Confideal’s CDL token to adopt the Bancor Protocol™
Confideal is announcing its integration with the Bancor Network™, a decentralized liquidity network that enables its participants to hold any Ethereum token and convert it to any other token in the network, including BNT (Bancor Network Token™), ETH and many others, using a simple web wallet. You can learn more about the CDL community, here.
Confideal’s token (CDL) will be available for conversion to and from other Bancor Network tokens upon completion of the ICO that begins January 1st, 2018 and will end January 31, 2018, and activation of the CDLBNT Token Relay(™) the following week. Confideal will allocate between 5% — 10% of CDL tokens to the Token Relay to ensure CDL enjoys high liquidity and stability, and to increase the network’s attractiveness to all holders of its various tokens.
Confideal is an ecosystem for making fast and safe deals through smart contracts on the Ethereum blockchain. It requires no programming skills and features a user-friendly interface for creating complex smart contracts. In cases of dispute, parties can have them resolved through qualified arbitration, and other features coming soon.
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™ White paper.