PRESENTATION
With strict capital controls in place by most countries to control the flow of money and charge high taxes, cryptocurrency gained usage in circumventing capital controls and taxes, leading to an increase in demand. Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies. Offering frictionless transactions and inflation control, investors have been prudent enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security processes and verifies transactions personal to each user. Hence, counterfeiting and anonymous transactions are impossible to achieve.
While this revolution is gaining wide acceptance, Coruls, a tokenized DeFi e-commerce platform that aims to bring more trust, transparency and seamless shopping experience in the e-commerce industry has arrived.
"Cryptocurrency is a type of digital currency that uses cryptography for security and anti-counterfeiting measures. Public and private keys are often used to transfer cryptocurrency between individuals.
As a counter-culture movement that is often connected to cypherpunks, cryptocurrency is essentially a fiat currency. This means users must reach a consensus about cryptocurrency's value and use it as an exchange medium. However, because it is not tied to a particular country, its value is not controlled by a central bank. With bitcoin, the leading functioning example of cryptocurrency, value is determined by market supply and demand, meaning that it behaves much like precious metals, like silver and gold.
Cryptocurrency transactions are anonymous, untraceable and have created a niche for illegal transactions, like drug trafficking. Because the currency has no central repository, law enforcement and payment processors have no jurisdiction over bitcoin accounts. For cryptocurrency supporters, this anonymity is a primary strength of this technology, despite the potential for illegal abuse, as it enables a shift in power from institutions to individuals."
With that being said, Coruls will be developed upon blockchain which brings trust and transparency in the system which gives a better ecommerce environment for consumers as well as merchants.
But before we go any further, please check out this video presentation to get even more acquainted
Now that I have your attention, let’s get right to it.
What exactly is CORULS?
As depicted above and as indicated on the official website of CORULS, Coruls is a tokenized DeFi e-commerce platform that aims to bring more trust, transparency and seamless shopping experience in the e-commerce industry. Coruls will be developed upon blockchain which brings trust and transparency in the system which gives a better ecommerce environment for consumers as well as merchants. With the power of blockchain, consumers will be assured of the products’ details, reviews and ratings and merchants will also be assured that all the transactions related to their products are transparent to them.
Just so you know, most of the DeFi platforms currently in operation still provide a UI / UX that looks straight out of the Bloomberg terminal, which is confusing especially for new users. Even for some crypto users, the current appearance of DeFi platforms is mostly not user-friendly. There is one platform that you might be interested in knowing, this platform allows you to easily understand and use the DeFi platform, namely "CORULS, a tokenized DeFi E-commerce marketplace for merchants, affiliates and consumers"
This platform is depend on decentralized financing system and try to collect new consumer for trader and assist people to purchase more by providing the capability of shop at the present and recompense later on Corul marketplace is made up to offer decentralized subsidize alternative to help seller, manufacturer, wholesalers and little vendor to have a loan on their crypto collaterals at cheapest rate. We are providing enduring online business with help of blockchain and crypto currency to make Corul more protected, lucid, rapid and authentic.
Concise information, outlook, industrial constraint, and business models are bring in the plan and provide all details of our plan to the reader and users impress them to adopt corl. Corul is going to get fresh buyers and sellers to work on Corul marketplace by presenting a lot of additional benefits. We are also providing immense marketing strategies for its vendors by not merely digital marketing although as well as by on boarding members.
The Benefits
Fast Transactions
Coruls' solutions allow settlement of merchant payments faster than normal. With cryptocurrency, it will take minutes whereas with fiat it will take days.
Marketplace Listing
This allows every merchant to promote their business.
Affiliate Network
This allows people to be able to build their affiliate network.
Fiat and Crypto
Users are free to choose any currency they prefer.
Wallet
A digital wallet that allows users to navigate easily and also allows users to easily exchange their digital assets for various cryptos.
Staking
This is a DeFi feature that maximizes user profit.
Utility
Users will get a 5% discount for every product they buy with CORL token.
Rewards
Coruls appreciates the participation of users, therefore customers, merchants, or affiliates, who use the Coruls marketplace will get rewards.
Liquidity Pool
Lending/borrowing protocols that allow earning a proportion of fees from all trades.
Merchant Financing
DeFi solution that allows merchants to be able to borrow a certain amount of money for their operations.
About The Product
Coruls Marketplace
Allows merchants, customers, and affiliates to connect and trade.
Currency Swap
Allows customers and merchants to be able to pay and receive payments with fiat and cryptocurrency.
Coruls Wallet
Allows users to be able to store their digital assets safely and conveniently. This wallet also has several features that can maximize the user experience when using the Coruls platform.
Coruls DeFi
DeFi solution that allows Lending and borrowing to be done easily and safely.
Buy Now Pay Later
A feature that allows merchants to be able to provide "Buy Now and Pay Later" features to their customers by utilizing CORL tokens.
About The Corul Wallet
The Corul wallet permit consumer to maintain their bit coins and altcoins by providing them effortlessness to control their possessions, not like typical wallet systems. The flat set down and taking out process from the wallet make it only one of its kind from its resistance. Buy now and pay later policy of coral permit all dealers around the world to buy tokens from coruls. In return corl moreover provide acclaim to their users which depended on economic dealings and the security they set into the platform. Current market problems like complexity in swapping, complex transaction etc, are faces by traders and also effects the growth of platform .
Corul provide solution of current problems and set faster, speedy transaction for users, make settlements with trader more secure and faster as compare too there. By giving quick response to any trader, all the settlement will arrange within minutes. Corul serving the world’s financial system to give increase greatly faster rate and listing to each trade there irrespective of their field.
The Token sale information for Early Investors
Start Date 1/10/2020
End Date 30/11/2020
Name of Token: CORL
Price of CORL Token (avg.) (in USD): 0.10 USD
Accepted Currency: ETH, USDT
Token Issuance: 250 Million
RoadMap
Be a part of this incredible project. Download the whitepaper for the full scoop.
Till next time…
For more information, please visit:
Website: https://coin.coruls.com/
Whitepaper: https://coin.coruls.com/wp-content/uploads/2020/09/WP_CORULS6.pdf
Twitter: https://twitter.com/Coruls1
Medium: https://medium.com/@corlcoin
LinkedIn: https://www.linkedin.com/company/coruls/
Reddit: https://www.reddit.com/user/CORLCOIN
Facebook: https://www.facebook.com/Corulsofficial
Telegram: https://t.me/coruls
Bitcointalk Username: Cryptoholical
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2487106
Telegram: @Cryptoholical
ETH Address: 0xF3f7b9c45864006DBd1571De53d5847C0d11438c
Disclaimer: This article was published in terms of the bounty campaign. I am not a project team member or its representative but a supporter of this incredible project.