StormX, a blockchain-powered adtech and micro-task startup, has announced plans for integrating the Bancor Protocol. The collaboration will allow STORM tokens to be converted to and from Ethereum and other tokens in the Bancor Network.
Guy Benartzi, Bancor co-founder and member of StormX’s board of advisors, commented: “The addition of STORM tokens to the Bancor Network is a great pleasure for us as another step towards autonomous convertibility between all cryptocurrencies. Uptake by useful and high quality projects such as StormX is the best way to create the liquidity network effect the industry so badly needs.”
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Simon Yu, CEO of StormX, said: “StormX is delighted to be the second Smart Token ever to integrate the Bancor Protocol. This collaboration offers unparalleled stability and user experience for STORM tokens, making them infinitely more useful to members of the STORM community. As we quickly approach the start of our crowdsale on November 7th, we feel this collaboration puts the finishing touches on our platform, enabling us to provide our loyal community with the cutting edge and flexible experience they deserve.”
StormX is the creator of Storm Play, a blockchain-based platform that will utilize smart contracts on the Ethereum blockchain to manage gamified micro-tasks between buyers and sellers. Users receive rewards in the form of STORM tokens which they can use to participate in the Storm Play marketplace.
Steven Nerayoff, Esq. LL.M., Alchemist Ventures founder and architect of the Ethereum token sale, added: “Alchemist Ventures is delighted to have brought together the industry leading teams behind Bancor and StormX in what we believe is one of the strongest collaborations in the blockchain space today.”