CORION X: The token made for the widespread of Decentralized Finance with the focus on stable coins and different bank digital currencies globally for the benefit of cryptocurrency future

frankydoodle (59)in #defi • 4 years ago (edited)

Good morning everyone! This is your Mr. Decentralized again talking about sensible cryptocurrency projects and reviews plus insights about what is to become when a project launches. Today, let me talk about Corion X.

What is CORION X?

---> Based on my research about CORIONx and its use cases that I have read on their white paper and on their website and Medium, they are like the utility token for the adoption of Decentralized finance and stable coins all around the world. If you would ask somebody what is CORION X, the one that they will tell you from the developers and its CORION X foundation is that it will be an incentive token for the adoption of the usage of Defi and stable coins when doing payments, and transferring funds for the usage of CBDC or as we called as Central bank digital currencies that are being developed in times like these wherein cashless societies is emerging. This is important because in order to not just simplify the adoption of digital currencies but also to help the economy to rise again in times of crisis that happened this year 2020.

FEATURES AND BENEFITS OF CORION X

As I read the white paper and the website plus the videos given by the Corion X team, I was able to formulate the different benefits and features of having CORION X.

A. Rewards for the pushing of #MoneyInTheRightDirection--> Corion X team and its partners are wanting to push the adoption of stable coins. Therefore, the CORION X tokens will be the one to act as an incentive to those who are using stable coins and other digital currencies given by banks to people.

B. More merchant usage of CorionX and stable coins--> One of the hindrances of worldwide adoption of the cryptocurrencies and CBDCs are the technicalities involved in it and no monetary valued incentives for the merchant and the consumer. If you are the merchant and consumer who are just shifting from the traditional fiat to cryptocurrencies, without any rewards, you will of course stick to your comfort zone. But because of the initiatives of the Corion foundation, these actions will be rewarded with cashback and Corion X token as well.

C. Loan collateral--> In the booming Defi space, because the Corion X token acts as a utility token for the incentive in making transactions in the Defi crypto space, you may also use these CORION X tokens as collateral in addition to the tokens that you would give for over-collateralization in case you are going to borrow cryptocurrency. Amazing right? Because those rewards can also be made into as support if ever you need crypto loans.

D. CORION X holders free for using infrastructures hosted by the Corion foundation--> The Corion X page containing all contents and all that you needed to trade and other infrastructures for software development and even for transactions are all in there. Instead of paying subscriptions, once you are a holder, you will get discounts. There are even features that are free just by holding CORIONX! Now that's value for each coin that we are having.

E. Staking program--> In supplementary to the usage of the Corion X decentralized APIs and APKs, we can also have passive income by participating in the staking program of Corion foundation. If you are not that actively trading and have a lot of stack of Corion token, then staking is the best to park some of your coins to be able to profit again in this time.

F. Community campaign rewards--> Corion X use case is also having those who wanted to reward for any campaigns being hosted by a project or community coin, they can be rewarded with Corion X tokens in order to be able to have those people get motivated again to do more in terms of campaign rules of a host. Perfect also for tipping!

G. Membership fees and service fees using Corion X.---> There are a different other things of having Corion token get more adoption in this space. Because of this token, it can be used for payment of fees and services made by the Corion X product team and the services made by the Corion holders or users and other employers that could emerge from this. Employers can also even pay their employees with CORION X.

H. Donation activity using Corion X token--> If you feel like being a philanthropist or even an ordinary person who wants to help charities, you may also use the token to be sent to the foundation of Corion x and be able to feel good at heart and have your reputation be known in the Corion X community!

Here is a video showing Corion X primer. Enjoy!

If anyone of you else who needed to read and why staking Corion X is useful, you may go to their white paper for more information: https://corion.io/corionx-whitepaper-en/

Why would people use Corion X in complementary to their stable coins? It is because it is going mainstream already. Take a look at the image shown by Corion Foundation here: https://medium.com/@Corion/corion-foundations-vision-for-what-corionx-utility-token-stands-for-4ff822e7dac0

It shows that as the year passes by, there are more and more people who are using stable coins in the crypto space not just for investing and other campaigns. That is why we are assured that there will be more to use Corion X, especially in this trying times that we need to have at least a remote or cashless society more than ever.

TOKENOMICS

ROADMAP

BIG TIME CORION X TEAM

My takeaways and reflection for the Defi space

---> As I have seen in the white paper of Corion X, we are in the big opportunity in the financial sector to be able to participate in the biggest wealth transfer. It is not in the stock market that has the biggest wealth transfer but here in the Cryptocurrency space. In the decentralized finance, if you know what you are doing such as participating in the mature and fertile protocols, we are able to get yields that are uncommon but still true to its word because smart contracts is the one working in here. The money as we know it is not anymore bounded by gold or fiat. It will be in a seamless flow of digital transactions in the future with cryptocurrencies.

Look at this, The Ethereum defi ecosystem and more are being added to it day by day. With liquidity pools that gives rewards as well.