THE CORIONX PLATFORM
This platform has just provided a way to improve the finance of many millions of people on the blockchain through the utility coin provided (Corionx) which would make stablecoin useful as well as other assets like the Central Bank Digital Currencies and even the open finance currency. This platform would be raising a stablecoin user network where all partakers would be present together with all the service providers. This platform would help improve sectors like education with the contribution of stablecoins, improving their framework to make payments done using stablecoins in the sector to achieve promotion in them. So i can tell you that this platform is more like a stablecoin movement platform that seeks to help many people and sectors achieve progress in their use of stablecoins in day to day activities.
What is a Stablecoin?
Stablecoins are digital assets set aside to imitate the worth of fiat currencies like the Dollar or the Euro. As the word implies, the value is stable unlike other cryptocurrencies that is volatile – not stable in price. As a result of this, users can send and receive funds cheaply and rapidly without bearing the risk of “rise and fall” of the price. Popular cryptocurrencies like Bitcoin and Ethereum are very volatile when compared to stablecoins. As a medium of exchange, cryptocurrencies are amazing and sophisticated in a technical point of view. Nevertheless, the rise and fall of their values may cause a lot risk when it comes to investments, thereby not obviously ideal for making payments. Interestingly, by the time a transaction is confirmed, coin value might have increased or decreased than when they were sent. This is an obvious reason why cryptocurrencies are lagging behind when it comes to usability in payment gateways. Here comes the stablecoins as a Savior in that regards as it has no problem of such. These assets have negligible price movements and they emulate the value of the underlying assets or fiat currency. As such, it is safe and reliable to use as a payment gateway and safe Haven assets amid volatile markets.
CorionX Token
CorionX token is an utility token which is built on a Ethererum Blockchain (ERC20). CorionX utility tokens has a total supply of 400,000,000 tokens issued by the Corion Foundation. CorionX can be used by Stablecoin projects to have access to products and services provided by Corion. CorionX users will be able to operate and transact on the network. Also, CorionX holders will be rewarded with 2.5% quarterly in the Loyalty Staking Program. The token can be purchased (IEO) currently on Probit Exchange with amazing discount.
THE PROVISION OF CORIONX TOKEN
Even though Corionx is not a stablecoin itself in anyway, it is the special force or token to make it sorry and as such is like the fuel that makes stablecoin burns and get more exposure. So as people begin to use Corionx, they get advantages that can be gotten when stablecoins are used. For that purpose, Corionx has been made a ERC20 token that can be purchased on exchanges, that can be staked and also used just like any other token on the blockchain, except that it is connected to stablecoin.
SOME SPECIAL USE CASES OF CORIONX TOKEN
All stakeholders in the financial industry, in the blockchain and even projects can make use of Corionx token to gain access to services in the Corionx foundation. Stablecoin also has its potentials linked to it and therefore directs its stakeholders to use it directly as they are facilitated by the platform directly.
In Corionx foundation, some operations demands that fees be paid and registrations be made to be a member. To this end, Corionx can serve as a token for such payments as services are used in the ecosystem. Moreso, only the Corionx token users are able to use the platform. The platform would be restricted to those who have the token to be able to transact across its network.
CORIONX foundation is currently working on making white label infrastructures useful on its community. It aims to establish this through forming partnership with the original companies that hold this value.
To all the holders of Corionx token, they shall all be entitled to claim a 2.5% reward for holding the token. They will be able to stake and get additional staking rewards from the stablecoin loyalty staking program that is meant for the Corionx token holders.
CONCLUSION
This is just a brief summary of what you can gain with Corionx platform and the token. Once you begin to use this platform, you are automatically a stablecoin user and will be treated accordingly in the advantages that should come as a result of being a user.
Team
The Corion Foundation is registered in Switzerland in 2016, comprising excellent team members and advisors dedicated to make this project a success. Below are the team members and advisors.
Conclusion
Blockchain brings both transparency and privacy to finance. It makes transactions more secured and easy to use. Stablecoin, making use of blockchain creates that fluidity of transactions without the risk of Volatility as against other Cryptocurrencies. Transactions could be made easily by users without thinking other wise. Corion Foundation is set to revolutionize the Crytpo world by supporting Stablecoin projects, Defi and CBDCs products and services creating an amazing financial environment.
Timeline
USEFUL LINKS
Website: https://corion.io/corionx/
Whitepaper: https://corion.io/corionx-whitepaper-en/#
Telegram: https://t.me/corionx
Twitter: https://twitter.com/CorionPlatform
Facebook: https://www.facebook.com/CorionFoundation
Medium: https://medium.com/@Corion
LinkedIn: https://www.linkedin.com/company/corionplatform/
Youtube: https://www.youtube.com/channel/UCD9royvfm_-02vV9eHvZk8A
AUTHORS DETAILS
Bitcointalk Username- CryptoboyRamesh
Bitcointalk Profile link- https://bitcointalk.org/index.php?action=profile;u=2749610
POA = https://bitcointalk.org/index.php?topic=5262143.msg54797723#msg54797723
nice project
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit