KORA - Infrastructure Inclusive,Community Financial Systems

What Is Kora ???
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.

Kora is also a project of hope for billions of people who are underserved by the current financial system website https://kora.network/

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 https://bountyhive.io/join/Kora%20Network

The Kora Ecosystem

Kora’s key differentiator is its ecosystem.
Our blockchain stores identity and transactions, runs software modules, and connects to other blockchains while preserving user privacy. We use Tendermint DPoS as a consensus algorithm, allowing for scalability while maintaining decentralization. The blockchain is secured by the Kora Network Token (KNT).

eFiat are digital versions of national currencies that users understand and trust. They are 100% backed by cash reserves, and redeemable on a 1:1 basis.

CVNs empower users to pool capital for lending or investment, social assistance, financial education and other services..

Participants

Users can be anyone who wants to join the Kora Network. All users will need to comply with the regulatory framework in their country of residence in order to access the Kora Network.

Providers will give users access to financial services on the Kora Network and will be responsible for regulatory compliance. They are expected to be banks or other financial service providers such as mobile transfer operators or mobile money operators. They will use the Kora Network because they receive a turn-key platform, access to a new market, and a white-label customer interface with KYC tools.

Agents will be the cash points that convert between eFiat and physical cash for commissions. They will be small businesses that accumulate cash, such as local convenience stores and gas stations.

 Merchants will be businesses that accept eFiat as payment methods.

Community Value Networks

Kora aims to empower instead of displacing existing communities. Communities already providing ad hoc financial services will join the Kora Network as Community Value Networks (CVNs). CVNs can be utilized for a variety of use cases:

FARMING COOPERATIVES
Farming cooperatives can use a CVN to ensure the proper use of funds when buying commodities, selling produce and distributing proceeds.

SAVINGS GROUPS
Savings groups can use a CVN to securely pool capital in eFiat and govern the use of that capital.

NATIONAL TRADE UNIONS
National trade unions can set up CVNs both nationally and as local chapters to establish anticorruption practices and operational transparency.

Network Architecture 

To build a robust financial services infrastructure, we built four fundamental functions into the Kora Network.

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.

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

Detail More Information :

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

Username : Ta.Form

Profile Bitcointalk : https://bitcointalk.org/index.php?action=profile;u=1109350

ETH : 0xaFA49103b15834D6bCF6ac5a2664b0c85e379b4E