The Corion Foundation launch the CorionX utility token in 2020. This will be used to support the Global Stablecoin,CBDC and Cryptocurrency Populariztion & Education Movement and serving an access to the Foundaiton's seices and utilities. Why do bitcoins possess value?
Cryptocurrencies have value becaused they are useful just like money.Crypto has the characteristics of money based on the properties of meathematics rather than relying on physical properties like gold and silver or trust in centralauthorities.In short,Bitcoin and other cryptos are backed by mathematics.The value can be measured by its growing base of users.Like with all currency, bitcoin's value comes only and directly from people willing to accept it as payment.
Cryptocurrencies are in their infancy, but they can represent all the functions of money like medium of exchange,measure of value, store of value, unit of account, a standard of postponed paymnet,the basis of credit.The most function of medium is performed my cryptocurrencies. 21st century will witness the fact that the bank transfers will be accessible to everyone,immediately,inexpetsively, safely, 24/7,anywhere in the world.As of now we cannont perform any bank transfers in the weekdays and any holydays. But the problem is going to be eleminated by the cryptocurrency through blockchain system.Payment asset must have a predictable vaue to achieve mainstream adoption by the world population.Value is adjusted to one of the global currencies ( USD,EUR or some other fiat money). Who choose a stablecoin?
We can keep our payment asset on our own account. We can transfer access regardless of our e-Wallet provider. Currently the technology works only online but as the pace of development of technology, payments in offline stores will also be possible in near future.Transferring via blockchain has lot of advantages:
1) Transactions are unfalsifiable
2) Fast transactions across the globe.
3) Easy to track for both parties
4) Low cost
5) Opening an account online that is accessible within minutes
6) Make a transfer round the clock
7) You can spend it on any product or service world-wide
8) Use it regardless of your wallet provider
9) Easily integratable to any wallet
10) Provides a solution for micropayments
11) Low transaction fees
12) Due to a large community the usage and storing are made especially easy
Target Group:
It can offer a solution to billions of people. It will grow into a multi-billion dollar industry
i) Solution for money transfer for the underbanked / unbanked
ii) Young people,who are very open for the next generation technology,
iii) People preferring discretion. (e.g.: gambling or adult industry)
iv) People loving easy to use, simple and fast payment wallets
v) Great alternative for citizens of countries with a very volatile currency (like Venezuela etc.)
vi) Traders, using stable cryptocurrency as an intermediary asset on exchanges to change volatile assets to the stable asset.
How does Decentralized Finance (DeFi) utilizing stablecoins
Stablecoins commitment is to make money and payments universally accessible to anyone,regardless of locaiton.The Decentralized Finance (DeFi) i.e.,called OpenFinance movement makes the above possible a step further. Imagine a global, open alternative of all financial service like — savings, loans, trading, insurance and more — accessible to anyone in the world through trustless and transparent protocols working without intermediaries. DeFi stands for “decentralized finance” and is comprised of financial applications that are being developed on top of blockchain systems.
Something miraculasly is happening in the open financial system — cryptocurrencies and stablecoins are bringing money online, and a quantum leap in what’s possible when it comes to the functionality of money is being observed. Stablecoin and DeFi investors, backers Global companies, funds, ventures, angel investors, backers are already forming partnerships with stablecoin providers and DeFi protocols: Polychain Capital, Cervin Ventures, R&R ventures, SV angel, Social Capital, Nima Capital, Kilowatt Capital, Andreessen Horowitz, Winklevoss firm - Gemini Trust Company, Jack Dorsey, Coinbase, Bain Capital Ventures, Foundation Capital, Valor Capital Group, Sky9 Capital, AlphaCoin Fund, Plug and Play, General Catalyst, Digital Currency Group Pantera Capital, True Ventures, Founder Collective, Slow Venture, FBG Capital, Alphablock Investments, Astronaut Capital, AlphaCoin Fund, Magnet Capital, Beachhead Venture Capital, Sandbar Investments, Founders Fund, Slow Ventures, ZhenFund, GGV Capital, JumpCapital, Signia Venture, BitmainBreyer, CapitalIDG Capital, Goldman Sachs, General Catalyst, BaiDu, IBM, SunValley Investments, Colombian Mint, Providencia Gold Corp, Quintana, Eaton Gold, Ceyuan Ventures, Cherubic Ventures, Danhua Capital, JRR Crypto and BlueGold CorionPay stablecoin.
Foundation plans to issue a stablecoin called “CorionPay”to be issued as soon as the legal and regulation framework are clarified and the necessary authorizations obtained. Corion Foundation ( Swizarland ) Corion Foundation is founded in 2016 which was created to help the development and expansion of stablecoins and cryptocurrencies.
The need for blockchain-based stable price payment asset (stablecoins) has been demonstrated in the section on market information. We are increasing the adoption of programmable crypto assets and stablecoin in the daily life with the our infrastructures. CorionX utility token is functioning as an incentive for the usage of stablecoins and cryptocurrencies.We are aiming to encourage world-wide adoption of stablecoins, Decentralized Finance (DeFi), Central Bank Digital Currencies (CBDCs), and other reliable cryptocurrencies (like Bitcoin, Ethereum etc.).To help the unbanked, young people gain access to swift, safe and cheap banking. We support projects working on such developments and growing their client base, and infrastructure.We are determined and will do everything possible to make stablecoins and cryptocurrencies available in most e-wallets, making them accessible in more and more regions of the world. This helps users, to have access to stable pay-per-click, crypto payments, regardless of what wallet they use.
Hundreds of millions of people will use stablecoins, money transfer and finances. So, there is a significant chance, that stablecoins will become the dominant player in the digital financial market soon.
ROAD MAP
2016
1.Stablecoin Mission
2. Market research
2017
1.Team and Developers
2. Foundation established
3. Corion Wallet 1.0
4. Corion Coin experiment
2018
1.Corion support
2. Corion Safe Look
3. Collaboration with stablecoin projects
4. Corion Foundation website
2019
1.Stablecoin Scoring
2. Stablecoin related services
2020
1.CorionX whitepaper
2. Stablecoin Movement Launch
3. Begining of Stablecoin Movement programs
4. IEO & Exchange Listings
5. Partnerships
6. Roadshows & Events popularizing stablecoins
7. Merchants & Community campaigns
8. Expansion of the Stablecoin Movement programs
2021
1.Stablecoin Events & Conferences
2. Involve institutions & regulators (scoring )
Team
1. Miklos Denkler - Board member
2. Pal Kukorelly Dr. - Board chairman
3. Tamás Magyar - Board member
4. Hong kwang kim - Board representative (Asia region )
5. Tib Palin - PR & Marketing
6. Attila D. - Stable coin Strategist
7. Dávid Tamás Varga - IT & Web Designer
8. T.H Nayeem - Community & Marketing Expert.
More detail of this project visit these social links :
author : bondan88
eth : 0x0D7fBAd549E0dd2BD7242A8060BB2441CF1f5A3A
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