CorionX: A utility token for multiple purposes
INTRODUCTION
The global economy is inevitably moving towards a digital eco-system. From investment to money transfer, everything is going paperless. The newest and most promising addition to the digital payment sector is cryptocurrency. Through cryptocurrency all confirmed transactions are stored in a public ledger. All identities of coin owners are encrypted to ensure the legitimacy of record keeping. Because the currency is decentralized, you own it. Neither government nor bank has any control over it.
Blockchain is the reason why cryptocurrency has any value. Ease of use is the reason why cryptocurrency is in high demand. All you need is a smart device, an internet connection and instantly you become your own bank making payments and money transfers.
CORIONX MEANINGFUL DEFINITION
CorionX Platform stands for the adoption, usage and spreading of stablecoins, CBDCs, Openfiance, Crypto and DeFi solutions. CorionX provides benefits in usage and trading of stablecoins and DeFi cryptos to its users. This project also known as to be the "gas" of a stablecoin and crypto education infrastructures while also providing benefits in usage and trading of stablecoins and DeFi cryptos to its users. This Project was founded in late 2016 by a group of professional that later on i will be discussing one by one who is the team behind this project. This project was created for a purpose of development and expansion of stablecoins and cryptocurrencies in the world. As the industry is developing the Foundation expands its activities supporting digital payments, DeFi and CBDCs adoption. They have already conducting an ieo on https://www.probit.com/, you can refer to this link https://www.probit.com/en-us/ieo/corx-round1/0
PURPOSE OF CORIONX WHY IS IT CREATED
This project are created to educate people to understand stablecoins, CBDCs, DeFi and programmable cryptocurrencies better and show how they can be benefit to corionx platform in their everyday financial life and how the stablecoin and crypto world is developing across globally. Since they are already conducting an IEO on probit their utility token is
designed to reward contributors of the Stablecoin Movement and activate merchants and users to engage. This project also helps to raise awareness through the Stablecoin Movement and to scale up stablecoin and
cryptocurrency adoption. https://medium.com/@Corion/global-stablecoin-popularization-and-education-movement-9e47a19796b5.
BENEFITS OF CORIONX
Stablecoin and cryptocurrency projects, industry stakeholders and institutions can use the CorionX utility token in order to access the services. You can also use it to pay membership fees and other service fees of CorionX and Corion Foundation infrastructure in CorionX. Users will have an access to operate and transact on the network. And the holders are entitled to be rewarded 2.5% quarterly in the Loyalty Staking Program on their own right. When we say 2.5% quarterly loyalty staking program, users who operate and transact on the network, hold and use the tokens in
different utilities. In the Loyalty Staking Program 60.000.000 of corionX tokens will be distributed in 24 months followed the official launch. The Loyalty Staking Program will reward loyal token holders based on their average holdings in every quarter after the official launch in 8 installments. 2.5% Loyalty Staking tokens are distributed each time based on the average amount of tokens hold on public addresses during the last quarter, every 8 Quarter after the official launch
CORIONX TOKENOMICS
400,000,000 CorionX utility tokens is issued by the CorionX Project and it will be allocated in to two main parts. The 340.000.000 CorionX distribution will be given to the community through the Stablecoin Movement, Initial Exchange Offering (IEO), swap and Bounty teams and the Foundation. And the 60.000.000 CorionX tokens are allocated in to Loyalty Staking Program for CorionX token holders. The pool will be released in 24 months after launch
By the way before i forgot they have a promotional campaign to those participants who will promote the corionX platform will be rewarded based the allocation of the campaign. The program are already running until august 24, 2020 you can refer here https://bitcointalk.org/index.php?topic=5262143.0
ROADMAPS
THE TEAM BEHIND THE PROJECT
This project are founded by a group professionals, this group of people already have years of experience in blockhain and economic industry. The project are based on Switzerland, established in 2016 to support stablecoin movements. This are the following teams behind but suddenly i couldn't find other's linkedin profile. https://www.linkedin.com/in/miklosdenkler/, https://www.linkedin.com/in/tam%C3%A1s-magyar-811044185/, https://www.linkedin.com/in/hong-kwang-kim-718a4913b/, and https://www.linkedin.com/in/tibpalin/
CONCLUSION
The Foundation is working to create an educational infrastructure that makes stablecoins, DeFi and CBDCs more useful in everyday life. Through CorionX utility tokens issued by the Foundation, we help projects, service providers and users who believe in this mission and take a pioneering role. With appropriate risk assessment and engagement, we encourage everyone to take part in the spreading and everyday use of "stablecoins".
For future updates please connect with their different social platform to get you updated with everything, so have a nice day and good luck !
https://twitter.com/CorionPlatform
https://www.facebook.com/CorionFoundation
https://www.linkedin.com/company/corionplatform/
https://corion.io/corionx-whitepaper-en/#
https://www.youtube.com/channel/UCD9royvfm_-02vV9eHvZk8A
Author details:
Bitcointalk Name: Bodykeepers
Bitcointalk link: https://bitcointalk.org/index.php?action=profile;u=2737331
Eth Address: 0x2a50D141fBc35a9ccb6610B8a57cEAdB0c7C8848