XinFin Fintech Pte. Ltd, a Singapore-based Blockchain platform targeting global trade and finance, has integrated with the Bancor Protocol to provide continuous liquidity for the XinFin platform.
XinFin says it has developed a scalable, secure, permissioned and commercial grade hybrid Blockchain architecture by forking JP Morgan’s Quorum. The goal is to bridge the global infrastructural deficit with the marketplace platform TradeFinex.
Earlier this week, XinFin reported it had raised over $1.5 million in their pre-crowdsale before their public initial coin offering. XinFin expects over 40,000 users to join its community after the offerings close.
XinFin explains that by integrating the Bancor Protocol, token holders will gain access to continuous liquidity regardless of trade volume or exchange listings, through the Bancor Network where any integrated token can be automatically converted to any other directly from any Web3 wallet. Currently integrated tokens include ETH, BNT (the Bancor Network Token), GNO (Gnosis), STX (Stox) and a long list of announced projects soon to be activated.
Karan Bharadwaj, Chief Technology Officer at XinFin, said they were excited to integrate the Bancor Protocol which makes it “effortless” for users to convert their tokens.
“this integration, our growing community that has an ever-growing demand for XinFin tokens will be able to trade without addressing drastic price changes because of volatility.”
XinFin said it will activate a Relay Token with 2% of its circulating token supply within the week following the distribution of the XinFin tokens after a successful completion of the Token Sale. Users will be able to purchase and sell XinFin tokens directly from any Web3 wallet at a formulaically calculated price.
XinFin reports that Ramco systems, part of global $1 Billion conglomerate, has chosen XinFin Hybrid Blockchain to deploy blockchain solutions for over 500 clients in Aviation, Supply Chain and HR. XinFin says it is already working with leading global Fortune 500 clients across USA, Europe, Asia and India. It has successfully demonstrated over 10+ pilot projects in Travel, Banking, Supply Chain, Finance, Trade and Aviation.
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