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Blockchain-backed Data Platform, Streamr Joins the Bancor Network for Decentralized Liquidity

Blockchain-backed Data Platform, Streamr Joins the Bancor Network for Decentralized Liquidity

Integration will grant Streamr DATA holders access to continuous and autonomous liquidity

Streamr, the blockchain-backed data platform,today announced the integration of the Bancor Protocol, a standard for autonomously convertible blockchain cryptocurrencies, to offer inter-chain liquidity to StreamrDATAcoin holders via Bancor’s Smart Tokens™.

By integrating the Bancor Protocol, Streamr DATA 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 another directly from the Bancor Wallet or any Web3 wallet.

Streamr CEO Henri Pihkala said, “Integrating the Bancor protocol is another stamp of approval for our vision, mission, and technology. In line with our community-driven approach, today’s announcement will ultimately make it easier for our users to exchange DATA tokens, with the security of continuous and autonomous liquidity.”

Streamr provides a single interface for real-time data delivery and payment, bringing together buyers and sellers. By using Streamr’s cryptographic token, DATA, it is possible to make data streams around the globe freely tradeable. The Streamr Engine is the high-performance analytics engine that aggregates, filters, and combines raw data with additional data to extract value.

The 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 compliant tokens, without needing to match two parties in an exchange.

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