CorionX AMA RecapC
CryptoDiffer team
Hello, everyone!
We are glad to meet here:
Co-founder of Corion Foundation (@MikeDENKLER)
Board Member of Corion Foundation (@TamasMagyar)
Miklos Denkler Co-founder
Hello CryptoDiffer Community, how are you today?
Tamas Magyar Board Member
Hi to Everyone, glad to be here with you today.
CryptoDiffer team
Q1: Can you introduce yourself to our community ?
Miklos Denkler Co-founder
I am an innovations-hunter who is enthusiastically looking for new ideas and solutions specifically in the crypto and stablecoin fields.
I believe everybody can be a winner of the current digital transformation, merely as a citizen of this globe, or as an active user.
Based on the knowledge gathered from my three degrees in economics, my 23+ year experience in banking, insurance and investment industry, 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. Then people can become more independent from the existing money system and become proactive for the future, based on the development of what is happening on this planet now, that cryptocurrencies become a new form of money and banking shifts to open finance on the blockchain.
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. We are supporting all projects that are working on such developments and focusing on clients acquisition and infrastructure. The foundation supported several stablecoin experiments in the past.
Corion Foundation is here to create a common platform for such projects, as their mainstream adoption is our main target. We are determined to make this new digital and programmable money usage available for most e-wallets and finance, hence making them accessible for more and more regions.\
The foundation vivificated the #MoneyInTheRightDirection Movement which is powered by CorionX.
I have been invited to several crypto and fintech companies to be an advisor and strategic consultant. I am a well-known crypto expert, speaker on blockchain & crypto events.
We empower businesses through the Corion Foundation to join the future of money and enable them to serve their customers better.
I experienced all the worst and best things in the emerging crypto industry in the past 5 years and earned the cost of my education.
Tamas Magyar Board Member
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 and this was ‘Love at first sight’.
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/
Few ventures that Corion Foundation was a backer or a technology partner:
Pigzbe is on a humongous mission to build a challenger bank for kids age 6 to 18. Pigzbe believes the future is finance is digital, and moreover, we believe the future of finance is crypto. We provided knowledge on token economics, fintech, marketing, product sales and relationships.
Miklos Denkler Co-founder
Corion Foundation serves as a technology partner and myself an Advisor of Stablecoins & DeFi at Vesto, a San Francisco based next generation banking platform built using blockchain, stablecoin and Decentralized Finance services, known as DeFi technology for quicker, lower-cost, and more secure transactions.
Vesto.io was created to be a white-label, turn-key solution that gives businesses and consumers the benefits of crypto and blockchain technology without needing crypto and blockchain knowledge. Through secure digital wallets, virtual and physical debit cards, ACH, wires, cross-border payments and interest-bearing digital accounts and loans, Vesto enables cryptocurrency services for everyone.
I have a high teachability index, admirable perseverance, and willingness to improve myself and my team. I am an innovator, an early adaptor with good communication and proven sales skills.
I love travel, and dogs. I enjoy Innovation, Investment, Entrepreneurship, Digital transition., Discovering the power of the subconscious mind, Educating others, & Positive impact millions of people.
https://www.linkedin.com/in/miklosdenkler/
CryptoDiffer team
Q2: Can you briefly tell us what is CorionX ?
Miklos Denkler Co-founder
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 stablecoins, DeFi, CBDCs and to help people to gain access to swift and a safe, cheap OpenFinance.
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 to as a digital programmable money. CorionX provides benefits in the usage of stablecoins and DeFi cryptos to its users, helps people to recognize a much cheaper, safer and globally available financial solution.
Introducing them to the world and supports the collaboration of the community. CorionX creates the one platform for education and leads the #MoneyInTheRightDirection Movement to succeed in the paradigm shift and using crypto as a digital and programmable money. CorionX provides benefits in usage and trading of stablecoins and DeFi cryptos to its users.
♦️ CorionX token holders are entitled to be rewarded 2.5% quarterly in the Loyalty Staking Program after their average balance. Staking providers, partner exchanges will be allowed to provide additional, special staking rewards.
♦️ We are continuously working on forming partnerships and settling white label services (crypto saving & lending, wallets, merchants ) to allow to CorionX user community to use these infrastructures at more favourable conditions. We proudly announced several new partnerships recently.
♦️ The team and community recruits merchants to accept stablecoins and they will be able to discuss cashback promotions in CorionX.
♦️ Service providers and merchants accepting stablecoins will be motivated to use CorionX for promotions and cashbacks to encourage stablecoin payments, usage within their consumers.
Tamas Magyar Board Member
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.
We educate people with practical crypto usage in different whitelabel and partner solutions where CorionX holders get lower fees and special benefits. We also educate through social media and influencers about how to take benefit of this paradigm shift. People who join the Movement will be well educated and able to use opportunities proactive for the future.
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 and how the stablecoin and crypto world is developing globally. 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 the CorionX utility token in order to access the services (for example scoring) they get from us
♦️ 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 and now we are launching an IEO on ProBit Exchange.
♦️ Our vision for the next years is to help 1 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?
Tamas Magyar Board Member
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/
Miklos Denkler Co-founder
We are a technology partner of Vesto.io, a San Francisco based next generation banking platform built using blockchain, stablecoin and Decentralized Finance services, known as DeFi technology for quicker, lower-cost, and more secure transactions.
Through secure digital wallets, virtual and physical debit cards, ACH, wires, cross-border payments and interest-bearing digital accounts and loans, Vesto enables cryptocurrency services for everyone. Vesto MVP is ready, we are waiting to the pilot test and integration.
We partnered with Syscoin as a decentralized cross-chain interoperability solution for CorionX (CORX) and 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. Our combined focus will include specific stablecoins, DeFi, and helping the unbanked and over-banked. Together we will drive wider adoption of blockchain technology and scalability interoperability of ERC20 tokens. https://blog.corion.io/driving-stablecoin-adoption-corion-and-syscoin-foundation-enter-partnership/
Our IEO and Exchange Partner is ProBit, one of the most reputable exchanges in Korea and Asia. https://www.probit.com/en-us/ieo/corx-round1/1 We are discussing about listing with other global exchanges also.
Tamas Magyar Board Member
Our target users are the average daily people and businesses, who currently don’t know about these solutions and assets. Our aim to find the best ways to educate them and ensure to them the accessibility of these assets/solutions. Stablecoin usage is one of the first use cases that new non crypto people will discover, then crypto savings and DeFi.
Partnerships with traditional businesses and their education is also a key factor that supports mass adoption. To deliver quality services we are forming partnerships and white label solutions, because they are professional in the development of the applications, we can choose which platforms are the most user friendly and easy to onboard newcomers, and add CorionX benefits.
Miklos Denkler Co-founder
We are continuously searching for partnerships with those reliable providers, who represent the same mission, vision and goals like us. Our community is rapidly growing 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.
Check out our trailer
CryptoDiffer team
Awesome, thank you for your answers:)
I think it is time to start community questions round!
Cryptodiffer Community
Are there any new partnerships and interesting upcoming use-cases?
Tamas Magyar Board Member
We are continuously searching the new partnerships. Stay stuned.
Cryptodiffer Community
Why is the CorionX project only focused on stablecoins? Why are other currencies not included? Doesn’t this have limitations? Can you explain this in detail?
Tamas Magyar Board Member
We don’t just focusing to the stablecoins. We are focusing the reliable crypto assets, DeFi project and Lending providers also.
Cryptodiffer Community
Right now issuing a token is a rather simple process. However, building the system & ecosystem is the most difficult part. My question is, How will the demand of CORX will increase & how will CORX use within the ecosystem?
Tamas Magyar Board Member
Great question. CORX have many features. just some simple example:
♦️ CorionX token holders are entitled to be rewarded 2.5% quarterly in the Loyalty Staking Program after their average balance. Staking providers, partner exchanges will be allowed to provide additional, special staking rewards.
♦️ We are continuously working on forming partnerships and settling white label services (crypto saving & lending, wallets, merchants ) to allow to CorionX user community to use these infrastructures at more favourable conditions. We proudly announced several new partnerships recently.
♦️ Service providers and merchants accepting stablecoins will be motivated to use CorionX for promotions and cashbacks to encourage stablecoin payments, usage within their consumers.
Cryptodiffer Community
CorionX’s aim is to reach to global Users around the world, How are you aiming to attract global user?
How has been the journey so far?
Tamas Magyar Board Member
Yes. We want to address the users and community members globally. We have some main focus like South Korea, but we are searching the possible community members and users globally. Our social media accounts are very active and we are using different other channels and possibilites also like events, AMAs etc. We believe we can find those people, who believe in this mission.
Cryptodiffer Community
Explain more about your Royalty Stacking Program
What’s the #MoneyInTheRightDirection movement and how does it revolutionize our Association with Finance play roles in DeFi
Miklos Denkler Co-founder
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. We will consider to fill up the Loyalty pool from the Foundation’s tokens and extend the staking program with additional few years. So you can stake without locking up your funds.
Staking providers, partner exchanges will be allowed to provide additional, special staking rewards.
Cryptodiffer Community
How do you see Defi potential for CorionX right now!?
What role do you think CorionX will takes to makes defi better in global usage!?
Miklos Denkler Co-founder
I saw several DeFi related questions. Yeah in the professional crypto community DeFi is thriving, but the average crypto users don’t understand it and can not manage the risk. We will see more institutions, financial companies coming into crypto because of DeFi and the innovative derivative products. These institutions will develop simple services to attract investments from their clients and they will leverage it in DeFi. For mainstream adoption DeFi and even the centralized crypto saving & lending should be more simpler and easily accessible. That is what we want to achieve with using already working white label solutions where people can easily do transactions and participate in DeFI, crypto saving & lending. So with this mainstream people can get access within a short period of time, and can be a beneficiary of this evolutionary product.
Cryptodiffer Community
What is a CORX token? what is the utility and real utility from CORX token? What are the benefits of getting a CORX token Holder? is there a staking program from CORX token?
Miklos Denkler Co-founder
CorionX token holders are entitled to be rewarded 2.5% quarterly in the Loyalty Staking Program after their average balance. Staking providers, partner exchanges will be allowed to provide additional, special staking rewards. We are continuously working on forming partnerships and settling white label services (crypto saving & lending, wallets, merchants ) to allow to CorionX user community to use these infrastructures at more favourable conditions. We proudly announced several new partnerships recently.
Cryptodiffer Community
How can CorionX play a part in making its services available for regular people, especially the unbanked and underbanked?p
Tamas Magyar Board Member
Great question! Our main focus is the education and promotion. We are working toghether with the reliable projects and promote and collaborate with them. Our focus is the ordinary (daily) users with simple educational programs not with deep technical analysis. That’s is very important because for mainstream people it is hard to enter and use stablecoins, crypto savings, lending and DeFi, because of the lack of education and industry players collaboration.
Cryptodiffer Community
ETH’s scalability problem with the slowness, congestion and high fees popping up from time to time. Looks like CorX token is work in Erc20, How Does CorionX address this in anyway?
Miklos Denkler Co-founder
Great question, that is why we partnered with Syscoin. We partnered with Syscoin as a decentralized cross-chain interoperability solution for CorionX and 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. Our combined focus will include specific stablecoins, DeFi, and helping the unbanked and over-banked. Together we will drive wider adoption of blockchain technology. We see great opportunity in ETH OpenFinance and the intereoperability bridges like Syscoin and Polkadot
Cryptodiffer Community
As I can see many projects always used DEFI to be hyped, but no real use cases to be give. As one of the project in Defi Space how could you differentiate your project to other existing Decentralized Finance Project out there ? And what are your goals towards Defi Systems ?
Miklos Denkler Co-founder
Great view. Yes, DeFi is a bit overhyped, but this is how new technology develops. We think that will see more centralized finance CeFi solutions providing crypto saving and lending. Institutions can prevent their client from DeFi risks, but engage users into this new financial phenomena. What CorionX wants to provide is a crypto saving and lending through white label partners and proved deFi protocols. We want to educate the mainstream, so it should be really easy to use.
Cryptodiffer Community
As we know, every successful project has a few stories behind the scenes, what’s the story behind #CorionX success? What was that vision when it first emerged as an idea? Are there any special prototypes or upcoming #CorionX updates that you want to show/share with us?
Tamas Magyar Board Member
I can introduce my personal example. When I have heard about cryptocurrencies, then I thought it’s a complicated technology area. Afterwards I began to read about this solutions, following the projects and live different kind of videos. I am also continuously learning, but we want to help to those people, that they will able to understand these assets and discover this amazing solution. That was our main mission to grow the acceptance of crypto assets and stablecoins.
Cryptodiffer Community
Dear Miklos, very inspiring movements you have. How can I be an Ambassador of the movement in my region?
Tamas Magyar Board Member
Yes we always searching the passionate people, who can help to achieve our mission and vision. Let’s follow our social media accounts and progress and you can apply there.
Cryptodiffer Community
Why is the CorionX project only focused on stablecoins? Why are other currencies not included? Doesn’t this have limitations? Can you explain this in detail?
Miklos Denkler Co-founder
Thank you for this question. We focused on stablecoins at the beginning, because we see that crypto can go mainstream through stablecoins, because “the average Joe” need digital money on blockchain with a price stability of Fiat money. We also support stablecoin related usecases like saving, lending, DeFi and CBDC usage. Big enterprises like Visa, PayPal, Facebook also working on stablecoins, because it can provide a transition from the traditional fiat system to a blockchain based digital money usage. We do support other reliable crypto project that aims mainstream adoption.
Cryptodiffer Community
When will real world stop being afraid to use blockchain? CorionX wants to be a leader in the mass distribution this technology?
Tamas Magyar Board Member
Well of course we can’t see the future, but we are sure, that the world will recognize the benefits of this technology. Our aim to support this process via our activities like education and promotion.
Cryptodiffer Community
CorionX is a stable coin? How to maintain price stability? I mean what is supported so that it becomes stable?
Tamas Magyar Board Member
CorionX is NOT a stablecoin. It’s an utility token. There is no price stability method behind the tokens. – Market price is based on supply and demand
Cryptodiffer Community
What strategies will the CorionX team use to educate and attract people who don’t know blockchain and cryptography?
Miklos Denkler Co-founder
Yeah, this is the hardest part. it is like a learning curve where the technology becomes more simpler and user friendly. We see that in the next cycle the crypto industry can reach several hundred million people. So this is the next wave of the adoption. With this we are focusing on stablecoin transactions, merchant acceptance, crypto saving, lending and DeFi, as we see these are the product that mases can starting to use. We wanna reward and encourage the usage of these product with CorionX
Cryptodiffer Community
Tell us about your plans for 2020, what are you currently working on, and are you going to expand the list of big exchanges?
Tamas Magyar Board Member
Great question. Currently CorionX is on IEO stage on Probit Exchange. Probit has already confirmed the listing. Of course we are continuously discussing with the other exchanges and DEXes also. We will announce the further listings as soon as we can. Stay tuned.
In the other hands we also concentrate to build and grow our community and help those projects, who want to achieve the mass adoption of crypto and stablecoin based solutions.
Cryptodiffer Community
Do you think CORIONX project is a great project for me to invest in?
Can you list 1-3 great features of CORIONX that make it stand out from everyone else for me to trust and invest in the project?
Miklos Denkler Co-founder
Everybody should do his/her own research and invest in those tokens that he/she is comfortable with. – We launched our 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.
– With providing different whitelabel and partner solutions with education our main goal is to form a community where mainstream people can start their journey and explore benefits through practical usage, with jus holding the tokens. 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
Technology is changing every second, so are you afraid that recent projects with new technologies will become a serious competitor for CorionX? What is the thing that CorionX has has that other projects don’t yet have?
Tamas Magyar Board Member
Yes the technology is always changing, therefore the education is very important. Corion Foundation is always searching those people, who are ready to learn and want to teach the masses. We can incite these people with CorionX.
Currently there is no specific project, who supports, promotes and cooperates with other stablecoin, reliable crypto & DeFi projects & providers independently. Every project focuses just on spreading their specific coins or solutions.
Cryptodiffer Community
How can CorionX provide privacy to user data? And how does Corion wallet provide security to user funds?
Miklos Denkler Co-founder
Yes , privacy is always important. We don’t get privacy details of token holders, we see just the addresses. If somebody signs up in our or partners applications, then GDPR and KYC will be provided as regulation requires. User funds security is secured and insured by the technology (white label) providers. Most providers has insurance up to $100 million.
Cryptodiffer Community
Can you tell me what are the advantages brings CorionX to HUGE Monsters like USDT and DAI?
How much committed is CorionX in legal terms? How many institutions are related to you to keep the regulations process?
Tamas Magyar Board Member
We it’s important we don’t compete with USDT and DAI! We try to collaborate with them and support their adoption also. Using and staking CorionX have further advantages like:
♦️ CorionX token holders are entitled to be rewarded 2.5% quarterly in the Loyalty Staking Program after their average balance. Staking providers, partner exchanges will be allowed to provide additional, special staking rewards.
♦️CorionX users will have access to operate and transact on the network.
Cryptodiffer Community
Right now issuing a token is a rather simple process. However, building the system & ecosystem is the most difficult part. My question is, How will the demand of CORX will increase & how will CORX use within the ecosystem?
Miklos Denkler Co-founder
You got the point. Key problems in the industry, that there is no specific project, who supports, promotes and cooperates with other stablecoin, reliable crypto & DeFi projects & providers independently. Every project focuses just on spreading their specific coins or solutions.There is no collaboration within the parties, and the don’t integrate each others 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.
We educate mainstream users through our #MoneyInTheRightDirection programs and practical white label and partners applications. Our main focus is to spread stablecoins, CBDCs; reliable crypto and open finance solutions like DeFi in daily life. We want to solve independently from any specific project, asset or provider. We are building a global community, where every member can share the knowledges, use cases and informations. We created our CorionX utility token to incite the movement members & other participant to share these informations and use practical crypto applications, creating partnerships
Cryptodiffer Community
I read about its very volatile and at the moment risky investments .. How is CorionX able to maintain stable value / purchasing power? DeFi apps and platforms are gaining popularity and adoption. How is CorionX positioned for DeFi?
Tamas Magyar Board Member
Yes of course there are many different type of investment solutions. It is always important to learn more about risks from the risk closures. It’s important, that CorionX is not a stablecoin! It’s an utility token, which means there is no price stability method behind the tokens and market price is based on supply and demand! We believe in the future of DeFI project and support them, but we have to emphasize the importance of caution and education. These can help to understand to the people the DeFi project and their benefits & risks also. CorionX is not a DeFi project.
Cryptodiffer Community
What is the biggest challenge for CorionX in the future? how do you plan to solve this problem?
Tamas Magyar Board Member
It’s my personal view, that one of the biggest challange is for CorionX (and any other projects also) to find the best way to explain to the people why cryto assets can be the next generation of digital payment assets. There are many misconceptions, prejudices and lack of right information about these field. Lots of people don’t know about the problems and risk of FIAT money system. That is why the openness & education are very important factors. With transparency and easily understandable education program we can achive our goals.
Cryptodiffer Community
How to earn CorionX token?What is the benefit of buying this token and holding for a long term?Which exchanges is CorionX already listed and future exchanges to be?
Tamas Magyar Board Member
The simplest way to earn CorionX to support our #MoneyInTheRightDirection Movement, which means to share our educational program and participate in our movement. There are many benefits to buy CorionX like staking reward. Probit has already confirmed the listing and we are planning to search other exchange partners also.
Cryptodiffer Community
The use-cases for stablecoins are growing every day. What do you see in the future for stablecoins? Can you describe CorionX token model how does it work and what are the expected value drivers for it?
Tamas Magyar Board Member
Yes one of our main focus the stablecoins. We think there are many promising stablecoin project and we can find very specific solutions also. Promising part for example the gold backed stablecoins.
CorionX as a staking utility token stands for the adoption, usage and spreading of stablecoins, CBDCs, OpenFinance, Crypto savings and DeFi solutions. Introducing them to the world and supporting the collaboration of the community. CorionX creates the educational platform for stablecoins and other cryptos and leads the #MoneyInTheRightDirection Movement to succeed in the paradigm shift and using crypto as a digital, programmable money. CorionX provides benefits in usage and trading of stablecoins and DeFi cryptos to its users. We believe that we will be able to increase the number of our movement members, daily crypto users, DeFI, stablecoin partners and it will positively affect the demand for CorionX also.
Cryptodiffer Community
How to earn CorionX token?What is the benefit of buying this token and holding for a long term?Which exchanges is CorionX already listed and future exchanges to be?
Miklos Denkler Co-founder
Yes, motivation for use and hold is important. I see 3 main benefits for holding CORX. 1. Getting access to partners services with a favorable conditions. For example in crypto saving, higher interest rates. 2. Earning CORX cashbacks when using specific services, spending stablecoins by partner merchant. 2. Earning Loyalty Staking Reward without locking up the funds. We plan to be listen in additional 1-2 centralized middle size exchanges, and few DEXes like Uniswap and Loopring. This will bring wider userbase , good liqudity and demand.
Cryptodiffer Community
What strategies will the CorionX team use to educate and attract people who don’t know blockchain and cryptography?
Tamas Magyar Board Member
We have several strategies to support to further acceptance of these assets and solutions. For Example:
– Content program
– Event program
– Social media program
– Ambassador program
– Partner program
– Merchant program
– Institution program
– Finance, sponsorship program
– Market Analysis and Research program
We address those people, who are ready to support our Movement and goals.
Cryptodiffer Community
CorionX is a fantastic project and congratulations on that, I would like to ask you, we as a community, what would you like to receive from us? What task do you want to leave us?
Miklos Denkler Co-founder
Thank you for your kind words. We provide wide range of opportunity to engage in the #MoneyInTheRightDirection Movement to create educational content in a simple way that helps non-crypto people to get in. Also we encourage project introductiosn and partnership proposal where we can combine existing applications, usecases and provide it to a wider user community. Every small activity in socail media within the #MoneyInTheRightDirection adds value.
Cryptodiffer Community
As I can see many projects always used DEFI to be hyped, but no real use cases to be give. As one of the project in Defi Space how could you differentiate your project to other existing Decentralized Finance Project out there ? And what are your goals towards Defi Systems ?
Tamas Magyar Board Member
DeFi is very popular topic at this moment, therefore the education is very important. Well prepared projects can absolutely support the growth of this industry and the interest of the users also. If the users are well trained, than they can distinguish those projects, which can give real value to them. I personally believe, that there are many this kind of projects in market at this moment. Corion Foundation and its #MoneyInTheRightDirection Movement want to help this education process.
Cryptodiffer Community
From where comes the economic impulse of Corion Foundation? Considering that is not a NON- PROFIT institution?
I your findout that you have an partnership with SYSCOIN guys, so can you tell me, why this association is so special ? And How can work together to improve the Stablecoins ecosystem?
Miklos Denkler Co-founder
Corion Foundation is non profit. Users can earn and get benefits with using and holding CORX tokens. Syscoin’s solution provides an interoperability bridge, that makes CORX and all ERC20 tokesn transactions cheap, fast and scalable. Syscoin and Corion see that with the right solutions asset-backed digital tokens on the blockchain will create more efficient and beneficial economies. Lower costs, easier compliance, greater convenience for users, and more participation. Our combined focus will include specific stablecoins, DeFi, and helping the unbanked and over-banked. Together we will drive wider adoption of blockchain technology.
Cryptodiffer Community
About the competition. who is CorionX’s competition? How does this project highlight your strengths?
About the competition. who is CorionX’s competition? How does this project highlight your strengths?
Tamas Magyar Board Member
The competition is not problem. It can strenghten the positive results. I can’t highlight you a specific CorionX competitor. Our strenghts are our passion, experience, openness, transparency and willingness to support the main industry.
Cryptodiffer Community
1. Most people talk about how adoption is important, we know that to be able to reach that scalability is priority, as a platxorm that focus on adoption of new DeFi solutions, how can Corion contribute to make those solutions highly scalable?
2. What are the requirements to become stablecoins Ambassadors? Do they receive any rewards for that or it is volunteer service to the community?
Miklos Denkler Co-founder
Great questions. 1. Etherum has a great structure to provide trusted financial services on blockchain. But has scalability issue with stablecoin transactions. That is why we integrated Syscoin interoperabilty bridge, that provides fastm cheap and scalable transactions to ERC20 tokens. I am sure we will see more and more project that provide solution to ETH tokens, like Syscoin, Polkadot, etc. 2. Join the #MoneyInTheRightDirection and be rewarded for your contribution
Cryptodiffer Community
How will any partnership help the project’s growth?
Can you talk about big partnership?
Tamas Magyar Board Member
Partneships are very important part to achieve our mission. With well prepared partnerships we can achieve the best results, therefore we are carefully selecting our partners and one of the most important thing to us, that they really want to achieve our common goals. Why is this important: because we can share each other’s best pratices, we can use each other’s technologies and we can find the best synergies how can we support the industy.
Cryptodiffer Community
What are your plans to educate and raise awareness and adoption among the community to make more people understand CorionX Token and its technology?
Miklos Denkler Co-founder
1. We launched the #MoneyInTheRightDirection movement to create and spread educational content to help mainstrema people to enter crypto and stablecoin usage. 2. We are building a global community where we encourage users not just of usage of CORX but stablecoins, crypto saving, crypto lendin and DeFi services and tokens.
Cryptodiffer Community
How do you plan to show the world that your product is not just useless blockchain solution to a non-existing problem?
Tamas Magyar Board Member
We carefully selecting those project, which we want to show to the world and promote them. The reliable solutions are very important for us, therefore we continuously tracking the projects and the industry and try to highlight the best projects. Our #MoneyInTheRightDirection want to solve this.
Cryptodiffer TEAM
Thank you for your time! Great Answers! @TamasMagyar @MikeDENKLER
Thank you everyone who took part!
