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Press Release
Published March 07, 2018
View complete press releases list

XinFin integrates the Bancor Protocol, provides token liquidity to XDCE community

Date: March 07, 2018
Categories: Financial Technology, Technology, technology, Transaction Banking
Keywords: Xinfen, blockchain


XinFin Fintech Pte. Ltd, a Singapore-based Blockchain Technology platform focused on international trade and finance, has announced an integration with the Bancor Protocol to provide continuous liquidity for the XinFin platform. Earlier this week, it was reported that XinFin raised over 1.5 million in their pre-crowd sales before their ongoing crowd sale and are anticipating over 40000 users to join its community after ongoing crowd sales.

By integrating the Bancor Protocol, XinFin token holders will gain access to continuous liquidity regardless of trade volume or exchange listings, through the Bancor Network, where any integrated token can be automatically converted to any other directly from any Web3 wallet, such as MetaMask. Currently integrated tokens include ETH, BNT (the Bancor Network Token), GNO (Gnosis), STX (Stox) and a long list of announced projects soon to be activated.

“We are really excited to integrate the Bancor Protocol which will make it effortless for our users to convert their tokens, providing them with continuous liquidity. With this integration, our growing community that has an ever-growing demand for XinFin tokens will be able to trade without addressing drastic price changes because of volatility,” said, Karan Bharadwaj, Chief Technology Officer, XinFin.

XinFin will activate a Relay Token with 2% of its circulating token supply within the week following the distribution of the XinFin tokens after a successful completion of the Token Sale. Users will be able to purchase and sell XinFin tokens directly from any Web3 wallet at a formulaically calculated price.

XinFin is a Blockchain technology company that has built Hybrid Blockchain and solutions for international trade and finance. XinFinblockchain is powered by XDC01 protocol where underlying XDC tokens can be traded against FIAT currencies or other crypto-currencies like bitcoin, ripple, bitcoin cash etc and will also act as an underlying settlement mechanism.

XinFin launched the TradeFinex platform at the Digital Asset summit organized by Assocham (www.assocham.org) in asia and extended the platform to over 450,000 participating enterprise members. Ramco systems, part of global $1 Billion conglomerate has chosen XinFin Hybrid Blockchain to deploy blockchain solutions for 500+ of its clients in Aviation, Supply Chain and HR. XinFin is already working with leading global fortune 500 clients across USA, Europe, Asia and India. It has successfully demonstrated over 10+ pilot projects in Travel, Banking, Supply Chain, Finance, Trade and Aviation. The upcoming major global expansion includes Canada, USA, Middle East and Sri Lanka, with details to be announced in the coming weeks.

Re-disseminated by The Asian Banker

 

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