BlockMesh & Bancor Announcement
29 November 2017 — BlockMesh, the decentralised and cost-free communication network, is proud to announce its integration of the Bancor Protocol™, the Smart Token™ standard for continuous liquidity, to ensure immediate convertibility following its Token Sale in Q1 2018.
Bancor will allow for instant conversion of Mesh Tokens (MESH) directly through a simple Web App. This conversion is possible between MESH, BNT, ETH and any other integrated token in the network, with over 50 planned activations already announced.
The Bancor Protocol utilizes an innovative “Connector” method which allows users to buy and sell any token for any other at formulaically calculated rates directly using popular Web3 wallets, without needing to match two parties in traditional exchanges. BlockMesh will create a Bancor-compliant Token Relay™ with 5% of the BlockMesh supply within the week following the MESH launch.
BlockMesh began as a mesh-network solutions provider in October 2015 and aims to revolutionise the current centralised communication ecosystem by allowing its users to call, text and share files with other BlockMesh users without requiring infrastructure such as satellites, cellphone towers, Wi-Fi hotspots or radio repeaters.
The blockchain has solved the challenge of compelling individuals to support the mesh-network by offering BlockMesh app users cryptocurrency rewards simply for network participation. The reward function will utilise blockchain technology to incentivize users with Mesh Tokens, which they can then easily convert through the Bancor Network for other tokens. The more data that passes through a user’s app, the more Mesh Tokens they will accumulate.
Key Features of the BlockMesh Network:
● BlockMesh is decentralizing communication
● Cost-free communication
● BlockMesh rewards its users for joining the network
● Sell your excess data to turn an expense into a return on investment
● Turn your home router into a business tool
● Turn any smart device into an asset
● 20 billion smart devices are waiting to support the Mesh Network
● A white label will be available (schools, consorts, corporates and more)
● Our development partner, Serval Project, are the partners and leaders in mesh-networked communication
● BlockMesh is the first Token Sale to have open yearly financials
● Registered bank accounts
● Forward-compliant with regulations
The BlockMesh app will be free to download and use and open-source with a planned beta release in December 2017. The official release date of the BlockMesh app will be announced in Q1 2018 and will be available from the Google Play Store and Apple App Store.
BlockMesh utilizes the latest innovations in mesh networking technology to create cost-free communication networks. It is a telecommunications system that can work outside of regular cellular tower range due to the peer-to-peer mesh network it enables. By creating a network powered by Bluetooth (or Wifi), the mesh network sidesteps typical cellular and data costs. BlockMesh also pays its users in cryptocurrency to use the app. A new era in mobile communication has arrived, visit the website for more information and read the BlockMesh whitepaper.
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 compliant tokens, without needing to match two parties in an exchange. Smart Tokens interconnect to form token liquidity networks, allowing user-generated cryptocurrencies to thrive. For more information, visit the website and read the Bancor Protocol Whitepaper.