In the lead up to the Bancor TGE, we committed to using 80% of all ETH raised over the cap to create a price floor for BNT.
As of now, anyone who owns BNT and wishes to sell at the floor price, 100 BNT per ETH, is now able to do so using our twice audited Price Floor contract.
In order to place an order to sell your BNT at the minimum price (1 BNT=0.01 ETH) follow these steps carefully:
Important: Before proceeding with this process, we recommend checking the Price Floor Remainder and current BNT rate. The minimum will only be available while supply lasts and changing using the floor price contract will return the minimum rate and not current rate which can be higher.
Open MyEtherWallet and select the “Contracts” tab.
(above screenshot) MyEtherWallet “Contracts” tab
Select the “approve” action from the “Read/Write Contract” drop down menu:
Note 1: This action only allows access to the contract and will not exchange funds.
Note 2: If this is not the first time you are performing this step, you will need to set the _value to 0 (zero), submit the transaction, then set the _value to the desired amount, and submit the transaction again.
you can find an easy wei converter here https://converter.murkin.me/. follow the steps in the image to create the correct wei value.
At this stage, you will see this "Warning" message:
You will need to access a different contract now. Please scroll to the top of the MyEtherWallet page and update the information you are using:
(above screenshot) MyEtherWallet “Contracts” tab
Select the "sell" action from the "Read/Write Contract" drop down menu:
At this stage, you will see this "Warning" message:
This process will sell BNT tokens at the Price Floor of 1 BNT = 0.01 ETH
