Ignite Joins Bancor Network to Provide Token Liquidity to Ignite Community Members
I am very pleased to announce that Ignite RATINGS will shortly be integrating with the Bancor Protocol to provide continuous liquidity for the IGNX token and the Ignite RATINGS project, the world’s first decentralised ratings and investment intelligence platform, set for release in Q2 2018.
By integrating the Bancor Protocol, IGNX 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 one another directly from any Web3 wallet, such as MetaMask. Currently integrated tokens include ETH, BNT (the Bancor Network Token), EOS, SNT (Status), DRGN (Dragonchain), WINGS (Wings) and many more — a full list of the projects utilising the Bancor Protocol can be found here.
We are incredibly excited to be working with Bancor as we strive to professionalise the digital asset space. We anticipate demand for IGNX to be high, as converting IGNX to IGNT via the Ignite RATINGS platform is the only way that those who missed out on the Ignite crowdsale will be able to access the platform, and the benefits that come with it, including being eligible to receive the financial rewards of participating in the ratings process itself. Integrating with Bancor allows us to provide a level of liquidity that will enable anyone that wishes to be a part of the Ignite community the opportunity to join us.
Ignite will activate a Relay Token staking, initially, $100,000 worth of IGNX and $100,000 worth of BNT, within a week following the completion of its token sale. Users will be able to purchase and sell IGNX tokens directly from any Web3 wallet at a formulaically calculated price.
Ignite’s crowdsale will end on 28 February 2018.
To keep abreast of Ignite and Bancor as the integration develops, please join the companies’ respective Telegram groups:
Ignite is building Ignite RATINGS, the world’s first, truly decentralised and self-regulating investment intelligence and ratings platform powered entirely by crowd-sourced opinion.
IGNT token holders are rewarded for participating in the Ignite RATINGS process via a proprietary incentive mechanism which links the wisdom of the crowd with the real-world performance of those assets being rated — something never-before-seen within the financial ratings industry. Ignite achieves this by listening to its community, investing in those assets that they rate most highly and sharing its gains with them. Ignite’s software solution turns ratings into trading signals and automatically deploys capital from the Ignite MASTER INDEX, Ignite’s own investment vehicle, which is comprised of the highest-rated and performing digital assets available, and powered entirely by the opinion and wisdom of the Ignite RATINGS community.
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 compliant 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™ White paper.