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Korona Coin - Crown Your Life

clauming(7)

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#cryptotrading

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Introduction

Hi dears, another interesting project is being started. First of all, for who missed previous entries, what's a cryptocurrency? To be fast and concise, it is a digital medium of exchange. And the next question would be... What's your use? It is also easy to guarantee the security, integrity and balance of your financial statements by means of a network of agents (segmented file transfer or multisource file transfer) that verify (untrust) each other called miners, which are, for the most part, general public and actively protect the network (the web) by maintaining a high rate of algorithm processing, in order to have the opportunity to receive a small tip, which is distributed randomly.

All this racket of cryptocurrency has been increasing exponentially, however, most people know nothing about how blockchain technology works, what a smart contract is and how it could be used. For this very reason, I will first of all carefully introduce this type of blockchain technology.

The blockchain is a decentralized general ledger. It is a computer network that has an identical copy of the database and changes its status (records) to a common agreement based on pure mathematics. All this means that there is no need for any central server or any entity we trust (e.g. central bank, notaries, banks, PayPal, etc.). The blockchain is the technological basis for all crypto montages, whether Bitcoin, Ethereum, Hyperledger, etc.

An important part of the blockchain is the smart contracts, a piece of code that is stored in the blockchain network (in each participant's database). It basically defines the conditions to which all parties using the contract agreement. Therefore, if the required conditions are met, certain actions are executed. Because the smart contract is stored on all computers on the network, everyone must run it and get the same result. This way users can be sure that the result is correct.

After this brief introduction to the broad topic of Blockchain and Smart Contracts, we can already see that this technology opens many doors to new decentralized businesses and eliminates the need for expensive third parties. Many new companies are now working on this technology, and large companies are testing it in closed networks to collaborate directly with each other without the need for intermediaries. For that reason, there is a lot of projects that are starting to use this new technology. However, not all of them are worth it. We have to read well what each project is dedicated to, what is its whitepaper, its qualified advisors, etc. As I said, blockchain technology has gained popularity due to the hype about cryptocurrencies which has shaken many startups to launch their own cryptocurrencies even without convincing fundamentals. This trend has emerged because new entrants have been agiler in adopting emerging technologies compared to incumbents who are hampered by legacy systems. However, this competitiveness and this advantage enjoyed by the new players may be short-lived, as no economies of scale are taken into account.

For this reason, the project I am going to present you is Korona Coin, an European crypto library, designed to balance the missing link between the cryptographic economy and the real world economy, and to buy goods and services.

Presentation

Definition

As I said before, Korona Coin (KOT) (https://www.koronacoin.io/) is a complete and integrated banking services package backed by a new and efficient transfer technology and a complex ecosystem that includes a wide range of banking and commercial services. It will jointly lend to both private clients and companies in order to solve the missing link between the cryptographic economy and the real world economy and acquire goods and services.

Goals
The main objective of the Korona Coin Platform, as stated above, is to establish the missing link between the cryptographic economy and the real world economy, thus providing complete packages of integrated banking services for both private clients and business customers and will offer a wide range of goods and services for purchases online or in real stores.

Benefits

Korona Coin offers one of the largest ranges of benefits in the world of ICOs:

Easy-to-use, transparent and licensed platform
Integrated bankable service packages
Wallet management
Fiat exchange
Efficient payment technology
Support services such as support for tax information
Customer protection
Commercial guarantees
Support for marketing or even access to markets
Marketable goods and services
Valuable financial benefits in form of cost and price reductions and rewards

How it works

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First of all, the Korona framework will include a digital payment platform easily integrated into any third-party online store platform in order to provide the necessary link between e-commerce stores and payments in cryptocurrency.

Besides, speed and security are the main features of the newly developed Korona payment processor API. Thus, it incorporates all the protection and security features of the traditional fiat based payment systems but is combined with the additional benefits of decentralized blockchain based systems.

Finally, customers and stores will benefit from the advantages of decentralized payment technologies by equipping online stores with the Korona digital payment platform.

Roadmap

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Airdrop

The project gives the opportunity to earn Korona Coin performing some social media tasks and doing simple steps from the bounty program explained to Bountyhive. Here (https://bountyhive.io/browse/Korona%20Coin) you can access to the link in order to see what are the conditions to become an early KOT contributor and start acquiring tokens.

Doesn't that sound interesting? If you are interested in this airdrop or basically in the ICO, you can read their Whitepaper here (https://www.koronacoin.io/Documents/KoronaEcosystemWhitePaperFinal.pdf). You can also stay tuned in their official Telegram group (https://t.me/koronacoinico). I hope you liked the post and soon I'll send you new ones.

Team