CorionX - Money In The Right Direction



DeFi DeFi and DeFi, maybe you read those words more than before nowadays. Well, of course we want to use our money without additional fee charged by middle man, intermediaries, or some third parties. It means we own 100% of our money and have full control of it, that is Decentralized Finance in a nutshell for me.

Before we proceed further, let me take you to the past for a short moment.


In the past, people were using the very primitive way to get what they need, or they want, that were goods. For example, to obtain meat from others, they need to trade their rice for other's meat, it means goods with other goods. This method is not optimal because sometimes difficulties come when people trying to measure the value of the goods. Later, they started to using precious metal such as gold to trade each others.

Then, people have made money. Money is a currency and it is like a universal tool for measuring value of any goods. Paper money is very convenient because people can carry it without bear unnecessary weight like carrying some precious metals.

From paper money, it has evolved to digital money. Bank has been created, people now can save their money in the bank and using it without its physical form, in other words : digitally.

But running bank system is not free, it need to be maintained by people and companies. It means, there is a central point of the system, Centralized Finance. Not forget to mention, it will requiring some fees to cover the maintenance cost, which is charged to the clients.


As i stated before, we all want to using our money without additional fee from middlemen or other parties, how can we do that ? Actually, we can cut the unnecessary fees by moving from Centralized Finance to Decentralized Finance.


To achieve a truly Decentralized Finance, decentralized currency will be required. Cryptocurrency is the example of decentralized currency, it is not controlled by any people, parties, companies, or even the government of the countries.

The problem that most people afraid in cryptocurrency is the volatility of cryptocurrency. Imagine that you have $100 worth cryptocurrency coin now and it will become $50 worth in the future due some factors, but you don't know at the moment. Of course because of this, many people avoid to using cryptocurrency.

But this is not the end, we have solution for this : Stable coins.

Stable coin is a cryptocurrency that have stable value all the time. The most popular stable coins are  USDT, DAI, PAX, etc, it has $1 value each coin. For example 1 DAI = 1 USDT = $1.

With stable coins, we can create a Decentralized Finance easily because there is no central authorities like banks or governments, everyone can using their money freely, without third parties interference.

Corion is like a vessel for people to make Decentralized Finance become real.


Corion Foundation is a Swiss-based company, founded in 2016. The company was created to make people using their stable coins and other cryptocurrencies with ease and seamless. CorionX project is aiming for massive adoption of stable coins in cryptocurrency world, the infrastructures of CorionX can facilitate the users to manage their crypto assets and coins.

The key features of CorionX are :
  • Wallets - Can make transactions of stable coins and crypto assets, secured by multiple authentication methods, planned for debit card integration.
  • Exchanges - Facilitate user to swaps their stable coins to other stable coins or other crypto assets, provide good liquidity.
  • Merchant Gateways - User can make payments from their account using their stable coins or other crypto assets.
  • Lending - Facilitate user to borrowing or lending stable coins or other cryptocurrency.

Corion has its utility token in the platform, ERC20 utility token : CorionX. The function of CorionX token is as a fuel of the Corion Platform, accelerating massive adoption in stable coins.

Use case of CorionX token :
  • Enabling the user to have access in various services
  • For paying membership fees and other services fees on Corion Platform
  • Enabling the user to operate and make transactions on the network
  • Loyalty staking program, token holder will be rewarded with 2,5% of the token amount they stake, quarterly

Token Specification

Name : CorionX
Ticker : CORX
Type : ERC20 Utility token
Max Supply : 400,000,000 CORX


Token Distribution



  • 60,000,000 CorionX (15%) allocated for Loyalty Staking Program.
  • The remaining 340,000,000 CorionX (85%) allocated for community through Stablecoin movement, IEO, Swap, Bounty and Foundation
More details can be read on Whitepaper : https://corion.io/corionx-whitepaper-en/#

Join CorionX IEO Launchpad on ProBit Exchange now : https://www.probit.com/en-us/ieo/corx-round1/0



CorionX Roadmap



CorionX Team Member



Visit links below for more information :

CorionX Website : https://corion.io/corionx/
CorionX Telegram : https://t.me/corionx







Author : Juice Shen
Bitcointalk username : juiceannabel
Eth Address : 0xCF5Ca13FD7c19Bf06B45930f669A74c990ABF381

Comments

  1. levAugust 4, 2020 at 9:02 AM

    What is the CorionX sale period currently ? IEO or Pre IEO ?

    ReplyDelete
    Replies
    1. Juice ShenAugust 4, 2020 at 7:52 PM

      On CorionX website, they wrote Pre-IEO, but on Probit Exchange is IEO.
      I think it is still Pre-IEO stage.

      Delete
  2. OliviyaFebruary 2, 2022 at 12:20 AM

    well, thats a great blog. Really so much impressive and i love that type of post. thank you.

    If you ssearching for a legit financial service .Check it out. Link below.
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    Please carry on and keep blogging . Thanks again

    ReplyDelete

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