CorionX - Revolutionizing StableCoins as a Global Adoption (DeFi)

Greetings to the whole community, I am passionate about the crypto coins and a follower of good projects like CorionX project. In this new publication I would like to present the CorionX project. I'm sure you've heard a lot about Blockchain, Bitcoin, Ethereum, Crytocurrencies, ICO... but CorionX project blockchain is the coolest, and for more details we're going to the following topics:
If we observe how society has evolved, from tribal societies we have moved to a different social structure in the modern world where people work in a specialized way and can do so in a global environment, from anywhere in the world due to the advent of technology and Internet. CorionX project is a social media platform with blockchain-based financial investors.The CorionX project social network will be one of unique and crypto social networks that will find cryptographic enthusiasts on a common platform and allow them to spread the appeal of information, including financial information, without missing any important updates.

Traders, Sellers, Asset Managers and Investors. CorionX project will enable all these participants to interact in real time with no problem by publishing updates, blogs, images, analyzes, personal situations, video channels and anything else that could be important .

FURTHER ABOUT THIS PROJECT

CorionX as an utility token stands for the adoption, usage and spreading of stablecoins, CBDCs, Openfiance, Crypto and DeFi solutions. Introducing them to the world and supports the collaboration of the community. CorionX creates the eductional platform for stablecoins and leads the MoneyInTheRightDirection Movement to succeed in the paradigm shift and using crypto as a digital, programmable money.

Corion Foundation’s aim is to encourage world-wide adoption of stablecoins, Decentralized Finance (DeFi), Central Bank Digital Currencies (CBDCs), and other reliable cryptocurrencies (like Bitcoin, Ethereum etc.) in general. To help the unbanked, young people gain access to swift, safe and cheap banking. With our activity, we are helping to increase the adoption of new financial and payment assets in the everyday life with the spreading education. CorionX utility token is functioning as an incentive for the usage of stablecoins and DeFi solutions.

Corion Foundation will enter the market with stablecoin (CorionPay) in the near future through a fintech company. The Foundation’s view is that there are large opportunities for alternative ways of payment and expansion. And anyone who develops a business, business relationship, capital, or even user site will benefit from it.

How Do Stablecoins Maintain Their Stability?
Stable assets can be described as convenience vehicles between the crypto world and the traditional financial systems. This allows merchants, ordinary users, and institutional businesses to park their assets in a stable state, away from the devaluation of fiat assets and the volatility of crypto assets such as Bitcoin and Ethereum.

The concept of Decentralized Finance De-Fi, have evolved into sophisticated financial instruments designed for lending and borrowing of digital assets like stablecoins in a secure and transparent way.

Businesses across the globe can leverage these useful features of stablecoins to acquire loans, flexible credit facilities and even lending instruments available on DeFi OpenFinance systems.
In early 2020 alone, stablecoins usage have seen a 500% increase of about $2.2 Billion in January to $11 Billion in June. The rapid demand of interest in stablecoins are due to several factors including the current global health crisis. How these digital assets achieve their price stability are highlighted below:

-Fiat Asset-Backed: This scenario involves third party banks and escrow service institutions issuing stablecoins against a basket of fiat assets like USD, GBP, Yen or Euro held in a bank vault. The fiat backed assets can only be used to repurchase coins that were previously issued.

-Crypto Asset-Baked: This mechanism involves other cryptocurrencies with liquidity being collateralized against issuance of a stablecoin. The idea in a system like this relies on minimizing the risk of volatility of the collateral asset, by implementing safeguards like decentralization, multi-signature cold wallet storage vaults, privacy, and smart contracts.

Stablecoins are only issued when strict conditions are met by lenders and borrowers on decentralized finance systems.
-Hybrid Asset-Backed: This system significantly reduces the risk to stablecoin price stability. Coins issued are backed by a basket of other liquid assets like fiat, cryptocurrencies, central bank digital currencies CBDC, and less liquid assets like real estate or hedge funds, brought onto the Blockchain using smart contract oracles.
This gives the system the ability to manoeuvre sudden price fluctuations, by expanding or contracting depending on markets’ supply and demand.

CorionX token Token Info :

Corion Foundation aims to encourage with CorionX token the world-wide adoption of Stablecoins, De-Fi, CBDCs, and to help unbanked people globally to participate in the cheap, swift and safe OpenFinance economy.

The Corion Foundation has created the CorionX utility token, which will be used in part for CorionPay support, in part for infrastructure lists, for using foundation services, and for users to use the platform.

CorionX will lead the Stablecoin Movement to succeed in changing paradigms and using stable crypto as payment. CorionX is “gas” for stablecoin infrastructure, Stablecoin Movement and utility assets to support stablecoin.

Token Parameters
Ticker: CORX
Type: Utility-token
Token standard: ERC20
Token price in USD: 1 CORX = 0.015 USD
Accepted currencies: PROB, BTC, ETH, XRP, USDT
Bonus program:
34% - Bonus for PROB
25% - Bonus for USDT, BTC, ETH

Details
IEO (Probit Launchpad): Jul 20, 2020 - Jul 31, 2020
Pre-sale token supply: 30,000,000 CORX
Token supply: 400,000,000 CORX
Total tokens for sale: 300,000,000 CORX
Hard cap: 2,300,000 USD

ROADMAP

Successful Team

For More Detailed Informations, Visit:
Website: https://corion.io/corionx/
Whitepaper: https://corion.io/corionx-whitepaper-en/#
Medium: https://medium.com/@Corion
Telegram CorionX: https://t.me/corionx
Twitter: https://twitter.com/CorionPlatform
Facebook: https://www.facebook.com/CorionFoundation
LinkedIn: https://www.linkedin.com/company/corionplatform
Instagram: https://www.instagram.com/corionplatform/
Youtube: https://www.youtube.com/channel/UCD9royvfm_-02vV9eHvZk8A

Auth.post: https://bitcointalk.org/index.php?topic=5262143.msg54848292#msg54848292

#CorionX #CORX #CorionFoundation #Blockchain #Crypto

Authorship: Joecolern

Bitcointalk Url:https://bitcointalk.org/index.php?action=profile;u=2246034
ETH ACC. - 0x1911F0E835DA0706b783DDE62274280CE91f1F61