Hai
friends all come back with me and it is definitely with the new discussion
back, on this occasion I will discuss KORA.NETWORK rather than just
wide-ranging we discussed together.
WHAT
IS KORA?
Kora is a project of hope
for billions of people who are underserved by the current nancial system and are burdened by expensive and
inconvenient access to nancial services. They are excluded from better solutions due to high
costs, lack of proper identity, poor access to banking locations, and mistrust
or poor understanding of the banking system. Furthermore, the learning curve of
many existing platforms, and reasons such as lack of access to infrastructure
like electricity, ex-pensive access to internet, and insu‑cient capital to aord a smartphone and a steep learning curve.
The Kora Network will be
built on four layers of infrastructure to provide a low cost, universal access nancial services platform accessible via
SMS/USSD on feature phones, or with internet access via mobile app, enabled by
blockchain technology. This will help communities build self-sustaining,
community-owned nancial services ecosystems. By drastically reducing the cost and time
required to provide nancial services, and drawing a diverse set of stakeholders into an
inter-operable network, it will unlock the Long Tail of the global economy,
bene ting
populations most in need and enriching the global economy by unlocking the
capital, intellect, and creativity of the underserved.
PROBLEM
Access to nancial services, such as the ability to securely store and transmit value, take out a loan, or insure your assets are fundamental to a person's ability to manage and grow their wealth. For example, in 2002 when Mexican bank Banco Azteca opened more than 800 bank branches speci cally focused on providing goods and services to the lower and middle income population, there was a 7.6% increase in informal business owners, a 1.4% increase in employment, and a 7% increase in average income1.
Of the many di‑culties the unbanked face, we have identi ed 5 main barriers to nancial inclusion:
- Perceptions that the underserved have little value
- Cost of providing and accessing nancial services
- Lack of identication
- Lack of trust and technological understanding
- Lack of nancial literacy
To build a robust
financial services infrastructure, we built four fundamental functions into the
Kora Network
- Identity
Users can prove who they are and the validity of their
activities.
- Secure Storage
Users can protect their funds from being stolen or devalued.
- Money Transfer
Users can transfer money to each other quickly and securely.
- Marketplaces
Users can access venues to exchange money for
goods, services, and capital.
KORA ECOSYSTEM
Kora’s key differentiator
is its ecosystem, Our blockchain stores identity and transactions, runs
software modules, and connects to other blockchains while preserving user
privacy. We use Tendermint DPoS as a consensus algorithm, allowing for
scalability while maintaining decentralization. The blockchain is secured by
the Kora Network Token (KNT).
eFiat are digital versions
of national currencies that users understand and trust. They are 100% backed by
cash reserves, and redeemable on a 1:1 basis.
CVNs empower users to pool
capital for lending or investment, social assistance, financial education and
other services.
KORA
NETWORK TOKEN
KNT
is central in securing the network, and holding KNT means having a partial role
in the Kora Network. Holders use it to vote on who produces blocks, and
providers require it to pay for network fees.
The goal of our token sale is to decentralize ownership of KNT
to ensure the cryptoeconomic stability of our network, and to exchange KNT for
capital to execute on our vision of unleashing the world's potential for wealth
creation.
TOKEN
SUPPLY
USE OF FUNDS
TEAM
for
more details please visit the link below:
AUTHOR
BITCOINTALK
USERNAME : putradaerah
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