Kora Network - An Infrastructure for Inclusive Financial Systems

Connecting people, communities, and capital.-
Description
The Kora Network is built on four layers of infrastructure to provide a low cost, universal access financial services platform accessible via SMS/USSD or via a mobile app, enabled by blockchain technology. all enabled by blockchain technology will help communities build self-sustaining, community-owned financial services ecosystems. By drastically reducing the cost and time required to provide financial services, and drawing a diverse set of stakeholders into an interoperable network, Kora unlocks the Long Tail of the global economy and beneting populations most in need enriching the global economy by unlocking the capital, intellect, and creativity of the underserved and impoverished.

Why KORA?

Low Cost

Supports everyone regardless of the level of wealth.

Universal Access

Accessible without internet or a smartphone.

Community Engagement-

Empower existing communities instead of disrupting them.

Four fundamental functions are built into the Kora Network
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1 — Identity

Users can prove they are who they are and the validity of their activity.
2 — Secure Storage

Users can protect their funds from being stolen or devalued.
3 — Money Transfer

Users can transfer money to each other fastly and safely.
4 — Market Places

Users can easily access to exchange money for goods, services, and capital.

Kora Ecosystem

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KORA blockchain runs software modules , stores identity and transactions and connects to other blockchains while preserving user privacy. Kora use Tendermint DPoS as a consensus algorithm and allowing for while maintaining decentralization and the blockchain is secured by the Kora Network Token KNT.

EFiat is digital versions of national currencies that users understand and trust. They are 100% backed by money reserves. It’s redeemable on 1:1 basis.

CVN’s empower users to pool capital for investment or lending, social assistance, financial and education and Ect.

The future benefits of Kora networks

Through registering as a member, one will be able to access sustainable services especially those who have low income as they are the ones usually restricted by the system.

The system will be user-friendly and won’t require expert knowledge to transact or execute any operations. One will only require a smartphone and internet access to interact with members on this platform.

The platform will provide a network whereby potential investors, stakeholders, those in dire need of funds will be able to interact and perform any transactions while exchanging knowledge.

Token sale

The Kora network will have its KNT token which will be used as the means of exchange for all transactions executed within the platform. It will be used as the mechanism for selecting block producers, payment for transaction fees as well as block rewards. Therefore, all the users will be required to have adequate KNT tokens in their accounts which they can use for transactions.

The KNT token sale will be availed to the public on the march of 2018.

24/02/2018 — 12 pm UTC — March 1st 12 pm UTC: ID Verification for all Whitelist members.
02/03/2018 — 12 pm UTC: Whitelist members can contribute to Pre-Sale.
05/03/2018 — 12 pm UTC: Pre-Sale open to everyone with a $5000 minimum contribution.
25/03/2018 — 12 pm UTC: Pre-Sale closes.
26/03/2018 — 12 pm UTC: Public Sale open to everyone with no minimum contribution.

Homepage: https://kora.network/

Blog: https://medium.com/kora-network

Whitepaper: https://kora.network/downloads/Kora White Paper.pdf

Facebook: https://facebook.com/thekoranetwork

Twitter: https://twitter.com/Kora_Network

Reddit: https://reddit.com/r/KoraNetwork/

Telegram: https://t.me/kora_network

My bountyhive user name : kalumsri

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