Kora Network - connecting people, communities and capital. Ramon’s rating

I. Category & Industry
II. Description & White paper
III. Team, advisers & Road map
IV. Crowdsale
V. Expert and analytical evaluation
VI. Mentions in the media
VII. Author's opinion & Consolidated valuation

The international financial system includes a set of relationships that have a direct connection with the movement of world money and serve financial and economic interstate relations and international business (foreign trade activities, lending, subsidies, tourism business, exchange of scientific and technical developments, etc.).
Prerequisites for ensuring the stability of the global financial system and its effective development are created through the development of production, business, the formation of a balanced interstate currency market, the world division of labor resources, the creation of a unified world economic system.
A stable system of international financial relations is impossible without the creation of reliable financial institutions since it is such a system in the global view that is a form of regulation of monetary relations.
Monetary resources - the basic element for business and the world economic mechanisms of our time. The international monetary and financial system includes established economic relations in the social environment, as well as financial funds formed on the basis of national income and the redistribution of the social product.
Decentralized (private) finance is a form of organization of monetary relations, movement of funds formed at the level of various enterprises, organizations, other business entities, households, and individuals. Decentralized finances include funds that are formed outside state and municipal finance. Belong to legal entities or individuals.
Decentralized finance is the basis of the financial system since it is in this area that the predominant share of the state's finances is formed.
The content of decentralized finance reveals such concepts as enterprise finances, organizations, household finances.
The finance of enterprises includes finance of enterprises as a financial sector (banks, insurance companies, etc.) and non-financial sphere (enterprises and organizations of various fields of activity, both commercial and non-commercial).
The finance of households includes a set of monetary relations in the creation and use of funds which enter the household and its individual participants in the process of their livelihoods.
The modern system of international financial organizations is regulated by the International Monetary Fund, which is designed to promote interstate cooperation and the unification of business forces for the effective resolution of world financial problems. As an institution of the international financial system, the International Monetary Fund monitors currency reserves, provides conditions for compliance with foreign exchange regulations, counteracts currency restrictions, lends to national economies experiencing temporary problems in maintaining the balance of payments. An important role is played also by such entities of the international financial system as the World Bank Group, the Basel Bank of International Settlements, the European Investment Bank and other organizations that carry out foreign currency lending.
Small business is not supported by investment and lending. One can safely say that the main problem that does not allow small business to establish itself and develop is the financial problem. Small enterprises use an average of thirty percent of their means, that is, their starting capital, to expand their production capacities, to try to attract stable, long-term resources. However, the enterprise can not count on receiving loans from banks, as the banks themselves do not initiate solve this issue.

Kora’s key differentiator is its ecosystem.
Kora’s blockchain stores identity and transactions, runs software modules, and connects to other blockchains while preserving user privacy. The Kora Network 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. Most financial activity between users will be denominated in eFiat instead of KNT. KNT will be used in the background as the staking mechanism for selecting block producers as well as a single medium to pay for fees incurred by the Kora Network. Digital currencies are relatively new, especially in rural areas, so users have a hard time understanding their meaning and value. To increase ease of use and adoption, we provide users with the benefits of digital currency in a denomination and form they understand and trust.
CVNs empower users to pool capital for lending or investment, social assistance, financial education and other services. CVNs are ways for existing communities to do more with their capital. Farming cooperatives can use a CVN to ensure the proper use of funds when buying commodities, selling produce and distributing proceeds. Savings groups can use a CVN to securely pool capital in eFiat and govern the use of that capital. National trade unions can set up CVNs both nationally and as local chapters to increase the transparency into their operations and help to fight corruption.
One would be the creation of CVNs and getting buy-in from the community leaders who are currently providing the ad-hoc financial services to the underserved. Second would be the use of eFiat which are tokens tied to local currency. This enables users to harness the benefits of digital currency while leveraging the trust people have in fiat currencies.
Kora aims to work within the existing financial system. Thus we want to ensure that our network is compliant with governmental regulations. The Kora Network (https://kora.network/) will be able to solve the problem of lending, both for individuals and small businesses, by providing a platform for financial services available to everyone. Kora is a project of hope for billions of people who are underserved by the current financial system. The Kora Network is expected to provide a lowcost, financial services platform for all. Accessible by SMS/USSD on feature phones or with Internet via a mobile app and powered by blockchain technology, the Kora Network is expected to lower the cost to serve for lowincome populations and brings them into the global economy.

The Kora Network Whitepaper, 22 sheets, very well prepared: https://kora.network/downloads/Kora_Vision_Paper_International.pdf. It has detailed project information. There is all the necessary information for the buyer of tokens.

Dickson Nsofor (https://www.linkedin.com/in/dickson-nsofor-90039449/), the Kora Network CEO & Co-founder. Dickson is a serial entrepreneur who has led organizations in Internet, Hardware & Technology. Dickson is a blockchain researcher, & is an Advisor to a number of blockchain projects. He is a Lecturer at INSEEC Business School London, teaching Blockchain for Finance and Social Good. He founded Lixon Mobile, a low-cost mobile phone brand focused in the Chinese and West African Markets which got acquired by GSEMC China. In 2017, he founded Kora to build infrastructure for inclusive financial systems.

The team consists of talented professionals from multiple disciplines. Undoubtedly, these guys have enough knowledge and experience to realize the idea and turn it into a finished product.

Advisors names are not really big in the Blockchain World from a tech perspective, but they do have big partners and connections (both from crypto and traditional VC's) in Fintech and Banking.

The road map of the project is very detailed. And everything is painted quarterly from 2017 to 2019 years.

SYMBOL: KNT
START DATE: Public Sale Starts April 23rd 2018 To May 21st 2018
TOTAL CUZ TOKEN SUPPLY: 755,007,338 KNT
Token Sale: 339,753,302 KNT
Platform: Ethereum
SOFT CAP: $10 million
HARD CAP: $24 million
EXCHANGE RATE 1 KNT = 0.10 USD
MINIMUM PURCHASE: -
PAYMENT METHOD: ETH
Country: Hong Kong
Whitelist/KYC: KYC & Whitelist
Restricted areas: USA, China, Korea
KNT will be distributed to Contributors as an ERC20 token after the token sale is completed. KNT-ERC20 tokens can be redeemed for KNT on the Kora Network when the public blockchain is launched in Q3 2018.

1. ICObench (https://icobench.com/ico/kora-network/ratings#ratings) 3.6
2. ICOHolder (https://icoholder.com/en/kora-network-ico-17923) 3.72
3. ICOmarks (https://icomarks.com/ico/kora-network) 8.4 (4.2)
4. Foundico (https://foundico.com/ru/ico/kora-network.html) 9.5 (4.75), highest estimate
5. Foxico (https://foxico.io/project/koranetwork) 8.5 (4.25)
6. Trackico (https://www.trackico.io/ico/kora/) 4.6
7. Coooins (https://coooins.com/ico/1903) 3.55, lowest estimate

• Forbes (https://www.forbes.com/sites/haroldstark/2017/12/15/robots-are-changing-the-way-we-save-money-too/#1867252f7621)
• Investing (https://www.investing.com/studios/article-153/)
• Cointelegraph (https://cointelegraph.com/news/financial-inclusion-and-efficient-remittance-system-can-save-africa-from-mediocrity)
• Huffingtonpost (https://www.huffingtonpost.com/entry/dickson-nsofor-interview_us_5a5ebd8de4b0c40b3e59757c)
• Koreatimes (http://www.koreatimes.com/article/20180324/1169066)

My consolidated valuation is consisted of:

v1 - weighted average, except for the highest and lowest estimates “Expert and analytical evaluation”:
3.6+3.72+4.2+4.25+4.6=20.37/5 = 4.074

v2 - my weighted average evaluation: 1) WEBSITE-4; 2) WHITE PAPER-3.5; 3) TEAM-4; 4) ADVISORS-3.5; 5) VISION-4.5; 6) PRODUCT-3.5; 7) CROWDSALE-3; 8) MEDIA-4; 9) PARTNERS-4; 10) The current position of the global crypto-currency market-3;
4+3.5+4+3.5+4.5+3.5+3+4+4+3=37/10 = 3.7

Final “Ramon’s rating” for The Kora Network ICO = (v1 + v2) / 2; 4.074+3.7=7.774/2 = 3.9

3.9 of 5.0 points – not bad score, obtained on strict criteria and impartiality and also taking into account the current state of the global crypto-currency market.

Consolidated assessment and overview of The Kora Network tell us about the moderate perspective of this project, but also it has a great underestimated potential. Definitely, Kora has already made a lot of noise. Now it remains for us to follow the implementation of the project of all phases of the Road map to finally make sure of the viability and prospects of this project.

Author: Ramon