Connecting people, communities and capital.
Kora Network
An Infrastructure for Inclusive Financial Systems
The Kora Network is built on four layers of infrastructure to provide a low cost, universal access financial services platform accessible via SMS/USSD or via a mobile app, enabled by blockchain technology. By drastically reducing the cost and time required to provide financial services, and drawing a diverse set of stakeholders into an interoperable network, it will unlock the Long Tail of the global economy, benefiting populations most in need and enriching the global economy by unlocking the capital, intellect, and creativity of the underserved.
Low Cost
Kora supports everyone regardless of level of wealth.
Universal Access
Kora is accessible without internet or a smartphone.
Community Engagement
Kora empowers existing communities instead of disrupting them.
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.
Roadmap
JUL 2017 -- Seed Investment
AUG 2017 -- Kora Development BeginsUSSD, SMS & Mobile App
SEP 2017 -- Kora 1.0 Launches on EthereumTestnet
NOV 2017 -- User Testing Launchedin West Africa
DEC 2017 -- Core Network Development
FEB 2018 -- Kora 1.0 Launches onPermissioned Testnet
MAR 2018 -- Pre-Sale
MAR 2018 -- First Beta Launches
APR 2018 -- Public Sale
MAY 2018 -- First Beta meets all milestones
AUG 2018 -- Launch Pilot in Africa
MAY 2019 -- Asia & Global Expansion
NOV 2019 -- Kora 2.0 Launches
Token Sale Details
The launch of the Kora Network, and the token creation and emission process, will be organized
around the Kora Network public blockchain. The goal of our token sale (the Token Sale) is to
decentralize ownership of KNT to ensure the crypto-economic stability of our network, and to
exchange KNT for capital to execute on our vision of unleashing the world's potential for wealth
creation and becoming a leader in financial services [for the unbanked].
• Contributors supporting the development of the Kora Network can do so by sending Bitcoin or
Ether to the designated address.
• The KNT received by a contributor is fixed at the USD price at which they bought it. The hard-cap for the Token Sale is $24 million.
• Further details about the Token Sale will be released online. Sign up on our website to stay up
to date, and to complete the contribution process.
• The Token Sale will be split into two phases: Pre-Sale and Public Sale.
• The minimum investment amount for the Pre-Sale is $5000.
• There is no minimum investment amount for the Public Sale, and the maximum is $1 million
per unique identity.
• Excess contributions will be refunded.
• Kora Technologies Limited controls the contract, and the multi-sig address to which funds will
be sent.
• KNT will be distributed to Contributors as an ERC20 token after the token sale is completed.
KNT-ERC20 tokens can be redeemed for KNT on the Kora Network when the public blockchain
is launched in Q3 2018.
• All unsold tokens will be burnt.
KNT Supply
Token Sale -- 45% - 339,753,302 Sold to raise funds and increase liquidity of KNT.
Reserved for growth -- 20% - 151,001,468 Locked up for a minimum of one year and released as necessary. Used for establishing partnerships, onboarding users, and expansion into new
markets.
Reserved for R&D -- 20% - 151,001,468 Locked up for minimum of two years and released as necessary. Used
to develop protocol and shared infrastructure.
Team -- 15% - 113,251,101 Team Token Grants that will be locked up in a two year vesting period with a 6 month cliff.
Use of Funds
Research & Development -- 50% Research, development, and maintenance of the Kora Network and any software deployed in the Network. Will be distributed to various development groups and
individuals.
Network Growth -- 30% Onboarding users onto the Network, maintaining a positive user experience,
compliance with various government regulations and other tasks needed to grow the Network. Will be distributed directly to Providers.
Kora Accelerator -- 10% Primarily for seed funding of startups that build value-add applications on the Kora
Network. Will be distributed directly to startups in exchange for equity.
Social Impa Investment -- 5% Used for funding of social impact projects that help build out the Kora Ecosystem.
Legal & Token Sale Marketing -- 5% To cover costs of forming the optimal legal structure for the Token Sale, for
marketing the Token Sale, and the final Token Sale audit.
Whitepaper: https://kora.network/downloads/Kora_Vision_Paper_International.pdf
Links:
http://www.kora.network/
Facebook: https://facebook.com/thekoranetwork
Twitter: https://twitter.com/Kora_Network
Reddit: https://www.reddit.com/r/koranetwork
Telegram: https://t.me/kora_network
Github: https://github.com/koranetwork
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