We live in the era of technology but around two billion people around the world are unable to Access current financial system. Because of that they are burdened with expensive and inconvenient access to possible financial services and therefore cannot accumulate their own capital, triggering a humanistic and economic crisis.
The Kora Network project was created to solve these problems by providing low-cost financial services using Blockchain technology. Using a smartphone or via SMS / USSD, anyone can access the banking system. This approach will allow you to perform instant transactions from almost anywhere in the world using only your own phone. It should be noted that the developers want to set a low price for transactions within the network, this step will ensure the availability of the network for people with a small income level, and the introduction of the eFiat unit (the analogue of the traditional currency in a 1: 1 ratio) will make Kora more understandable.This will greatly facilitate the work of communities in the creation and maintenance of a self-sustaining ecosystem of financial services.
Kora Network Advantages
By registering as a member of the Kora network, you will be able to access various financial services. This will be especially convenient for people with incomes below the average, as they usually remain without investment opportunities. The system will be user-friendly and does not require expert knowledge to perform or perform any operations. To interact with participants on this platform, only a smartphone and Internet access are required. The platform will provide customers with an eco-network in which potential investors, interested parties, and those who are in dire need of funds will be able to interact and perform any transactions among themselves.
KORA Network Architecture
The Kora network will be based on Ethermint, in which the "Virtual Machine" of the Etherium with the Deloed Proof of Share (DPoS) of the Tendermint Consensus is implemented. The support of the Etherium developer community has played a role in the choice of Ethermint, which will allow seamless implementation of large volumes of transactions and timely provide flexibility to users' privacy.
Manufacturers will have to compete for the right to be selected by publishing their hardware and network specifications, displaying their digital identity in accordance with the laws of the Kora network.
Ethermint is built in the network of "Space" to build "Internet-blockers." Thanks to the unification with the cosmos, it will be possible to connect to parallel blockers: etherium, bitcoin.
Details of selling tokens
The Kora network will have its own KNT token, which will be used as an exchange medium for all transactions performed on the platform. It will be used to pay for transactions and fees, build chain blocks. Thus, all users will need to have KNT tokens on their accounts, which they can use for transactions. Public sale of KNT tokens will be available to the public in April 2018.
ICO Details
Pre-Sale: KNT 3 Million Dollars tokens Sold
Public Sale: KNT Tokens for the first 20 Million Dollars are sold at a 20%
Date ICO: April 2 - April 30
Proposal of KNT tokens: 755,007,338
Tokens KNT for sale: 339,753,302
1 KNT = $ 0.1
Payment methods: BTC and ETH
The Kora Network project will promote the development of financial communities around the world in the interests of prosperity and poverty eradication. People will be able to connect to a single platform based on blockbuster technology to exchange services, resources and, consequently, increase overall welfare. This is a landmark opportunity that such communities expected.All unsold tokens will burn.
Use of funds
50% Research and development
30% Network growth
10% Kora accelerator
5% Soc. Effects of investments
5% Law and marketing
Partners
The main team and consultants
Conclusion
Kora Network rules related to geographic location will disappear. Anyone from anywhere in the world can use the platform; the only requirement is a phone. The transactions will be minimal, since the main goal of the project is to unite communities from all over the world into a single financial network and provide financial freedom, without access to the Internet. Man does not need knowledge of English and understanding in the work of the system. If everything turns out, and then it will justify the hopes of a billion people and will bring financial freedom to their lives.
Resources you can reach Kora Network
Web Site: https://kora.network
Blog Page: https://medium.com/kora-network
Twitter: https://twitter.com/Kora_Network
Reddit: https://www.reddit.com/r/KoraNetwork/
Telegram: https://t.me/kora_network
Github: https://github.com/koranetwork
Bounty Page: https://bountyhive.io/browse/Kora%20Network
Prepared by:
Bitcointalk Username: chamika888
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1261329
Bountyhive Username chamika