Root Blockchain to Integrate the Bancor Protocol to Provide Token Liquidity for its Users.
April 10, 2018 — Root Blockchain (RBC), a new blockchain platform that revolutionizes the blockchain technology itself and offering Root Blockchain Technolgy as BAAS(Blockchain as a service) to the retails and enterprises specially travel and education industry which is a 7.6 + Trillion Dollar Industry worldwide each year, has today announced its integration of the Bancor Protocol to provide continuous liquidity for the Root Blockchain platform. Earlier this week, it was reported that RBC is one of the top 5 ongoing ICO by ICObench with the rating of 4.9/5. Root Blockchain also released the MVP and Android app.
By integrating the Bancor Protocol, RBC 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 anticipate having a huge community and massive demand for the RBC token, so it absolutely makes sense for us to provide our users with an easy way to convert tokens,” said Girish Kumar, Co-Founder RBC. “Integrating with Bancor will provide liquidity to everyone who wants to be a part RBC as we build our platform and revolutionize Blockchain industry.”
RBC will activate a Relay Token with 3% of its circulating token supply within a week following the successful completion of the Token Sale. Users will be able to purchase and sell RBC tokens directly from any Web3 wallet at a formulaically calculated price.
As of now, RBC has more than 16,000 members in the telegram group and almost 30,000 registered users. And these numbers are growing exponentially.
About RBC: Root Blockchain employs a unique mechanism to increase the speed of transaction confirmation on the blockchain, while at the same time keeping the costs low. Only digital fingerprints of the actual transaction data are stored in the blockchain. Storage of the actual data itself is optional. If data storage is opted for, RBC provides a separate secure digital vault for encrypted data storage.
RBC offers several business models:
1. Private Blockchain — Customers may choose to have their own dedicated blockchain, where only their transactions will reside.
2. Consortium Blockchain — A private blockchain for two or more parties. Consortiums are ideal for linking customers and vendors.
Secure, encrypted data storage is provided as an optional feature. This is linked to, but physically decoupled from the actual blockchain. The entire Root Blockchain offering is wrapped in an API layer which ensures that businesses can easily be up and running in a minimal timeframe.
RBC is specially targeting the travel and education industry which is a 7.6+ Trillion Dollar Industry.
For more information, please visit https://www.rootblockchain.io/
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.
P.S — : If you are an Angel Investor, Crypto Pool Manager contact info@rootblockchain.io for offers.
