This project is huge but I don't know why it's still undervalued? was it actually because of the amount it raised in sale? or are the fud about it actually true? I still don't understand something.
It's a little confusing. Bancor is building on a platform, which makes it easier to exchange smart-tokens, even when trading volumes are too low to provide trading liquidity. The thing I don't understand is that it seems to be that bancor coins (BNT) are purchased when trading smart-tokens. It seems that BNT behaves like company shares (investing opportunities), but what are the benefits for the Bancor team of higher BNT prices?
If the monetary base represented by BNT is large, it can support a larger number of projects. Without it, it will be limited to small projects only.