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so how does the ico work exactly? everyone sits at their computer

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File: bancorpic.jpg (3KB, 150x150px) Image search: [Google]
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so how does the ico work exactly?

everyone sits at their computer and as soon as the countdown hits 0, you send a eth transaction to their address. and that's it?

then at some later moment in time, these bancor tokens will be allocated to your eth address and as long as you still have the private key, you can use the eth address to access bancor tokens?
>>
Yes.
Just don't send your ETH from an exchange. Use MyEtherWallet.
>>
>>2386696
Yes
>>
>>2386696
Wouldn't do it. Ridiculous amounts of hype + uncapped ICO = probably won't get good returns.

Just keep making free money from ETH.
>>
>>2386736
so some people have already sent transaction to their address. they will be voided?

what happens if you send them eth after the deadline or they reach their limit and then you send? would they return eth to your address or you void it?

and also, what is this gas price of 200, 000? i guess it must be the fee for the eth transaction. don't know how much that equates to?
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