HydroMiner, the Austrian green mining company, has joined the Bancor network and will setup a Bancor token changer BNTH2O.
The team behind Bancor have developed a ground-breaking protocol for providing liquidity to tokens on the Ethereum blockchain through the use of currency reserves.
Market participants will always be able to liquidate or purchase Hydrominer’s H2O tokens without having to find a counterparty to buy or sell the tokens.
HydroMiner will deposit 1% of its ICO proceeds into a Bancor token changer smart contract.HydroMiner expect the Bancor token changer will be operational within 30 days of the closing of the token sale.
Being able to provide liquidity through a smart contract is a major advantage for HydroMiner investors. This enables them to convert tokens without the risk experienced with centralized models.
“We are delighted to be a part of Bancor’s ecosystem. We share Bancor’s vision of decentralized markets and strongly believe that this cooperation will open great opportunities to both our communities”, said Nadine Damblon, CEO of HydroMiner.
HydroMiner is the green crypto mining company. Using hydro power stations in the Austrian Alps, they reach energy prices up to 85% lower than the European average. With its upcoming token sale, HydroMiner will expand operations and allow investors to profit from eco-friendly, state-of-the-art mining.
The HydroMiner pre-sale starts September 25th and the main token sale is scheduled for October 3rd.