Bettium to Integrate Bancor Protocol to Provide Token Liquidity For Platform User.
Bettium is a decentralized global analytical platform for P2P betting that is set to capture a sizable portion of the growing sports and E-sports betting market estimated at $500 bln. Today the Bettium team is happy to announce the planned integration of the Bancor Protocol to provide continuous liquidity for their upcoming platform’s users. Bettium is planning to raise $30M during their token sale scheduled for May — June 2018.
By integrating the Bancor Protocol, Bettium ensures that BETT token holders will gain access to continuous liquidity regardless of projected 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 on Bancor include ETH, BNT, GNO, BNB and a long list of announced projects soon to be activated on the Bancor Network.
“We have decided to adopt the Bancor protocol because it is a great solution to the liquidity challenge that our BETT token could potentially face. Our betting platform will serve thousands of bettors on a daily basis and it goes without saying that they’ll need a fast and convenient way to convert BETT into various tokens, which Bancor provides,” says Nathan Hunt, CEO of Bettium.
Bettium will activate a Relay Token with 1% of its circulating token supply within two weeks following the successful completion of their token sale. Users will be able to purchase and sell BETT tokens directly from the Bancor Wallet or any Web3 wallet at a formulaically calculated price.
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.
Bettium is a decentralized analytical platform for P2P betting powered by AI with Big Data capabilities and a number of unique features previously unavailable in the betting industry. The platform will serve both amateurs and betting professionals in a unified ecosystem based on the blockchain with all its associated advantages: decentralization, reliability, transparency, scalability and unprecedented performance.
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