KORONA COIN : Decentralized marketplace based on the revolutionary Lightning Network technology.
A new era has come Technologies are changing the world. What previously seemed to be impossible, today is already the reality. .So,let us understand what project KORONA COIN is all about.
Korona Coin is a new blockchain project with a focus on the European market. What makes Korona Coin different is that it isn’t trying to reach the entire world. The team wants to focus on Europe and offer that market strong financial services. Korona Coin plans to offer bankable services to private and business customers. That means each user can expect features such as a wallet, low-cost payments, a fiat exchange, client protection, tax support, and more. Korona Coin’s team hopes that these features can eventually lead to widespread adoption and eventually a higher valuation for the token. But if Korona Coin succeeds, it will do more than—it will also lead to disruption in the e-commerce space.
A blockchain is a digitized, decentralized, public ledger of all cryptocurrency transactions. Constantly growing as ‘completed’ blocks (the most recent transactions) are recorded and added to it in chronological order, it allows market participants to keep track of digital currency transactions without central recordkeeping. Each node (a computer connected to the network) gets a copy of the blockchain, which is downloaded automatically.
Korona’s Ecosystem provides complete integrated bankable service packages that shall be provided jointly for both private and business customers. Users shall be provided with easy-to-use, transparent and licensed platforms that fulfill their complex needs, including among others wallet management, fast and low-cost payment technology, as well as fiat exchange. Additionally, Korona will provide its users supporting services such as taxation information support, client protection, commercial guarantees, as well as marketing and market access support.
The Korona ecosystem will provide an accessible and usable web store platform to be used and accessed by the local businesses so that they can perform e-commerce activities.
The ecosystem will provide integrated and complete service packages for businesses and private customers. The users will have a transparent, easy to use and licensed platform that can meet their complex needs such as efficient payment technology, wallet management, and fiat exchange. Additionally, customers will be able to get support services including taxation information, market access support and client protection among other support services.
The platform will also provide marketable goods and services that can be purchased online or in real stores. The platform also plans to benefit its users in terms of reduced prices and costs and a chance to earn rewards for those who spend or buy tokens.
FEATURES OF THE PLATFORM
Reward System – Earn Korona Coins by sharing your personal referral link.
Mobile Wallet – Access your korona wallet anytime, anywhere with our mobile application.
Business Wallet – Providing transparency for government entities about your business.
Korona API – The Korona API specifically developed for seamless and secure payment integration.
Korona Crypto bank – Certified support for the commercial activities of registered business.
Marketing Support – Marketing program for companies and vendors that accept korona payments.
Fiat Guarantee – A solution for merchants to receive fiat currency without a third party.
Instant Pay – Forget about long transaction times thanks to the Raiden Network technology.
Personal Storefront – Create your personalized storefront within the Korona Marketplace.
Volatility Tempering – Their volatility tempering mechanism will reduce short-term volatility of the market.
BENEFITS OF KORONA COIN
Korona Coin will make it easier for users to buy and sell goods online with cryptocurrency and blockchain technology. Korona Coin will provide users the ability to conduct transactions that can’t be censored by government actors or third parties. Korona Coin will have a number of merchants who operate within the platform, allowing users to instantly make low-fee purchases for a wide range of products in the European market.
Korona token holders will be able to stock and also to use their tokens for effecting transactions and purchasing products and services regularly. A complete network of online and real stores will be built up where tokens will be accepted.
Token holders will gain benefits when using the system:
REDUCED TRANSACTION COSTS
Transaction costs will be reduced by each payment. The reduced costs will be indicated in the final price of the purchased item: Token holders will simply pay less for the same goods, compared to others using cards and POS terminals for payments. Depending on the country, this may result in 1-4% price difference.
ADDITIONALLY REDUCED PRICES
Consumer prices will be additionally reduced. When building up the Ecosystem, participating shops will be incentivized to provide additional price reductions continuously and/or occasionally to Korona customers. Similarly, to existing consumer networks, token holders shall find reduced prices by ranging between additional 5-20%. In exchange, shops providing extra reductions or occasional “price actions” will be highlighted for our users and our token holders will receive information on reduced prices online or on their smartphone.
FREE TOKEN REWARDS
Token users will receive free token rewards. As an incentive, but also as reward, Korona token users will receive bonuses in form of Korona tokens based on their usage of the digital payment system. Yearly, 50% of the post ICO distributed Tokens will be allocated for free for our users – please see Token Distribution.
Protecting clients from frauds. To protect customers, but to also provide security to e-commerce stores, a new feature will be designed to safeguard not only the transactions, but also the deliveries. The client’s payment will be transferred and safely held until the transaction has been “validated”. The stores will have the possibility to decide whether to secure the reserve in Korona tokens or in local fiat. The validation period varies across vendors. This proprietary process protects clients, mitigates risks, and allows for the possibility for a quick refund process, while holding sellers to a high standard of conduct when dealing in Korona tokens and selling on our platform.
TOKEN AND ICO DETAILS
Tokens Korona Coin will be issued by a non-profit foundation in accordance with Swiss law. Korona Coin is subject to verification in accordance with the Swiss rules. The team of creators and developers also has vast experience and reputation for business development, company promotion and management.
Token – KOT
Price – 1 KOT = 0.43 USD
Platform – Ethereum
Accepting – ETH
Minimum investment – 0.15 ETH
Soft cap – 3,500 ETH
Hard cap – 120000000 KOT
Country – Switzerland
The ICO stages started on April 23 and today a 25% discount is available for the purchase of the token. The minimum purchase amount is 0.15 ETH.
THE BRAINS BEHIND KORONA PROJECT
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