XinFin Integrates the Bancor Protocol, Provides Token Liquidity to XDCE Community

By: XinFin Fntech Pte. Ltd.
 
 
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XinFin
Bancor Protocol
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Partnerships

SINGAPORE - Feb. 26, 2018 - PRLog -- XinFin Fintech Pte. Ltd, a Singapore-based Blockchain Technology platform focused on international trade and finance, has today announced an integration with the Bancor (https://www.bancor.network/) Protocol to provide continuous liquidity for the XinFin platform.  Earlier this week, it was reported that XinFin raised over 1.5 million in their pre-crowd sales before their ongoing crowd sale and are anticipating over 40000 users to join its community after ongoing crowd sales.

By integrating the Bancor Protocol, XinFin token (http://www.prweb.com/releases/2018/02/prweb15180609.htm) 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 any Web3 wallet, such as MetaMask. Currently integrated tokens include ETH, BNT (the Bancor Network Token), GNO (Gnosis), STX (Stox) and a long list of announced projects soon to be activated.

"We are really excited to integrate the Bancor Protocol which will make it effortless for our users to convert their tokens, providing them with continuous liquidity. With this integration, our growing community that has an ever-growing demand for XinFin tokens will be able to trade without addressing drastic price changes because of volatility," said, Karan Bharadwaj, CTO, XinFin.

XinFin will activate a Relay Token with 2% of its circulating token supply within the week following the distribution of the XinFin tokens after a successful completion of the Token Sale. Users will be able to purchase and sell XinFin tokens directly from any Web3 wallet at a formulaically calculated price.

XinFin  is a Blockchain technology company that has built Hybrid Blockchain and solutions for international trade and finance. XinFin blockchain is powered by XDC01 protocol where underlying XDC tokens can be traded against FIAT currencies or other crypto-currencies like bitcoin, ripple, bitcoin cash etc and will also act as an underlying settlement mechanism.

About XinFin

XinFin (www.xinfin.org) is a Singapore based Blockchain Technology Company that is focused on Business Process Efficiency improvement and has deployed Blockchain solutions for international trade and finance. XinFin has developed a high scalable, secure, permissioned and commercial grade Hybrid Blockchain platform called TradeFinex (www.tradefinex.org) that will bridge the global infrastructural deficit by undertaking Blockchain powered peer-to-peer trade and finance contracts between governments, institutions, buyers and suppliers.

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 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. Bancor smart tokens provide solution to the issue of liquidity as was noted in NewsBTC (https://www.newsbtc.com/2018/01/23/bancor-smart-tokens-provide-solution-to-the-issue-of-liquidity/).

Media Contact
Kavita Gupta
+65-90855604
social@xinfin.org
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Tags:XinFin, Bancor Protocol, Blockchain Technology
Industry:Internet
Location:Singapore - Singapore - Singapore
Subject:Partnerships
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