Thats why other coins staking Tau doesn't have an positive effect on the coin....

Totally forgot that this coin has an unlimited supply

.....think this could rekt the price totally???

Ali
Ohh ok I checked the coin monitor again ....now I've found the problem.....the circulating supply rises
BNT is a smart token, as conversions are made, BNT is sent from/to the contract and destroyed/issued! You can learn more about smart tokens here: https://support.bancor.network/hc/en-us/articles/360000472072-How-does-a-Smart-Token-work-And this relevant piece: Buyers can use any of the connected tokens to purchase a Smart Token by sending them to the Smart Token’s contract, which then adds them to its connector balance and in return issues new Smart Tokens, which are automatically sent back to the buyer. In this case, both the connector balance of the Smart Token has increased, as has the Smart Token’s supply, since new units were issued. Similarly, a seller may send back a Smart Token to its contract, which will then remove these Smart Tokens from circulation and withdraw a corresponding amount of connected tokens from the connector balance, which will be automatically sent to the seller. In this case, both the connector balance and the Smart Token’s supply have decreased.
Ali
Ohh ok I checked the coin monitor again ....now I've found the problem.....the circulating supply rises

BNT is indeed a Liquid Token with dynamic supply; it could also be changed to a fixed supply token were BNT to be upgraded to a Relay Token.

hi, i exchanged one of the EOS tokens for relay roken BNT *, its value fluctuates, once I have more than I had and once less. Is it the case that the longer I keep the Relay Token the better or can it be that after a month I will pull less than I put.

I wonder if it is worth exchanging more tokens for relay token and whether the risk of a decrease in value does not change over time.

fractalnode
I wonder if it is worth exchanging more tokens for relay token and whether the risk of a decrease in value does not change over time.

"Relays generate fees with each conversion they process, and Relay Tokens can be sold at any time to withdraw a proportional share of the Relay’s liquidity."To expand on that:"Relays are designed to perform token conversions that also accrue value for liquidity providers. Each time a Relay processes a conversion, a small liquidity provider fee is taken out of each trade and deposited into the Relay's reserves. These fees function as an incentive for liquidity providers who can withdraw their proportional share of the reserves including the accumulated fees at any time."

fractalnode
hi, i exchanged one of the EOS tokens for relay roken BNT *, its value fluctuates, once I have more than I had and once less. Is it the case that the longer I keep the Relay Token the better or can it be that after a month I will pull less than I put.
Yes divergence in the prices of the pool’s underlying tokens can cause impermanent loss greater than generated conversion fees, so that the value of the Relay Tokens is less when you sell them (i.e., withdraw the liquidity). There are tools being built that will allow for greater optimization and tracking of pool liquidity, and ways to reduce exposure to market volatility for liquidity providers. One of those mechanisms - BUSD, a stable version of BNT - is already in the works and could reduce risk of loss: https://twitter.com/natehindman/status/1169715702573518850?s=21

Only thing that can save bancor is interest staking for providing liquidity. Guy said a while ago that he was working on the legal troubles for this, but yikes

So if I have eth, I can put it in bancor for interest?

Providing liquidity to make money?

Gigolo JC Denton
Providing liquidity to make money?
You earn fees:https://twitter.com/Bancor/status/1164832197343248385
You can read all abou it here: https://blog.bancor.network/staking-liquidity-on-bancor-protocol-c119962e9518
Bob Sponge
Robert would you or anyone you know want to create their own crypto token if it was as simple as clicking a few buttons on a screen?

I still think you overestimate the people’s need for a specialized token. Even worse that you blame the average person‘s ability.

Watch this great video from @ImaginingTech to learn about how to create stable assets out of any erc 20 token with the Peg Network!https://www.youtube.com/watch?v=ubzN10d1mjg&feature=youtu.behttps://twitter.com/techimagining/status/1169790217609461760?s=21

Didnt watched 2 mohnts

Ficlle
Bancor dead?
Hey Ficile! Maybe you haven't been around but there is a lot of big things going on with Bancor! It only gets better!! Have you seen the latest? Peg Network has released BUSD, a stable version of BNT that could be used in Bancor liquidity pools.Learn more: https://twitter.com/Bancor/status/1169628689816068096

Price all time low lol

But if people are staking, they sell less right?

So why is the price so low now

Bancor is just getting warmed up

Has nothing to do with bancor it self then right?

Oh thats nice to hear

So time to buy more then i gues with these prices

I didnt see any bad news

But thats just because Jonny deletes everything 🤭

@Ficlle Here is the news about Bancor staking: https://t.me/BancorNews/357and recently Bancor's Ethereum smart contract documentation was published enabling more devs to build on the Bancor protocol https://t.me/BancorNews/364
Bancor is also partnered with Consensys and Gitcoin on the ongoing Ethereal Blocks Virtual Hackathon which is LIVE till September 11th! https://t.me/BancorNews/370
Ficlle
So why is the price so low now

They flood the market with fresh bancor..like the dollar :)...look at the circulating supply ....it grew......

Ficlle
Price all time low lol

And we will reach places where no humankind was before....new all time lows :)... I think to sell it and rebuy it when it dropped another 90 percent would't be that wrong

Ali
They flood the market with fresh bancor..like the dollar :)...look at the circulating supply ....it grew......
Just to be clear, BNT's dynamic supply doesn't mean that BNT can just be printed like the dollar. BNT is a smart token, this means that the token is issued when its connected token (in this case ETH) is sent into the smart contract. So, both the connector balance of the Smart Token has increased, as has the Smart Token’s supply. You should read https://support.bancor.network/hc/en-us/articles/360000472072-How-does-a-Smart-Token-work- for an in-depth explanation.