Several weeks ago, Bancor ICO collected a staggering 20 ETH per token before their ICO closed. The market witnessed a dump of BNT of staggering proportions driven by FUD over the fact that their launch repo only had 61 lines of code. What did investors who dumped miss?
They missed the fact that those 61 lines of code were a glimpse into a Solidity contract for a repository called Hypothesis by lead Ethereum Solidity developer Nick Johnson aka Arachnid and his team of collaborators. We see a glimpse of this contract in that 61 lines of code, but the core team and the money behind Bancor are holding their cards close to their vests.
You cannot find any Slack or Gitter channel to ask questions while action on the bancorprotocol Github repository shows a flurry of activity. The claims of Bancor during their ICO were that they were creating a "smart token" and from the pull requests, it appears they are nearing their goal. Look at this link to the latest pull request:
https://github.com/bancorprotocol/contracts/pull/99
It is for a Python emulation for the Solidity contract written by Arachnid's team. I am not sure what Bancor has in store for the cryptoverse, but by how closely they are holding their cards, it must be something very big.
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Haha we will see what kind a big thing it will be
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