FLUX, a global, decentralized gaming ecosystem based on blockchain technology, and Bancor, a decentralized liquidity network, announce their strategic partnership.
The Bancor Protocol allows tokens to be converted without the need to match two trading partners. The magic is in the math. Bancor uses simple formula that balances buy orders and sell orders so that every token in the network maintains a formulaic relationship to each other simultaneously. This results in continuous liquidity regardless of trade volume or exchange listings.
“We care about our community,” said Alex Sushko, CEO of FLUX, “and together with Bancor, we provide an efficient and transparent way to exchange instantly a big list of tokens into FLUX directy inside our platform using the Bancor protocol, and feel free to use them to participate in any features that FLUX provides.”
The Bancor network allows users to hold any token and convert it to any other token within the network using a simple web wallet. The user does not need a counter party and prices are calculated automatically. Bancor offers a set of features and technologies that are important and useful for a decentralized platform, thus making this partnership a leap forward for the FLUX ecosystem.
About Bancor
The Bancor Protocol is a new standard for cryptocurrencies called Smart Tokens™, which are autonomously and continuously convertible to other tokens in the network at algorithmically calculated rates. The protocol utilizes “connector” modules, which hold balances of other ERC20 tokens within a smart contract. The Bancor Formula constantly recalculates prices to maintain balance between Smart Tokens and their connectors.
About FLUX
FLUX is a global, decentralized gaming ecosystem based on blockchain technology.
FLUX is a platform for competitive gaming and tournaments, a market for games and in-game items, a platform for streaming games, and a platform for funding game projects. The FLUX economy assumes absolute transparency and the absence of boundaries while using its own FLUX token as the main means of payment within the ecosystem.
Our partners are leading organizations in their respective fields and include: Infopulse, Remme, MoxyOne, Axon Partners, Ambisafe, and Provectus.
The project is hosting an ICO and has already raised $2.3 million, surpassing its soft cap in pre-sales. The development team has already released the Alpha Desktop build in advance of the Token Sale. FLUX invites everyone to test the Alpha build, which includes the game, “Bang!”.
Resources:
Token Sale Website —
Platform Website —
Telegram Official Community —
In less than 5 hours and at 10am Eastern American time, the team at Verge (XVG) will be making an official press release regarding the much anticipated new partnership that they have been able to secure. , who is part of the core team at Verge and the main website developer of the project, is the following on Medium.com:
“This partner owns one of the largest payment processors on the internet with several hundreds of businesses routing their payment traffic through them. The partner is going to be supporting Verge Currency by rolling out a global marketing campaign with continuous marketing effort throughout the year.”
For the partnership to materalize, the Verge project had to raise a cool 75,000,000 XVG to cover the following:
Cost of integrating into the partner’s extensive network of payment gateway and websites
A massive marketing campaign to span the entire globe
International press releases and news coverage
Ledger Nano S and Trezor hardware integration
And so much more
The beauty of the Verge project is the overwhelming support by its community members. This amount was raised in a short time period of 5 days and the Verge Team was very grateful of the efforts by loyal Verge community members .
What remains now is the announcement of the partnership at 10am as to which organization will be sealing the deal with the Verge Project.
that TokenPay might be that mysterious partner. This is hinged on the fact that TokenPay team members and those of Verge had met in Munich back in April 8th this year.
describes itself as a decentralized and self-verifying payment platform project that is based entirely on mathematics. It is designed to enable secure transactions between multiple parties. This aspect of security is in tune with Verge’s mission of offering the most secure transactions that can be on a public ledger or a private one through the user’s invocation of the Wraith Protocol.
But with tens – if not hundreds – of possible companies that fit the bill of the earlier description by San Faas, we might as well have to wait for the announcement to find out.
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