CorionX; Bringing about a massive change in the way people see stablecoins and cryptocurrency

hamzeto (55)in #corionx • 4 years ago

Money on itself do have no actual value, it could be in the form of a metal coin or even a piece of paper. It’s value is symbolic and it does convey the importance we place on it. It’s value is determined by its function; as a unit of measurement, a medium of exchange or a wealth storage unit. It allows people to exchange goods and services, aids the communication of the price of these goods and services and proves a way for them to store their wealth in the long run.

Money is so valuable because it’s recognized as the accepted forms of payment and throughout history, it has evolved from bartering to cryptocurrency. With the introduction of blockchain technology, there has been an increased acceptance of cryptocurrency as a form of money as it does have all the major characteristics of money and can be used by both merchants and individuals for their transactions. It showed an edge over the traditional currency or fiat as transactions were faster, safer and easier to track. Transactions could be done from any part of the world with no fear of cultural or currency differences at any time of the day with low transaction costs. But one problem emerged, cryptocurrency was too volatile.

Due to the evolution of blockchain technology, cryptocurrency too has also evolved and brought about the “stablecoins”. The advantage the stablecoin has over the usual cryptocurrency is that it’s usually backed by other stable assets like the USDollar and the Gold thereby giving it a low volatility. So it’s value could be maintained and it becomes a much better form of payment.
Currently a project is being developed to iron out the problems of the stablecoins and it will be one of the first of it’s kind and its called CORIONX

What is CorionX?

This is a project which was developed by the Corion Foundation, a Swiss based company in 2016, with the sole aim of adoption, usage and spreading of stablecoins all over the world. With this project, it hopes to create a massive adoption of stablecoin, Open Finance, Decentralized Finance, Central Bank of Digital Currencies and other major cryptocurrencies among all major stakeholders, merchants and startups by integrating them into an e-wallet. This way, payments can be done from any part of the world irrespective of the wallet being used.
One of the major ways the Foundation does this is with the creation of the movement called “Stablecoin Movement” and the #MoneyInTheRightDirection. This involves the popularization and education of the stablecoin to all participants in the Finance industry as well as collaboration with other Financial and Cryptocurrency currency projects to ensure the usage of Stablecoin as a form of payment.
Through partnerships and collaboration, it will be able to create the following infrastructure that will offer a better payment solution and they include

Wallets for the storage and transaction of stable coins and CBDCs
Exchanges “Swap” interfaces, DEXs, Fiat-Stablecoins Gateways, Liquidity providers
Merchant Gateways, Payment providers
Lending, DeFi (Decentralized Finance)
Issuers and service providers of CBDCs
Other traditional and crypto businesses, platforms, protocols, dapps, applications and nonprofit organizations

The Corion X token

This is a utility token which is backed by the ethereum blockchain and it's an ERC-20 token that has the ticker of CORX. The CorionX token is not a stablecoin but it acts as a form of “gas” for the adoption of stablecoins. With the CorionX token, stablecoins,cryptocurrency projects and other stakeholders will be able to have access to the Foundation services, and through membership, they will enjoy all the benefits of the platform. This way, they will have full access to the CorionX infrastructure. This token will also be used to reward all the collaborators of the CorionX movement and also to encourage merchants to encourage the use of stablecoins and cryptocurrency among their consumers by cashbacks and promotion. Users can also use this token as a form of collateral for stablecoins.

TOKENECONOMY:

• Token nаmе : CоrіоnX ( CORX )
• Plаtfоrm : Ethеrеum
• Tуре : ERC-20
• Tоtаl Suррly: 400,000,000 CORX
• CоrіоnX іѕ currently running an IEO in Probit and u could access that by clicking on this link

Note: The CorionX token isn't a stablecoin but acts as a form of mediator between stablecoins and other cryptocurrency projects and the CorionX platform. CorionX hopes to release their own unique stablecoin in the future and it will be called “Corionpay”.

Final Thoughts: Will the CorionX platform be able to tackle the current problems facing stablecoins and other cryptocurrency projects?

Yes! The CorionX is a unique project, the first of its kind that will enable the promotion and massive adoption of the stablecoins and other cryptocurrency projects among major stakeholders and merchants with their very own unique movements and services. Through collaboration, this project will bring about a revolutionary change to the finance and transaction services.