• Communication
  • Payment
  • Sofware

Kora Network 3.75/5 (1) - infrastructure for community owned financial systems

The Kora Network will be built on Ethermint, We chose Ethermint because it supports the Ethereum development community, which is the largest in the blockchain space, while also supporting high volumes of transactions and providing flexibility for more extensive user privacy. Producers will compete to be selected by publishing their hardware and network specifications, displaying their digital identity and making the Kora Network compliant with all applicable laws and regulations. Only the block producers with the best specifications and highest processing time will be consistently voted for. In this way, we will produce large blocks with significant amounts of transactions in a latency...

Token sale ended

3.8
Hype4.0
Security4.0
Team4.0
Vision3.0
  • Token: KNT
  • Price: 1 KNT = 0.1 USD
  • ICO start: 18 May 2018
  • ICO end: 31 May 2018
  • Country: Hong Kong SAR China
Report Changes

Please rate this

The Kora Network will be built on Ethermint, We chose Ethermint because it supports the Ethereum development community, which is the largest in the blockchain space, while also supporting high volumes of transactions and providing flexibility for more extensive user privacy. Producers will compete to be selected by publishing their hardware and network specifications, displaying their digital identity and making the Kora Network compliant with all applicable laws and regulations.

Only the block producers with the best specifications and highest processing time will be consistently voted for. In this way, we will produce large blocks with significant amounts of transactions in a latency of three to five seconds, leading to the scalability required for legitimate use cases.

Ethermint integrates with the Cosmos Network in order to build an “internet of blockchains.” By integrating with the Cosmos Network, we will be able to connect with parallel blockchains like Ethereum, Bitcoin, the Cosmos decentralized exchange and various others. As a result, the Kora Network will be100% interoperable with other blockchains.

KNTThe native Kora Network token will be referred to as “Kora Network Token” or “KNT” and will be used as the staking unit for selecting block producers, as well as a single medium to pay for costs incurred by the Kora Network. Holding KNT equates to having a partial role in the Kora Network.

When users transact on the Kora Network, they will pay a fee denominated in KNT and set by the validating Block Producer. The Block Producer shares this fee with the holders who voted for them. High transaction fees, which only benefit the block producers and stakers who voted for them, will prevent users from transacting on the Kora Network. The less transactions that occur on the blockchain, the less rewards all block producers and stakers will receive. Thus, KNT holders are incentivized to vote in block producers who keep transaction fees low.

Team

Dickson Nsofor

CEO & Co-founder

Maomao Hu

Co-founder and CPO

Oleh Ostroverkh

Chief Blockchain Architect

Socrates Ayvaliotis

Cryptoeconomic Design Lead

Roman Katsala

Lead Developer

Victoria Mygalko

Product Lead

Gideon O'tega

Africa Operations Lead

Bryan Uyanwune

Business Development Lead

Eugene Fine

Blockchain Advisor

Milestones

  • JUL 2017
    Seed Investment
  • AUG 2017
    Kora 1.0 Development Begins USSD, SMS & Mobile App
  • SEP 2017
    Kora 1.0 Launches on Ethereum Testnet
  • NOV 2017
    User Testing Launched in West Africa
  • DEC 2017
    Core Network Development
  • FEB 2018
    Pre-Sale
  • FEB 2018
    Kora 1.0 Launches on Permissioned Testnet
  • MAR 2018
    First Beta Launches
  • MAY 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

  • Platform: Ethereum
  • Price: 1 KNT = 0.1 USD
  • Accepting: ETH, BTC
  • Token distribution: 45% - Token Sale 20% - Reserved for growth 20% - Reserved for R&D 15% - Team
  • Soft cap: 10,000,000 USD
  • Hard cap: 339,753,302 KNT

Proof Points
4/5

Legal entity

Registered Address: Hong Kong

https://opencorporates.com/companies/hk/2618500

Prehistory of project

According to the roadmap, first Kora activities started at July 2017. No other prehistory were found

Product or its MVP

Kora Android app is ready to be tested

 Kora: Payments & Money Transfer (Unreleased) – скриншот

 

Blockchain experience

Dickson Nsofor and Maomao Hu – advisors at SureRemit

 

Lauren Harrington – Blockchain Advisor at block3

 

Advisor Dinis Guarda – Chairman/President of Ztudium

 

Advisor Nako Mbelle – Principal at Fintech Recruiters

 

Advisor Steven Sprague – CEO/Co-founder of Rivetz

Escrow

No escrow information were found

Comments

Update: 12.04.2018

Media

NewsBTC is a news service that covers bitcoin news, technical analysis & forecasts for bitcoin and other altcoins. Here at NewsBTC, we are dedicated to enlightening people all around the world about bitcoin and other cryptocurrencies. We cover news related to bitcoin exchanges, bitcoin mining and price forecasts for various virtual currencies.

Get the app

Featuring live charts, price analysis, breaking news, currency converter and more. The only bitcoin app you need!

We use cookies to give you the best online experience. By agreeing you accept the use of cookies in accordance with our cookie policy.