Is it a good buy?
Can someone redpill me on Bancor (BNT)?
Elijah Hughes
Other urls found in this thread:
blog.bancor.network
blog.bancor.network
cointelegraph.com
github.com
twitter.com
twitter.com
Mason Peterson
it's okay
Eli Gomez
Now? No. At 18 cents, yes, but you missed it. Buy AAVE instead.
Owen Cooper
BNT went up a lot recently so I'm worried about getting dumped on. Why AAVE?
Landon Morris
Best token I've bought in a long time. Price has been driving up hard for 2 weeks.
Token is moving because Bancor have their V2 coming out which is supposed to end impermanent loss in automated market makers and enable single asset staking. This is a major blow to Uniswap. There's a good chance that when Bancor V2 releases that liquidity from Uniswap and other DEXs will shift over to Bancor's pools, which will have far less risk and much higher yield. This will also drive BNT price up.
Check out the blog and attached image for good explanations on Bancor V2: blog.bancor.network
There's also BNT staking rewards coming after the V2 release: blog.bancor.network
Jace Parker
Bancor raised $150M in their ICO, this thing will pump for a while because of their warchest alone.
Cooper Nelson
AAVE is also good, but BNT has way more room for growth. Token's ATH was $10. As of today it's around $0.65.
Josiah Clark
It is the best buy I’ve had in a long time. Thanks biz for the insights on this one.
OP - this says all you really need to know:
“The most undervalued project among its peers is Bancor, with a ratio of 56. This value is in line with some technology stocks, where PE ratios are generally higher than for established industrial companies.”
cointelegraph.com
Samuel Lopez
Bought a slight dip a few days ago. So happy I did! Performing very well.
Angel Kelly
Chad. Proud of your Banclet bro!
Owen Sullivan
Just the beginning. BNT will hit $1 soon.
Christopher Parker
I'm banking on it going much higher than that fren.
BNT's tokenomics have been updated to be almost exactly like what made SNX skyrocket.
$5 or more is definitely possible based on token model and staking rewards system alone. The V2 liquidity pool update will compound the price pressure, as BNT captures value when people stake in Bancor's pools.
Ryder Murphy
The Chainlink partnership is also a major plus for me. Bullish.
Levi Thompson
Don't forget the Enjin coin partnership.
ENJ is also another great buy.
Alexander Barnes
ENJ is a great project. I hope there will be a big ENJ liquidity pool on Bancor V2. This would let ENJ holders stake tokens and collect fees from ENJ trades on Bancor with minimal risk.
Hudson Evans
Thanks anons. I'll buy a bag of it. I'll probably get dumped on but V2 looks bullish as fuck
Anthony Ortiz
$134m raised on ICO
over 100 employees
only project to solve impermanent losses
only $43 million market cap + all tokens unlocked already
probably the easiest 10x currently
not to mention
coinbase soon
V2
tokenomics designed to pump
Blake James
few months old pic describing why it's going to pump hard very soon
Jaxson Howard
You’re one of us now alpha BNT bro. Congrats. You’re gonna make it.
Matthew Fisher
>falling for Bancor twice in four years
Maxi/biz/
Ethan Sanders
I'm in love.
Jaxon Parker
I'd cor her ban, if you know what I mean
Samuel White
i wish i could come cross these knowledge bombs earlier
Jordan Turner
No one cares oldfag. BNT bags are pumping daily. Chad AF
Dominic Green
Still early. Pleb FOMO won’t start until $1 or after Bancor V2 is out.
Alexander Myers
LEND or BNT ... hmmm
Dylan Walker
what's with the shitty memes though?
reeks of curry in here even though I own BNT
Henry Flores
Both?
There's some collab between these two and Bancor V2 is meant to have lending protocol integration.
aavex.decentrify.io
William Carter
bancor jew'd a bunch of money off of biz back in 2017
now they're trying to do it again
Caleb Kelly
But BNT up 200x in a 2 weeks.
¯\_(ツ)_/¯
Dominic Kelly
What the kek? Just re-loaded HEVY on the last dip
Fundamentals are litt
Low supply, users lock up BNT to provide liquidity to any token in exchange for trading fees
As price of BNT goes up, bancor pools suck up more volume & generate more trading fees
What happens when BancorV2 solves impermanent loss, slaps on liquidity amplification & BNT staking rewards? Every token community will stake in a bancor pool instead of just holding tokens in their wallet.
Call in the nigerian caskets.
Game over. Top 20 cmc by EOY