TradeRiser to Integrate Bancor Protocol to Provide Token Liquidity for Traders and Investors
TradeRiser is a decentralized ecosystem and Research Assistant for investors and traders, that is set to capture a sizable portion of the trading industry worth trillions. Today the TradeRiser team is happy to announce the planned integration of the Bancor Protocol to provide continuous liquidity for their upcoming platform’s users. TradeRiser is planning to raise $23M during their token sale scheduled for July — September 2018.
By integrating the Bancor Protocol, XTI 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 have decided to adopt the Bancor protocol because it is a great solution to the liquidity challenge that our XTI token could potentially face. Our research and trading platform will serve thousands of traders and investors on a daily basis and it goes without saying that they’ll need a fast and convenient way to convert XTI into various tokens, which Bancor provides. The workers and reviewers in our ecosystem who validate and complete machine learning tasks, will also need other avenues of converting tokens, which Bancor serves.” says Dennis Owusu-Ansah, CEO of TradeRiser.
TradeRiser will activate a Relay Token with a proportion of its circulating token supply within a week, following the successful completion of their token sale. Users will be able to purchase and sell XTI tokens directly from the Bancor Wallet or any Web3 wallet at a formulaically calculated price.
About TradeRiser
TradeRiser is a decentralized ecosystem and Research Assistant for answering trading questions. The platform is powered by AI and data from an ecosystem of financial analysts, enabling the AI to answer trading questions instantly. The Research Assistant platform will serve both investors and traders across the world covering crypto and financial markets. The TradeRiser blockchain infrastructure will allow organizations to create machine learning tasks for workers and reviewers across the world, helping to support the already growing artificial intelligence industry. For more information visit https://www.traderiser.com
About Bancor
The 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.
