Bancors new crypto token, zilliqa, will launch on Friday August 14 at a price of $1.30 per coin.
Zilliqa will be a new token offering designed to provide liquidity to the bitcoin and ether markets and to bring stability to digital currencies.
The token will be offered as a hedge against price volatility and will have a fixed supply of 1 million coins.
Bancor announced a new team member earlier this month, as well as a new logo and a new website to launch the project.
The company will announce more details on its new crypto platform on Friday at the launch event in New York.
Zilliqas goal is to bring transparency and liquidity to digital currency markets and will be supported by a team of professionals from finance, legal, finance and digital asset technology, the company said in a blog post.
A new cryptocurrency to help ease the volatility of the digital asset markets will launch in 2020, according to Bancorp.
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