Kora
is a very popular musical instrument played in the feasts to give hope messages
to people in Africa. The project is inspired by this promising instrument and
has taken its name. When I investigated the reason, I saw that 2 billion people
in the world still do not even have a bank account and that Kora is a project
of hope for people to provide this service. Despite the fact that so many steps
have been taken in financial services, the fact that so many people do not get
into the banking portfolio really shows the importance of Kora.
Kora
Network has a structure that aims to establish a system that will revolutionize
the money transfers between countries in particular. Instead of expensive and
time-consuming local banking systems, Kora turns out to be a very useful
method. This system also allows you to use all your expenses as money.
It
also seems that Kora will have an important place in terms of allowing people
to make and receive money. Someone's investment seems to contribute to the
borrowing of the other.
Besides
these, Kora is coming with innovations that will make a huge difference. For
example, in many countries, people who are interested in agriculture are
struggling both to take immediate compensation for their work and to cheat.
With the Kora network, it is aimed to stay in the middle of them.
The
biggest problem of international aid to Africa is the inability to reach people
because of corruption. A very small part of the people of this continent is
quite rich, and the rest of them are in need of bread. Because of corruption,
countries around the world are looking for a safe method of knowing that they
will either never get help, or very few will be distributed to people. Kora
Network is confronted as a solution to this problem. International aid made
through Kora will be sent directly to the previously identified names through
their decentralized wallets.
As
advantages, we can list: Since Kora Network will provide services at a very low
cost, it is much more advantageous than existing banking systems. According to
the above-mentioned population, which represents 360 billion dollars today, the
population will increase by one fold every year and have a total economy of 3.5
trillion dollars in 10 years. This is the most important proof of how much Kora
has detected. Current banking systems do not take this population into the
portfolio at present, ignoring it. 2 billion people in the world without a bank
account do not really trust the bank. ATM, internet banking, etc. They find the
technology as dangerous. The fact that we can not see the future of the
economy, which we call financial literacy and the high-interest loans in those
regions prevent people from breaking the prejudices against the bankers. These
people do not have deposits that are too high to hold on to the bank and they
have to travel a long way to go to the bank. This causes people to see banks as
unnecessary places.
After
reviewing the project, let's examine the official cryptographic currency of the
project. The official cryptographic currency of Kora will be Kora Network Token
(KNT). Pay attention to this issue when KYC is requested in pre-sale. A minimum
deposit of $ 5,000 will define a bonus of 40%. Information on sales dates is as
follows:
February
24 - March 1: Whitliste registration and KYC.
March
2: Approval process for whitelist participants
From
March 5 to March 25: Pre-Sale Date Range (Minimum $ 5000 investment.)
March
26 to April 19: ICO Sales Date Range (no minimum)
When
we examine the project team, there is Dickson Nsofor and Maomao Hu at the head of the team.
Kora
Official Website: https://www.kora.network/
Kora
Official Telegram Address: https://t.me/kora_network
For Bounty: bountyhive.io/join/Kora%20Network
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