Articlex will be available on Bancor Network!
Hello, everyone! Today we want to announce very important news. We are integrating with Bancor, a decentralized liquidity network that will provide our users with an easy way to buy and sell Articlex tokens .
Our Articlex Token will be a Relay Token on the Bancor Network with two connectors, one that holds a balance in BNT (Bancor’s Network Token) and one that holds a balance in our Articlex tokens. In this way, our token holders will have the ability to instantly convert our Articlex Token directly on the blockchain, without having to wait for a matching buyer or seller. Articlex will be convertible for any token in the Bancor Network, including ETH, Tron, OmiseGo, Aelf, Enjin, Status and many more.
The amount we will use to activate the Relay Token is $100,000 of the raised funds and 5,000,000 ARTX (from the “Advisors and Partners” reserved tokens).
On the Bancor Network, the prices of the tokens are automatically calculated through the Bancor Formula and the conversions are made directly through a token’s smart contract.
Simone Stella, CEO & Founder of Articlex, said: “We aim to have a lot of token holders and users of the Articlex Platform, so it absolutely makes sense for us to join this great network to offer all our users continuous and automated token liquidity”.
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.