The United Nations believe about two billion people are without bank accounts in the world due to simple reasons like high costs, poor financial institutions, lack of trust, and difficult access to the internet in underdeveloped countries. But also having a bank account does not assurance availability to financial services. According to estimates, the number of people underrated financially has been exceeding four billion worldwide. With rapid change and new innovations in technology such as Blockchain technology continues to add suitability to every aspect of our lives. Blockchain ecosystem has entered our lives in many aspects such as finance, information sharing, cybersecurity, logistics, and product follow-up and such. This structure provides us with utmost security in a transparent environment. One of the best real-world applications of blockchain is KORA NETWORK
The main goal of KORA NETWORK is to create a financial network for everyone in the financial sector and trading traders. In a nutshell, it is a network of people, funds, and capital that aims to create financial systems for everyone including people who does not have access to banks and financial backings.it will solve problems in financial systems by building hope for the underdeveloped communities worldwide. It is the one of a kind project that seeks to provide access to financial services to propel those live in areas without access to financial institutions. The Kora network is build based on decentralized blockchain that stores identity-related data and transaction related data in a safe manner on nodes and modules that will carry the exchange by the Kora network.
Advantages
1 . Standard banking services create an extra cost. With Kora Network, which uses advantages in blockchain technology, the user will be able to transfer money directly to a close relative worldwide, and the amount of commission you will pay for it will be minimal when compared with banks.
2. It is a serious problem when people get credit for the amount that they can’t pay back. Getting under debts affects the lifestyle of people and causes serious difficulties. One of the main goals of the Kora network is to ensure that people reach the expense and capital in reasonable quantities they can handle.
3. Many people have difficulty getting bank lines when they most needed it. The main reason for that is they don’t have a credit history or used a credit card before. People are having a hard time understanding the system. This difficulty will we mitigate by the revolution of Kora network.
Ecosystem.
Kora blockchain stores identity data and transactions data run software modules and connect to other blockchains while preserving user privacy and data.it uses Tendermint DPoS as an algorithm, that allowing for maintaining decentralization manner.
Kora Network Token (KNT).
- Kora allow converting fiat to eFiat that are digital versions of national fiat currencies that users understand and trust. They are backed by cash reserves and can be redeemable on a 1:1.
- CVNs enable users to gather capital for lending or investment, social assistance, and other services.
KORA NETWORK Team
It will not be hard to see the success of the Kora Network with excellent well experienced and entrepreneurial team who have many years of experience in the finance sector.
Token information.
Token Symbol: KNT
Platform: Ethereum
Type: ERC-20
Price: ICO 1 KNT = 0.10 USD
Token for sale Quantity: 339.753.302
Hard cap: 24,000,000
Accepted currency: ETH
Minimum Investment Amount: 5000 USD
KNT Supply
Token Sale 45 % (339,753,302)
Reserved for growth 20 % (151,001,468)
Reserved for R&D 20 % (151,001,468)
Team 15 % (113,251,101) Use of Funds
Research &Development 50 %
Network Growth 30 %
Kora Accelerator 10 %
Social Impact Investment 5 %
Legal & Token Sale Marketing 5 %
CONCLUSION
The Kora network has a very clear vision to overcome the current financial discrepancies on a global scale. This is project that hopes to help billions of people who are underserved by the current global financial system
By making a robust and inexpensive system using blockchain, that can be accessed by any mobile phone even by SMS. They help communities be self-sustaining thereby enriching the global economy
Website: www.kora.network
Technical report: https://kora.network/downloads/Kora%20White%20Paper.pdf
Vision Report: https://kora.network/downloads/Kora_Vision_Paper_International.pdf
Telegram: https://t.me/kora_network
Twitter: https://twitter.com/Kora_Network
Facebook: https://www.facebook.com/thekoranetwork
Reddit: https://www.reddit.com/r/koranetwork
Medium: https://medium.com/@KoraNetwork
Github: https://github.com/koranetwork
Bitcoin Talk: https://bitcointalk.org/index.php?topic=2878292.0
My bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=1261329
Bountyhive- bountyhive.io/r/Chamika
Good info!
"According to estimates, the number of people underrated financially has been exceeding four billion worldwide."
There is a lot of a competition targeting that untapped market and whichever players make it out on top, they will be the BoA/JPM/Wells Fargo of the next generation.
thank you for your valued comment
I can see that they are doing a good job but what we all hope is a good pump because I invested a lot here. I don't want to lose anymore.
I think that you should research more about this project and see if they are really worth your investment. I hope that someday you won't regret that you put your money here in this project.
Why not? I mean with the plans and the power of desire of Kora to give a efficient utility to its user is not bad. I know they are working and doing everything, I hope for more updates regarding this.
A very well built structure project. No doubt accept by low-type community because you just needed an ordinary to have an access on Kora.