#KORA..? what is it? Have you heard it somewhere?
Kora is a popular musical instrument in the Western/Eastern region of Africa frequently played in songs of celebration or to pass a message of hope to its listeners.
#What is kora network?
Kora network is an infrastructure needed for inclusive, community-owned financial services ecosystems powered by blockchain technology. Kora network based on these characteristics.
- Universal access
2.Engaging with existing communities
3.Ecosystem approach
4.Low cost
#Why Kora Network so important?
Kora is a project of hope for billions of people who are underserved by the current financial system and are burdened by expensive and inconvenient access to financial services. We aim to use blockchain to lower cost and increase access to financial services for a huge part of the world.
Main targeting community is the rural community who don’t have bank facilities/bank accounts. According to sources 2 billion people around the world cannot access these services due to these barriers
There is little opportunity for existing financial institutions
The economics of traditional banking result in prohibitive prices
Lack of identification documents
Lack of trust and technological understanding
Lack of financial literacy
#Kora Ecosystem
Kora has unique Ecosystem. There blockchain stores identity and transactions run software modules and connect to other blockchains while preserving user privacy. They use Tendermint DPoS as a consensus algorithm, allowing for scalability while maintaining decentralization. The blockchain is secured by the Kora Network Token (KNT)
#Roadmap
JUL 2017 — Seed Investment
AUG 2017 — Kora Development Begins USSD, SMS & Mobile App
SEP 2017-Kora 1.0 Launches on EthereumTestnet
NOV 2017 — User Testing Launchedin West Africa
DEC 2017 — Core Network Development
FEB 2018 — Kora 1.0 Launches onPermissioned Testnet
MAR 2018 — Pre-Sale
MAR 2018 — First Beta Launches
APR 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
#Kora token
kora is a ERC20 token which based on the etherium network.
Token symbol-KNT
#How To Contribute to the Kora Network Token Sale?
Private sale($1 million) and pre-sale($3 million) already completed. Public sale ($20 million) will be started on 26th March 2018.
Pre-Sale : $3 Million Sold Out
Public Sale : $20 Million starts at 20% Discount
Public Sale Dates : 2nd April 12 pm UTC — 30th April 12 pm UTC
Token Supply : 755,007,338
Tokens For Sale : 339,753,302
1 KNT = $0.1
Payment Method : BTC & ETH
The token sale opened only for whitelisted members. You can get whitelisted by clicking on below link
https://kora.network/#whitelist
If you are whitelisted individual, you will receive an invite for the token sale to the email you have signed up. Then you have to register and follow verification process. It’s a simple process which will take less than 5 minutes.Now can send funds (Etherium or Bitcoins) via your wallet to the contribution address. After block confirmations, you will see your KNT tokens on the dashboard.
How can I get more details about this project?
Website : https://kora.network/index.html
Whitepaper : https://kora.network/downloads/Kora%20White%20Paper.pdf
Medium articles : https://medium.com/kora-network
Reddit : https://www.reddit.com/r/koranetwork
Twitter : https://twitter.com/Kora_Network
Telegrame : https://t.me/kora_network
Github : https://github.com/koranetwork
My bountyhive username : rakshananm