What is Corra Finance (CORA)? CORA Cryptocurrency Complete

 494 total views


2021-05-17 05:45:59

There have been initial developments in late 2017. However, it is only recently that NFT has become popular and has made impressive strides in projects related to ideas and practical applications. .

Corra, a project to bring NFT closer to everyone through a new concept (promoting NFT through the development of social networks). So let’s see what’s so special about Corra? Along with that, learn about the unity token of the CORA token project.

What is Corra Finance (CORA)?

Corra Finance is a project aiming to take NFT to the next level. Through creating a link in raising NFT to become a hot product in the crypto market.

What is special about Corra Finance?

To make it easier to monetize digital products by creating NFTs. Realizing that potential, Corra Finance proposes a different kind of NFT products that are not just games or art related NFTs.

Platform introduces four new areas to use NFT:

  • DeFi
  • Digital assets
  • Social Network
  • Non-profit products.

Users can create and subscribe to products for free without paying any gas/cost. Only when the auction of the products is successful will the platform fees be charged and ensure profitability for all NFT creators on the Corra platform.

Corra introduces NFT that can be used as a new DeFi product or based on existing use cases for joint deployment with existing DeFi products:

  • Reduced lock-up time for related staking products
  • Increase APY for related loan products.
  • Reduced APY for other users. While increasing your own APY for a period of time.
  • Increased voting rights (voting rights)
  • Reduced APY for borrowers

CORA Tokenomics

KYey Metric

Ticker CORA
Blockchain Ethereum
Contract Updating…
Token Standard Governance, Unity
Token type ERC-20
Total Supply
Circulation supply Updating…

Token Allocations

  • Private Sale: 349,408 VND
  • Liquidity Pool: 1,000,000
  • Team: 1,500,000
  • Marketing: 1,500,000 VND
  • Partnership: 1,500,000
  • User Onboarding: 1,500,000 VND
  • Staking: 1,500,000
  • Reserves: 1,150,592

Token Release Schedule

  • Unlock the first stage (May 15, 2021): 5%
  • 3rd month: 10%
  • 6th month: 55%
  • 9th month: 30%

Token Sale

Private: Price 6$/CORA

OTC: The nearest price is 12$/CORA

IDO on WeStarte deployed on May 15, 2021:

  • CORA Round 1 Pricing: 6$/CORA
  • CORA Round 2 Pricing: (Distribution via OTC): 10 to 18$/CORA
  • CORA IDO with WeStarter: $12.5/CORA

IDO on Balancer to be deployed on May 17, 2021: CORA starting price on Balancer: Will be confirmed when on balancer

Token Use Case

Updating…

CORA is traded on which exchange?

Updating…

CORA token storage wallet

This is an ERC-20 token so it’s pretty easy to find a suitable wallet such as: Trustwallet, Ledger Nano X, MyEtherWallet, MetaMask, Coin98 Wallet

Corra Finance’s Potential Assessment (CORA)

Corra Team

Updating…

Investor & Partnership

Investors of the project are divided into 3 main groups:

  • Exchanges: MXC (Greater China), BitForex (Russia), Hotbit (US), LBank (Greater China)
  • Media Partners: FMF Capital, an affiliate of Bitcoin Magazine & BTC Inc. (US), Pantera ICO (Korea), itsBlockchain (India), Jeff Huang (Taiwan), PANews (Greater China)
  • Venture Capital firms: DFG (Greater China), CDI (Greater China), PhoenixVC (Middle East), ChronosVC (Russia), BSS Finance (Europe), Cryptomeria Capital.

Market Opportunity

Influence of NFT and Corra:

  • NFT on social networks

Today, with the development of social networks like Tiktok, Facebook, .. has helped those platforms make money on their own. And what’s more important is that users pay (forfeit) when companies trade on their data, and some of us know it.

So Corra appeared, instead of posting images, clips or other content on social networks, users could post them on Corra and turn them into NFTs.

  • NFT for Non-Profit

Corra also wants to work with nonprofits around the world to expand opportunities to use blockchain as a way to get funding and support their goals.

  • NFT for digital content

Corra is focused on breaking down barriers to creating NFTs by allowing anyone to create NFTs with their digital data, which can then be put on the marketplace to trade.

Every user can test the value of their digital content, which while it may not get a lot of likes or comments, has real monetary value.

Reference

  1. Website
  2. Telegram
  3. Medium
  4. Twitter

summary

Corra is trying to push NFT into the DeFi market. The goal starts with DeFi and gradually works towards products. With the support of potential investors will bring strategic value in terms of products, communities, marketing and partners.

And you, what do you think about this project? Please look forward to the next articles on CHK. Thanks!



#Corra #Finance #CORA #CORA #Cryptocurrency #Complete

Leave a Reply

Your email address will not be published. Required fields are marked *