PayPro will be listed on Bancor
BARCELONA, January 2nd, 2018.- PayPro, the company building the first decentralized financial marketplace has announced today a collaboration with Bancor to provide continuous liquidity for the platform. Earlier this month, PayPro reported that it expects to raise up to 20,000 ETH from an Initial Coin Offering starting on January 8th.
By integrating the Bancor Protocol, PYP 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 any Web3 wallet, such as MetaMask. Currently integrated tokens include ETH, BNT (the Bancor Network Token), GNO (Gnosis), STX (Stox), Storm (STORM), OmiseGo (OMG) and a long list of announced projects soon to be activated.
According to PayPro’s CEO, “there is a large and growing community showing interest on the product that we are building, so it is mandatory for us to provide them with a stable and easy-to- use tool to convert our tokens”. As the CEO states “partnering with Bancor is crucial for us as ensuring a steady supply of tokens guarantees PayPro’s user experience”. PayPro will activate a Token Relay with 5% of its circulating token supply within the week following the distribution of the PayPro tokens after a successful completion of the Token Sale. Right after then, users will be able to purchase and sell PYP directly from any Web3 Wallet at a formulaically calculated price. You can join the PayPro community here.
PayPro is a Barcelona-based company creating a financial marketplace where any financial entity working with Blockchain will be able to offer its services. Thus, dApps will be competing among them to become the client’s supplier, not the other way around as with banks. PayPro was created on 2015 by Pablo Ruiz and Gabriel Llambias as a payment tool based on Blockchain, which after being regulated by the Financial Conduct Authority of the United Kingdom, was managing USD 750,000 pm from more than 100 companies. Earlier this year, they decided it was time to evolve by creating the first truly decentralized financial platform. For more information, please visit www.payproapp.com.
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.