Throughout the month of May while phase 2 of Bitnation's XPAT token sale was undergoing distribution, XPAT was trading hands primarily via ForkDelta and OTC using the Buy/Sell XPAT Telegram channel. Earlier this week, however, XPAT was listed on Bancor Network - a unique open-source exchange protocol using interconnected "Smart Tokens" to form a decentralized liquidity network for ERC20 tokens.
The Bancor Protocol smart contract functions to provide listed tokens with a perpetual liquidity pool of varying depth and value as it manages incoming buy and sell orders throughout all tokens on the network. This means that there is no matching buy orders with sell orders and that XPAT can be traded instantly within a user-defined price spread from the given rate against ETH, Bancor Network Token (BNT), and any other token on the Bancor Network. It's as easy as using ShapeShift, the only additional fees are transaction fees for interacting with the smart contract, and all you need is MetaMask or the native Bancor wallet.
Throughout its first 3 days on Bancor Network XPAT has spent most of its time near the top of Bancor Network's 24 hour volume sorting and has exceeded $200,000 24 hour volume on at least two occasions.
XPAT's listing on Bancor Network is an exciting first step towards establishing widespread distribution and substantial trading volume of the XPAT token and coincides nicely with the update to the Bitnation Pangea app on June 8 which will include XPAT compatibility.
Bitnation's Growth-Hacker Eddy Azar has put together this video detailing how to use the Bancor Network to buy XPAT:
To trade XPAT and for more information on the Bancor Network and how it works, please visit https://www.bancor.network/.