Bancor ICO [BNT] Breaks Record ==>> One Day Jump $4 to $253 <<=== What is Going On??

in ico •  8 years ago 

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Bancor ICO [BNT] Breaks Record ==>> One Day Jump $4 to $253


The Bancor ICO went live a few days ago and broke the record for the most amount of money invested in an ICO. The ICO was initially set to only be live for 1 hour, but due to a DDOS attack and other technicalities, the ICO ran for 3 hours, after which it is estimated that 147,000 Million Dollars were raised.

This led me to wonder what was the cost of each Bancor Token [BNT] during the ICO. It turns out that you had to buy the BNT Token with Ethereum. 1 Ether, which at the time was close to $400 each, would get you 100 BNT's. At this rate, that makes each BNT worth about $4 Dollars.

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Then I decide to do a little more homework on what the Bancor Token actually does and what it brings to the table. While learning more about the BNT Token, I ran into a trading site where users can buy the not yet available BNT Token somehow. I am not sure if they are trading based on Smart Contract or some other form promising the delivery of these tokens. So far the only exchange where I can see trades of BNT is hitbtc.com where it shows it is trading at 0.03753 BTC. With the current price of Bitcon at $2535, that put the price on BNT at around $95, with the peak having been somewhere around $235 Dollars. That is just plain OUT OF THIS WORLD!

Am I reading this Wrong??
Did anyone get in on BNT? Any other ICO's coming soon besides EOS??


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it is joke as usual.
lol

This post received a 12% upvote from @randowhale thanks to @streetstyle! For more information, click here!

Hi! myfriend @streetstyle
I was fortunate enough to join Buncer's ICO.
The ICO price at HitBTC you care about can not be helpful.
I am doing air trading before the actual token comes out to the market.
Perhaps there is a possibility that real BNT will soar so, but it probably will not be.
If it is this price when a real BNT token is circulated in other markets, it brings great wealth to me.

I'm looking at Virtue Poker for my next ICO. Not sure yet but it looks promising. I like ICOs with something backing it like Poker or something like Bancor. Remember tho only risk what you can afford to lose. :-)

Damn! I guess there was a reason why it attracted $152 million from investors as fast as it did

crazy right? @scrilla Are you going to get in on any other ICO?

After seeing the price of BAT dropping after it went on Bittrex I didn't think I would, but with the hype surrounding EOS I might have to get in early

Yeah, I am thinking about it too, we'll see @scrilla

Good1!

keep it or sell it?

Good points in this blog. Same thoughts here. I've been asking myself. How many people really do a proper background check before seriously investing in an ICO? Besides coinmarketcap.com there is: https://www.coincheckup.com Since I use this site I make so much less basic investment mistakes. For example: https://www.coincheckup.com/coins/Bancor#analysis To check Bancor Detailed analysis