Elementh is now expanding frontiers of its usability, empowering users to employ the offered tokens in numerous applications. Elementh has joined the Bancor Network, making operations with its tokens more flexible and expedient. At the same time, the tokens themselves become more convertible and can bring more advantages for their holders.
Integration into the Bancor Network will provide continuous liquidity for the Elementh tokens, giving TGE participants an option to easily convert their EEE to ETH, BNT, or other tokens, following the TGE.
Bancor’s conversion scheme is based on an innovative connector method, allowing tokens to be interconnected through automatically calculated prices. Generally speaking, Bancor is a decentralized liquidity network where users can easily convert any integrated token at an automatically calculated price, without the need to match buyers and sellers, using the Bancor Wallet or any Web3 wallet wallet.
EEE will join the the Bancor Network immediately after the end of the Elementh TGE.
The Bancor Protocol is a standard for the creation of Smart TokensTM, 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.