Opporty’s Integration With Bancor Offers Token Liquidity to Opporty Users
Opporty, a complete ecosystem with a decentralized service marketplace and a self-regulated knowledge-sharing community platform, has a new partner — Bancor. Now Opporty will be able to offer its users continuous and autonomous liquidity via the fast growing decentralized liquidity network.
Opporty is an innovative blockchain platform that was developed as a solution for everyday problems of small- and mid-sized businesses. Among the most severe challenges businesses face are marketing, building a reputation, new client acquisition and establishing trust between contracting parties. The platform helps businesses of smaller scope focus more on business development and less on factors that hinder it. Moreover, Opporty is a complete Ethereum-powered ecosystem with its own tokens and smart contract functionality.
Bancor helps solve the liquidity challenge for cryptocurrencies by networking them to each other via automated smart contracts which allow conversion between any token in the network directly on chain. The Bancor Protocol is a breakthrough technology that allows even small capitalization currencies to achieve liquidity by using the Smart Token™ standard. Smart Tokens™ are a new type of cryptocurrency that is autonomously and continuously convertible to other cryptocurrencies at algorithmically calculated prices.
Opporty will integrate the Bancor Protocol and join the Bancor Network, providing continuous liquidity for OPP tokens, regardless of trade volume and exchange listings. Any holder of the OPP token will be able to convert the token into any other token that has already joined the network, directly through popular Web3 wallets. Currently, more than 40 projects have already announced adoption of the Bancor Protocol.
Says Sergey Grybniak, Founder of Opporty: “This is great news for the community that OPP is joining the Bancor Network. OPP token convertibility and liquidity is key to great user experience, and the solution offered by Bancor is brilliant. Opporty is proud to become a part of the network, and to present another token for conversion.”
Opporty will activate a Token Relay with 2% of its circulating token supply during the week following the distribution of OPP tokens, after a successful completion of the Token Sale. The partnership with Bancor represents a significant technical upgrade for Opporty, which offers its users an environment with decentralized liquidity without the involvement of third parties in the conversion process. You can join the Opporty community here.
About Opporty
Opporty’s ecosystem combines features of a decentralized service marketplace and a self-regulated knowledge-sharing community platform. By offering blockchain-powered smart contracts and a decentralized Escrow system, Opporty puts client-contractor relations on the blockchain, providing contracting parties with a safe and resilient environment to conduct business. For more information, please visit https://opporty.com/.
About Bancor
Bancor Protocol is a standard for the creation of Smart Tokens™, cryptocurrencies with built-in convertibility through smart contracts. It utilizes an innovative token “Connector” method to enable formulaic price calculation and continuous liquidity for all compliant tokens, without needing to match two parties in an exchange. Smart Tokens interconnect to form token liquidity networks, allowing user-generated cryptocurrencies to thrive. For more information, visit their website at https://www.bancor.network/ and read the Bancor Protocol White paper.