Introduction
Kora is a popular musical instrument played in celebrational songs, or to pass a message of hope in the Western/Eastern region of Africa.And it is also a project of hope for billions of people who are undeserved by the current financial system. While there has been progress towards financial incorporation, intimately 2 billion adults don’t have a basic account worldwidely. Distance from a financial service provider, lack of necessary documentation paper, and lack of trust towards financial service providers.
It is expected to provide a low cost, final service platform for all by the KoraNetwork.Accessivle by SMS/USSD on feature phones or with Internet via a mobile app and powered by blockchain technology. Aims-Freethetrpped capital, intellect, and creativity of the long tail through self-sustaining, community-owned ecosystems.
Problems
Due to 5 main barriers access to financial service is uneven and expensive
High cost of Serve
Misconception that the Underserved have Little Value
Lack of Identification Documents
Lack of Trust and Technological Understanding
Lack of Financial Literacy
Existing Solutions
There are many groups attempting to solve the five barriers mentioned above. Each has its own
approach and we believe each has some shortfalls.
Banks
Local Ad Hoc Networks
Mobile Money
Blockchain Projects
Kora provides an Infrastructure that addresses all of an emerging market’s needs
Kora supports everyone regardless of level of wealth
Kora is accessible without Internet or a smartphone
Kora empowers existing communities instead of disrupting them
Kora provides an infrastructure that addresses all of an emerging market's needs
Kora Ecosystem
Kora’s key differentiator is its ecosystem.
While preserving user privacy our blockchain stores identity and transactions, runs softwaere modules, and connects to other blockchains. We use TendermintDPoS as a consensus algorithm, allowing for scalability while maintaining decentralization. The blockchain is secured by the Kora Network Token (KNT).
eFlat are digital versions of national currencies that are 100% backed by cash reservers, and redeemable on a 1:1 basis that the users understand and trust.
CVNs (Community Value Network) empower the communities that already provide ad hoc financial services. CVNs can be utilized f0or use cases such as Farming cooperatives, Saving Groups, National Trade Unions.
Driving Adoption
• Universal Access
• Identity
• Low Cost
Network Architecture
Kora Network Token (KNT)
KNT is used as the staking unit for selecting block producers, as well as a single medium to pay for costs incurred by the Kora Network. Holding KNT is equal to having a partial role in the Kora Network.
Use Cases
• Money Transfer and Payments
• Lending and Loaning
• Agriculture
• International Distribution of Fundsre
KORA ROAD MAP
Token Sale Details
The goal of token sale is to decentralize ownership of KNT to ensure the crypto-economic stability of our network, and to exchange KNT for capital to execute on the vision of unleashing the world’s potential for wealth creation and becoming a leader in financial services.
KNT Supply
Partnes
Download the Kora App
for android visit - playstore
for IOS visit - applestore
For More Information Visit
Website : https://kora.network/
Whitepaper : https://kora.network/downloads/Kora_Vision_Paper_International.pdf
Telegram : https://t.me/kora_network
Facebook : https://www.facebook.com/thekoranetwork/
Twitter : https://twitter.com/Kora_Network
Bounty : https://bountyhive.io/join/Bittwatt
Author details
Bitcointalk profile url : https://bitcointalk.org/index.php?action=profile;u=1202306
Kora Network will be a new bank for the whole world with fast money transfer and financial solutions. On the other hand they collaborate with farmers which is a great news for everyone.
The blockchain industry will be positive to learn on the platform . I'm glad to be here, and the world needs to hear about it too.
Interesting concept
Wonderful Financial Systems. I like it.
It seems really different and innovative and deserves every attention from all over the word. I will support kora network in every manner i could.
Kora has so many reviews.This will positive point to investors.
Kora Network is amazing!
Very interesting project. Good organisation, clear goals, exerienced team. Hope this project bring new innovation to our society
Kora network is the new future
wow.
KORA - Infrastructure for Inclusive Financial Systems
bountyhive user name - vishudda
Nice introduced, Already KORA project is a very promising one, Good luck KORA team
This is a very large Platform used for its purposes. The blockchain industry will be positive to learn on the platform . I'm glad to be here, and the world needs to hear about it too. I will advise my friends and tell them about this product). Thanks to developers)
very useful and informative article about KORA .
Interesting vision, i am sure KORA network will reach new heights very soon.
very good article about financial service
Great article!