Utile Network Integrating Bancor Protocol to Provide Token Liquidity for cryptocurrency community.
Utile network (UTL), a new blockchain-based platform that will help over 20 million people worldwide who trade cryptocurrency assets, has today announced its integration of the Bancor Protocol to provide continuous liquidity for the Utile Network Platform. Utile’s platform is to be released at the beginning of September and an ICO starting shortly after.
Utile Network will activate a Relay Token with 1% of its circulating token supply within a week following the successful completion of the Token Sale. Users will be able to purchase and sell UTL tokens directly from the Bancor Wallet or any Web3 wallet at a formulaically calculated price.
About Utile Network
Utile Network is a unified digital workplace for cryptocurrency community — combining analytical and operational tools for investors and influencers in blockchain sector.
Essentially this is an ecosystem for the cryptocurrency community. For investors its a knowledge base, place where they can learn everything about blockchain and cryptocurrencies. Place where they can meet mentors, experts and due to our infrastructure have ability to assess knowledge of theirs. For influencers, it’s a place where they can manage their communities and publish content. We provide multiple solutions and features that will be used daily by wide cryptocurrency audience. Utile is creating something much needed that will create transparent, safe educational and operational environment for blockchain community.
About Bancor
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.
