World’s Largest Decentralized Liquidity Network, Bancor integrates with CrowdForce
CrowdForce, a global decentralized network of micro businesses, announces its integration of the widely-adopted Bancor Protocol to facilitate liquidity for its CRF tokens.
With the aim to equip the next billion consumers with easier access to financial, digital, and crypto services, CrowdForce’s adoption of The Bancor Protocol will serve in extending the reach and usage of our tokens by increasing accessibility and liquidity to them.
The Bancor Protocol is a decentralized and reliable trading infrastructure that provides liquidity among ERC20 and EOS-based tokens. As a result, its token, BNT, is in the top 100 in market capitalization, and its ease of adoption gives rise to many growth opportunities for new cryptocurrencies like CRF, empowering the formation of a long-tail of early-stage tokens.
The integration of the Bancor Protocol will give CRF token holders access to continuous liquidity regardless of trade volume or exchange listings. This is possible through the Bancor Network, where any integrated token can be automatically converted to any other token from the Bancor Wallet or any Web3 Wallet such as MetaMask or Scatter. CrowdForce users will be able to buy and sell CRF tokens directly from their wallet at a formulaically calculated conversion price. By leveraging the capabilities of smart contracts to build liquidity directly into tokens, the Bancor Protocol’s Smart Tokens™ act as non-profit automated market makers.
Oluwatomi Ayorinde, CrowdForce C.E.O, is excited about the many possibilities the Bancor Protocol would bring to the CRF token holders as well as the CrowdForce Network.
“We are happy to be integrating the Bancor Protocol. This economic innovation already provides solutions to real-world communities, such as Bancor’s community currency initiative in Kenya. We look forward to leveraging Bancor’s valuable technology as part of CrowdForce’s mission to expand access to financial services and promote a more even distribution of global wealth.”
CrowdForce employs a large network of field agents and mobile technology to bridge the gap between the underserved masses and digital services. Through one of our products, PayForce, we have been able to help businesses and banks to scale to the next level by providing the services of these organizations through our field agents. In our quest to create greater accessibility and convenience for our consumers, we are integrating blockchain into our platform. This will enhance security, as well as reduce transaction costs by eliminating third parties. By implementing these new changes to our platform, consumers will be able to access financial, digital, and crypto services easier and faster.
Bancor is the world’s largest decentralized liquidity network. Bancor functions similar to a decentralized exchange, with a key difference: orders are processed against automated smart contracts on the blockchain, instead of matching two parties in a trade. Any project can easily integrate their token by creating a Relay on the Bancor Network to automate fair and efficient token conversions for users, directly from their wallets. Tokens on Bancor are instantly convertible for one another, with 8000+ trading pairs across ETH, EOS, BNB & more. Bancor technologies impact organizations and people across the globe, from blockchain teams to token holders to real-world communities in Africa, Asia and beyond. Visit the Bancor Web App to convert tokens instantly, list your token on the Bancor Network or join the Bancor Telegram group for more information.