KORA-An Infrastructure for Inclusive Financial System

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Problems

Access to financial services is uneven and expensive due to five main barriers.

• High Cost to Serve
• Misconception that the Underserved have Little Value
• Lack of Identification Documents
• Lack of Trust and Technological Understanding
• Lack of Financial Literacy

Solutions

• Banks
• Local Ad Hoc Networks
• Mobile Money
• Blockchain Projects

By learning from the past, we can build a better future. We believe the solution for wide-scale, sustainable adoption of a financial services platform would require:

1. Low Cost - The people with the least wealth are those who need financial services the most. We aim to include everyone in the Kora Network.
2. Universal Access - Even if they don’t have Internet or extensive technological understanding, we expect that everyone will benefit from Kora.
3. Engagement with Existing Communities - Local financial service providers and networks have always existed. Kora will enable them instead of replacing them.

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.

Purpose of the kora 

We aim to free the trapped capital, intellect,and creativity of the long tail through selfsustaining,community-owned ecosystems.

Project Kora 


The Kora Project is a project of hope for billions of people who are under served by the current financial system and are burdened by expensive and inconvenient access to financial services,Visit https://bountyhive.io/join/Kora%20Network and join us.

Kora Network Token (KNT)

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.

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]visit more information https://kora.network/downloads/Kora_Vision_Paper_International.pdf

• 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 hardcap
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

Use of Funds

Team

• Dickson Nsofor CEO & Co-Founder 
• Maomao Hu COO & Co-Founder

Advisors

• Faisal Khan Leading Banking & Payments Consultant 
• John Edge Chairman, ID 2020 
• Nako Mbelle CEO, Fintech Recruiters 
• A.A Atayero Wireless Network Researcher, Covenant University

Roadmap

Token ownership will be outline in the terms and conditions provide at https://kora.network/ - the official Kora Network ico website.

For More Information,please visit the link below :

Website : https://kora.network/

Whitepaper : https://kora.network/downloads/Kora_Vision_Paper_International.pdf

Facebook : https://web.facebook.com/thekoranetwork?_rdc=1&_rdr

Twitter : https://twitter.com/Kora_Network

Telegram : https://t.me/kora_network

Author : chaukhchi

Profile Bitcointalk : https://bitcointalk.org/index.php?action=profile;u=1370037

Eth Address Wallet : 0x8725Dcd3B510ef1bB8Ea5b86Eb361Df93155DBe5