Korona Token is a utility token that enables frictionless transactions of a wide range, while it functions also as a medium of exchange and a store of value. Korona will be able to used to purchase goods and services within the Korona Ecosystem.
E-commerce sales volumes and digital payments are hitting new records worldwide, year over year.
This trend is expected to continue uninterrupted. Parallel to that, the capitalization of the crypto economy is also setting record highs year over year. Yet still significance grows in the financial sector, the crypto-economy remains barely connected directly to the regional or global commerce activities and to the widely used customer targeted digital payment systems. To evolve decentralized payment mechanism in e-commerce, and in general commerce and trading activities directly, a user friendly, effective and regulatory compliant crypto payment frameworks and complex ecosystems are needed.
The Korona Ecosystem is a complete functioning network of various applications and features to support private and business users in using the benefits of blockchain payment solutions. The Ecosystem’s main components:
• Implementing a brand new digital payment technology
• E-commerce payments
• Wise product and market selection
• Korona payments in shops
• Integrated service packages
• Businesses wallets
• Integrated marketing support
• Short term volatility tempering
• Price reductions for users
LIGHTNING BASED SOLUTION
To reach a transaction speed that is used by fiat payments at cashiers or web based instant payments, but to keep the transaction costs very limited compared to any other existing payment systems, we will implement lightning based solution in our payment system by both e-commerce and smartphone payments.
Korona early bird merchants - reward program for business users accepting
To boost the wide acceptance of Korona token based payments, early bird merchants will have the opportunity to participate in a special bonus program called Korona Early Bird Merchants Rewards.
Korona users will also receive User Rewards in the future in form of allocated Korona tokens.
This specific tool will serve to provide a unique reward system for those online stores and physical shops that will adopt the Korona digital payment system and that will accept payments by Korona tokens when selling their goods and services to customers.
The reward system will be used only in the early years to support the market building activity. In the early years, during the build-up of the Korona Ecosystem and before reaching a large, international business network, merchants will receive a reward bonus in form of Korona tokens based on their activities and performance within the Korona system.
Therefore, early businesses in the Ecosystem will gain benefits not only from reaching additional markets and from enjoying additional marketing opportunities, but also from receiving financial rewards.
For this reward program a certain amount of tokens will be separated - please see Token Distribution.
Total number of tokens: 300.000.000
Korona Coin tokens will be issued by a not-for-profit foundation under the laws of Switzerland. Korona is subject to audit under Swiss regulations.
Listing in major trading houses
Korona team is has already started negotiation on listing Korona in major cryptocurrency trading houses.
We expect the listings shall be effective within a limited period after ICO. We have the necessary support and clear strategy to attain our plans. All users will be informed on our website of which trading houses are listing the Korona token for trading purposes.