Using the Bancor Protocol, It’s Easy Peasy by g-dubs

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bitcoin · @g-dubs · Feb 10 '18

$59.73

Using the Bancor Protocol, It’s Easy Peasy

The [Bancor]( https://www.bancor.network/) network is a decentralized liquidity network. It allows you to hold any Ethereum token and covert it to any other token in the network. If you’re unfamiliar with the project check out my previous [article](https://steemit.com/bitcoin/@g-dubs/checking-out-the-bancor-protocol-bnt).

Today we’ll check out actually using the protocol.

<center> https://s13.postimg.org/wctmg5gp3/BNT.png </center> 

First, go to [Bancor Protocol]( https://www.bancor.network) and sign up.

You’ll have to create a password and save a seed phrase. Make sure to store both in a safe place.

When you sign in you’ll be given an option of signing in through Messenger, Telegram, or WeChat. I use Telegram. Just follow the links, it’s easy.

To fund your wallet first click on the person icon at the top right of the screen (see the picture below). Then click on My Wallet and then the Receive button.

Once you have tokens in your wallet you can easily convert. 

Take a look a the screen shot below, all you do is click on the Buy button of whatever crypto you want. Then when the buy box pops up you exchange it for the crypto you want to get rid of.

Tip… save your transaction IDs just in case something goes wrong.

<center> https://s14.postimg.org/g7c2ir6xt/BNT675.png </center>

I sent tokens and exchanged. Very quick. Easy peasy.

Keep in mind though the wallet is in beta, so don’t go crazy. But I like what I see from Bancor so far.

_____________________________________________________
<center>For more on cryptos follow me @g-dubs and on [SteemFollower](https://steemfollower.com/?r=1283) </center>
<center>Use my referral link to buy Bitcoin, Ethereum, and Litecoin at [Coinbase](https://www.coinbase.com/join/53b4b168d660043955000006)
and trade cryptos on [Binance](https://www.binance.com/register.html?ref=10079388) </center>

👍 upme, postpromoter, buildawhale, appreciator, ripperone, kingscrown, upmyvote, jerrybanfield, pushup, sneaky-ninja, aksdwi, g-dubs, carterx7, ausbitbank, troopaloop, lukebrn, centerlink, steempty, fminerten, igl00, cryptotem, pandorasbox, travelersmemoire, daviddivergent, stackin, teamaustralia, buggedout, innerstellar, urs, webcoop, emilhoch, moregwei, soufiani, farukcom, bmj, melpost, cryptwo, hvonsteemit, reiks14, thewinter, resteemhorizon, psirek, freeforall, vhmcrypto, konie.steemit, raoyan18, ceikdo, emon10, aahsann, realsteemian, atthai, reactivator, spammy, abdurrazzak, mikepedro, alexorlov79, rizkiyunanda06, wstanley224, gustdam, coin.info, darniyuscivil, dirtdog

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@abdurrazzak · Feb 10 '18

$0.12

hey updator... thanks lot for your great post.
upvote

👍 g-dubs

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@g-dubs · Feb 10 '18

Thanks!

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@aksdwi · Feb 10 '18

<p>This post has received a 2.73 % upvote from @aksdwi thanks to: @g-dubs.</p>

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@appreciator · Feb 10 '18

<p>This post has received gratitude of 1.43 % from @appreciator thanks to: @g-dubs.</p>

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@buggedout · Feb 11 '18

$0.12

One of my main concerns about Bancor was that it was supposed to have a reserve of Ethereum and last time I checked it had been depleted.

It looked a bit too much like a form of fractional reserve banking for me to be totally comfortable with it.

👍 g-dubs

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@buildawhale · Feb 11 '18

re-g-dubs-using-the-bancor-protocol-it-s-easy-peasy-20180211t003309955z

You got a 1.21% upvote from @buildawhale courtesy of @g-dubs!
If you believe this post is spam or abuse, please report it to our [Discord](https://discord.gg/yv2TMPu) #abuse channel.

If you want to support our [Curation Digest](https://steemit.com/curation/@buildawhale/buildawhale-curation-digest-02-06-18) or our Spam & Abuse prevention efforts, please vote [@themarkymark](https://v2.steemconnect.com/sign/account-witness-vote?witness=themarkymark&approve=1) as witness.

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@coin.info · Feb 10 '18

$0.12

**Coins mentioned in post:**

Coin | | Price (USD) | 📉 24h | 📉 7d
- | - | - | - | -
**BNT** | Bancor | 5.158$ | _-2.24%_ | _-14.75%_
**BTC** | Bitcoin | 8614.720$ | _-0.56%_ | _-6.05%_
**ETH** | Ethereum | 860.908$ | _-1.48%_ | _-10.36%_
**LTC** | Litecoin | 156.028$ | _-2.84%_ | _-1.49%_

👍 g-dubs

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@coinverse · Feb 11 '18

Thanks for sharing, 
I will try Bancor soon.

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@cuthamza · Feb 11 '18

the more cool it continues

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@emon10 · Feb 11 '18

$0.12

Thank you g-dubs for making a transfer to me for an upvote of 1.49% on this post!

👍 g-dubs, emon10

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@hero7 · Feb 10 '18 (edited)

$0.13

I need something like that
Good job

👍 g-dubs, hero7

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@innerstellar · Feb 11 '18

$0.12

Thank you so much for this! My biggest investment is in Ethereum. I shall go explore.  🙏😍

👍 g-dubs

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@g-dubs · Feb 11 '18

$0.02

ETH is a good one ;-)

👍 innerstellar

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@innerstellar · Feb 11 '18

My favorite. I clicked with the vibrational frequency of it straight away. It is what got me interested in Crypto. 😊

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@jerrybanfield · Feb 10 '18

re-g-dubs-using-the-bancor-protocol-it-s-easy-peasy-20180210t231055980z

Thank you g-dubs for making a transfer to me for an upvote of 1.49% on this post! 

Half of your bid goes to @budgets which [funds growth projects for Steem](https://steemit.com/budget/@jerrybanfield/introducing-steem-budget-proposals) like [our top 25 posts on Steem](https://steemit.com/budget/@jerrybanfield/the-top-25-steem-posts)!

The other half [helps holders of Steem power earn about 60% APR](https://steemit.com/budget/@jerrybanfield/new-automatic-daily-payouts-of-60-apr-for-steem-power-delegations) on a delegation to me!

For help, will you please visit [https://jerrybanfield.com/contact/](https://jerrybanfield.com/contact/) because I check my discord server daily?  

To learn more about Steem, will you please use [http://steem.guide/](http://steem.guide) because this URL forwards to my most recently updated complete Steem tutorial?

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@kenhudoy · Feb 11 '18

excellent project. will look into Bancor project more. thanks for sharing

properties (22)

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@konie.steemit · Feb 11 '18

Ini salah satu ilmu yang sangat berguna bagi generasi sekarang... 
Terimakasih atas pencerahannya

properties (22)

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@lukebrn · Feb 10 '18

$0.57

Bancor have been doing some great things lately, and I noticed that they are announcing a lot of partnerships! 

It's really interesting as I noticed them a while go, didn't think much of them to be honest, and now they are doing a lot of work. I'm happy to see this, and I think that they will do really well in the coming months.

👍 troopaloop, g-dubs

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troopaloop	0 B		60,974,580,833	100%

@g-dubs · Feb 11 '18

$0.49

It's a good play on the whole Ethereum ecosystem.

👍 troopaloop, lukebrn

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@melpost · Feb 10 '18

$0.12

Great! I'll give it whirl. Thanks @g-dubs :)

👍 g-dubs

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g-dubs	0 B		17,255,522,975	11%

@g-dubs · Feb 11 '18

Thanks!

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@nodald-pump · Feb 10 '18

$0.12

i think you sharing a fantastic post about bitcoin... thanks for new updates...

👍 g-dubs

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@g-dubs · Feb 10 '18

You're welcome!

properties (22)

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@nzfxtrader · Feb 11 '18

$0.25

Bancor protocol works with any ERC20 token. The liquidity comes from a Smart Token Relay which holds DAI and BNT, enabling conversion between them using the #Bancor formula which assures liquidity at a market-driven conversion rate.

👍 nzfxtrader, g-dubs

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@g-dubs · Feb 11 '18

Thanks for the info!
... a DAI use case, interesting.

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@postpromoter · Feb 10 '18

re-g-dubs-using-the-bancor-protocol-it-s-easy-peasy-20180210t235806032z

You got a 1.33% upvote from @postpromoter courtesy of @g-dubs!

Want to promote your posts too? Check out the [Steem Bot Tracker website](https://steembottracker.com) for more info. If you would like to support the development of @postpromoter and the bot tracker please [vote for @yabapmatt for witness!](https://v2.steemconnect.com/sign/account-witness-vote?witness=yabapmatt&approve=1)

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@pushup · Feb 10 '18

re-g-dubs-using-the-bancor-protocol-it-s-easy-peasy-20180210t230704339z

1.61% @pushup from @g-dubs

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@resteemhorizon · Feb 11 '18

Very informative post, If that platform is trusted, this is great opportunity for everyone.
Cheers!

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@sneaky-ninja · Feb 11 '18

re-g-dubs-using-the-bancor-protocol-it-s-easy-peasy-20180211t000854087z

Sneaky Ninja Attack! You have been defended with a 1.33% vote... I was summoned by @g-dubs! I have done their bidding and now I will vanish...Whoosh

properties (22)

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@soufiani · Feb 10 '18

Sounds really great, good to know this it will definitely helps

👍 soufiani

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@travelersmemoire · Feb 11 '18

$0.16

I might be way off but isn’t this an online wallet hosted on Bancor’s server?  Assuming you trust them this is fine but if they aren’t using proper security(like any exchange) you could still be hacked.  So an offline hard wallet still is king, correct?

👍 g-dubs, travelersmemoire

`author`	travelersmemoire
`permlink`	re-g-dubs-using-the-bancor-protocol-it-s-easy-peasy-20180211t002607448z
`category`	bitcoin
`json_metadata`	{"tags":["bitcoin"],"app":"steemit/0.1"}
`created`	2018-02-11 00:26:06
`last_update`	2018-02-11 00:26:06
`depth`	1
`children`	2
`last_payout`	2018-02-18 00:26:06
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.128 HBD
`curator_payout_value`	0.034 HBD
`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	253
`author_reputation`	5,115,418,978,753
`root_title`	"Using the Bancor Protocol, It’s Easy Peasy"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
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`net_rshares`	22,383,488,418
`author_curate_reward`	""

properties (23)vote details (2)

voter	weight	wgt%	rshares	pct	time
g-dubs	0 B		17,255,522,975	11%
travelersmemoire	0 B		5,127,965,443	100%

@g-dubs · Feb 11 '18

$0.04

Correct. I did mention the wallet was beta and to use small amounts. Just position size according to the risk and then if the worst happens your still ok.

👍 travelersmemoire

`author`	g-dubs
`permlink`	re-travelersmemoire-re-g-dubs-using-the-bancor-protocol-it-s-easy-peasy-20180211t014715776z
`category`	bitcoin
`json_metadata`	{"tags":["bitcoin"],"app":"steemit/0.1"}
`created`	2018-02-11 01:47:15
`last_update`	2018-02-11 01:47:15
`depth`	2
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`last_payout`	2018-02-18 01:47:15
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.029 HBD
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`pending_payout_value`	0.000 HBD
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`author_reputation`	137,049,031,659,694
`root_title`	"Using the Bancor Protocol, It’s Easy Peasy"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
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`author_curate_reward`	""

properties (23)vote details (1)

voter	weight	wgt%	rshares	pct	time
travelersmemoire	0 B		5,235,922,610	100%

@travelersmemoire · Feb 11 '18

Fair enough.

properties (22)

`author`	travelersmemoire
`permlink`	re-g-dubs-re-travelersmemoire-re-g-dubs-using-the-bancor-protocol-it-s-easy-peasy-20180211t065843811z
`category`	bitcoin
`json_metadata`	{"tags":["bitcoin"],"app":"steemit/0.1"}
`created`	2018-02-11 06:58:45
`last_update`	2018-02-11 06:58:45
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`children`	0
`last_payout`	2018-02-18 06:58:45
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.000 HBD
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`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	12
`author_reputation`	5,115,418,978,753
`root_title`	"Using the Bancor Protocol, It’s Easy Peasy"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	36,601,639
`net_rshares`	0

@upmyvote · Feb 11 '18

re-g-dubs-using-the-bancor-protocol-it-s-easy-peasy-20180211t000746203z

You got a 2.05% upvote from @upmyvote courtesy of @g-dubs!
If you believe this post is spam or abuse, please report it to our [Discord](https://discord.gg/yv2TMPu) #abuse channel.

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properties (22)

@wstanley224 · Feb 10 '18

$0.59

Thanks for the heads up!  Getting paid today.  Will try it.  Re steemed.

👍 troopaloop, g-dubs, wstanley224

properties (23)vote details (3)

@g-dubs · Feb 10 '18

Cheers!

👍 wstanley224

properties (23)vote details (1)