Kora Network provides access to financial services to everyone especially who don’t have proper financial access. The Kora network is a blockchain project for a social cause. Some people are excluded from better financial solutions and services due to high costs, poor access to banking locations, poor understanding and lack of infrastructure. Kora team believe that blockchain technology can impact this sector and make a positive change. Blockchain technology is still in their infancy stage and there is a high possibility of growth. Kora Network can revolutionize financial industry using blockchain technology. It can provide the infrastructure for inclusive financial systems among communities. Kora Network, based on blockchain technology which is built on four layers of infrastructure to provide low-cost financial services platform that is universally accessible via SMS on feature phones, or with internet access using a mobile app.
Communities need self-sustaining financial ecosystem which can be created with the help of kora network. Currently, the Kora Network is planning to launch a beta product which will solve many problems for farmers. It will allow easy money transfers between suppliers and farmers. The Kora Network will help the communities in circulating and accumulating capital which will allow them better access to financial services. Kora network provides tools and infrastructure for creating financial systems which can help communities. The Kora Network has also featured in media and press including HuffPost, Cointelegraph, and CoinGecko. The Kora Network algorithm will allow them to grow using decentralization technology. Using Kora network, communities will be able to validate identity and to use that identity to store, transfer money, to make payments, and to provide services like lending etc. The best feature is that it even doesn’t require Internet. It will provide these services using SMS facility.
The team of Kora Network consists of Dickson Nsofor (CEO & Co-founder), Maomao Hu (COO & Co-founder), Oleh Ostroverkh (Chief Blockchain Architect), Dan Buckley (CFO), Socrates Ayvaliotis (Cryptoeconomic Design Lead), Roman Katsala (Lead Developer), Victoria Mygalko (Product Lead), Zahen Khan (Head of Marketing), Lauren Harrington (Business Analyst), Gideon O’tega (Africa Operations Lead), Bryan Uyanwune (Business Development Lead), Eugene Fine (Blockchain Advisor).
The project will use KNT tokens. KNT token is a utility token. KNT token is based on Ethereum blockchain. KNT tokens are developed using the ERC20 market standard. By holding KNT tokens, you will be able to hold some role in the Kora network usage and function. When users will make a transaction on the Kora Network, they will pay a fee denominated in KNT which will be decided by block producer. The block producer will share this fee with the holders. The cost of 1 KNT token is 0.1 USD. The tokens can be purchased using BTC and ETH. The public sale will start on 2 April 2018 and will end on 30 April 2018. The total supply of KNT tokens is 755,007,338 while the total number of tokens available for sale will be 339,753,302. The soft cap of KNT ICO is $10 million, and the hard cap of KNT ICO is $24 million. All the unsold tokens in KNT ICO will be burnt. KYC and whitelist process is required. You will have to complete registration and KYC process to purchase KNT tokens.
The following links related to Kora Network can be useful:
Kora Network Website
Kora Network Whitepaper
Kora Network Bitcointalk Announcement
Kora Network Facebook
Kora Network Twitter
Kora Network Telegram
Kora Network Reddit
Kora Network Bounty Campaign
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