Auctus Integrating Bancor ProtocolTM to Provide Continuous Liquidity for AUC Token Holders
Auctus, the world’s first blockchain based retirement plan platform, has entered a collaboration with Bancor to provide continuous liquidity for its token holders.
By integrating the Bancor ProtocolTM and joining the decentralized liquidity network, AUC tokens will be available in the Bancor Web App along with BNT (the Bancor Network Token™), STORM, OMG (OmiseGO), and a long list of partners using the Bancor Protocol. All the integrated tokens can be automatically converted to any other using MetaMask.
Auctus will activate a Token Relay™ with around 1% initially of its circulating token supply (exact percentage will depend on the ETH/USD rate and amount raised) within two weeks following the successful completion of the Token Sale.
“The global community using the Auctus Platform will use AUC tokens as the only platform currency to trade products and services within the platform”, said Raphael Vantroost, CEO at Auctus. “We are partnering with Bancor to provide our users with an easy way to convert tokens and to be prepared for future exchange listings.”
The Auctus Platform is a global smart contract-based retirement and goal-based saving platform with specialized portfolio management services for traditional equity and bond investments, as well as cryptocurrency investments. The platform provides the user an aggregated view of all retirement savings, from government regulated IRA/401k plans, voluntary traditional retirement plans, as well as crypto wallets. Auctus’ mission is to put retirement savers back in control of their retirement plan by providing the information needed to make well-informed decisions and using blockchain to increase transparency and automation. Auctus offers robo advisory, transparency, automation and record keeping, as well as a marketplace that allows the retirement community to come together without middlemen.
The 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.
Images courtesy of Auctus