BAZ Protocol Integrating Bancor Protocol to Provide Token Liquidity
Singapore — June 20, 2018 — BAZ Protocol, a new blockchain platform that will serve over 40 million root levels community based small businesses (BAZers) in Asia annually has today announced its integration of the Bancor Protocol to provide continuous liquidity for ERC-20 based EKK Token.
By integrating the Bancor Protocol, EKK 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 the Bancor Wallet or any Web3 wallet, such as MetaMask. Currently integrated tokens include ETH, BNT (the Bancor Network Token), GNO (Gnosis), BNB (Binance) and a long list of announced projects soon to be activated.
“We anticipate having a huge community and massive demand for the EKK token, so it absolutely makes sense for us to provide our users with an easy way to convert tokens,” said Enam Chowdhary, CEO EkkBaz. “Integrating with Bancor will provide liquidity to everyone who wants to be a part of the BAZ Protocol as we build our platform and revolutionize the $8.5 trillion FMCG industry.”
Baz Protocol will activate a Relay Token starting with $100,000 worth of its token by August 2018. Users will be able to purchase and sell EKK tokens directly from the Bancor Wallet or any Web3 wallet at a formulaically calculated price.
About EkkBaz
EkkBaz is developing BAZ Protocol, a next-generation B2B collaboration for FMCG businesses as part of its EkkBaz Business mobile app for the $8.5 Trillion FMCG Industry. Powered by blockchain, artificial intelligence, social and collaborative technologies to significantly simplify B2B interactions, this new protocol will reduce middlemen and empower root-lever business users. EkkBaz ICO is starting on 25th June 2018, 13:00 Singapore Time (GMT +8).
About Bancor
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.
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