Hey everyone! I want to take this chance to first remind all of you that THIS IS NOT THE END, i've seen and heard some people panicking selling and telling everywhere that the bubble exploded and sh*t.
I've said before and i will say it again, the blockchain technology is not just some trend that the civilization is going to ditch in just a matter of months and forget just to shift to the next bubble. This is not the case, the blockchain came to give people freedom back, first freedom about its money with BITCOIN and later freedom in everything else, with the development of ETHEREUM or amazing blockchains like the STEEMIT one that gives the people back its freedom of speech and reward them to do it in an environment of free market and uncersonship, but we'll have the time to talk about Steemit in other time.
After this important reminder, i want to INTRODUCE #SUNDAYCOINDAY, it is something i've been thinking for a while because i've seemed to find some passion about the crypto market, some of this projects will change the world in the future, so far we have more than 800 cryptocurrencies, all of them with a problem to solve, whether they can do it or not, its a story to tell, so we have material to make a great series of knowledge about this market and the COINS that compound it.
IT IS IMPORTANT TO SAY THAT THIS IS NOT FINANCIAL ADVICE, I WILL JUST SHARE THE INFORMATION I SEE RELEVANT ABOUT EVERYONE OF THOSE PROJECTS AND MY PERSONAL OPINION ABOUT CERTAIN TOPICS OF THEM.
TODAY: BANCOR NETWORK TOKEN (BNT)
OVERVIEW
Basically, the BANCOR PROTOCOL creates a "SMART TOKEN" that holds one or more other token in reserve letting the holder of that "smart token" the opportunity to liquidate the smart token anytime for any other token in reserve; it is called to provide "Continuous liquidity and asynchronous price discovery for tokens".PROBLEMS THEY'RE TRYING TO SOLVE
-Liquidity: You'll be able to purchase or liquidate your smart contracts anytime.
-Spread: NO SPREAD, the price is calculated so buys and sell use the same price. (Great huh?)
-Counterparty: No need an exchange to trade between tokens
-Volatility: Reserves gives the depth of the market necessary to avoid it.
- THE TOKEN
The Bancor Network Token (BNT) enables a monetary structure that drives the price of the token according to the demand of any network's smart contract, so an increase in one of them could benefit'em all (or vice versa).
-Market Cap: $66,500,552
-Circulating supply: 40,772,871
-Total supply: 79, 384, 422
You can get BNT through the BNT Smart Token Contract or through BITTREX, HitBTC or Liqui.
FINAL THOUGHTS
I really think that this is an ambitious and smart project, they really need to always have a high amount of reserves in order to assure the liquidity they claim, so they gotta be smart in how they manage the resources they got in the ICO to assure the development of the product they sold in the first place, it's not going to be easy but the fundamentals are straight, i would definitively take the chance of this market selloff to buy some BNT tokens, that i think they're cheap, not oversold because there was a time when BNT was highly overbought, so maybe some BNT tokens in the wallets doesn't seem bad.
They currently have an Alpha on TestNet.
Further information in the white paper: https://www.bancor.network/static/Bancor_Protocol_Whitepaper_en.pdf
IF YOU LIKE THIS POST AND THE IDEA TO CONTINUE THIS SERIES, PLEASE UPVOTE AND RESTEEM, THE FEELING OF MORE PEOPLE READING IT ENCOURAGES ME TO GO DEEPER ON THE RESEARCH AND KEEP GIVING GOOD INFORMATION ABOUT THIS AMAZING MARKET
KEEP CONNECTED AND STEEM ON