*** SORRY I was using wrong formula!!! I fixed this article!!! ***
Writing in this article is the simplest example of Bancor’s autonomous price calculation rather than exchanges.
Bancor’s fundraising result was 396,720 ETH, as is also announced on the official website.
And as they set up 20% of revenue as a initial reserve and 50% of BANCOR (BNT) issued will be allocated to investors, wo can calculate the initial price as follows (It is the same as “1 ETH = 100 BNT” as in the crowdsale), though…)
