Blockchain-backed Data Platform, Streamr Joins the Bancor Network for Decentralized Liquidity
Integration will grant Streamr DATA holders access to continuous and autonomous liquidity
Zug, Switzerland - May 11, 2018 (Investorideas.com Newswire) Streamr, the blockchain-backed data platform, today announced the integration of the Bancor Protocol, a standard for autonomously convertible blockchain cryptocurrencies, to offer inter-chain liquidity to Streamr DATAcoin holders via Bancor's Smart Tokens™.
By integrating the Bancor Protocol, Streamr DATA 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 another directly from the Bancor Wallet or any Web3 wallet.
Streamr CEO Henri Pihkala said, "Integrating the Bancor protocol is another stamp of approval for our vision, mission, and technology. In line with our community-driven approach, today's announcement will ultimately make it easier for our users to exchange DATA tokens, with the security of continuous and autonomous liquidity."
Streamr provides a single interface for real-time data delivery and payment, bringing together buyers and sellers. By using Streamr's cryptographic token, DATA, it is possible to make data streams around the globe freely tradeable. The Streamr Engine is the high-performance analytics engine that aggregates, filters, and combines raw data with additional data to extract value.
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 compliant tokens, without needing to match two parties in an exchange.
For more information visit www.streamr.com.
Streamr CEO Henri Pihkala is available for interview
Streamr, the technology stack for real-time data, aims to tokenize the value in data by enabling a new way for machines and people to trade it on a decentralized P2P network. Founded in 2017 by Henri Pihkala, Nikke Nylund and Risto Karjalainen, Streamr offers scalable, low-latency, and untamperable data delivery and persistence in an effort to overcome the limitations of traditional centralized real-time data platforms.
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.
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