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Recent Bancor team message in Telegram
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Below are all recent comments made by the Bancor founders on the official Telegram Channel


Benefits of token changer

Guy: "Remove dependency on exchanges by enabling on-chain settlement with no counterparty using an automated market maker. Your token changer can also charge a fee for conversions, which would incentivize 3rd parties to become liquidity providers to your token changer. This means anyone can buy your token changer and become essentially a pro-rata owner of this 'exchange' pairing. Your token will also become connected to the Bancor network, creating the shortest amount of hops to other tokens (limited to Ethereum blockchain today, and cross blockchain in the future)."


More about Bancor

Guy: "A full smart token has all the advantages listed above, with additional ones as well. This includes benefiting from the network effect of the BNT liquidity network, integrated protocol capabilities (coming soon) such as deligated account recovery, onchain vault and other intrinsic functionality of a Bancor smart token. Bancor's APIs will enable you to easily access this smart contract functionality from your own UX or use ours. Additionally, the ability of the smart contract to create and destroy tokens decreases volatility, limiting some of swings experienced from speculation and potentially provide regulatory benefits in certain use cases. The reserve ratio provides you with the ability to control (and in the future adjust if you wish) the liquidity available to token holders."


Stox Purchasing Bancor

Guy: "My understanding is it is imminent, but we have no control over the matter. Best to ask the Stox team."


Marketing/Communication

Guy: "@Hertzog is about to do a panel on ICOs at Techcrunch, followed by an interview with CNBC. I will ask him when he's done if he can get more info."


Strategy towards combating FUD

Guy: "Less worried about the racist memes. Where we will devote energy to countering FUD is with individuals or groups that are reputable cryptocurrency thought leaders (writers, analysts, video bloggers, fellow blockchain projects/companies). Regardless, this stuff will fade away in the coming months as the messaging (website, explanatory materials, etc) becomes easier to understand and the traction from the product speaks for itself."

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7 years ago