We are happy to share that our PTNX protocol token will be integrated with the Bancor Network shortly after the Platin TGE. Platin’s token holders will gain access to continuous liquidity regardless of trade volume or exchange listings. Bancor has a long list of projects in their decentralized liquidity network. The PTNX token will be automatically convertible to any other Bancor-integrated token directly from any Web3 wallet, such as MetaMask.
“Bancor is an open protocol… which allow coins to be exchanged without matching buyers and sellers.” — WIRED
Recently, Bancor was named one of Tel Aviv’s hottest startups by WIRED and has been covered by many major news outlets for their success including Fortune and CNBC. Its ability to give users the option to convert tokens without the typical hassle of going through a 3rd party makes it a leader in the decentralized space.
Bancor is a cross-chain solution. Its BancorX solution will allow users to trade between select EOS-based tokens as well as between EOS- and ethereum-based tokens. Bancor’s protocol is already being used on the EOS network to govern the market for RAM, a resource necessary for the creation of EOS accounts. Bancor also operates a block producer, LiquidEOS. This cross chain compatibility attracted Platin, since Platin is blockchain agnostic and can provide Location Proofs for any blockchain.
“Platin is excited to be partnering with Bancor for integrating PTNX into the Bancor network. Proof of Location has the potential for huge adoption by a massive community, so we need to provide our users with an easy way to convert tokens,” said Allon Mason, Platin CEO. “Integrating with Bancor will provide liquidity to everyone who wants to use Platin to revolutionize the location based services industry.”
We look forward to sharing more news about strategic partnerships between Platin and Bancor. Stay current with Platin by following us on Twitter or joining our Telegram group.
About Bancor
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.
About Platin
Platin™ (platin.io) is a secure Proof of Location™ protocol based on activity recorded and exchanged by means of ordinary smartphones or more specialized devices. Platin™incentivizes nodes at scale by means of its own blockchain-based cryptocurrency ‘PTN’. The result is a secure location protocol that is ubiquitous, stackable, reliable, and suited for integration with any business based on location such as supply chain, money and location verifications, LBS-enabled commerce, token geofencing, KYC+AML, and more. Platin’s™ union of secure location and cryptocurrency at the protocol level is disrupting
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