What is Kora Network Project?

tinhkhuat

What is Kora Network project?

KORA network is aimed at providing people without access to smart phones with a tool that will enable them to benefit from the perks of the financial systems via non-smart phones through SMS and USSD, as implied by the name KORA, an instrument for playing songs with hopeful messages.

Kora Network is a financial services infrastructure whose mission is to connect people, communities and money in one ecosystem. As such, it offers financial services to users through SMS, USSD interfaces, smartphones, and in person access.

National currencies are picked in form of tokens that are used to build networks which form blocks of transactions to users all over the world. Token details are soon to be released on their site and interested parties can sign up for further information and updates. Additionally, Kora intends to work within the boundaries of present financial system to comply with governmental rules and procedures.

Kora Network's Technology

Kora is laying out the infrastructure on blockchain (similar to other ICO tokens such as (ODEM, Requitix, BunnyToken, TV-TWO, Signals, Gamblica, LocalCoinSwap) and they claim it to do transactions, store user identities, Making connections with other blockchains, run software while it securing user privacy. Kora network has been using DPoS as their consensus algorithm, whose specialty is to adapt to any demands while keeping up decentralization of the process. The entire project is set to be powered by Kora Network’s native crypto-token, KNT (Kora Network Token).

Kora Network's Solution

Blockchain technology is growing popular worldwide, adopted by many institutions to help each and every business sector get decentralized, higher on security purpose, more affordable and 24/7 accessible. Kora Network is planning to form an infrastructure of financial services to help people connect with each other and make relevant transactions from within a single ecosystem. Using this service, users can avail financial services via USSD interfaces, SMS, smartphones and even in person.

How does Kora Network work?

There’s no geographical limit with Kora – the system is universal. Anyone from any corner of the world can use it, including a farmer in the remotest place in Asia. The only requirement is that a person needs a basic phone.

From the information on Kora’s website, the enterprise promises low transaction costs for users. The main purpose is to connect and empower local communities with access to tools and services that will allow them obtain instant financial freedom even without a smartphone or Internet access. You don’t even have to understand what technology is and how it works. Moreover, there’s no need to understand finance or English.

Kora meets everyone at their level. If Kora sticks by its mission, this is a project that can bring hope to billions of people in the world who are underserved by the currently existing financial systems. It removes the burden and complexities of expensive and inconvenient financial services.

Kora Network: ICO – Dates and details

Token: KNT
Price: 1 KNT = 0.10 USD
Bounty: Available
Platform: Ethereum
Accepting: ETH
Minimum investment: 5000 USD
Hard cap: 24000000
Country: Hong Kong
Whitelist/KYC: KYC & Whitelist
Restricted areas: USA, China, Korea

For more information:

Website: https://kora.network/

WhitePaper: https://kora.network/#whitepaper

Twitter: https://twitter.com/Kora_Network

Facebook: https://www.facebook.com/thekoranetwork/

Telegram: https://t.me/kora_network

Bounty Thread: https://bountyhive.io/join/Kora%20Network

Author: tinhkhuat

Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1885373

What is Kora Network Project?

Report Page