Aion and Bancor Protocol Will Offer Inter-chain Liquidity via Smart Tokens
Aion and Bancor Protocol Will Offer Inter-chain Liquidity via Smart Tokens™
Today we are excited to announce an upcoming collaboration between Aion, a multi-tier blockchain ecosystem designed to address the unsolved problems of scalability, privacy and interoperability in blockchain networks, and Bancor, the first protocol for intrinsically convertible Smart Tokens™, convertible directly through their smart contracts.
By introducing the Bancor Protocol™ into the Aion ecosystem, participating blockchains in the network gain access to continuous liquidity regardless of trade volume through Bancor’s Smart Token™ technology. The Bancor Protocol™ will also be able to convert across participating blockchains in the Aion Network, extending the reach of the protocol and accessing new markets.
“We believe liquidity is a fundamental challenge in the emerging crypto landscape, and that a solution will be needed across all blockchains. Introducing the Bancor Protocol™ into the Aion network is how we can achieve this,” Said Matt Spoke, CEO of Aion.
“Aion is exciting because it enables the Bancor Network™ to operate across blockchains, which is part of our vision to allow any token to convert to any other via a transparent, automated formula that increases liquidity and stability for all,” Said Guy Benartzi, Bancor Protocol
To date, the Aion project has raised $23 million USD prior to their public sale, which is scheduled to begin later this year.
The Aion network is a multi-tier blockchain network designed to support a future where many blockchains exist to solve unique industry problems and to power the services of the modern world. Aion will become the common protocol used for these blockchains, enabling more efficient and decentralized systems to be built. The Aion protocol enables the development of a federated blockchain network, making it possible to seamlessly integrate dissimilar blockchain systems in a multi-tier hub-and-spoke model, similar to the internet. For more information visit aion.network
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. For more information, visit the website and read the Bancor Protocol™ Whitepaper.