CargoCoin, a transport & logistics blockchain platform that will facilitate the sea freight, inland transportation and air cargo companies, announced its integration of the Bancor Protocol to provide continuous liquidity for the CargoCoin platform.
CargoCoin is designed to be a smart contract, crypto currency platform, decentralising global trade and transport. The platform target is to facilitate and optimise the interaction amongst traders, freight forwarders, shipping lines, booking agents as well as all other parties involved in the international trade and transport of commodities and cargoes. The platform users experience outlines well-balanced ecosystem based on cutting edge crypto security and frictionless interaction.
By integrating the Bancor Protocol, CRGO 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 or MyEtherWallet (MEW).
Currently integrated tokens include ETH, BNT (the Bancor Network Token), GNO (Gnosis), BNB (Binance Token) and a long list of announced projects soon to be activated.
CargoCoin has a growing community supporting the platform and the CRGO token, which will greatly benefit from the Bancor Protocol integration of CRGO, providing liquidity to participants of CargoCoin and the demand for CargoCoins in the future. CargoCoin will activate a Relay Token with 0.1% of its circulating token supply within a week following the successful completition of the CargoCoin sale. Interested parties will be able to purchase and sell CRGO tokens directly from their Bancor Wallet or any other Ethereum based wallet, supporting ERC20 or ERC223 tokens. As the demand of CargoCoin tokens increases in the future, so will increase the supply of the Relay Token on the Bancor Network.
CargoCoin objective is to provide a global marketplace environment and utilities for facilitation of trade, transport, exchange of electronic documents and payment options through blockchain at the fraction of the current cost in near real time. The platform architecture is based on the principles of high level of security, transparency, traceability and accountability. It is set up in a way that the participants can take advantage of any part of it alone, or in combination with other sections. It can be used as a very simple platform or as a complex smart contract utility with various payment options. The link between physical trade and transport with online crypto technologies delivers the opportunity for implementation of a large-scale project and allows for further expansion. Detailed information about CargoCoin is available in various languages at https://thecargocoin.com
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.