There has been a lot of hype surrounding the Corion Foundation as of late. The platform has taken on the difficult task of organizing the DeFi, stablecoin, and CBDC (central bank digital currencies) communities. Currently, there are no standards in place to help this market develop. The Corion Foundation changes this situation and provides both merchants and investors with a commonplace to meet and exchange ideas.
The Corion Foundation is composed of some of the top minds from the blockchain, financial, and development communities. This team has the experience and know-how to help drive blockchain adoption to new heights.
At the core of this strategy is a belief that education fuels adoption. Consequently, The Corion Foundation places a large emphasis on teaching businesses how to operate successfully. Here’s how the Corion Foundation can help you take your blockchain concept from your mind to the whitepaper, and on to the investment community.
Corion Foundation Services
The group offers comprehensive reviews of your business model and whitepaper. These reviews cover a wide scope of procedures including your financial outlook, your technical specifications, and the legality of your project.
The Corion Foundation will guide you all the way through this process. Once you have your product ready for the market, the group will even help you to launch your crowdfunding campaign. Additionally, you gain access to a network of like minded individuals and investors who all seek the same common goal — mainstream cryptocurrency adoption.
A Universal Meeting Place
The Corion Foundation provides investors and businesses with a one-stop-shop to get their projects off the ground. Since the group encompasses a very specific set of tokens, it’s able to better meet the demands of users and inform the masses about these coins.
Notably, the group is positioned excellently to demonstrate the differences between these coins and when to utilize each type. For example, you may seek a fiat-pegged stable coin for your short term investment strategy or to escape volatility. However, for a longer investment strategy, you must consider the advantages that gold-pinned stable coins introduce to the market.
There are also stable coins that derive their value from multiple assets. These coins are more resilient to losses due to their diversified holdings. Lastly, there are stablecoins that derive their value from other cryptocurrencies such as Bitcoin. Interestingly, this was one of the first types of stable coins to enter the market. The best feature of these coins is the fact that everything is handled by smart contracts so the entire operation has unmatched transparency.
Adoption Starts with Merchants
Currently, The Corion Foundation continues to put significant effort into onboarding new merchants into the market. To this extent, the platform now offers crypto merchant services to users at competitive rates. The goal of the venture is to help educate and then launch new crypto-friendly businesses into the market.
In the short term, this strategy puts immediate hype behind the project as every new merchant is sure to promote their latest capabilities. In the long term, this maneuver helps to lay the foundation for global adoption. Every new client acquisition strengthens the underlying infrastructure of these coins.
As with any good movement in the digital age, the project began with a strong social media campaign. Interestingly, the campaign has been underway for over a year now. To date, the company has an impressive record of assisting firms with the development of their final products. Also, you can’t overlook the countless Individuals, financial providers, hedge funds, and merchants that are now informed about stablecoins, cryptocurrencies, and open finance solutions.
Corion Partners with Fuse to Push Adoption
In October 2020, CorionX announced a strategic partnership with the Ethereum sidechain, Fuse. Sidechains continue to gain popularity in the market because they reduce blockchain congestion which lowers transaction rates. They also provide more functionality and interoperability.
In CorionX wallet — built in the Fuse DApp — users can store a wide array of different currencies and tokens both crypto and traditional fiat currencies to support CorionX (CORX), Corion’s ERC-20 token and other Ethereum-based Stablecoins and DeFi tokens. CorionX wallet will provide frictionless onboarding, fast verification, token swap, fiat gateway, merchant support, solve the micropayments issue and scale-up stablecoin transactions.
CorionX ecosystem is designed to be a very low-cost alternative to traditional cash or cashless payments. It lowers the barriers of entry for entrepreneurs to launch wallets, payments services, loyalty programs, and any other systems that were previously powered by paper.
The Corion Foundation entered the market in 2016. This Swiss-based organization has long sought to support market expansion in the region. The firm chose to base operations in Switzerland as it’s considered one of the financial capitals of the world. As such, Swiss officials have been at the forefront of crypto adoption. Part of their strategy includes enticing new businesses such as The Corion Foundation to call their market home.
The Corion Foundation introduces a new utility token to the market known as the CorionX. CORX serves multiple roles within the Corion network. The coin is what you receive your staking rewards in. It’s also how you pay any fees you accumulate. The token also functions as the main governance token for the system as well. In this way, CORX is a very diverse financial instrument.
From a technical aspect, CORX enables users to enjoy more functionality in the platform. Additionally, since the token is the ERC-20 standard, you have a ton of options in terms of exchanges, wallets, and other cool Dapps. The ERC-20 community is one of the largest and fastest-growing in the market. These tokens enjoy unmatched interoperability when compared to other token standards.
The Corion Foundation offers users liquidity staking options. Liquidity staking is a new form of staking that allows users to earn a passive income for supplying liquidity pools with funding. Impressively, CorionX token holders are entitled to some hefty rewards. Specifically, staking pays out 2.5% quarterly via the Loyalty Staking Program. This rate is among the highest offered by reputable liquidity stakers.
Corion Wallet Integrations
You can store your CORX in a variety of mobile wallets. The platform has wallet integrations with XcelPay, portfolio tracker CoinMarketAlert, interoperability bridge Syscoin, and San Francisco-based next-gen banking platform Vesto.io. Developers plan to expand this network further in the coming months.
The Corion Foundation — Shaping a Better Crypto Future
The developers behind the Corion Foundation deserve credit. Their approach to the market is exactly what is needed to get adoption to the next stage. The firm has already proven to be a powerful resource in the market. You can expect this platform to see considerable growth alongside the market as its services are geared to fuel this movement.
Originally published at https://www.cryptofolds.com on October 19, 2020.