DEEP AERO, a company that is building an autonomous drone economy powered by AI & Blockchain, has today announced its integration of the Bancor Protocol to provide continuous liquidity for its DRONE tokens.
By integrating the Bancor Protocol, DRONE 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 the Bancor Wallet or any Web3 wallet, such as MetaMask. Currently integrated tokens include ETH, BNT (the Bancor Network Token), GNO (Gnosis), BNB (Binance) and many more projects that will be activated soon.
“We have a huge community and anticipate massive demand for the DRONE tokens, so it absolutely makes sense for us to provide our users with an easy way to convert DRONE tokens as soon as the ICO is finished,” said Gurmeet Singh, CEO of DEEP AERO. “Integrating with Bancor will provide liquidity to everyone who wants to be a part of the drone economy as we build our platform and revolutionize the drone industry.”
DEEP AERO will activate a Relay Token with 2% of its circulating token supply within a week following the successful completion of the Token Sale. Users will be able to purchase and sell DRONE tokens directly from the Bancor Wallet or any Web3 wallet at a formulaically calculated price.
About DEEP AERO
As the world economy heads towards large-scale adoption of Unmanned Aircraft System (UAS)/drones for commercial purposes, the drone industry is grappling with huge challenges. One of the biggest challenge that the drone industry is facing at present is that there is no autonomous system to manage high volume unmanned drone traffic.
DEEP AERO, a global leader in drone technology innovation, is building an AI-driven, autonomous, self-governing, intelligent drone/unmanned aircraft system (UAS) traffic management (UTM) platform on the Blockchain. It is designed to enable safe low-altitude civilian flights of manned and unmanned aircraft in the shared airspace.
About Bancor
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.
https://medium.com/@deepaerodrones/deep-aero-will-integrate-bancor-protocol-to-provide-token-liquidity-for-its-drone-tokens-6230fc412224