World’s first blockchain-based marketplace platform that combines three sectors: e-commerce, crowdfunding, and charity today announced its integration of the Bancor Protocol to provide continuous liquidity for the TRESARO platform. Last week, TRESARO started its private pre-sale ahead of their public sale, and are expecting tens of thousands of TRE trailblazers to participate. TRESARO will activate a Relay Token with 2% of its circulating token supply within the week following the successful completion of the token sale.
A Relay Token holds two connectors of equal weight, one holds a balance in TRE, and one keeps a balance in BNT. This allows TRE token to be convertible with any other token in the Bancor Network, at a calculated price. The higher the balance held by TRE Relay Token’s connectors, the higher its liquidity depth in the Bancor Network, and the lower its price slippage, meaning that larger conversions can take place at expected rates.
“We are excited to see thousands of people and businesses across the globe joining our quest for improving how e-commerce functions while making charity and crowdfunding more transparent. The listings of the TRE token have already been confirmed on multiple exchanges, but we wanted to join a decentralized liquidity network too,” said Javor Ninov, CEO of TRESARO and member of the board of directors at the International Decentralized Association of Cryptocurrency and Blockchain (IDACB). “We are happy to be able to take advantage of the features offered by a project backed by industry evangelists such as Tim Draper.”
TRESARO’s TRE token private sale started last month and had already initiated conversations with interested parties spanning from more than 60 countries across five continents. The public pre-ICO round is planned to begin in August 2018, and the official ICO will start in the first quarter of 2019. TRESARO will start issuing token emissions by the end of March 2019. The online marketplace will begin operating by the end of next year.
An insight to the partners
Founded in Europe in 2017, TRESARO will be the world’s first blockchain-based marketplace platform that combines three sectors: e-commerce, crowdfunding, and charity. The innovative sales, crowdsourcing, and fundraising platform will revolutionize the way people and charities support each other, trade and donate. TRESARO plans to use blockchain to build a global, self-regulating economic marketplace. The project will give new value to otherwise unneeded items via the ERC-20 token TRE. People and businesses will be able to buy and sell goods with the option of donating TRE to their favorite charity or a cause. TRESARO will provide a trust rating to every charity and crowdfunding initiative, even to each user, based on their previous behavior on the platform.
On the other hand, 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.
HedgeThink.com is the fund industry’s leading news, research and analysis source for individual and institutional accredited investors and professionals