dApp Builder Announces Integration of Bancor Protocol
dApp Builder today announced that it will be partnering with Bancor to utilize Smart Tokens™ across the dApp Builder platform, and joining the Bancor Network. The dApp Builder token (DAP) will be using the Bancor standard, which is also ERC-20 token compliant and compatible with all supported exchanges and wallets, to enable automatic convertibility between DAP and every token in the network.
As adoption of blockchain technologies (such as Ethereum, smart contracts, tokens and decentralized applications) is on the rise, increasingly innovative solutions are needed for competitive edge in this growing space. Furthermore, a study conducted by IBM found that 80% of the 3000 executives surveyed are using or considering blockchain technologies to develop new business models or respond to shifts in their industries. 71% of business leaders surveyed who are actively using blockchain believe it plays a key role in advancing their fields, suggesting widespread support for industry standards is on the horizon.
In the domain of cryptocurrencies, an increasing number of new tokens face a liquidity challenge which impedes user experience. Bancor is building a decentralized liquidity network which will allow tokens to automatically convert between each other more easily and at transparent prices. dApp Builder is enabling anyone to easily create a decentralized application. Together, these solutions are a perfect match for the proliferation and ease of use of Ethereum based tokens, making them more accessible to all.
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Bancor enables the simple of Smart Tokens™, which allow for newly embedded functionality into cryptocurrencies. With the ability to hold other tokens as “connectors” and to be bought and sold directly through their smart contracts (as opposed to via a counter-party or in exchanges) Smart Tokens in the Bancor Network can instantly be converted for any other token in the network, allowing continuous liquidity and facilitating usage-driven and algorithmic price calculation. Smart Tokens and their holders benefit from uninterrupted liquidity and increased stability thanks to their automated, built in market maker and algorithmically calculated prices.
The dApp Builder platform is an end-to-end, “No Coding Needed” platform that will enable users and businesses to easily move into the blockchain world. Project owners will be able to easily activate Smart Tokens in their applications by selecting a few basic parameters in the UI. The DAP token itself will allocate 2% of its circulating supply to the Bancor Network Token Relay to allow easy conversion between all Smart Tokens. The integration will take place in the week following the successful completion of the DAP Token Sale, which is scheduled for Q1 2018. You can join the dApp community here.
Eyal Hertzog, Co-founder of Bancor, has recently joined the dApp Builder Advisory Board as Strategy Advisor to consult on the implementation of Smart Tokens within the dAPP ecosystem. “Bancor is focused on bringing usable tokens to long tail of consumers. While the Bancor Network will offer continuous liquidity, essential to this mission, we are excited to see dAPP Builder take on another important challenge, the simple creation of decentralized applications by non technical users,” said Hertzog.
About dApp Builder
dApp Builder is a platform that allows a user to create Ethereum-based dApps from prebuilt smart contracts (no coding) and instantly deploy them to blockchain dApp Builder; it establishes a community reviewed smart contract marketplace therefore enabling dApps distribution on both mobile and desktop.
dApp Builder was founded by iBuildApp Mobile App Builder and its executives and investors.
Since launching in 2011, BuildApp Mobile Builder has received over 50M downloads created by over 2,500,000 businesses and developers (app makers). 3, 000, 000 apps have been built and over 150, 000 apps published on app stores; monthly visitors on mobile exceed 2.5 million.
The iBuildApp/dApp Builder marketplace has been named one of the 5 Best Mobile App-Building Programs by Complex.com and featured on CNet, VentureBeat, Wired, ZDnet, (was mentioned in Techcrunch), TMSNet, PCmagazine, Huffington Post UK, Ubergizmo, Adweek, Folio Magazine, Enterprise Apps Today, Content Review.
Bancor is a protocol for the creation of Smart Tokens™, a new standard for cryptocurrencies which are intrinsically convertible directly through their smart contracts. Bancor utilizes an innovative reserve method to enable automatic price calculation and continuous liquidity for tokens, without needing to match two parties in an exchange. Smart Tokens interconnect to form token liquidity networks, allowing user-generated cryptocurrencies to thrive. For more information, visit the website and read the Bancor protocol whitepaper.
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