iTrue is pleased to announce it is joining the Bancor Network. iTrue will integrate the Bancor Protocol and follow specific guidelines for creating a Smart Token to offer ITU token holders an easy way to buy and sell ITU.
About Bancor
Bancor aims to unlock the long tail of user-generated currencies by solving the decentralized liquidity challenge, allowing any token to be instantly convertible to any other at continuously calculated prices, regardless of volume and outside of traditional exchanges.
As mentioned above, Bancor is a decentralized liquidity network based in Zug, Switzerland. BNT was activated on June 17, 2017 via a historic Token Generation Event, acting as a hub network token to the Bancor Network.
By integrating the Bancor Protocol, ITU 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.
Details of the Bancor Integration
Beginning March, 2019, iTrue will launch relay tokens with the liquidity depth equal to $160,000 USD. By integrating the Bancor Protocol, iTrue users will be assured of continuous liquidity independent from exchange listings. Among the currently integrated tokens there are ETH, BNT, GNO, BNB and a long list of projects soon to be activated and announced.
As Max Tkachenko, CEO of iTrue, says:
‘There is an anticipation of massive demand of iTrue tokens. We want to make sure our token system is flawless. This is the main reason of this integration.’
About Bancor Protocol
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.
Stay tuned to our further news and updates.
Join Whitelist: https://itrue.io/sign-up.html
Talk to iTrue team: https://t.me/itrueio
Watch the iTrue video: https://youtube.com/watch?v=yE8RGafbuTU
Read the White Paper: https://itrue.io/files/iTrueWhitePaper.pdf
