Coupon Chain Integrating Bancor Protocol to Provide 'Continuous' Token Liquidity
Press Release | Hong Kong | September 13, 2018
Coupon Chain Token (CCT), a new blockchain token-based coupon platform that allows merchants worldwide to issue, distribute and redeem digital coupons, has today announced its integration of the Bancor Protocol to provide continuous liquidity for the Coupon Chain Token platform. At the end of last month, it was reported that CCT has launched its token generation event.
By integrating the Bancor Protocol, CCT 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 the Bancor Wallet or any Web3 wallet, such as MetaMask. Currently integrated tokens include ETH, BNT (the Bancor Network Token), GNO (Gnosis), BNB (Binance) and a long list of announced projects soon to be activated.
“We anticipate having a huge community and massive demand for CCT, so it absolutely makes sense for us to provide our users with an easy way to convert tokens,” said Dicky Ying, CEO Coupon Chain. “Integrating with Bancor will provide liquidity to everyone who wants to be a part of CCT as we build our platform and revolutionize the coupon industry.”
CCT will activate a Relay Token with 2.77% of its circulating token supply, an estimate of US$2.5 million, within a week following the successful completion of the Token Sale. Users will be able to purchase and sell CCT directly from the Bancor Wallet or any Web3 wallet at a formulaically calculated price.
CCT is the creation of Mezzofy Group, the leading player in the world for digital coupon industry. Mezzofy Coupon Platform is now used by merchants worldwide to issue their own coupons. Taking the biggest client in Hong Kong as an example, this catering enterprise alone has issued more than 200,000,000 digital coupons with the Mezzofy Coupon Platform for roughly 100 brands under its custody. The platform processes a coupon transaction every second and the capacity can handle 90,000 transactions per minute at maximum. As of April 2018, as many as 15,000 people have downloaded Mezzofy applications. Users come from 50 countries around the world, with the majority from the US, Hong Kong, China and Asia.
About Coupon Chain Platform and CCT
Mezzofy presents Coupon Chain an all-in-one solution delivering total ease of managing the full cycle (creation / distribution / redemption) and ownership of digital coupons using blockchain on Mezzofy’s Coupon Platform. Coupon Chain helps businesses engage their customers (B2C / B2B), helps marketers enhance their marketing campaigns, and helps customers enjoy the offers from the coupon and claim rewards after redemption. In addition, Coupon Chain is an open source tool for developers. It brings everything that is needed to create, distribute and manage coupons onto one powerful platform. The native Coupon Chain Token, or CCT, is the key that unlocks the benefits of the system, facilitating faster payment for every party to the transaction, establishing strong brand loyalty between merchants and consumers and considerably enhancing the user experience for all. For more information, please visit https://www.coupon-chain.org/.
About Bancor Network
Bancor Protocol is a standard for the creation of Smart TokensTM, 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 integrated tokens, without needing to match two parties in an exchange. Smart Tokens interconnect to form token liquidity networks, allowing user-generated cryptocurrencies to thrive. To convert tokens instantly, visit the Bancor Web App or join the Bancor Telegram group for more information.Back