JetSet Partnership Update — Bancor
I’m excited to announce our new partnership with The Bancor Network! Take a look below at our press release.
LOS ANGELES, TEL AVIV, MAY 2, 2018 — Following up on their recent website launch, completion of the whitepaper, and release of their development roadmap, JetSet is excited to announce their integration with The Bancor Protocol. The integration will usher in a new level of support and credibility for JetSet as it approaches its first token pre-sale, happening at the end of June. CEO & Co-Founder Amar Bhakta said “this integration is a great step forward for us as we start seeing this vision come to fruition. In such a dynamic field, it’s important to find networks that value trust and transparency and that stand out from the others.”
By integrating the Bancor Protocol, JETS token holders will gain access to continuous liquidity regardless of trade volume or exchange listings, through the Bancor Network, where any integrated token can be automatically converted to any other directly from the Bancor Wallet or any Web3 Wallet, such as MetaMask. Currently integrated tokens include ETH, BNT (the Bancor Network Token), GNO (Gnosis), BNB (Binance) and a long list of announced projects soon to be activated.
JetSet will activate a relay with 2–5% of its token supply shortly after the end of their general token sale. This will allow users to buy and sell JETS Tokens directly from their Bancor Wallet or any Web3 wallet at a formulaically calculated price.
The “JetSet” mission is to make travel safer, easier, and more affordable for everyone around the world by removing the obsolete restrictions around modern-day travel. They are developing a private token marketplace and exchange that will help travelers find the best means and ways to enjoy a trip abroad or domestically — whether it is exchanging money, booking travel, or finding a hotel — all powered by blockchain technology. Through the use of Smart Contracts, the JetSet marketplace matches travelers with the services and needs while they’re abroad. This is achieved through multiple channels: the physical JetSet ATM and POS global network and via the desktop and mobile apps.
Bancor Protocol is a standard for the creation of Smart Tokens™, cryptocurrencies with built-in convertibility directly through their smart contracts. Bancor utilizes an innovative token “connector” method to enable formulaic price calculation and continuous liquidity for all integrated tokens, without needing to match two parties in an exchange. Smart Tokens interconnect to form token liquidity networks, allowing user-generated cryptocurrencies to thrive. To convert tokens instantly, visit the Bancor Web App or join the Bancor Telegram group for more information.