CorionX AMA Recap

CorionX AMA Recap

CryptoDiffer team

Hello, everyone!😁

We are glad to meet here 

Co-founder of Corion Foundation, Miklos Denkler

and

Board Member of Corion Foundation, Tamas Magyar

Board Member of Corion Foundation, Tamas Magyar

Hi to Everyone, glad to be here with you today

Co-founder of Corion Foundation, Miklos Denkler

Hello CryptoDiffer Community, how are you today? 

Great to be here with you

CryptoDiffer team

Q1: Can you introduce yourself. 

What you did before crypto, and how you got into crypto?

Co-founder of Corion Foundation, Miklos Denkler

I am an innovations-hunter who is enthusiastically looking for new ideas and solutions specifically in the crypto, DeFi and stablecoin fields.

Based on the knowledge gathered from my three degrees in economics, my 23+ year experience in finance. I envision that the next digital breakthrough is round the corner in the financial sector.

I heard about Bitcoin for the first time in 2011 as a banker, but haven’t got on it, because mining was complicated for a financial guy. Then in 2015 when I incubated and helped startups to get funding and go to Silicon Valley, I met a project who did a Bitcoin ATM business.

They educated me about Bitcoin and crypto, and I fell in love with the industry. I found my passion in the Fintech, Blockchain, Cryptocurrency world, and have left the banking industry; and I have been working since 2015 on revitalizing the future of finance.

I wrote the Insider Investor’s handbook about technology startup investment.

My mission is to help people to become a winner of the biggest wealth redistribution of history where the money becomes digital and programmable with cryptocurrencies.

With this mission we founded Corion Foundation in 2016 with the aim of helping the development and spread of stablecoins and reliable cryptocurrencies in the world.

Our aim is to encourage world-wide adoption of stablecoins, DeFi, CBDCs and to help people to gain access to swift and a safe, cheap OpenFinance.

The foundation vivificated the #MoneyInTheRightDirection Movement which is powered by CorionX.

Board Member of Corion Foundation, Tamas Magyar

Hello Everybody, I am Tamas Magyar, I have been working with Corion Foundation since early 2019. Mainly I am managing the marketing, promotion, administration, partnerships and exchange listings. I heard about cryptocurrencies and stablecoins in 2017. I began to research the crypto and stablecoin related topics.

I have engineering degree and currently I am studying MBA. My personal passion to help to recognize the potentials of crypto and stablecoin based solutions and introduce them to the world. I believe in the innovative technologies and services like Open Finance and crypto savings. In my personal life I like reading, running and exploring new things.

https://www.linkedin.com/in/tamás-magyar-811044185/

We have been invited to several crypto and blockchain  conferences,  I am a well-known crypto expert, speaker on blockchain & crypto events. https://www.linkedin.com/in/miklosdenkler/

CryptoDiffer team

Q2: Please explain in more detail about CorionX, what is the background of this project? and when was it established?

Co-founder of Corion Foundation, Miklos Denkler

Every step starts with the first step…Corion Foundation was founded in 2016 with the aim of helping the development and spread of stablecoins and reliable cryptocurrencies in the world.

In 2018 and 2019 we realized that our aim is to encourage world-wide adoption of cryptocurrencies, stablecoins, DeFi, CBDCs and to help people to gain access to swift and a safe, cheap OpenFinance.

We created the #MoneyInTheRightDirection Movement with its utility token, CorionX to educate and introduce people how they can become a beneficiary of the money evolution

People who join the movement will be able to manage digital wallets, invest in cryptocurrencies on their own, take benefits of using stablecoins instead of traditional fiat money and increase their wealth.

Key problems in the industry: there is no specific project, who supports, promotes and cooperates with other stablecoin, reliable crypto &  DeFi projects independently. Every project focuses just on spreading their specific coins or solutions.

There is lack of collaboration within the parties, and they don’t integrate each other’s solutions, white labels. For mainstream people is hard to enter and use stablecoins, crypto saving, lending and DeFi, because the lack of education and industry players collaboration

Board Member of Corion Foundation, Tamas Magyar

How to solve this problem?

We educate mainstream users through our #MoneyInTheRightDirection programs and practical white label and partners applications, where CorionX holders get lower fees and special benefits. Our main focus is to spread stablecoins, CBDCs; reliable crypto and open finance solutions like DeFi in daily life.

We are building a global community, where every member can share the knowledge, use cases and information. 

We created our CorionX utility token to incite the movement members & other participant to share these informations and use practical crypto applications with more interoperability and cross integration,we will see highe level of crypto adoption.

Co-founder of Corion Foundation, Miklos Denkler

So , What is CorionX ?

♦️ CorionX as a utility token stands for the adoption, usage and spreading of stablecoins, Central Bank Digital Currencies (CBDCs), Crypto and Decentralized Finance (DeFi) solutions in a daily life  as a digital programmable money.

♦️ CorionX provides benefits in the usage of stablecoins and DeFi cryptos to its users, helps people to adopt a much cheaper, safer and globally available financial solution. 

CorionX creates the one platform for education, supports the collaboration of the community. and leads the #MoneyInTheRightDirection Movement

♦️ We are continuously working on forming partnerships and settling white label services (crypto saving & lending, wallets, merchants )  to allow the CorionX user community to use these infrastructures at more favorable conditions. We proudly announced several new partnerships recently.

♦️ CorionX is using partners bridges to  provide interoperability, fast, secure & cheap transactions and scalability

♦️ CorionX will provide the next generation of mobile payments with a mobile Wallet that provides scalable interoperability solution. This will power cheap, fast, and highly scalable transactions within the community using CorionX, stablecoins and other ERC 20 tokens.

♦️  Staking without lockup: Holders of the CorionX utility token earn 2.5% quarterly, (10.38% APY) staking rewards without needing to lock up their assets. This is paid on the average CorionX balance held in the user’s ETH wallet, leaving them free to transact and benefit from the token’s utility without missing out on rewards.

♦️ Increase rewards with lockup: Though token holders can earn a guaranteed 10.38% APY without staking locking up their assets, CorionX holders can opt for a lock-up period of 3, 6, or 12 months to boost their APY by up to 15-20%.

♦️ Earning Yields in CeFi and DeFi: CorionX is looking to integrate Centralized Finance and Decentralized Finance solutions to provide easy to use access to mainstream users to earn yields in crypto savings and stablecoin lending and to extend CorionX utilites.

Board Member of Corion Foundation, Tamas Magyar

♦️ Service providers and merchants accepting stablecoins will be motivated to use CorionX for promotions and cashbacks to encourage stablecoin payments, usage within their consumers.

♦️ The main focus of CorionX is: to educate people to understand stablecoins, CBDCs, DeFi and programmable cryptocurrencies better and show how they can be beneficial in our everyday financial life in using them. Fix amount of CorionX utility token is designed to reward contributors of the #MoneyInTheRightDirection and  Stablecoin Movement and activate merchants and users to engage.

♦️ We are running different campaign programs to help the awareness of the #MoneyInTheRightDirection movement. The success of the campaign will be measured by the number of daily stablecoin users. CorionX holders get benefits and special access to participate in the campaign programs:

–       Content program

–       Event program

–       Social media program

–       Ambassador program

–       Partner program

–       Merchant program

–       Institution program

–       Finance, sponsorship program

–       Market Analysis and Research program

♦️ CorionX is used for bounties to increase the number of community members and their stablecoin/cryptocurrency usage.  The goal of the bounties is educating, creating content, doing marketing, sharing in social media and joining specific groups.

♦️ Stablecoin and cryptocurrency projects, industry stakeholders and institutions can use CorionX utility token in order to access the services (for example scoring) they get from us Check out our trailer 

♦️ CorionX can be used to pay membership fees and other service fees of CorionX and Corion Foundation infrastructure in CorionX

♦️  The token distribution has been started in 2019 to early supporters and community members. You should be careful, as scammers launched fake CORX on Uniswap, and they scamming people with fake tokens.

Co-founder of Corion Foundation, Miklos Denkler

♦️ After a successful IEO now we are launching an IDO on Tokenizer DEX. Participants can benefit from a special promotion, where they get a 17% sales bonus on token purchases and earn up to 27% rewards for inviting friends.

♦️ This special referral campaign guarantees that both referrer and referee gets a 10% bonus. The one and official place to buy CORX tokens is the IDO on Tokenizer DEX.

CorionX

♦️  CorionX trading will start on Probit next Monday (16th of November 16:00), followed by Tokenizer and Uniswap listing.

♦️  We will announce an Incentive program to invite Liquidity Providers on Uniswap, where LPs will be able to earn ETH and CORX rewards for an exchange locking up funds in liquidity pools. You can get more details in our Telegram

♦️ Our vision for the next few years is to help 20 million of people to become the winners of the biggest money evolution of history. Join us https://t.me/CorionX

CryptoDiffer team

Q3. Please introduce how CorionX is extending its use cases through partnerships. Milestones and upcoming plans.

Board Member of Corion Foundation, Tamas Magyar

Stablecoin usage is one of the first use cases that new non crypto people will discover, then Bitcoin, crypto savings, and DeFi.  

To deliver quality services we are forming partnerships and integrate white label solutions, we can choose which platforms are the most user friendly and easy to onboard newcomers, and add CorionX benefits.

We are continuously searching for partnerships with those reliable providers, who represent the same mission, vision and goals like us. Our community is growing rapidly and we are inviting new members, who want to discover crypto asset real word use cases.

With white label solutions and  partnership we leverage benefits not just to users, but also introducing partners to each other  to provide better services with technology integration. We imagine CorionX as a platform for education and practical usage of cryptocurrencies and stablecoins by mainstream people.

About milestones and upcoming plans. We formed several partnerships in the past few months with the main focus on to provide wider usability for CorionX

XcelPay Wallet integration: CorionX token will soon be integrated for mobile top-up and Giftcards purchases on XcelPay wallet and CorionX users will have access to 900 telecom operators and hundreds of major Giftcards inventories worldwide. https://blog.corion.io/integration-of-corionx-at-xcelpay-wallet/

CoinMarketAlert : CorionX community get access for 1 month free Gold subscription to enjoy the benefits of CoinMarketAlert’s professional alerts and breaking news. The Gold subscription educates CorionX users to learn how to use professional alerts to take care of their crypto investments and manage a portfolio in the digital investment world. https://blog.corion.io/partnership-announcement-corionx-and-coinmarketalert/

Co-founder of Corion Foundation, Miklos Denkler

Blockchain Industry has 4 core issues: security, scalability, network effect and interoperability which will bring competitive advantages to blockchain projects. Ethereum is the blockchain of finance and stablecoins, having the biggest user network, that is why we built CORX on ETH. But due to DeFi and growing stablecoin transactions it became slow and expensive.

Interoperability is inevitable to scalability with bridging transactions through different blockchains back and forth. These new solutions provide scalability and microtransactions, so will solve the crypto micropayments problems.

We are rather partnering with ETH bridges and 2. layer solutions,  then to launch an own mainnet. CorionX is using Syscoin’s and Fuse’s bridges to provide interoperability, fast, secure & cheap transactions and scalability to CORX token users.

We partnered with Syscoin as a decentralized cross-chain interoperability solution for CorionX (CORX) and to promote it to other Stablecoins on Ethereum, to provide cheaper and faster transactions enabled by Syscoin’s unique Z-DAG Protocol, and robust security offered by Syscoin’s blockchain which bitcoin-core-compliant and merge-mined.

It means that with CORX ERC20 tokens you are able to do faster and cheaper transactions with Syscoin’s bridge, then on ETH. https://blog.corion.io/driving-stablecoin-adoption-corion-and-syscoin-foundation-enter-partnership/

The bridge provides interoperability, fast, secure & cheap transactions and scalability to ERC tokens, Binance USD, DAI, and MATIC also integrate this bridge. Our combined focus will include specific stablecoins, DeFi protocols and helping improve scalability to provide services to masses.

Ivan on Tech also reviewed our partnership with Syscoin. With this most off the platforms getting more use ability if users can transact between them. Together with Syscoin,  we will drive wider adoption of blockchain technology 

CorionX Looks to Solve Stablecoin Roadblocks with New Partnership

Board Member of Corion Foundation, Tamas Magyar

Our fresh partnership with Fuse to provide fast, cheap transactions with CorionX for the mainstream & merchant adoption

CorionX and Fuse are currently working together to introduce Fuse Chain & Ethereum Bridge, a solution, based on POA’s bridge implementation, is used to transfer ERC 20 tokens between the Fuse chain and the Ethereum network. The Fuse Studio is a DApp (Decentralized App) running on the Ethereum and Fuse networks. 

https://ihodl.com/topnews/2020-10-18/corionx-partners-fuse-boost-stablecoin-and-defi-accessibility/

We are partnering with the AI Start-UP TEAL

The first application of a jointly developed sustainable crypto currency system is the TEAL Marketplace, a decentralized marketplace with social network functions, connecting consumers with the best recommendations, and merchants with the most suitable customers through proprietary artificial intelligence (AI).

The partnership with CorionX enables TEAL to take a further step towards offering stablecoin payments and decentralized finance (DeFi) services, which would allow for a clear reduction in time to market. CorionX serves as a “gas” to boost stablecoin and DeFi services on TEAL Marketplace.

https://finance.yahoo.com/news/ai-start-teal-corionx-join-062000391.html

We believe that with all of these serious partnerships CORX will provide more useful utilities to its users and support mainstream crypto adoption.

CryptoDiffer team

Awesome, a lot of updates to come out!

Thank you for great answers!

I think it is time to start community questions round!

Cryptodiffer Community

Can you give me 1-3 amazing features of CorionX to convince me and other major investors to invest in CorionX in the long run?

Board Member of Corion Foundation, Tamas Magyar

Of course. There are many features and here are some examples:

Staking program, where  users can get further rewards if they hold CorionX token. This is a real reason why hold the token for the long term and use it in different services, especially with integration on crypto savings and DeFi. 

Whitelabel and partner integrations. With providing different popular whitelabel and partner solutions with education our main goal is to form a mainstream adoption. 

Mainstream community where newcomers can start their journey and explore benefits through practical usage.  Furthermore our long term vision is the mainstream adoption of crypto and stable assets. The mainstream adoption will be able to generate real long term demand instead of pump and dump trading.

Cryptodiffer Community

What is total supply of CorionX? Where we can buy it? Are your plans to focus on market or to grow community?

Board Member of Corion Foundation, Tamas Magyar

Total supply 400.000.000 CORX (non-renewable). CorionX trading will start on Probit Exchange from 16th of November. One of our main focus to grow our #MoneyInTheRightDirection Movement to incite more and more people to learn about crypto solutions like crypto savings and DeFi.

Cryptodiffer Community

CorionX main focus is the mainstream people

How does the mainstream people benefits with the CorionX utility token with DeFi Integration?

China is a very important market and region

Do you consider to expand your Community over that region and  give more benefits to mainstream people?

Co-founder of Corion Foundation, Miklos Denkler

Great question. We design CorionX to be simple and usable for mainstream people. The staking and cashback system that rewards user with CORX for using stablecoins and DeFi are few of the main benefits. Mainstream people will start to use stablecoins for daily transaction, and getting further with crypto savings and DeFi. They are rewarded in COR and also able to use the token in crypto saving and DeFi. Asia and China is one of the most important market for us, as they launched CBDC first. We do have a Chinese representative, a nice WeChat community and also working on some Chinese partnerships

Cryptodiffer Community

What sort of a mechanism on your ecosystem do you have behind CORX token to determine/increase its intrinsic value? How do you plan to increase the demand and the adoption of the token?

Board Member of Corion Foundation, Tamas Magyar

It’s important that CorionX is NOT a stablecoin, but an utility token, there is no price stability method behind the tokens. 

We plan to give many features to CorionX users and we believe these features will able to increase the value of token also.

Cryptodiffer Community

What is total supply of CorionX? Where we can buy it? Are your plans to focus on market or to grow community?

Co-founder of Corion Foundation, Miklos Denkler

Thanks for your question. Total supply is 400million, most of the tokens are locked in staking pools. The expected circulating supply after the listing is about 100 million tokens. We will focus on user growth once we launch our wallet and then increasing market volume on DEXes and trustworthy CEXes.

Cryptodiffer Community

What are the main differences between the CorionX and other platforms? Why is CorionX better?

Board Member of Corion Foundation, Tamas Magyar

Key problems in the industry: there is no specific project, who supports, promotes and cooperates with other stablecoin, reliable crypto &  DeFi projects independently. Every project focuses just on spreading their specific coins or solutions.There is lack of collaboration within the parties, and they don’t integrate each other’s solutions, white labels. For mainstream people is hard to enter and use stablecoins, crypto saving, lending and DeFi, because the lack of education and industry players collaboration.

How to solve this problem?

We educate mainstream users through our #MoneyInTheRightDirection programs and practical white label and partners applications, where CorionX holders get lower fees and special benefits. Our main focus is to spread stablecoins, CBDCs; reliable crypto and open finance solutions like DeFi in daily life.

How to solve this? 

We are building a global community, where every member can share the knowledge, use cases and information. 

We created our CorionX utility token to incite the movement members & other participant to share these informations and use practical crypto applications with more interoperability and cross integration,we will see higher level of crypto adoption.

Cryptodiffer Community

The Corionx Foundation is a Non-Profit organization, so How you generate your personal revenues to keep floating and developing  CorionX?

Co-founder of Corion Foundation, Miklos Denkler

That right. The Foundation is non-profit. We finance developments and market expansion from the IEO funds and other donations. Token holders enjoy the staking and reward system to use the token both transactional , both financial.

Cryptodiffer Community

How do you see CorionX project potential in the future?

Any possible way CorionX replace bitcoin? And how?

Board Member of Corion Foundation, Tamas Magyar

No need to change Bitcoin. We want to introduce to the people the potential and necessity of those reliable cryptocurrencies like Bitcoin. CorionX is not compete with Bitcoin or any other reliable crypto assets. Instead of this we promote and educate them and we are inciting our community to spread the right information about crypto assets and solutions. CorionX as a utility token is helping to achieve our mission and vision.

Cryptodiffer Community

Corion X’s goal is to introduce assets to everyone & help them find solutions that are more reliable than FIAT money. Does that mean everyone should switch to $CORX instead of holding onto fiat?

Co-founder of Corion Foundation, Miklos Denkler

What CORX stands for with the #MoneyInTheRightDirection movement is popularizing stablecoins, crypto and DeFi usage. So users will join and use beyond CORX stablecoins, crypto savings and DeFi.

Cryptodiffer Community

Explain the ” CORIONX loyalty Staking program ” and quarterly Loyalty Staking Program, how can users of CorionX can be eligible to partake in the program ?

Why is CORIONX focused on stable coins ?

Board Member of Corion Foundation, Tamas Magyar

One of the exclusive benefits of holding CorionX is the Loyalty Staking Program (10.38% p.a.).

2.5% Loyalty Staking tokens are distributed each time based on the average amount of tokens hold on public addresses during the last quarter, every 8 Quarter after the official launch (2020).

We scan all public addresses on the entire Ethereum network for the average amount of CorionX tokens they hold during the quarter. Each 2.5% token release will be distributed between those addresses that hold at least $100 worth of CorionX tokens in the amount based on the average number of CorionX token hold in the last quarter. 

There is an exclusive benefit, that while using CorionX for some of the services, it can be staked without locking up.  We will consider to fill up the Loyalty pool from the unsold tokens and extend the staking program for an additional few years.

Staking providers, partner exchanges will be allowed to provide additional, special staking rewards.

USE, HOLD, STAKE

Cryptodiffer Community

What advantage does the CORX token offer for the correct operation of the network? Why is it necessary? How does it order the incentives between stakers and consumers?

Co-founder of Corion Foundation, Miklos Denkler

Great question. We believe that both locking up for staking and using token in transactions have benefits. We designed CORX, that users can transact with the token and earn staking reward in the meantime, without looking up the funds. This like having a current account and getting paid. There will be an opportunity to increase staking APY with locking up. CorionX holders can opt for a lock-up period of 3, 6, or 12 months to boost their APY by up to 15-20%.

Cryptodiffer Community

Can you share about the niche market, and target markets and the broader market that CorionX aims to? How do CorionX team think with Asia crypto market?

Board Member of Corion Foundation, Tamas Magyar

Asian market is one of our main focus. We have a strong community in South-Korea, but of course we are planning to grow our movement in other Asian countries also.

Cryptodiffer Community

As I know your main focus of CorionX is to educate people in many aspects of the crypto world. What strategy will Corion X employ to accomplish this goal? do they have an educational program? How can a person go from zero knowledge to one with more knowledge on the subject?

Co-founder of Corion Foundation, Miklos Denkler

Great question. We created the #MoneyInTheRightDirection movement where contributers and participant are rewarded in CORX. We are running different campaign programs to help the awareness of crypto stablecoin and DeFi usage. CorionX holders get benefits and special access to participate in the campaign programs. We are more likely forming partnership with educational organization, to launch educational materials and programs with the CORX ecosystem

Cryptodiffer Community

Can you elaborate more about the Loyalty Staking Program of CorionX? What is the  minimum to stake inorder to be eligible with the program? How many months or weeks is the locked-in of assets or funds while in the midst of staking?

Co-founder of Corion Foundation, Miklos Denkler

Sure, There are 2 types of staking 1 Staking without lockup: Holders of the CorionX utility token earn 2.5% quarterly, (10.38% APY) staking rewards without needing to lock up their assets. This is paid on the average CorionX balance held in the user’s ETH wallet, leaving them free to transact and benefit from the token’s utility without missing out on rewards. Minimum amount $100 worth CORX on ETH address

2. Increase rewards with lockup: Though token holders can earn a guaranteed 10.38% APY without staking locking up their assets, CorionX holders can opt for a lock-up period of 3, 6, or 12 months to boost their APY by up to 15-20%.

Board Member of Corion Foundation, Tamas Magyar

Thank you very much. This is an amazing and unique community!

Let’s follow our progress to join to our Movement.

Co-founder of Corion Foundation, Miklos Denkler

Thank you Crypto Differ Community your kind interest and participation. Join our Telegram group and follow our journey. Let’s spread crypto, stablecoins and DeFi together https://t.me/CorionX

Cryptodiffer TEAM

Thank you everyone who took part today!! Appreciate all the interest!

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