Thanks to the Bancor Protocol, Varanida users will be able to use their VAD ERC-20 tokens across a wide variety of applications, making the whole process frictionless for the user.
VAD tokens will be available after our Token Generation Event.
The Bancor Network is a decentralized liquidity network that allows users to convert between any two ERC-20 tokens at an automatically calculated price, with no counterparty, creating built-in liquidity. Bancor had one of the largest ever Token Generation Event, raising over $150 million thanks to a huge community of users, an ever-growing network of integrated tokens, and proven tech that actually works.
“Integrating Bancor is an amazing opportunity, and helps Varanida get one step closer to enabling seamless adoption of blockchain technology for common users. When applied to the Verified Ad Protocol, the Bancor Protocol will allow users to make transactions, such as signing up for a digital content membership or buying a product on an e-commerce store, directly with VAD tokens, while using the most stable and ideal blockchain for such usage: Ethereum. The Bancor Protocol will be one of the first Proof of Concepts for Varanida’s application, and will help bring liquidity to all VAD owners.” Anji Ismaïl, CEO of Varanida
How The Bancor Protocol Enables Frictionless VAD Transactions
One example of how Varanida users will benefit from the Bancor Protocol is when they use VAD to access premium content. When a Varanida Extension user subscribes to a publication, such as gaining access to a site’s premium content for 1 month, this anonymous transaction is made on the Ethereum blockchain.
Varanida will activate a Relay Token within the few weeks following the successful completion of the Token Sale.
Working Towards A Decentralized, Fair, and Transparent Advertising
Varanida’s Verified Ad Protocol enables digital advertising transparency, providing better performance for advertisers and more revenue for publishers, while giving users control over their data. The first application of the VAD Protocol is Varanida’s Browser Extension, which rewards users with “Verified Ad” tokens (VAD) each time they block intrusive advertising and scripts on the web.
Varanida’s goal is to build a better Internet, which will be more respectful of attention and privacy. To pursue that mission, we need funding, along with support from a like-minded community, which is why we are raising funding through a Token Sale. If you believe in the potential of a better Internet, we invite you to participate!
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 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.
If you would like to find out more about Varanida mission and vision, please make sure to download our White Paper and follow our journey: