So Banco network (https://bancor.network/) decided to do a 1 hour uncapped iCO, which upset lot of ppl for which their response was:
The most critical thing for us is to make sure that those who took the time to research and understand Bancor prior to the fundraiser will be able to participate. This is the reason behind the 1h minimum time.
This is not a fundraiser for quick-flip investors wanting to get in and make a quick profit. That is not the goal of the protocol, the foundation, the team, the product or the project.
A large fundraiser will mean a large reserve (more liquidity, less volatility) and more resources to make Bancor a success, which we have detailed plans to implement. More bounties, more community grants, more explanatory events, etc. We believe this is in the best interest of the contributors and the project, and we are the right team to execute this vision. For those looking to hold their tokens, which are the kind of contributors we are optimising for, this seems to us the best configuration and we are doing careful planning for the spectrum of outcomes.
Re Bitcoin suisse, we created this option for those who wanted additional assistance or additional currencies with which to fund. As the terms structure was being delayed, we heard from many that they wanted to contribute no matter what, and were eager for an option to come online. There is no advantage to Bancor of having these funds come in early as they are held in escrow. There are no discounts or other contingencies. There was a preset amount allocated to this option which may or may not be filled, and has no material impact on the fundraiser nor it's cap. It's unfortunate to hear that some are frustrated with this option, as we truly set it up to be a helpful mechanism for those who wanted it, and to calm concerns about not getting in before we were able to share our minimum hour mechanism. This was also intended for those who knew they couldn't be available later in the month regardless of a cap or no cap. That all said, If anyone feels slighted by the unfolding of events and would like to withdraw their ETH from bitcoin suisse, we have decided to cover the fee penalties ourselves.
Re Protocol in this group, we welcome all opinions. However, we insist on healthy and respectful dialogue, and will not tolerate unproductive behaviour. Bancor is clearly not a scam. We can agree to disagree on points, and we can be convinced of points we've overlooked, but we'd like to keep the discussion here constructive and not further feed the frenzy engine that has plagued so many projects before us, and prevents both us and you from getting value from this forum. We will be banning users who do not adhere to this protocol, and again we welcome respectful dialogue on all points.
is Bancor still worth investing ? at this point i would wait until last 5 - 10 mins and see how much they raise...