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.
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.
• 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.
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.
How Does Kora Network Work?
The Kora Network is a financial services infrastructure. Its mission is to connect people, communities, and money in one, universal ecosystem. Kora offers financial services through SMS, USSD interfaces, and smartphones.
National currencies are picked in the form of tokens. Then, these tokens are used to build networks for transactions between users all over the world. Further details about tokens will soon be released on their website. If you are interested, you can sign up for more information and regular updates. Also, Kora plans to function within the boundaries of existing financial systems, and to act in accordance with governmental rules and procedures.
Who Can Use Kora Network?
The good news is that there is no limit regarding geography with Kora, it is universal. Wherever you live, you can use it. Every corner of the world is covered. The only condition is that you have a basic phone.
According to the information on Kora’s website, the price will also be a big plus. Low transaction costs for users are to be expected. The ultimate goal of this system is connecting and empowering local communities. Access to services should secure financial freedom for people in remote areas, even if they don’t own a smartphone or have Internet access. Understanding what technology is and how it actually works is not necessary. Furthermore, you don’t have to understand either finance or English to use this service.
That is the best thing about Kora, it is flexible, and it can meet everyone at their personal level. If it succeeds and keeps working in this direction, Kora will reach billions of underserved people and bring hope to their lives. Current financial systems haven’t been able to reach everyone, but this project looks promising.
Moreover, many of us use some financial services that are rather expensive, complex and difficult to deal with. Kora removes the complexity and promises ease of use and convenience for everyone.
What Is This KORA NETWORK
kora network is a kind of project which is built on four layers of set-up to provide low-cost universal access financial services platform .you can access thereby SMS/USSD or via a mobile application, enabled by blockchain technology. There are a lot of barriers other blockchain project and they are theoretically. But in KORA NETWORK you will never face those issues because kora aims to address these barriers.
This project trying to empower instead of displacing existing communities by introducing new equipment and tools to help build a self-sustaining financial ecosystem.
Financial freedom can be seen in kora, and further empowerment and wealth creation to a lot of regions of the world previously considered unprofitable also can be seen in this project.
Join with KORA NETWORK is the best opportunity for everyone who interested in this project.
Four fundamental functions are built into the Kora Network
✔ Identity
- Users can prove their true identity and the validity of their activity.
✔ Secure Storage
- Users are more secure with this. They are protected from stealing their funds. no one can steal or devalued their funds.
✔ Money Transfer
- Users who using this can easily transfer money to each other with securely.
✔ Market Places
- Users who use this can exchange money for services, good and capital by easily access venues.
Roadmap
Investors should rejoice that Kora Network will launch it’s first beta around March — April 2018. Kora 2.0 will launch sometime around November 2019 so there will be lots of updates and lots of anticipation for Kora.
Token Sale
45% will go towards the Token Sale to raise funds
20% will go towards establishing partnerships and growth of Kora
20% will go for R&D to improve the Kora protocol
15% will go to the team
The minimum investment amount for the Pre-Sale is $5,000.
The hardcap for the Token Sale is $24 million
20% will go towards establishing partnerships and growth of Kora
20% will go for R&D to improve the Kora protocol
15% will go to the team
The minimum investment amount for the Pre-Sale is $5,000.
The hardcap for the Token Sale is $24 million
Kora Network token (KNT) is based on the Ethereum blockchain.
All unsold tokens will be burn
Other Details
Website : https://kora.network/
Author
BTC Froifile : https://bitcointalk.org/index.php?action=profile;u=1351974
BTC : nhanvan3
TELEGRAM: @vnbfot
ETH: 0x6CE67007a671CbD1FBC705a7c798339EfcC5aeB0
NEO: AUUACmQaGfbkGcb59H2g1qdEkQwmAdkvmj
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