Decentraland released their token launch details:

https://medium.com/decentraland/announcing-the-decentraland-token-sale-da46f9c6d2ed

There was a great response posted by Eyal to this article.

The team does in fact have a pretty solid resume! They have founded, scaled, and exited multiple startups (https://www.crunchbase.com/app/search/companies/8f043b39ee773d756b69d33ea5531314193f4d52), and have been in the crypto space for years.

Algorithmic price discovery and removing the need for a double coincidence of wants is the main focus. If you feel capable of bringing something more useful to the table, by all means, build it.


How can you know this when you haven't seen the stability and economics of how BNT functions? The purpose of BNT is to create a connective mesh between currencies created on the platform that operates in an economic ecosystem that can operate almost independantly of any other. Tapping into BTC or ETH markets as a reserve is a totally different proposition, which yes- some might prefer.


You are pulling the 250m number out of thin air. If a dev wants to fork Minereum and add similar functionality, they are welcome to do so! The Bancor team has a pretty epic plan and the backing of a pretty amazing group of people to execute. We need lots of great economic engines in this new economic paradigm.


A token launch is equivalent to what in traditional funding would represent A,B,C,D, IPO rounds. Sometimes companies raise billions through this route. So for the entire life, hopefully a very long time, of a project that will grow and expand, it is not unreasonable to ask for certain amounts of capital if it is going to be allocated appropriately.

Saying "aka your pockets" is shortsighted IMO. Have you ever paid or seen legal bills for a large corporation over the course of many years? This team has run multiple startups and raised a lot of money in the past and know the cost of real world things at a large scale.


The team appreciates your perspective and the attention you've given to the project. It is unfortunate that we can't make everyone happy. Some prefer capped. Some prefer uncapped. Bancor is striving to create a happy medium where everyone can participate in the fairest possible solution.


Eyal has a great response to this Medium post in the comments.

AmarO, thanks for your insightful post about your perspective on the Bancor Protocol. I would like to address a few of your points in bit more detail:


There are a lot of people marketing and working on this project who truly believe in the Bancor vision. Aragon and Bancor partnered to so Bancor can utilize Aragon governance, and vice versa - which is a great partnership. Bancor did not "Copy Minereum" in any sense. If you read through the whitepaper, you can see that solving the liquidity challenge and removing the double coincidence of wants is a huge part of this project. There will be lots of projects that create ETH tokens, but look at HOW Bancor is doing it, and you'll find where it's unique.


This is a silly comparison regarding Eyal's comment. Regarding 50% of the coins, the team is only taking 10%. The rest is to improve upon the Protocol in various ways. You can read more here: https://blog.bancor.network/bancor-network-token-bnt-contribution-token-creation-terms-48cc85a63812


the "blah blah" part is pretty essential


I would love to hear your perspective on what you think Bancor is doing! I think solving the challenge of liquidity by utilizing reserves and removing the need for exchanges is actually a pretty technical and complex challenge to tackle. If it is "really simple" in your mind, I can't wait to see the projects you come out with!


There is actually a lot more going on with Bancor! It's not about it being backed by the reserve token. It's about removing the need for exchanges and algorithmically pricing all smart tokens. There is also simple ability to create community currencies through chatbots, instant liquidity, simple application, guardian mechanisms, etc...


Minereum (which I had never heard of either) is obviously welcome to add Bancor functionality to their tokens! Instant liquidity and removing the need for exchanges is a great addition to any coin creation platform. I like how close the last part is to Scooby Doo where the bad guy is like "and I would've gotten away with it if it wasn't for you meddling kids!"

Anyways, in all seriousness I think Bancor is a pretty fundamental paradigm shift. The creator of the Euro, Bernard Lietaer, agrees with that sentiment too. If you have any other questions or comments, the team is available on Slack or Telegram to answer them!

Cheers

The bounty campaign has been live for quite some time. Check out the Bancor website for details at www.bancor.network

There hasn't been anything quite like this implemented before. It is based on theoretical frameworks presented by thinkers like FA Hayek. I guess one of the most related applications in practice is a prediction market or sports betting platform. The odds are weighed on one side at first, but balance out/shift over time with different people choosing sides. It's similar to Bancor tokens in the way that you can create/redeem tokens which causes fluctuations in the price.

Bitshares is doing some great work for sure! Ronny and team are some of the most forward-thinking minds in the space. Regarding stable assets on ETH, there are a few projects working on this including STABL. They should be active in a few months and will be a great addition to the protocol.

I would say that Waves is somewhere between an Ethereum and a Bancor. It provides the infrastructure to create tokens and eventually smart contracting capabilities. Bancor's focus is on providing liquidity through their algorithmic pricing and removing the need for exchanges. Waves doesn't offer this functionality, but rather uses the DEX to match a buyer and a seller.

100BNT:1ETH


Bancor will release on Ethereum first. There is potential to move to other platforms down the road such as Rootstock, as well as integrations with Cosmos.

I think it's important to understand how the Protocol will function before making rudimentary assessments of the crowdsale structure. If one actually reads and comprehends the whitepaper, it will be understood that the more value that goes into the protocol, the better. More capital to support projects and fund the initial token changers will allow for the initial Bancor network mesh to be much stronger.

A limited cap is essential when the main use of proceeds are for application development. If that is the case, there is no essential use for all of the other capital, which could be considered greedy. The app should be built. Revenue should be generated that should make the project sustainable without excess capital. This is not the case with Bancor, which is a protocol with a v1 that is essentially already built and is a tool that provides/creates liquidity.

Regarding CRR, keep in mind that all other tokens until this point have no CRR. That means that no matter what Bancor chose as their reserve, the instant liquidity is something no one else has ever provided.


0x is building something very different than Bancor. They serve different functions. 0x completely decentralized exchanges. Bancor removing exchanges completely. Aragon focused more on corporations, while Bancor is more communities. There is also a lot of room in the space right now for many projects to succeed even if they were "competitors". Aragon partnering with another project doesn't have a correlation here.

Official Wavecrest partnership announcement: https://medium.com/@MonolithStudio/wavecrest-partnership-announcement-733a8e6e5554

Enjoy!

Be on the lookout for a lot more detailed information about the upcoming token launch next week! The Bancor structure is a bit different than most token launches, but all information will be clearly presented.

A partnership with TokenCard has been announced:
https://blog.bancor.network/bancor-and-tokencard-announce-partnership-be5575e2ce6c


Bancor tokens are created on the ETH blockchain and interact directly with ERC20 tokens such as GNT, SNGLS, and TKN!

This is a very exciting partnership. With Bancor's ability to generate community currencies and "token baskets" there will be many users who are not extremely cryptosavvy on the protocol. Thanks to the very clean UI presented through Bancor (and partnerships with Status) users will be able to operate effectively on the crypto side of things. Effective gateways back into fiat is kind of difficult (for the time being) and partnering with TokenCard is a great way to make that happen.

Also here are some questions that haven't yet been answered on here that I wanted to quickly address (with more detailed responses coming soon):

"Will you be having a hard cap? That shows to me the team is confident with a set figure of funds."
Completely understand this perspective and in most cases, I would agree that a hard cap is a great model for funding these projects. With Bancor, it is important to realize that they have created (or at least executed) a unique model where the funds from the sale will partially be used to fund other projects on the Bancor protocol. This foundational support for other projects will be a large component of Bancor's value. The more that they are able to support, the better.

Will you be having escrow? And if so who will be doing escrow for you.
There has not been an escrow agent designated at this time.

The company is a nonprofit?
Bprotocol is the foundation in Switzerland. There may be a revenue model in the future that is essentially SaaS to deploy tokens on the protocol.



I would highly recommend testing out the UI on the website. It is a very cool experience!

Quite excited for this one 

Setting the bar like this for VC fund through a digital asset is a monumental task.

Hello

THIS IS A NOTE REGARDING THE SIGNATURE CAMPAIGN.

1. It is closed. Please do not apply anymore (we are grateful for all of the support though  ).

2. If you were confirmed, then you are on the list:
https://docs.google.com/spreadsheets/d/1NWGVmj-lgKmdRaG9bzlInJn07ZlLn2LrAvLDNpaLtyo/edit?usp=sharing.
I will be sending you a message today to get your SingularDTV lightwallet address, so we can send you your SNGLS.

If you are on the campaign, please respond to the PM I send. **Do not just post your address here**.

I will send you another note once your specific bounty has been distributed.

Thanks
JakeV

I deposited into the Darksilk BTC ICO account but it isn't showing up in my ICO dashboard. Can devs please assist?

For some reason the add currency FUNC option is not available when I try to add the FUNC to my account? How do I make this button show up?

Hi

I am looking for English speaking Chinese cryptocurrency enthusiasts who write articles and like to promote upcoming projects. Please DM me if this interests you, or if you know anyone who is interested.

Thank you!

The total amount for the token launch is the equivalent of $7.5M in ETH.

https://docs.google.com/spreadsheets/d/1NWGVmj-lgKmdRaG9bzlInJn07ZlLn2LrAvLDNpaLtyo/edit?usp=sharing

There is the list of current participants and their ranks. Let me know if you have any other questions.