156 million US dollars in 3 hours: The Bancor ICO

Yesterday, the Bancor (BNT) ICO went to the start and put a breathtaking kickstart to the day. A gigantic investment took place here in the Ethereum network.

The Bancor protocol is already seen as the new standard for the new generation of cryptoscripts. These are called "smart tokens". Smart tokens can hold one or more tokens in reserve. The Bancor BNT Token Sale took place yesterday at 4 pm and was not of long duration. In less than three hours almost 400,000 ethers worth 156 million US dollars flowed into the project record!

Hacker attacks delayed the ICO

During the ICO, Bancor reported a malicious attack on the network. As a result, the transactions could not be processed as quickly as expected and the ICO had to be extended.

Investors thus had around three, rather than originally planned only two, hours of investment time.

Great criticism in the social media

The topic was cooked at the same time in the social media. Investors reported transactions that were not executed or transactions that were simply canceled after a long "pending" state.

Others criticized the handling of the cyber attack. They said the previously defined ICO conditions are sacred and can not simply be changed arbitrarily and without notice. Here, with an allusion to the extension of the ICO.

More about: Opening of the Bitcoin Club Bonn e.V.
Even if the management quickly found a solution for a sufficient transaction time during the attack, some users felt unjustified. Some of them booked a Bitcoin Suisse AG service for guaranteed participation in the ICO. This service was previously arranged by the organizers of the ICO and guarantees the participation of the investors. When the BNT ICO was then extended from two to three hours, there was criticism.

Bancor BNT ICO breaks all records