ICO KYC Report
2 members invited
About Kora Network
Kora Ecosystem
Our blockchain stores identity and transactions, runs software modules, and connects to other blockchains while preserving user privacy. We use Tendermint DPoS as a consensus algorithm, allowing for scalability while maintaining decentralization. The blockchain is secured by the Kora Network Token (KNT).
eFiat are digital versions of national currencies that users understand and trust. They are 100% backed by cash reserves, and redeemable on a 1:1 basis.
CVNs empower users to pool capital for lending or investment, social assistance, financial education and other services.
Ratings
Vlad Skakun
Cryptocurrency Enthusiast | Senior Analyst at Midgard Ventures
Rated on 13 Apr 2018
Rated on 13 Apr 2018
2
2
1
17%
Verdict: 3.5 out of 10
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The Idea of the project is great, but it is too far from realization. The team lacks experience for such ambitious ideas and plans. We find the planned allocation of their funds ridiculous (30% for Onboarding users to the Network and 10% primarily for seed-funding startups that build value-added applications on the Kora Network). The tokenomics of the project will not bring large returns on investments in the short term. Even in the long term, Kora Network have to compete with other projects in this field.
It is also worth mentioning two redflags found during our research:
Redflag!!! There are many accounts (bots) in their telegram group which send same messages about how great the project is. They ask the same questions again and again, even after receiving answers!!!
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Redflag!!! Admins from the Telegram group deleted my messages (about competitors) until I said I was doing research on their project. They said that bots deleted my messages, not them. However, my messages disappeared after one to two minutes, not immediately.
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Report:
ENG https://cryptodiffer.com/kora-network-ico-review-by-midgard-research-eng/
RUS https://cryptodiffer.com/kora-network-ico-review-by-midgard-research-rus/
Agree
7 people agree
Bogdan Fiedur
ICO and Blockchain Advisor. Full Stack and Ethereum/Solidity smart contract developer.
Rated on 27 Mar 2018
Rated on 27 Mar 2018
4
3
4
13%
Mike Blackwood
Marketing officer
Rated on 16 Feb 2018
Rated on 16 Feb 2018
3
3
2
9%
Looking unserious and middling.
There are many similar projects. Nothing new.
Agree
2 people agree
Experts are independently and voluntarily contributing to the community. If no expert has rated the ICO, only ICO analyzer's results are used. Always research before investing as these ratings should not be taken as an investing guide of any kind.
Ratings and ICO analyzer results are being updated (re-calculated) every few hours.
Financial
Token info
Token
KNT
Platform
Ethereum
Type
ERC20
Price in ICO
1 KNT = 0.10 USD
Tokens for sale
339,753,302
Investment info
Min. investment
5000 USD
Accepting
ETH
Distributed in ICO
45%
Soft cap
10,000,000 USD
Hard cap
24000000
Milestones
1
Jul-2017
Seed Investment.
2
Aug-2017
Kora 1.0 Development Begins - USSD, SMS & Mobile App.
3
Sep-2017
Kora 1.0 Launches on Ethereum Testnet.
4
Nov-2017
User Testing Launched in West Africa.
5
Dec-2017
Core Network Development.
6
Feb-2018
Pre - Sale.
7
Feb-2018
Kora 1.0 Launches on Permissioned Testnet.
8
Mar-2018
First Beta Launches.
9
Mar-2018
Public Sale.
10
May-2018
First Beta meets all milestones.
11
Aug-2018
Launch Pilot in Africa.
12
Mar-2019
Asia & Global Expansion.
13
Nov-2019
Kora 2.0 Launches.