BlockchainMarket

Decentralised Grocery Market to Increase Liquidity with Bancor

A decentralized ecosystem for the grocery market, INS has announced its integration of the Bancor Protocol, a standard for autonomously convertible blockchain cryptocurrencies, to offer inter-chain liquidity to INS holders via Bancor’s Smart Tokens. INS will create a unique type of Smart Token called a Token Relay which will allow anyone to convert INS into any token in the Bancor Network, directly from Web3 wallets at formulaically calculated prices.

Peter Fedchenkov, INS Founder, said: “Liquidity is a major issue within the cryptosphere, and a constant concern for token holders. This integration will ensure that INS token holders have continuous and autonomous liquidity and relative stability, regardless of trade volume or exchange listings.”

 

READ MORE OF THE ARTICLE AT CHAIN-FINANCE.COM

Based near Windsor, England, Matthew Warner is an enthusiast for innovative, cutting edge technologies. He is a B.Eng. graduate in engineering with honors from the University of Warwick and also holds an PGCE in education degree. Matthew is a member of Mensa.
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