KORA

Today, when the whole world is connected and everything seems more available than ever, you would not believe how many people can not prove their identity or how many are lacking basic financial services. That represents a huge problem in performing daily activities and tasks.

Main barriers that make access to financial services uneven and expensive are high bank charges, so as a misconception that underserved customers would be transacting low value amounts and would not be profitable for bank requests. One of important barrier, that is issue in developing countries, is lack of identification documents which are required for opening a bank account. Two others are perception of bank as unsafe and untrustable, and limited financial literacy which often leads to making poor financial decisions.

Even tough there are some attemptions to deal with these problems, each of them has some disadvantages.

THE KORA ECOSYSTEM

The Kora, self-sustaining and community-owned ecosystem, is the great opportunity to end up with these troublesome situation. User can become anyone who wants to participate in these life-changing project.

Digital versions of national currencies that Kora will be using is called ''eFiat''. Backed by cash reserves, eFiat will provide benefits of digital curreny for users in a more understandable and trustable way.

By providing universal access, even with the cheapest phones instead of smartphones that cost a fortune, system offers simple operations at low cost. Lack of official or valid identification documents will no longer be a barrier to access financial services. Focusing on privacy, the actual proof of identification will be developed on the model by uPort and the users reputation will be built on their actions within the Kora network.

NETWORK ARCHITECTURE

The Kora Network will be built on Ethermint, which supports the Ethereum, largest development community in the blockchain space. Integrating with the Cosmos Network, Ethermint's goal is to build an ''internet of blockchains'' and connect with blockchains like Etherum, Bitcoin, the Cosmos and others. Therefore, the Kora Network will be able to interoperate with these blockchains.

By publishing their hardware and network specifications, producers will compete to be selected and to become a part of the project. Best qualified block producers will be voted for.

KORA NETWORK TOKEN

Kora Network Tokens, KNT, are ERC20-based Ethereum Tokens. They are used for choosing block producers and also for paying costs arissing from the Kora Network. Token emission will be held through the Initial Coin Offering in the April 2018, around the Kora Network public blockchain. The token sale is split into two distinct sales; Pre-Sale and Public Sale.

Funds raised will be used for the future research, growth and development. Whole process will be under surveillance of the Board of Advisors.

Goal of the team is to decentralize ownership of KNT and to exchange Tokens for capital. Thereby, crypto-economic stability of the project would be accomplished, so as a vision of becoming a leader in financial services and possible creation of world's wealth.

If you would like to learn more about situations where Kora Network contributes to the community, please visit their whitepaper: https://kora.network/downloads/Kora_Vision_Paper_International.pdf.

For other important informations, you should visit: • Official Web Page https://kora.network/
• White Paper https://kora.network/downloads/Kora_Vision_Paper_International.pdf
• Facebook https://www.facebook.com/thekoranetwork
• Twitter https://twitter.com/Kora_Network
• Telegram https://t.me/kora_network

If you would like to join the bounty campaign, please click here: https://bountyhive.io/join/Kora%20Network

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