What is Bancor?
Bancor will make it easy for anybody to do their own ICO or create a basket of coins to invest in. This platform could easily be where most of the new ICO’s are done by making it so easy to launch one. Which means the token will be in very high demand in the future.
Do the team checkout?
As with any investment it is important to do research on the team and determine if they are capable of delivering their vision. With Bancor they have assembled the talent to deliver, see: https://bancor.network/about the team has impressive resumes.
How am I going to play the ICO?
The major point of the ICO that I really don’t like is it will be issuing an unlimited number of tokens for 1 hour. I believe there will be large amounts of money coming in expecting to dump the tokens on exchanges shortly after the ICO. This could drive the token below ICO for a short time.
The second thing I don’t like is this same 1 hour provision could lead to a very large market cap before there is even a product. The problem with this is that it will make it less likely you are going to make 10x or greater returns on this ICO because the platform will spend a significant amount of time growing into its large market cap.
For the reasons stated above I am going to invest 50% of my Bancor allocation into the ICO and 50% after it hits exchanges.
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great article man! i think the market cap wil be huge on this one after the ICO. A lot of people are getting into BANCOR
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Yeah I am hoping it's not much over 100 million, but i fear it will be 300 million +. In which case it will take awhile to make 5-10x people are used to.
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Nice post. I fully understand what you're talking about. We really need more insights in the (ICO) market and previous investment results (even though they don't deliver any guarantee for the future). An interesting website I found: https://www.coincheckup.com They seem to give this complete indepth analysis of all cryptocoins. Sorted by team, product, company, advisors, previous investors, etc. Go to: https://www.coincheckup.com/coins/Bancor#analysis For the Bancor Investment research.
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