Blockchain Development Company (BCDC) today announced they will be joining the Bancor Network. Bancor Protocol will ensure BCDC Tokens have immediate and continuous liquidity and engagement with the Ethereum token ecosystem. BCDC is currently in a live Pre-Sale with a Token Sale next.
BCDC is currently the only blockchain company to be an Enterprise Ethereum Alliance member to release two working Ethereum-based projects straight after their token sale. Blockchain Development Company has joined an expanding group of pioneering projects integrating the Bancor Protocol to maximize the trading liquidity of BCDC tokens sold as part of its upcoming token sale.
The Bancor protocol technology solves the economic problem known as ‘Double Coincidence of Wants’ — where a seller of a set number of tokens must find buyers wanting the same number of tokens — at the same time — in order for a trade to take place. This is traditionally achieved through matching buyers and sellers in exchanges, and now can be executed automatically, directly on the blockchain, thanks to Bancor Protocol smart contract technology.
Bancor’s smart contracts utilize a “connector” token method which will allow BCDC tokens to automatically convert to BNT, ETH and any integrated token in the liquidity network, according to an open-source algorithmic pricing mechanism. These conversions take place directly between smart contracts, outside of exchanges. Bancor ran a record-breaking token sale in June, collecting over $150 million for the project in under three hours.
Blockchain Development Company intends the release of many projects which will have both an environmental and humanitarian positive impact.
The BCDC team stated:
“We believe in the Bancor team, vision and product. This integration will further our intention to create new value for everyone and for all others in the network. Additional exposure through the network and its participants will benefit the BCDC community who will also enjoy continuous convertibility and relative price stability.”