Gnosis and Bancor to create a joint GNOBNT Token Relay a decentralized liquidity pool of GNO and BNT, encapsulated in a Smart Token. 4,000 GNO and 400,000 BNT (~$1,000,000 value each) tokens will be deposited in a Gnosis-Bancor multisig wallet
Regarding Stox, well, you can't control the price so the team should just focus on developement. I know many tokens that are falling down after the ICO, nothing you can't do about it, except accumulating more if you belive in project.
Bancor is over, no one likes this project, the price sucks, I think you should be dumped below 10k sat.
OK, thanks for your insightful post!