Root Blockchain Will Be Integrating Bancor Protocol to Provide Token Liquidity for Its Users
NEW DELHI, April 19, 2018 (Newswire.com) - Root Blockchain is thrilled to announce that RBC will be integrating the Bancor Protocol to provide token liquidity for the RBC users. Root Blockchain -the first hybrid blockchain with multiple flexible options. Root Blockchain (RBC) offers BaaS (Blockchain as a Service) to retailers and enterprises. Earlier this week, it was reported that RBC is one of the top 5 ongoing ICO by ICObench with the rating of 4.9/5 and also Root Blockchain released the MVP and Android app.
By integrating the Bancor Protocol, RBC token holders will gain access to continuous liquidity through the Bancor Network, regardless of trade volume or exchange listings. Any integrated token can be automatically converted directly from any Web3 wallet, such as MetaMask, for RBC token holders on the Bancor Network. Currently, integrated tokens include ETH, BNT (the Bancor Network Token), GNO (Gnosis), BNB (Binance) and a long list of announced projects soon to be activated.
“We anticipate having a huge community and massive demand for the RBC token, so it absolutely makes sense for us to provide our users with an easy way to convert tokens,” said Girish Kumar, Co-Founder RBC. “Integrating with Bancor will provide liquidity to everyone who wants to be a part RBC as we build our platform and revolutionize Blockchain industry.”
Root Blockchain: The First Hybrid Blockchain with flexible options for both enterprise and retail customers.
RBC will activate a Relay Token with 3% of its circulating token supply within a week following the successful completion of the Token Sale. Users will be able to purchase and sell RBC tokens directly from any Web3 wallet at a formulaically calculated price.
RBC is the first Hybrid Blockchain with Flexible Options (Blockchain as a Service). As of now, RBC has more than 16 thousand members in the telegram group and almost 30 thousand registered users. And these numbers are still growing exponentially.
About RBC: Root Blockchain employs a unique mechanism to increase the speed of transaction confirmation on the blockchain, while at the same time keeping the costs low. Only digital fingerprints of the actual transaction data are stored in the blockchain. Storage of the actual data itself is optional. If data storage is opted for, RBC provides a separate secure digital vault for encrypted data storage.
RBC offers several business models:
1. Private Blockchain - Customers may choose to have their own dedicated blockchain, where only their transactions will reside.
2. Consortium Blockchain - A private blockchain for two or more parties. Consortiums are ideal for linking customers and vendors.
Secure, encrypted data storage is provided as an optional feature. This is linked to but physically decoupled from the actual blockchain. The entire Root Blockchain offering is wrapped in an API layer which ensures that businesses can easily be up and running in a minimal timeframe.
RBC is especially targeting the travel and education industry which is a 7.6+ trillion dollar industry.
For more information, please visit https://www.rootblockchain.io.
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.
Source: Root Blockchain