The project KORA network is designed to give hope for the improvement of its financial situation to the poorer population. As a rule, they are located at a great distance from banks and offices. Do not have the necessary knowledge in this field.
KORA is designed so that its services are intuitive to all users, simplified actions with finance. The main thing is that the cost for the services of the project is minimal in comparison with other providers of financial services.
The developers found the solution to the problem of introducing their product in the general availability of the Cora network, low cost of services, cooperation with other financial sites.
The goal of the project is to attract a large number of new users with low incomes. Thanks to the KORA project, they will be able to improve their financial position, which will positively affect the global economy.
The KORA system works with eFIAT. This is a digital analogue of traditional currency. eFIAT is reinforced by investing conventional funds in them in a 1: 1 ratio. The stability of the digital currency will directly depend on the position of the classic analogue in the foreign exchange market.
The following groups of people can participate in the KORA network:
Individuals are ordinary users who use the network for their own purposes.
Providers- provide users with access to the financial services of the KORA service. This gives them an influx of new customers.
Banks give the opportunity to convert electronic currencies to classical currencies and vice versa. Also is a place of storage of money resources.
Entrepreneurs. Integration of the KORA system into your project enables the user to pay for goods and services using eFIAT. The project is also aimed at supporting such groups of society as agricultural production cooperatives, money-saving groups, trade unions. These associations have the opportunity to transfer their capital to the network of KORA. This will provide an opportunity for operational management of funds, acceleration of transactions and other financial actions. Also, cooperatives can receive loans at favorable tariff rates with transparent conditions.
The network architecture is based on Ethermint. This is the largest and most developed site for work with the blockbuster. Thanks to it, high speed of operations and channel performance are provided.
As a result, the main advantages of the Kor network are:
• Accessibility
• Low cost of services
• Ease of use
• Simplified identification procedure
• Reduced transaction time.
System security is realized through the implementation of secure protocols for the transfer and storage of user data.
Banking operations require identification of a person. As a rule, this item hinders the execution of loans for individuals most remote from large cities. In the project KORA, this variant is also considered and its users are offered remote identification. Also, the user deserves a positive reputation through activity in the system. The higher it is, the more opportunities it becomes available to customers.
The KORA system presents Kora networkToken (KNT) tokens for use. With their help you can pay for network services. KNT allows their owners to receive bonuses from the system. The more transactions are carried out, the higher the payments will be. This will give impetus to the holders to attract new clients to the project.
ICO Details:
Token standard: ERC20
Total number: 755 007 338 KNT
For sale: 339,753,302 KNT
Development reserve: 151,001,468 KNT
Provision for protocol and common infrastructure development: 151,001,468 KNT
Command: 113,251,101 KNT
All unsold tokens will be burned
Hardcap: $ 24 million
KORA website: https://kora.network
Whitepaper KORA : https://kora.network/downloads/Kora%20White%20Paper.pdf
Bitcointalk KORA : https://bitcointalk.org/index.php?topic=2878292.0
Bounty: bountyhive.io/join/Kora%20Network
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