Utile Network and Bancor Protocol Integration Set for September with Liquidity for Tokens
Utile Network Set For September Release Will Integrate The Bancor Protocol As A Link For Token Liquidity!
Utile Network (UTL), set for release on September 2018 today announced that it will be integrating the Bancor protocol within its infrastructure. The blockchain project which targets the over 20 million crypto traders market made this move to improve its liquidity prospects within the UTL platform. An Initial Coin Offering for the UTL network token is expected to follow shortly after its release next month!
The Utile Network plans on activating 1% of its circulating supply within the first week to act as Relay token upon completing the token sale successfully. Consecutively, users will be able to use the Bancor & Web3 wallets for purchasing and selling of UTL tokens within a formulaically price.
The Utile Network
Utile Network falls among the modern digital spaces for idea generation within the cryptocurrency arena. The platform creates an environment that brings together various players contributing to the growth of blockchain & cryptocurrencies as of now. This is through the combination of analytics and tools of operation that make sense to the crypto community and investors.
Ideally, the UTL experience is expected to cater for the needs of the whole crypto community; content creators and investors for example. Crypto investors will have the chance to interact with content and experts to sharpen their knowledge on blockchain and crypto coins. In addition, they will also get to interact with mentors and other experienced figures who can offer investment advice. Influencers will get the chance to mobilize their crypto communities and push their content for public consumption.
Since the inception of Bitcoin, much progress has been made in development as a result of sharing ideas. The Utile Network has an architecture designed to bring together content and people within the blockchain community, creating a reliable and safe development space.
The ‘Bancor Protocol’ used as a standard for creating Smart tokens is quite advanced in features. This protocol has in-built convertibility within its smart contract infrastructure thus suitable for the soon to be released Utile Network. What this means is that Bancor can be able to improve the efficiency in calculating price through a formulaic and ensure liquidity flow for the integrated digital coins with minimal P2P exchange. Basically, the smart tokens link to create liquidity networks that can support the created crypto coins to survive.