Bancor & bitJob Collaborate to Create STU-BNT Token Changer

The partnership will ensure STU liquidity and engagement with the Ethereum token-sphere

Elad Kofman
Sep 4, 2017 · 3 min read

Advantages to the bitJob/Bancor partnership

Ensuring high liquidity and reserve:

As stated in Galia Benartzi’s excellent blog post, Bancor will lock away a sizable percentage of BNT for two years. Since BNT holds an ETH reserve, two-way ETH-STU conversions will also be possible. This ensures liquidity and value for the STU Token, and immediate engagement with the worldwide token marketplace.
The token changer will charge a small service fee after each conversion, which will be placed into a reserve of STU-BNT Smart Tokens. Anyone will be able to purchase these tokens with STU, BNT or ETH.

Tapping into the “longtail of currencies” using Bancor:

Please read Galia Benartzi’s wonderful piece: How the ‘Long Tail’ of Cryptocurrencies Spells Massive Opportunity for Society.
It lays out a well-known use case for user adoption and community-building. The time for growth is now, and we feel that liquidity is they key to engagement.

Association with the Bancor Foundation:

The bitJob company culture is to ensure win-win incentives to everyone in every interaction. We believe in the Bancor team, vision, and product. That is why this collaboration will work the same way, by offering new values for both sides:

We are working around the clock to support our global community!

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bitJob

A decentralized P2P Marketplace for online short-term Jobs for students, freelancers and employers.

Elad Kofman

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bitJob

bitJob

A decentralized P2P Marketplace for online short-term Jobs for students, freelancers and employers.