QURREX Integrating Bancor Protocol to Provide Token Liquidity for Crypto Currency Buyers
We are now announcing the integration of the Bancor Protocol to provide continuous liquidity for Qurrex ’s Hybrid D(C)EX platform.
By integrating the Bancor Protocol, Qurrex (QRX) token holders will gain access to continuous liquidity regardless of trade volume or exchange listings, through the Bancor Network, where any integrated token can be automatically and directly converted to any other. Currently, integrated tokens include ETH, EOS, TRX, BNT (the Bancor Network Token), GNO (Gnosis), BNB (Binance), and a long list of announced projects soon to be activated.
MATTHIJS JOHAN LEK, Founder and CEO
“We anticipate having a huge community and massive demand for the QRX token, so it absolutely makes sense for us to provide our users with an easy way to convert tokens,” said Matthijs Johan Lek. “Integrating with Bancor will provide liquidity to everyone who wants to be a part of Qurrex as we build our platform.”
Bancor is a decentralized liquidity network based in Zug, Switzerland. It completed a historic Token Generation Event in June 2017. Bancor aims to unlock the long tail of user-generated currencies by solving the liquidity challenge, allowing any token to be instantly convertible to any other at continuously calculated prices, regardless of volume and outside of traditional exchanges.
Tokens integrate the Bancor Protocol to join the Bancor Network. The Bancor Protocol utilizes a “connector” method which networks connected tokens together through formulaically calculated prices, without needing to match buyers and sellers.
Qurrex will activate a Relay Token on the Bancor Network with $200,000 of QRX and $200,000 of BNT within a week following the successful completion of the Token Sale. Users will be able to buy and sell QRX tokens with any other token in the Bancor Network at a formulaically calculated price.
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.
Qurrex, initiated in November 2016, has integrated industrial-grade infrastructure of traditional stock exchanges with a decentralized blockchain network. The team behind Qurrex includes seasoned professionals with expertise in investment banking, stock exchange infrastructure development, and business development. Netherlands-based CEO Matthijs Johan Lek leads it. Matthijs Johan Lek has had over twenty years of experience in finance and investment banking and leading financial institutions. His team includes knowledgeable traders and consultants with significant roles in the cryptocurrency community as well as accomplished architects and experts of traditional stock exchanges from various countries.