KORA - Infrastructure for inclusive financial systems [BOUNTYHIVE]

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Kora Network is an infrastructure for inclusive community owned financial systems. We provide the tools needed to build a self-sustaining, community-owned ecosystem for circulating and accumulating capital within a community. This includes the ability to validate identity, and to use that identity to store, transfer, or lend money, to make payments, and to provide or access value-added services like lending, marketplaces, benefit distribution and digital education, even without internet access or a smartphone through channels like SMS or USSD.

Kora blockchain stores identity and transactions, runs software modules, and connects to other blockchains while preserving user privacy. Kora use Tendermint DPoS as a consensus algorithm, allowing for scalability while maintaining decentralization. DPoS offers three main advantages over other algorithms. It is less wasteful of electricity, promotes decentralization, and processes more transactions per second.

The blockchain is secured by the Kora Network Token (KNT). Most financial activity between users will be denominated in eFiat instead of KNT. KNT will be used in the background as the staking mechanism for selecting block producers as well as a single medium to pay for fees incurred by the Kora Network.

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.

CVNs are ways for existing communities to do more with their capital. Farming cooperatives can use a CVN to ensure the proper use of funds when buying commodities, selling produce and distributing proceeds. Savings groups can use a CVN to securely pool capital in eFiat and govern the use of that capital. National trade unions can set up CVNs both nationally and as local chapters to increase the transparency into their operations and help to fight corruption.

The Solution
Low Cost : Supports everyone regardless of level of wealth.
Universal Access : Accessible without internet or a smartphone.
Community Engagement : Empower existing communities instead of disrupting them.

Bounty campaigns will last until the end of Kora ICO. The rules of each bounty pool are different, the sizes of the pools are different, and points do not carry over from pool to pool. PLEASE READ ALL RULES CAREFULLY.

Before you join on https://bountyhive.io/join/Kora%20Network you have to make account first in Bountyhive.io

Token : KNT
Price : 1 KNT = 0.10 USD
Platform : Ethereum
Accepting : ETH
Minimum investment : 5000 USD