Bancor and Micromoney partnership

MicroMoney Intl. is announcing integration of the Bancor Protocol™ – a standard for the creation of Smart Tokens™, cryptocurrencies which are autonomously convertible directly through their smart contracts. The integration will equip the AMM token with continuous liquidity and formulaic pricing directly through compatible Web3 wallets. Bancor ran a successful token launch in June 2017 and MicoMoney Intl. joins a long and growing list of projects adopting the standard.

Shortly after the AMM token is distributed, MicroMoney will create a Token Relay™ on the Bancor Network™ allowing anyone to convert AMM with ETH, BNT and any other token in the network, easily online. This is made possible by Bancor’s use of “connector” tokens held through smart contracts, which connect tokens together into a decentralized liquidity network. Prices are algorithmically calculated based on buy and sell volumes for every token in the network. These Smart Tokens enable the long tail of user-generated tokens to emerge by allowing new and even lightly traded tokens to be convertible, regardless of or in addition to their listing on exchanges. MicroMoney’s AMM token distribution is currently on-going at Micromoney.io. For more information on Bancor, please visit their site and read the whitepaper.