Kora Network : Infrastructure for Inclusive Financial Systems

alpisyahrin007 (25)in #cryptocurrency • 7 years ago

Hello, all. this time I will introduce a project about network infrastructure which is very useful for people named Kora Network. Please read my friends.

What is Kora Network ?

Kora Network is an infrastructure for inclusive community owned financial systems. We provide the tools needed to build a self-sustaining, community-owned ecosystem for circulating and accumulating capital within a community. This includes the ability to validate identity, and to use that identity to store, transfer, or lend money, to make payments, and to provide or access value-added services like lending, marketplaces, benefit distribution and digital education, even without internet access or a smartphone through channels like SMS or USSD.

Ecosystem Kora

Our blockchain stores identity and transactions, runs software modules, and connects to other blockchains while preserving user privacy. We use Tendermint DPoS as a consensus algorithm, allowing for scalability while maintaining decentralization. The blockchain is secured by the Kora Network Token (KNT).eFiat are digital versions of national currencies that users understand and trust. They are 100% backed by cash reserves, and redeemable on a 1:1 basis.
CVNs empower users to pool capital for lending or investment, social assistance, financial education and other services.

Most financial activity between users will be denominated in eFiat instead of KNT. KNT will be used in the background as the staking mechanism for selecting block producers as well as a single medium to pay for fees incurred by the Kora Network.

Why use eFiat?

Digital currencies are relatively new, especially in rural areas, so users have a hard time understanding their meaning and value. To increase ease of use and adoption, we provide users with the benefits of digital currency in a denomination and form they understand and trust.

Function

Identity
Users can prove who they are and the validity of their activities.
Secure Storage
Users can protect their funds from being stolen or devalued.
Money Transfer
Users can transfer money to each other quickly and securely.
Marketplaces
Users can access venues to exchange money for goods, services, and capital.

Kora Network Token

KNT is central in securing the network, and holding KNT means having a partial role in the Kora Network. Holders use it to vote on who produces blocks, and providers require it to pay for network fees.
The goal of our token sale is to decentralize ownership of KNT to ensure the cryptoeconomic stability of our network, and to exchange KNT for capital to execute on our vision of unleashing the world's potential for wealth creation.

Token Sale Details