Korona Coin - Developing the most reliable bias-free, decentralized marketplace based on the revolutionary Lightning Network technology.

What Is Korona Coin?

Korona Coin is a European based crypto token, designed for real, wide, everyday use for purchasing goods and services. It will be supported by a new, efficient transfer technology and with a complex ecosystem that includes a wide range of banking and commercial services.

Korona will establish the missing link between the crypto economy and the economy of the real world. The Korona’s Ecosystem will provide complete integrated bankable service packages that shall be provided jointly for both private and business customers. Users shall be provided with easy-to-use, transparent and licensed platforms that fulfill their complex needs: including among others wallet management, fast and low-cost payment technology, as well as fiat exchange.

Additionally, Korona will provide its users supporting services such as taxation information support, client protection, commercial guarantees, as well as marketing and market access support. The Korona platform will also create a special Korona Market, offering a wide range of goods and services for purchases either online or in actual stores. When selecting products, customers will be able to use an international price comparison system. For users, Korona will provide valuable financial benefits in form of cost and price reductions, but also in the form of reward tokens. These features shall make Korona tokens widely accepted and valued. A new and far-reaching token economy will be established, once local and regional trade and sales activities can be supported.

Features

In the current blockchain payment systems mainly investors can benefit. Transactions bring real values only above a certain amount of tokens. Instant payments cannot be affected, fast transactions are expensive. Due to technology limits, Bitcoin cannot support the daily activities of ordinary users and businesses, also Ethereum’s efficiency is limited. Both the number of crypto wallet-users and the crypto-to-crypto transaction portion will grow fast if and when the ordinary citizens and businesses will gain confidence and also they will find their benefits in using crypto-based payments and services.

In the newly established CRYPTO ECONOMY 2.0, we believe that, for immediate impact, the focus is partly on new technology, and partly also on new commercial platforms and a complete blockchain business model that makes the most use of the cryptocurrency, our newly established Korona Coin.

Reward System: Earn Korona Coins by sharing your personal referral link.
Mobile Wallet: Access your Korona Wallet anytime, anywhere with our mobile application.
Business Wallet: Providing transparency for government entities about your business.
Korona API: The Korona API specifically developed for seamless and secure payment integration.
Korona Cryptobank: Certified support for the commercial activities of registered businesses.
Marketing Support: The marketing program for companies and vendors that accept Korona payments.
Fiat-Guarantee: A solution for merchants to receive fiat currency without a third party.
Korona Ecosystem: Designed to support contactless mobile payments in various physical shops.
Instant Pay: Forget about long transaction times thanks to the Raiden Network technology.
Marketplace: Purchase products and services listed on our Marketplace with Korona Coins.
Personal Storefront: Create your personalized storefront within the Korona Marketplace.
Volatility Tempering: Our volatility tempering mechanism will reduce the short-term volatility of the market.

Korona Coin Lightning Network Payment Marketplace Features

Tailor-Made Solutions For The European Union (EU) Region

The platform will use blockchain technology to give solutions in the EU region, as it is familiar with the region’s culture and financial framework. The platform hopes to create value by coming up with a new ecosystem for the businesses and private citizens active and connected in the region.

Cryptocurrency For Real Use

The platform hopes to make the Korona token available as a means of buying goods and services. From the development of the platform, members can purchase goods and services from three EU member states, and with the continuous growth of the platform and the reward system, the number of countries where the members can use the Korona token for exchange will increase.

Digital Payment System

The digital payment system will be a link between e-commerce stores and cryptocurrency payment options on the Korona framework. The platforms payment processor (API) is created with security and speed in mind. It also has a decentralized blockchain technology that allows for fast and cheap transactions. The API is simple and user-friendly.

The Korona payment framework will use lightning network-based technology solution for transfers. Compared to currently existing payment processes this will enable significantly faster transaction times at significantly lower costs.

The Business Model - Korona Ecosystem

Apart from the efficient payment technology, in order to boost the everyday usage of crypto-platforms and crypto-payments, the Korona system will be supported by a complete, integrated service platform, with various features available for both private and business Korona tokens holders.

How Korona Coin Works

E-commerce is booming, but there are still some small-and-medium enterprises that are unable to connect to e-commerce stores. This is due to the perceived high cost and lack of knowledge. The Korona ecosystem will provide an accessible and usable web store platform to be used and accessed by the local businesses so that they can perform e-commerce activities.

The ecosystem will provide integrated and complete service packages for businesses and private customers. The users will have a transparent, easy to use and licensed platform that can meet their complex needs such as efficient payment technology, wallet management, and fiat exchange. Additionally, customers will be able to get support services including taxation information, market access support and client protection among other support services.

The platform will also provide marketable goods and services that can be purchased online or in real stores. The platform also plans to benefit its users in terms of reduced prices and costs and a chance to earn rewards for those who spend or buy tokens.

Korona Token (KOT)

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. The Korona Token will be able to used to purchase goods and services within the Korona Ecosystem.

To use the Korona platform, users will need to have the Korona tokens that will be used for payment at the platform. To boost the acceptance of Korona tokens, those who buy them first will be eligible to be part of a bonus program titled Korona Early Bird Merchants Rewards. Korona platform users will in the future receive user rewards that will be in the form of Korona tokens.

Korona Coin ICO

Start of token sale: 23rd April 2018.
Duration of Token Sale: 60 days.
Price of Korona token: 0,0009 ETH
Minimum token order: 0,15 ETH (per each individual order during ICO).
Option for early termination: Yes, upon reaching the hard cap.
Maximum token number: 300.000.000 (three hundred million) if the hard cap is reached.
Duration of ICO stages: 12 days maximum each.
Distribution type: Unsold tokens will be “burned” at the end of the ICO.
Further distribution: No further distribution, just what is mentioned in the white paper.
Methods of purchase: Ethereum (ETH).
Soft cap: 3500 ETH.
Hard cap: 96 224 ETH.
Token activation: Between each ICO stage after successful KYC.
Token type: ERC 20 standard.
Fund guarantee: Yes, if not reaching soft cap. Supported with the smart contract.
Restrictions: Yes, US citizens and countries with legal restrictions.

Bonus Program

How To Participate In The Korona Coin ICO?

Step 1.

Download the Korona Coin Wallet Desktop Application (Available for Windows and MAC OS)

Step 2.

Create a new wallet in the Korona Desktop Application with only a few clicks

Step 3.

Complete the KYC registration (by specifying your newly created Korona Wallet address)

Step 4.

Transfer some Ethereum to your newly created Korona Wallet address

Step 5.

Purchase Korona Coins by pressing the "Buy KORONA" button in the Korona Wallet App

For more details, you can visit Korona Coin's website here: https://koronacoin.io/

Roadmap

The Team

The team combines decades of experiences and a solid background in financial services, IT development, market build-up and enterprise operation-management. With over a million confirmed online payments in the last 10 years, the team has a unique know-how in designing operating and safe payment systems as well. Special know-how in distributed systems and blockchain technology is incorporated as well.

Conclusion

As a Swiss Foundation under transparent and reliable Swiss Law, with strong European roots, the Korona Project market building activity focuses clearly on the territory of the European Union.

It will provide unique blockchain based solutions specifically for this region, though many of the services and applications can be extended overseas. The regulatory framework in the EU is reasonable. Also, the area is very active in developing crypto-based payment systems and connected services - though in most cases only for partial market segments. The number of transactions grows rapidly.

Additionally, Korona Team is familiar with the regional market, culture, also with the regulatory and financial framework. With establishing a unique new ecosystem, the Team members wish to create value for ICO partners, but also for every European citizen and to businesses active in or connected to this region.