BitClave Partners with Bancor on Smart Tokens

BitClave has announced a new partnership with Bancor to use Smart Tokens across the BitClave Active Search Ecosystem (BASE). BitClave reports it has joined the Bancor network and will become a member of its protocol family. The Consumer Activity Token (CAT) will be using the ERC-20 token standard, compatible with all supported exchanges and wallets, and will now also be automatically convertible to every token in the Bancor network in compliance with the Bancor protocol.

BitClave is a blockchain startups that seeks to eliminate ad service middlemen and create a direct connection between businesses and customers. BitClave is in the process of building a decentralized search engine that helps its users truly find what they are looking for and get compensated every time they search privately for products and services from their favorite brands. The intent is to make third-party advertising networks (IE Google) unnecessary and annoying ads a thing of the past.

“We are very proud to announce this cooperation with Bancor and become a part of its ecosystem. We believe the smart token standard will contribute to the future evolution of our BASE platform, benefiting businesses and consumers with the liquidity and stability that will allow this new ecosystem to flourish from day one,” said BitClave’s founder Alex Bessonov, the former chief security officer of LG Electronics.

Guy Benartzi, co-founder of Bancor, stated;

“We’re incredibly excited about the diversity we’re seeing in the adoption of the Bancor protocol by smart token creators including BitClave. A decentralized search platform with a distributed advertising model is an important application of blockchain technology for the benefit of society.”

In July, BitClave successfully launched a pre-sale of CAT which raised over $1.8 million. The public ICO will be launched in October and will provide opportunity for the public to purchase CATs.

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