Hi again,

You’re right, the code can be copied, but not the network. The effect of having more tokens use BNT as a connector, is that more BNT will be issued, and BNT’s unit price will rise as in the formula. This network effect is directly reflecting increased usage of the Bancor Decentralized Liquidity Network, whereas increased usage of ETH reflects additional dynamics within the crypto ecosystem, and is according to ETH’s original token supply dynamics. With BNT, the token’s only purpose is to establish this ecosystem, and all value and resources around the project are being deployed to further this goal. The teams, contributors, advisors, partners and bounty participants are all incentivized to further this goal as well. All that said, in this new era of decentralization and transparency, only truly valuable projects and products will succeed.

We look forward to being a constructive part of this important shift. If you have any further questions, don’t hesitate to ask!

Bancor is an on-chain liquidity protocol that enables automated, decentralized exchange on Ethereum and across blockchains.

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