LiquidEOS announces EOSX Liquidity Network
The Bancor protocol has created over 7000 trading pairs on the Ethereum network, and LiquidEOS is expecting similar results with the launch of the EOSX Liquidity Network on the EOS blockchain.Tweet this
As the result of an ongoing collaboration between the two teams, they have created the first cross-blockchain decentralized liquidity network.
Using the Bancor Protocol, which facilitates smart contracts that provide instant liquidity to all tokens on the network, EOSX will enable users to buy, sell, and trade EOS tokens directly on the blockchain with no deposits, no central servers storing tokens, and no need to pair buyers and sellers.
We see the Bancor Protocol as an elegant solution for liquidity that benefits all token holders by offering a completely new paradigm for value exchange.
–Dan Larimer, CTO Block.one
Bancor is already one of the most popular dApps on the Ethereum blockchain. They currently host over a 100 ERC20 tokens, which creates 7000 trading pairs. The new project will be a replication of this on the EOS network.
Additionally, LiquidEOS has also clarified that users will still be subject to receiving all of the planned EOS airdrops since Bancor does not hold any user funds.
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