This has been shilled by low IQ pajeets on biz with shitty 'memes' and empty "to da moon fellow caucasians" schtick, but here's the red pill: after having failed their initial v1 launch and dumping more than 90% from ATH, they're finally launching V2 update in July, which brings the following features:
1) new version of Automated Market Making (AMM) that eliminates the risk from impermanent loss (HUGE problem with all AMMs that has previously stopped market participants from providing liquidity into the pools) 2) EVERYONE can provide liquidity to Bancor pools with just their token of choice, which hasn't been possible before. That means you can earn trading fees from staking LINK or RSR, while not having to have exposure to any other tokens in the liquidity pool. That means all the digital assets that don't have staking will move to Bancor to earn trading fees 3) amplified bonding curve that reduces price slippage now also available for volatile assets (example: AMM with $100k in its reserves has 10% slippage on a $10k trade; but if you introduce 20X amplification, the slippage on the same trade will be reduced to 1%). That means buying/selling will have less slippage than on centralized exchanges. All trading will be done in Bancor 4) as a liquidity protocol they provide liquidity to lending protocols and this means that all decentralized exchanges will outsource liquidity from Bancor, which means Bancor liquidity pools become even larger and more profitable; this creates additional demand for BNT (liquidity loop)
Important! The game theory behind the liquidity black hole:
twitter.com/Rewkang/status/1272631205263900672
other factors: 1) market cap is $70 million and fully diluted 2) they raised $153 million in ICO, so they have a large amount of funds to operate with 3) over 100 employees working on the project 4) all seed and private buyers from 2017 are rekt and you can buy in cheaper 5) the market doesn't understand V2 and its value in the DEFI ecosystem yet
This is a good project. You don't even need to shill BNT. It will take care of itself. Why waste time with this post? Serious question.
Charles Cox
this
Jack Scott
Based
Jordan Mitchell
token not needed
Parker Thompson
I just need it to go under $1 again, I'll never swing again I promise.
Cooper Davis
if you know something potentially valuable, it's not a bad idea to share it with fellow NEETS Everyone deserves a chance to make it that's unironically wrong in this case. BNT has a really important role in liquidity pools
you are creating more potential sellers during the pump that will compete with you.
Carter Powell
Yeah if only nobody ever talked about good projects, it would so much better here. Fucking idiot.
Aiden Gomez
This is a copy pasta. But agreed that BNT is a strong defi hold. $10 this year is definitely within reach if BTC doesn’t act up.
Justin Gray
I pooled bnt with knc on xnation. What can i expect op?
Caleb Ross
I don't think NEETS on biz will buy $1 million + worth of BNT at a time to market sell later. Having a large nr of holders will small stacks is definitely a better set-up to avoid negative impact from someone deciding to dump at the top. I would be much more worried about the insiders who bought large amounts under $0.5/BNT.
Carson Bennett
Bancor community call (technical details of V2) is happening in a few hours if anyone is interested. AMA with ChainLink is happening tomorrow as well.
Wrong. Then why are Balancer, Curve and Uniswap all making tokens? Token definitely needed to capture value and pool additional liquidity. BNT has a big head start on competitors with this and the V2 will crush other DEXs if it works.
Easton Scott
personally I am waiting for the V2 update to pool anything
yes, it's a copy pasta that I created
Henry Lewis
you fundamentally misunderstand the nature of the game and the use of free market bargaining in pinpointing value.
Someone who wants to sell needs to shill as well as possible, thus demonstrating the genuine positive qualities of the asset. Those who want to buy need to be critical and will FUD the asset as much as possible before buying.
Because of this a balance is reached where ideally, both the seller and buyer are reluctant to complete the transaction, ie the point where the asset is valued at the correct price.
If everyone understood this biz would unironically be a better place because people would stop being mad at posturing and pointing out muh FUD and muh shill, and rather just focus on discussing the assets.
Colton Reyes
>If everyone understood this biz would unironically be a better place because people would stop being mad at posturing and pointing out muh FUD and muh shill, and rather just focus on discussing the assets.
Agreed. If you hold a shitcoin and can't refute 'fud' in a way that makes sense, you shouldn't be holding the shitcoin in the first place. Shilling/fudding should be a 'marketplace' for arguments where the better arguments come out on top.
Ryder Johnson
Most high iq trips I have seen on this board, perfectly capturing the fundamental nature and essence of Zig Forums.
>muh wolf of wall street bloviating fuck off this is Zig Forums, a tiny pack of retards. We can literally all make it and it won't mean shit. LINK is a perfect example. I'll shill projects I like and ignore projects I don't like. The market is big enough that it's not zero sum within the confines of this board.
Justin Cox
Pretty based desu When is fucking Community call and did they pulled it or not ffs?
Connor Gomez
not buying this crap. it got hacked 4 times. last time it got hacked was last week. lmao
Jose Smith
but for now, no matter how good the community call news are, we sell 'em
Anyone see that naked guy turn on his camera in the zoom meeting?
Luke Williams
Bancor is an awesome project and a good long term hold
>3) over 100 employees working on the project Nah I've been to their offices they probably have around 30 employees tops
Brody Scott
Just in case anybody missed it. V2 will be released 3rd week in July.
Jack Taylor
>Nah I've been to their offices they probably have around 30 employees tops
then I've been scammed a trusted source told the 100 figure, not sure myself
Henry Thomas
Anything interesting mentioned aside from the release date?
Daniel Rodriguez
some morons who don't speak english were trying to ask questions that nobody understood in the AMA section
what a waste of time for everyone involved
Levi Taylor
So do we finally know how the fuck they doing it besides "1 token pool" and "muh chainlink" or its nothing burger and still "dude thrust me" ???
Brayden Cook
got 26k at .87 sell target - $45
Brandon Diaz
i did 2 minutes of research on V2.
Its a DEX, but it uses Chainlink oracles to somehow keep the price better in line with exchange prices. The whole problem with DEXs is that the price is set by an algorithm which can get out of whack with the market, so arbitrageurs can make money by trading between the DEX and exchanges (if the asset is listed on exchanges that is)
I have no idea how technically they claim to do this, but adding a pricing feed from an oracle will just somewhat diminish the arbitrage possibilities, and maybe diminish the slippage.
That's it
That's all it can do.
This v2 is a shameless pump to associate Bancor with Chainlink and capture some of the eyeballs and foolish money invested in it.
