BitClave Announces Partnership with Bancor

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BitClave is partnering with Bancor to use Smart Tokens across the BitClave Active Search Ecosystem (BASE). BitClave has joined the Bancor network and will become a member of its protocol family. The Consumer Activity Token (CAT) will be using the ERC-20 token standard, compatible with all supported exchanges and wallets, and will now also be automatically convertible to every token in the Bancor network in compliance with the Bancor protocol.

BitClave is a startup company using blockchain to eliminate ad service middlemen and create a direct connection between businesses and customers. BitClave is building a decentralized search engine that helps its users truly find what they are looking for and get compensated every time they search privately for products and services from their favorite brands, making third-party advertising networks unnecessary and annoying ads a thing of the past.

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On the BitClave Active Search Ecosystem, customers exercise full control over their identity, deciding who has access to their data while earning CATs each time businesses use their data to make them offers. Through this platform, businesses can serve personalized, relevant offers directly to users who have already expressed interest in their products and services, significantly increasing their return on advertising spending. The initial vision for the BASE and CAT is based on Ethereum technology—an open source, blockchain-based, distributed computing platform which utilizes smart contracts.

Bancor enables the easy creation of smart tokens, which allow for newly embedded functionality into cryptocurrencies. With the ability to hold other tokens in reserve and to be traded directly with their own smart contracts, as opposed to any counter-party or in exchanges, smart tokens can instantly be converted for tokens of all types on the network, enhancing liquidity and facilitating usage-driven and algorithmic price calculation. Smart tokens and their holders benefit from continuous liquidity and increased stability thanks to their automated, built in market maker and algorithmically calculated prices.

“We are very proud to announce this cooperation with Bancor and become a part of its ecosystem. We believe the smart token standard will contribute to the future evolution of our BASE platform, benefiting businesses and consumers with the liquidity and stability that will allow this new ecosystem to flourish from day one,” said BitClave’s founder Alex Bessonov, the former chief security officer of LG Electronics.

“We’re incredibly excited about the diversity we’re seeing in the adoption of the Bancor protocol by smart token creators including BitClave. A decentralized search platform with a distributed advertising model is an important application of blockchain technology for the benefit of society,” said Guy Benartzi, co-founder of Bancor.

In July, BitClave successfully launched a pre-sale of CAT which earned over $1.8 million, demonstrating high engagement from the user base. The full sale will be launched in October and will provide opportunity for the public to purchase CATs and be part of the first wave of users on the innovative BitClave Active Search Ecosystem.

To learn more about BitClave and participate in the crowdsale, please visit the website at  www.bitclave.com

About Richard Kastelein

Founder and publisher of industry publication Blockchain News (EST
2015), a partner at ICO services collective Token.Agency
($750m+ and 90+ ICOs and STOs), director of education company
Blockchain Partners
(Oracle Partner) and ICO event organiser
at leading industry event CryptoFinancing (Europe's first ICO event now
branded Tokenomicon)
– Vancouver native Richard Kastelein is an award-winning publisher,
innovation executive and entrepreneur. He sits on the advisory boards
of some two dozen Blockchain startups and has written over 1500
articles on Blockchain technology and startups at Blockchain News and
has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat.  Irish Tech News put him in the top
10 Token Architects in Europe.

Kastelein has an Ad Honorem - Honorary Ph.D. and is Chair Professor of
Blockchain
at China's first Blockchain University in Nanchang
at the Jiangxi Ahead Institute of Software and Technology. In 2018 he
was invited to and attended University of Oxford's Saïd Business School
for Business Automation 4.0 programme. Chevalier (Knight) - Ordre des
Arts et des Technologies at Crypto Chain University and an Advisory
Board Member of International Decentralized Association Of
Cryptocurrency And Blockchain (IDABC) as well as Advisory Board Member
at U.S. Blockchain Association. Over a half a decade experience judging
and rewarding some 1000+ innovation projects as an EU expert for the
European Commission's SME Instrument programme as a startup assessor
and as a startup judge for the UK government's Innovate UK division.

Kastelein has spoken (keynotes & panels) on Blockchain
technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels,
Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki,
London (5x), Manchester, Minsk, Nairobi, Nanchang, San Mateo, San
Francisco, Santa Clara (2x), Shanghai, Singapore (3x), Tel
Aviv,  Utrecht, Venice,  Visakhapatnam, Zwolle and
Zurich.  His network is global and extensive.

He is a Canadian (Dutch/Irish/English/Métis) whose writing career has
ranged from the Canadian Native Press (Arctic) to the Caribbean
& Europe. He's written occasionally for Harvard Business
Review, Wired, Venturebeat, The Guardian and Virgin.com, and his work
and ideas have been translated into Dutch, Greek, Polish, German and
French. A journalist by trade, an entrepreneur and adventurer at heart,
Kastelein's professional career has ranged from political publishing to
TV technology, boatbuilding to judging startups, skippering yachts to
marketing and more as he's travelled for nearly 30 years as a Canadian
expatriate living around the world. In his 20s, he sailed around the
world on small yachts and wrote a series of travel articles called,
"The Hitchhiker's Guide to the Seas' travelling by hitching rides on
yachts (1989) in major travel and yachting publications. He currently
lives in Groningen, Netherlands where he's raising three teenage
daughters with his wife and sailing partner, Wieke Beenen.

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