LOCIcoin (LOCI), the ERC20 token powering the world’s leading platform for inventors, is now fully integrated and available through the Bancor Network today as of 17:00 UTC +8 or 5:00AM EST.
By integrating with Bancor’s protocol, LOCI users are guaranteed access to continuous liquidity and over 120 direct altcoin trading pairs. Bancor does not require order matching between buyers and sellers to process trades. LOCIcoin will set up a LOCI/BNT token relay that makes LOCIcoin directly convertible into any Bancor Smart Token directly through its smart contract, without the need for a counterparty, providing virtually endless liquidity. Users can exchange LOCIcoin instantly using the Bancor Wallet or any other Web3 wallet, such as Metamask or MyEtherWallet (MEW).
Bancor uses on-chain shared liquidity pools to process trades and on-chain math to receive and dispense assets according to supply (staked to the network) and actual demand in the form of real transactions executed on-chain – rather than what is offered in a traditional order book.
Integration with innovative technologies like Bancor’s is important as LOCI’s platform matures. LOCI’s product suite continues to achieve numerous positive developments. In July, LOCI launched Invention Analysis (IA), a powerful tool that leverages machine learning to instantly provide users with feedback on the novelty of their ideas. LOCI began the busy month of August by participating in Shenzhen, China’s 10th annual IoT Conference and announcing the addition of full access to China’s patent database for increased search and analysis power.
LOCI was founded on the idea that anyone can be an inventor. This aligns well with Bancor Network, a team whose focus on decentralization and the reduction of barriers to entry are a very appropriate fit for LOCI’s own ethos.
Enjoy instant access to LOCIcoin via the Bancor Network today!
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. Visit the Bancor Web App to convert tokens instantly, list your token on the Bancor Network or join the Bancor Telegram group for more information.
More about LOCI
LOCI’s mission is to disrupt the global patent industry, and to change the way the world invents and values ideas. LOCIcoin utility tokens are used exclusively within the LOCI suite of products for the purposes of searching, analyzing, staking and exchanging Intellectual Property.
Interested in protecting, buying and/or selling IP? Follow LOCI:
Interested in crypto and market news? Follow LOCI Nexus: