Utile network (UTL), a fresh blockchain-dependent platform which aims to help more than 20 million worldwide crypto traders has decided to integrate the Bancor (BNT) Protocol to ease liquidity issues.
While Utile network is going to be unleashed around September, the platform aims to release its ICO afterward.
After its token sale is complete, Utile network will release a Relay Token using one percent of its tokens in circulation.
Through the Bancor wallet or Web3 Wallet, enthusiasts of Utile Network (UTL) will buy and sell UTL tokens directly using Bancor exchange formulaically calculated price.
Regarded as a unified cryptocurrency digital environment, Utile Network (UTL) combines operational and analytical gadgets needed by influencers and investors in the blockchain realm.
It is going to be a dependable platform for the crypto society. Investors will see the platform as a seat of knowledge, where they learn, unlearn, and relearn when necessary.
However, influencers will regard it a place where there published contents and communities are managed without hindrances.
Bancor (BNT) In The Market.
Bancor seats at the 77th position in the table of the cryptocurrency market according to market cap.
As at the Press Time, Bancor (BNT) maintains a price of $1.73 against Dollar after rising with an added value of 1.91% in the last 24 hours according to Coinranking.
Ever since the launch of the cryptocurrency, its all-time high price is $9.89, a value it achieved in June 2017.
The total market cap of the altcoin stands as $91.32, with 24hrs trade volume of $3.05 while the total supply equals 79.32 million BNT.
Comparing the circulating supply of the altcoin which is 52.76 million BNT to the total supply, only 67% of the Cryptocurrency is in circulation for use.
Bancor, the ERC20 utility token with a protocol the provides support to the illiquidity in the Cryptocurrency market, uses smart token to allow easy conversion of ERC20 tokens to any other ERC20 token at algorithmically calculated rates.
Image Credit: Medium.