Moscow, Russia — 24 October, 2017 — B2Broker, a leading trading technology provider who offers comprehensive solutions for brokerage companies, has joined an expanding group of projects to integrate the Bancor Protocol™, a Smart Token™ cryptocurrency standard to automate liquidity for B2BX tokens.
The protocol integration will enable the Bancor Network Token (BNT) to convert to B2BX tokens, and vice versa, instantly and continuously, according to a mathematical formula and directly through the smart contracts.
Bancor’s smart contracts utilize a connector token method which will allow B2BX tokens to automatically convert to BNT, ETH and any integrated token in this decentralized liquidity network, according to an open-source algorithmic price. These conversions take place directly between smart contracts, outside of exchanges. This integration will bring built-in convertibility to B2BX tokens.
B2Broker CEO Artur Azizov commented: “The successful progress of our token sale leads us to the next phase of the project and ensuring the B2BX token benefits from the greatest blockchain technology advantages. We admire Bancor’s automated approach, and will implement the protocol as soon as the token sale is concluded.”
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.