So Last week Bancor made history being one of the very few ICO's to make at least $150 Million . For those of you who don't know what Bancor is, below is a couple minute video overview.
Problem 1
There was a hidden cap where those running the ICO could decide when to cut it off.
*Cap of 14 Days (Shown Below)
*Code Below Shows basically the team can choose to when they reveal it, meaning there is no/little transparency
Problem 2
The code below basically shows that the Bancor Team can disable all transactions any time they wish
Problem 3
The Team can Issue New Tokens any time they want to (without notice to the individuals investing in the ico/coin)
Problem 4
The Bancor Team can destroy any tokens whenever they want
Now it is very possible the Bancor will never do any of the items above, but it surprises me that those who invested 150 Million dollars into something didn't see if there were any hidden sections in the code. I didn't invest in this, so let me know what you think below.
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