CorionX - Driving the Stable Coin Revolution in the Right Direction

Finance systems around the world are just too slow. They prove to be inefficient and inaccessible to the masses. Moreover, there is a large population of unbanked and underbanked populations. The banking delays alone waste nearly $77 billion annually. Decentralized finance (DeFi) is the solution to all of this. There are tons of DeFi projects launched through funding from ICOs. A gem of a project that launched recently is the Corion X. It opens finance for everyone, especially the unbanked population. It introduces decentralization and democratization into finance. This post is more of an overview of the project.

What is CorionX?
CorionX uses a utility token based ecosystem for adoption, usage, and distribution of stable coins. It extends to Decentralized Finance, CBDCs, and Open finance and other crypto solutions. CorionX introduces these stable coins to the world and powers collaboration within the community. Simply put, it creates the ultimate platform for all stable coins. It encourages the transition of allegiances to a decentralized economy via using cryptocurrencies as digital and programmable money. The tokens are 'gas' for the overall crypto infrastructure as well as stable coins. Overall, it is a terrific network that will empower the crypto movement.

Benefits to the users
CorionX encourages the use of stable coins by incentivizing it. Users are benefitted by using and trading these coins as well as DeFi cryptos with their peers. The key idea is to acquire, stake, and use stable coins. In addition, using them on a daily basis comes with a lot of benefits. The loyal token holders receive 2.5% staking quarterly through the Loyalty Staking Program. The Corion Foundation lends its state of the art infrastructure and years of financial experience to make utility tokens successful. Moreover, its large influential network can bulldoze over the challenges of scalability and adoption of their utility tokens.

Scope of CorionX project
The CorionX project is well in line with the company's #MoneyintheRightDirection movement. It can employ new technology to enable using a new form of money. The system will evolve with time, thanks to its cartful design. There is a new crypto instrument that will change how payments work globally. The company aims for an ecosystem where millions or even billions will start using stable coins. The idea is to provide new and innovative ways to stable coin users, in regard to operating in this economy. The protocol that CorionX presents is stronger than ever and is not available in the stable coin market.

Airdrop
It constitutes of a pool of over 5.5 million CORX tokens. Every participant bags 400 CORX or $6 worth of tokens over completing simple tasks. An additional 66 CORX tokens are rewarded for each referral. You can participate in the airdrop by chatting with the official telegram bot. Complete the simple social media tasks and submit the information to the bot. The airdrop is originally scheduled to end on the 31st of August 2020. The 1-month window is likely to extend give the current COVID situation. The bonuses and rewards may drop with subsequent airdrops.

Tokensale and IEO details
The project has been under development for many years and the team was calmly working on it with their private funds but now as the fundraising concept has changed to IEOs the team has decided to conduct an IEO and round 1 IEO is available at Probit exchange’s launchpad at a price of $0.015 per Corx with a bonus too, the listing and trading of corx tokens is also confirmed at Probit exchange and final dates will be announced after the end of IEO. Further IEO rounds will be announced later so keep following the project to know the dates of next round.

Conclusive Comments:
I have been following this project for quite some time now, the team is very passionate about this project and once one reads all the details he will definitely feel that energetic vibe. The team and their leaders are working on the project concept and development continuously for many years and now they are ready to come up with the final product. The idea of the project is excellent and the basic concept is to stimulate and promote the use of stable coins in multiple sectors and even rewarding the users for doing so. I am confident that the CorionX team will deliver on its promises and we will witness a successful project in the coming months.

Important Links and Resources:
Website: https://corion.io/corionx/
Medium page: https://medium.com/@Corion
Twitter page: https://twitter.com/CorionPlatform
Telegram group: https://t.me/corionx
Facebook page: https://www.facebook.com/CorionFoundation
Youtube channel: https://www.youtube.com/channel/UCD9royvfm_-02vV9eHvZk8A
Linkedin page: https://www.linkedin.com/company/corionplatform/

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