Joint Ventures Integrates the Bancor Protocol
Izmir, Turkey — March 29, 2018 — Joint Ventures (Joint), building blockchain applications for online publishers, is proud to announce its integration of the Bancor Protocol to provide continuous liquidity for the Joint Ventures platform. Joint Ventures’ aim is to create an economy for online publishers that rewards every participant in the network, including authors, commenters and advertisers alike by minimizing third-party commissions.
Upon integration of the Bancor Protocol, Joint token holders will have access to continuous liquidity on the Bancor Network, regardless of Joint trade volume or exchange listings.
The Bancor Protocol employs a unique “connector” method which allows users to buy and sell any token for any other at continuously calculated rates, without matching two parties like in traditional exchanges. By adopting the protocol, Joint tokens will be easily convertible with crypto tokens such as ETH, EOS, BNT, BNB and many others.
Joint Ventures will create a Bancor-compatible Relay Token that includes 3% of the Joint Ventures supply within the week following the Joint Ventures launch.
Joint Ventures’ first product, Joint Comments, will run on any website and will make it possible for commenters to gain tokens through their contributions to the ecosystem calculated through Joint’s algorithm. On a typical commenting solution, the commenters are not rewarded fairly for their contributions. Regarding money flow, the money flows from advertisers to publishers, but not before the commenting system takes its own cut. Blockchain allows Joint to easily calculate the value of individual contributions and distribute the rewards fairly and transparently.
About Joint Ventures
Joint Ventures brings a much-needed change to the current digital content landscape. Our aim is to create an economy that rewards every participant of the network, including publishers, authors, commenters, advertisers, and moderators, while minimizing third-party commissions. Joint Ventures plans to create a community-centered content economy with millions of participant. We discuss the implementation of a transparent advertising revenue model in our ecosystem, which will allow publishers to monitor real-time engagements with their content as well as helping advertisers to get the maximum value out of their advertising budget. For more information, visit the website and read the Joint Ventures Whitepaper.
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.
