CORION describes itself as “the gateway to crypto world”. Find out how the CORION platform works today in our review.
What Is CORION Platform?
CORION is a cryptocurrency platform that offers a wallet, an exchange, and a stable digital currency called CORIONs or CORION coins. The CORION ecosystem was designed as a multifunctional cryptocurrency platform for businesses and users.
The goal of the platform is to build an international decentralized network “based on mutual benefits, simplicity, security, cost-effectiveness, speed and a stable means of payment.”
Before the end of 2017, CORION plans to introduce a wallet and exchange. The remaining parts of the ecosystem will be developed over the course of 2017 and 2018.
CORION aims to solve some of the biggest problems in the world of cryptocurrencies – including price volatility, fixed coin supply, and lack of real-world uses.
Let’s take a closer look at how CORION plans to fix these problems.
- Decentralized platform based on blockchain technology
- Stable price against the US dollar
- Demand-based coin emission, distributed within the community
- Platform for everyday use
- Boost mainstream adoption
Obviously, the benefits of CORION exist in direct contrast to problems within the cryptocurrency world, including price volatility, lack of coins in daily life, and fixed coin supply versus demand-based prices.
Overall, these benefits promise to provide “unlimited opportunities” to anyone involved in the cryptocurrency world. The platform encourages users to build businesses and services over top of the platform, which fosters mainstream adoption.
Basically, CORION wants to build a blockchain-based ecosystem that’s accessible for everyone – not just a specific type of user (like cryptocurrency fans).
CORION Platform Features
Overall, CORION’s features are designed to address all needs of the cryptocurrency world, including coins, exchanges, payments, earnings on coin supply growth, services, and use cases. Here are the 7 most important features of the CORION platform:
The CORION marketplace plans to attract customers, entrepreneurs, and financial service providers into one place. It wants to facilitate the connection between participants by working as “a digital mirror” of real world trading platforms while involving people around the world who lack access to traditional financial institutions.
The marketplace can address needs within a local community, internationally, or in emerging regions. Financial organizations can use the marketplace to find “unbanked people” all over the world.
A Digital Currency With A Stable Price
Obviously, stable prices are a key goal for most cryptocurrencies. The CORION coin makes stability a specific goal using special automated inflation-deflation controls. The stable price makes the CORION platform an ideal choice for businesses wishing to distribute products and services.
Incentive-Based Daily Reward System
Coin supply growth engages the service providers and users in being present and active on the platform on a daily basis. The more you use the platform, the more rewards you receive.
Users can earn interest through service providers (the financial institutions using the platform). Coin supply rewards are allocated using an appropriate, fair, and transparent system. Through this system, users can earn returns as high as 2.5% emission profit daily.
The wallet acts as the main interface for the CORION platform. The wallet contains the tools users need to make transactions in popular cryptocurrencies, which thus facilitates mass adoption of the CORION wallet.
Built-In P2P Exchange
CORION’s P2P exchange is based on the smart contract system. It operates without relying on third parties and claims that “no fraud or theft is possible”. The first exchanges will take place with ETC/COR pairs. Then, the organization will develop other pairs.
Premium Tokens are available to those who participate in the pre-ICO and ICO. These users will receive a share in the “most promising ventures” of the CORION ecosystem. Premium Tokens will also be listed and traded on the exchange. The company is hoping these tokens become rare and highly-valued investments.
CORION has a gamification system where users can “earn and learn” while winning money. They learn how the platform works through entertaining games and activities.
About CORION Platform
CORION was created by the CrypMo Foundation, a Switzerland-based organization. The company lists its developers, contributors, and other professionals at the official website, Corion.io.
Key members of the team include Miklós Denkler (fintech and sales expert and CORION pioneer), Attila Dancs (blockchain business expert), and Andor Rajci (core developer). All developers and contributors are listed with biographical details on the main page, including links to their LinkedIn profiles.
The company was first organized between 2015 and 2016, when they started performing market research and creating a business and development plan. By Q1 2017, they had started developing the CORION wallet.
By Q3 2017, the company plans to release the first version of the wallet, which will offer features like two-factor authentication, transaction history, secured asset and private key storage with 256-bit AES encryption, and multiple currency account management. The wallet will be available through a secured web app.
By Q4 2017, the company hopes to release its wallet app for iOS and Android, integrate at least one fiat currency in the platform, and introduce 5 more major cryptocurrencies.
In 2018, CORION plans to introduce multi-signature verification, card and NFC payment methods, investment options, P2P lending, trading options, cloud mining, and gambling.
You can contact CORION by email at firstname.lastname@example.org.
The CORION ICO
The CORION ICO is catered towards businesses and users. The pre-ICO comes with a 30% bonus, while the main ICO offers bonuses between 3% and 20%.
Some of the demographics targeted through the ICO include experienced fintech and blockchain developers/investors, investors entering the digital currency and fintech market today, crypto-fans already using cryptocurrency, and entrepreneurs/startups who want to provide services for the mainstream market.
You can buy CORION coins for yourself on their website.
CORION Platform Conclusion
CORION is a cryptocurrency platform with some ambitious goals. The Swiss organization wants to take all of the advantages of blockchain technology and introduce them to the mainstream market. The organization plans to cater to businesses, users, and financial institutions.
The short-term goal of CORION is to release a wallet, something they plan to do before the end of 2017. The ultimate goal of CORION will be to offer an entire digital marketplace where users around the world can buy and sell goods and services.
Stay tuned for more information about CORION as the company continues to develop its cryptocurrency platform over the coming months!