Bancor
organization on 1 show · 8 statements across 1 episodes · said 16 times in 3 episodes since 2017
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8 statements about Bancor, every show
Herzog: B Protocol Foundation sold 50% of Bancor tokens and reserved 40%
“And the foundation actually sold 50% of the token. And with the other 50%, it kind of have, like, different buckets. For example, 20% is keeping for long-term budget. So, you know, in a few years, if it needs more money, it can sell those. 20% of that is for o…”
Herzog: Bancor has liquidated less than 10% of ICO proceeds
“Less, less, less than 10%. Less than 10%.”
Herzog: Bancor employs about 20 people across its foundation and structures
“We're like, we're about a, I think everyone involved in the project, so there's a foundation, it's about five people, and then, you know, with the people that are involved in the, in different structures, they're like, I would say it's 15 more.”
Herzog: Bancor holds over 100,000 Ether in buyback smart contract
“We also did something nice that that said that above, like, a specific amount we will not take any of the funds to ourselves, but we will put it in, like, a special smart contract that will offer to buy back the token at the original price. So it gave, like, n…”
Herzog: Bancor raised $153M in three hours during record-setting ICO
“And we raised in three hours, something that was at the time, a hundred fifty three million dollars, which was at the time the large, largest fundraising ever, but that record was quickly broke by following ICOs.”
Herzog: Bancor Uses Algorithmic Formulas Instead of Order Books
“And we provide like a different way that does not require traders bid and ask automatically finds the market rate according to some formula.”