Blockchain-powered ad-tech platform StormX announced this week it plans to integrate Bancor Protocol, a standard for autonomously convertible blockchain cryptocurrencies and Smart Tokens.
The partnership allows STORM tokens to be converted to and from ETH and other tokens in the Bancor Network directly from a web application.
STORM’s public token sale begins Nov. 7.
The Bancor protocol enables Smart Tokens to be purchased or sold through the tokens’ smart contracts without counterparty.
“The addition of STORM tokens to the Bancor Network is a great pleasure for us as another step towards autonomous convertibility between all cryptocurrencies,” Bancor cofounder and StormX advisory board member Guy Benartzi said.
“Uptake by useful and high-quality projects such as StormX is the best way to create the liquidity network effect the industry so badly needs.”
“StormX is delighted to be the second Smart Token ever to integrate the Bancor Protocol,” StormX CEO Simon Yu said.
“This collaboration offers unparalleled stability and user experience for STORM tokens, making them infinitely more useful to members of the STORM community. As we quickly approach the start of our crowdsale on Nov. 7, we feel this collaboration puts the finishing touches on our platform, enabling us to provide our loyal community with the cutting edge and flexible experience they deserve.”