We are excited to announce that AidCoin integrated the Bancor Protocol™ and joined the Bancor Network.
In the wake of our recent business tours, we have had the opportunity to further add to the ease of use and liquidity of our AID tokens, joining other prestigious businesses on the Bancor Network.
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 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 AidCoin users and contributors, this will bring with it the following features and improvements for our AID token:
- continuous liquidity — convert any token at any time, no matter how many buyers or sellers there currently are, regardless of trade volume
- instant conversion between cryptocurrencies and community tokens — all through the simple-to-use Bancor Web App
- no price spread between buying and selling different currencies
- predictable and transparent price slippage
This announcement comes as we are moving our first steps in the AidCoin project, determining a key plan of actions to develop and implement all necessary tools for success.
Take a quick look at the Roadmap to see where AidCoin stands right now.
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