CryptoBnB integrates Bancor Protocol to offer token liquidity for short term home rental services
CryptoBnB, an emerging short term home rental solution aimed at removing middleman commissions by introducing a trust badge using blockchain technology announced an integration with the Bancor Network to ensure continuous liquidity for its tokens. CryptoBnB has a unique concept and is set to revolutionise short term home rentals for millions of travellers without Â the fraudulent reviews or services that are common on AirBnB and Trip Advisor, thetwo current market giants.
Through integration of the Bancor Protocol, CryptoBnB token holders will enjoy continuous liquidity regardless of trade volume or exchange listings. Through the Bancor Network, any integrated token can be automatically converted to any other directly from any Web3 wallet, such as MetaMask. Currently integrated tokens include ETH, BNT (the Bancor Network Token), GNO (Gnosis), WAX, BNB (Binance Coin) and a rapidly growing list of additional tokens.
â€œLooking at the popularity and suitability of [our] platform, the CryptoBnB token is anticipated to have a high demand, so it becomes important for us to provide easy methods to convert the tokens,â€ said Tariq Alwahedi, CEO CryptoBnB. â€œJoining the Bancor Network will provide a level of liquidity that will allow access to everyone who wants to be a part of CryptoBnB as we build our platform and revolutionize the short term rental industry.â€
CryptoBnB will activate a Relay Token with 5% of its circulating token supply within the week following the distribution of the CryptoBnB tokens after a successful completion of the Token Sale. Users will be able to convert CryptoBnB tokens directly from any Web3 wallet at a formulaically calculated price on the Bancor Network (www.bancor.network).
CryptoBnB (www.cryptobnb.io) is a start up aimed at providing short term rental solutions in a trusted environment. The booming travel industry and the need for reducing commissions for middlemen sets the future of the company in a bright spot.
CryptoBnB is a technology solution for short term rentals serving as a platform for travelers andhosts to meet and discuss deal terms. There are no hidden charges or commissions as it offers a direct and transparent system that eliminates the need for Â escrow payment methods. The integration of blockchain, big data and artificial intelligence (AI) technologies ensures a one of a kind peer to peer solution for the rental market. For more information, please visitÂ www.cryptobnb.io
Bancor Protocol is a standard for the creation of Smart Tokensâ„¢, cryptocurrencies with built-in convertibility directly through their smart contracts. Bancor utilizes an innovative token â€œConnectorâ€ 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 websiteÂ and read the Bancor Protocol white paper.