At the end of March 2018 Bigbom announced its membership in the Bancor Network.
What does it mean for Bigbom?
Membership in the Network means that Bigboms BBO ERC20 token is now integrated with the Bancor Protocol.
Please, tell more about the Bancor Protocol!
The Bancor Protocol is a standard for the creation of Smart Tokens; cryptocurrencies with built-in convertibility through smart contracts. Bancor utilizes an innovative token connector method to enable formulaic price calculation and continues 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.
Furthermore, membership in the Bancor Network will enable Bigboms decentralized application (DApp) to offer the possibility of payments backed by continuous liquidity to users.
How does DApp work?
The DApp is a smart contract that allows advertisers and publishers to take advantage of multiple advertising models including CPC, CPM, and CPA.
What other benefits from a partnership with Bancor?
Integrating with the Bancor Protocol will enable the BBO utility token to connect with any other token in the Bancor Network at a continuously formulated price. This will make it possible to convert BBO into any other token in the Bancor Network.
The Bancor Network will also convert tokens at continuously calculated prices; regardless of volume, outside of traditional exchanges.
The Bigbom DApp is designed to make advertising more efficient and secure by offering a smart-contract solution that can be used with a number of multi-channel advertising models; including CPC, CPM, and CPA. The Smart Contracts will form the basis of the Bigbom ECO decentralized advertising ecosystem.
Bigboms Smart Contracts are designed to offer fast and seamless connectivity between advertisers, publishers, and ad channels. Through its integration with Tomochain; and Bancor, Bigbom should be able to offer near-zero transaction fees, faster confirmation times, and a larger transaction capacity than competing Ethereum-based solutions.
