Storweey Integrating Bancor Protocol to Provide Token Liquidity for E-Commerce platform users
Cyber City, Ebene, Mauritius — May 25, 2018 — Storweey (STWY), a new blockchain E-Commerce platform that will serve people worldwide who trade goods and services for both crypto and fiat currency, has today announced its integration of the Bancor Protocol to provide continuous liquidity for the Storweey users. Storweey’s private pre-sale is now live, while the public pre-sale and ICO will be announced soon after the private pre-sale ends.
By integrating the Bancor Protocol, Storweey (STWY) 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.
“Integrating with Bancor will provide liquidity to everyone who wants to be a part of Storweey as we build our Marketplace and revolutionize the E-Commerce industry,” said Faris Azam, CEO Storweey.
Storweey will activate a Relay Token with 2% of its circulating token supply within a week following the successful completion of the Token Sale. Users will be able to purchase and sell STWY tokens directly from the Bancor Wallet or any Web3 wallet at a formulaically calculated price.
About Storweey (STWY)
Storweey is an online E-Commerce platform which will be built using blockchain technology. Our mission is to disrupt the existing market for retail e-commerce by providing an innovative and highly effective retail platform that is decentralized and peer-to-peer using smart contracts. We will provide the online retail market with a secure, trustworthy and efficient platform. For more information, please visit www.storweey.net
The 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.