DEEP AERO Will Integrate Bancor Protocol to Provide Token Liquidity for its DRONE Tokens
Ajman, UAE — April 11, 2018 — DEEP AERO, a company that is building an autonomous drone economy powered by AI & Blockchain, has today announced its integration of the Bancor Protocol to provide continuous liquidity for its DRONE tokens.
DEEP AERO’s public Pre-Sale is scheduled between 30 March 2018 and 15 April 2018. By integrating the Bancor Protocol, DRONE 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 many more projects that will be activated soon.
“We have a huge community and anticipate massive demand for the DRONE tokens, so it absolutely makes sense for us to provide our users with an easy way to convert DRONE tokens as soon as the ICO is finished,” said Gurmeet Singh, CEO of DEEP AERO. “Integrating with Bancor will provide liquidity to everyone who wants to be a part of the drone economy as we build our platform and revolutionize the drone industry.”
DEEP AERO 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 DRONE tokens directly from the Bancor Wallet or any Web3 wallet at a formulaically calculated price.
About DEEP AERO
As the world economy heads towards large-scale adoption of Unmanned Aircraft System (UAS)/drones for commercial purposes, the drone industry is grappling with huge challenges. One of the biggest challenge that the drone industry is facing at present is that there is no autonomous system to manage high volume unmanned drone traffic.
DEEP AERO, a global leader in drone technology innovation, is building an AI-driven, autonomous, self-governing, intelligent drone/unmanned aircraft system (UAS) traffic management (UTM) platform on the Blockchain. It is designed to enable safe low-altitude civilian flights of manned and unmanned aircraft in the shared airspace.
“The use of unmanned aerial vehicles is increasing exponentially,” says Mr. Gurmeet Singh, CEO of DEEP AERO. “We’re heading towards a future in which millions of drones will fly billions of flights. At some point in the not-too-distant future, fleets of commercial drones are expected to swarm across the skies.Current airspace management and air traffic flow management systems don’t have the capabilities to handle the type of operations relevant to drones. In addition, the anticipated traffic density of drones is far beyond the capabilities of current air traffic management systems. At DEEP AERO, we are currently researching prototype technologies such as airspace design, dynamic geo-fencing, congestion management, terrain avoidance, route planning, re-routing, separation management, sequencing and spacing, and contingency management.”
DEEP AERO’s DRONE-UTM includes universal drone registrationstandards, secure identification systems, tamper-proof flight data recorders, accurate and trustworthy 3D mapping data, dynamic weather information, and secure vehicle-to-vehicle communication.
DEEP AERO’s DRONE-MP, a decentralized marketplace will be one stop shop for all products and services for drones. This platform will be the foundation of the drone economy and will be powered by the DEEP AERO (DRONE) token.
DEEP AERO (DRONE) Token Pre-Sale has started on 30 March 2018. You can read the whitepaper and watch the ICO video for more information.
For more information, please visit https://www.deepaero.com.
About Bancor
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.
