Hong Kong — March 2018 — GES, a hybrid eCommerce ecosystem for pre-owned and refurbished electronics with a blockchain powered marketplace, is announcing an integration with the Bancor Protocol to provide continuous liquidity to GES token holders.
Bancor is a decentralized liquidity network that offers continuous liquidity to tokens, regardless of trade volume or exchange listings. Integrated tokens are instantly convertible for one another on the Bancor Network. ETH is one of many integrated tokens that are currently live on the Bancor Network, making it simpler for GES token holders to sell their GES for ETH after a purchase.
“We are happy to announce the integration of the GES token with the Bancor Protocol and join its Network, to provide more benefits for our GES token holders,” Yuen Wong, CEO of GES, said. “The Bancor Network will provide liquidity for all our users.”
GES will activate a Relay Token with 2% of its circulating token supply within a week after the successful conclusion of the GES token sale. On the Bancor Network, GES token holders will be able to buy and sell GES tokens directly from any of the supported Web3 wallets at a formulaically calculated price.
GES has started its public token sale, and is currently working on its blockchain platform that is developed on the Origin Protocol, to launch the blockchain powered eCommerce marketplace.
Galaxy eSolutions (GES) is a hybrid eCommerce ecosystem on blockchain in the multi-billion pre-owned and refurbished market. Operating as an ecosystem and incorporating the hybrid P2P Blockchain platform onto one of the marketplaces for phone trade-in that has a direct C2B and B2B model. This blockchain will be used for recording details of the goods, the logistics and transactions. It will reduce inefficiencies caused in the supply chain, and resolve any supplier credibility issues. Using blockchain technology for operating in global markets, it makes purchasing consumer electronics faster and safer. For more information, please visit https://galaxy-esolutions.com/.
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.
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