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XinFin Integrates the Bancor Protocol, Provides Token Liquidity to XDCE Community
By: XinFin Fntech Pte. Ltd.
By integrating the Bancor Protocol, XinFin token (http://www.prweb.com/
"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,"
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.
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.
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/