Trade.io ‎Enhances Token Capabilities With Integration of Bancor ‎Protocol

Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term startup Trade.io announced a collaboration agreement to integrate Bancor Protocol, allowing for the instant conversion of its Trade Token (TIO) to and from Ethereum ERC20 tokens in the Bancor Network. The integration will expand TIO‎'s capabilities in terms of conversion and functionality.

Discover credible partners and premium clients at China’s leading finance event!

Bancor Protocol is a standard for the creation of Smart Tokens, which refers to crypto assets with built-in convertibility directly through their smart contracts. Bancor Network allows any integrated token to be automatically converted to any other token, directly from any Web3 wallet.

The partnership between Trade.io ‎and Bancor will allow the Switzerland-based to integrate its TIO‎ tokens into the Bancor ecosystem, which will secure deeper Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term for the tokens’ transactions, regardless of trade volume or exchange listings.

The integration of the Bancor-compliant tokens will take place shortly after the conclusion of Trade.io’s ICO.

Jim Preissler, Trade.io CEO, commented: “We continue to deliver to the trade.io community unique value added propositions, and see this relationship with Bancor as a further example. We already have generated a large demand for our community and it’s only logical to provide a simple way to convert tokens.”

Earlier this week, Trade.io announced that its token presale, which is ongoing, had already surpassed $20 million. Following the pre-ICO launch in November, the project hopes to raise ‎‎$135 million to expand the reach of distributed ledger technology to create a truly digital environment for trading blockchain-based financial assets.

The crowdfunding that started less than two months ago has attracted more than 10,000 participants, and in the midst of a successful pre-ICO the startup has passed critical milestones in fundraising.

The platform, which has received financial backing from Chinese billionaire investor Chien Lee, aims to integrate blockchain technology and smart contracts to create a peer-to-peer trading platform for crypto ‎assets. Furthermore, it plans to subsequently introduce forex and CFDs for ‎precious metals, oil, commodities, indices, global equities and more.‎