Indorse IND — BNT Token Changer for the Bancor Network
The goal of the Token Changer is to drive liquidity and create a safer exchange mechanism for users of the IND token
By utilizing an IND/BNT Smart token contract we are enabling the Indorse members who are earning or holding IND tokens to more easily exchange for ETH or BNT. People who wish to utilize services on the Indorse platform will also have another mechanism to purchase IND for ETH and BNT.
Indorse will deposit 500,000 IND tokens (worth 500 ETH in the sale) in an IND/BNT token changer and an equivalent value of BNT into the contract.
The transfer will take place after 60 days of the closing of the IND token sale (scheduled to close on September 7 2017, 12pm UTC or when the hard cap is reached), with the final date of the relay is TBD.
Being able to provide liquidity through a smart contract is simply awesome. This enables users to trustlessly convert tokens without the risk experienced with centralized models.
