Warning: Uninitialized string offset 0 in /srv/users/amstribuneusr12/apps/berlinverdict-aws/public/wp-includes/class-wp-recovery-mode-email-service.php on line 1

Warning: Uninitialized string offset 0 in /srv/users/amstribuneusr12/apps/berlinverdict-aws/public/wp-includes/class-wp-recovery-mode-email-service.php on line 1

Warning: Uninitialized string offset 0 in /srv/users/amstribuneusr12/apps/berlinverdict-aws/public/wp-includes/class-wp-meta-query.php on line 1

Warning: Uninitialized string offset 0 in /srv/users/amstribuneusr12/apps/berlinverdict-aws/public/wp-includes/class-wp-meta-query.php on line 1

Warning: Uninitialized string offset 0 in /srv/users/amstribuneusr12/apps/berlinverdict-aws/public/wp-includes/l10n/class-wp-translation-controller.php on line 1

Warning: Uninitialized string offset 0 in /srv/users/amstribuneusr12/apps/berlinverdict-aws/public/wp-includes/l10n/class-wp-translation-controller.php on line 1

Warning: Uninitialized string offset 0 in /srv/users/amstribuneusr12/apps/berlinverdict-aws/public/wp-includes/default-filters.php on line 1

Warning: Uninitialized string offset 0 in /srv/users/amstribuneusr12/apps/berlinverdict-aws/public/wp-includes/default-filters.php on line 1

Warning: Uninitialized string offset 0 in /srv/users/amstribuneusr12/apps/berlinverdict-aws/public/wp-includes/class-wp-duotone.php on line 1

Warning: Uninitialized string offset 0 in /srv/users/amstribuneusr12/apps/berlinverdict-aws/public/wp-includes/class-wp-duotone.php on line 1

Warning: Uninitialized string offset 0 in /srv/users/amstribuneusr12/apps/berlinverdict-aws/public/wp-includes/class-wp-user-query.php on line 1

Warning: Uninitialized string offset 0 in /srv/users/amstribuneusr12/apps/berlinverdict-aws/public/wp-includes/class-wp-user-query.php on line 1

Warning: Uninitialized string offset 0 in /srv/users/amstribuneusr12/apps/berlinverdict-aws/public/wp-includes/script-loader.php on line 1

Warning: Uninitialized string offset 0 in /srv/users/amstribuneusr12/apps/berlinverdict-aws/public/wp-includes/script-loader.php on line 1

Warning: Uninitialized string offset 0 in /srv/users/amstribuneusr12/apps/berlinverdict-aws/public/wp-includes/media.php on line 1

Warning: Uninitialized string offset 0 in /srv/users/amstribuneusr12/apps/berlinverdict-aws/public/wp-includes/media.php on line 1

Warning: Uninitialized string offset 0 in /srv/users/amstribuneusr12/apps/berlinverdict-aws/public/wp-includes/class-wp-http.php on line 1

Warning: Uninitialized string offset 0 in /srv/users/amstribuneusr12/apps/berlinverdict-aws/public/wp-includes/class-wp-http.php on line 1

Warning: Uninitialized string offset 0 in /srv/users/amstribuneusr12/apps/berlinverdict-aws/public/wp-includes/class-wp-application-passwords.php on line 1

Warning: Uninitialized string offset 0 in /srv/users/amstribuneusr12/apps/berlinverdict-aws/public/wp-includes/class-wp-application-passwords.php on line 1

Warning: Uninitialized string offset 0 in /srv/users/amstribuneusr12/apps/berlinverdict-aws/public/wp-includes/rest-api/endpoints/class-wp-rest-controller.php on line 1

Warning: Uninitialized string offset 0 in /srv/users/amstribuneusr12/apps/berlinverdict-aws/public/wp-includes/rest-api/endpoints/class-wp-rest-controller.php on line 1

Warning: Uninitialized string offset 0 in /srv/users/amstribuneusr12/apps/berlinverdict-aws/public/wp-includes/rest-api/endpoints/class-wp-rest-global-styles-revisions-controller.php on line 1

Warning: Uninitialized string offset 0 in /srv/users/amstribuneusr12/apps/berlinverdict-aws/public/wp-includes/rest-api/endpoints/class-wp-rest-global-styles-revisions-controller.php on line 1

Warning: Uninitialized string offset 0 in /srv/users/amstribuneusr12/apps/berlinverdict-aws/public/wp-includes/rest-api/endpoints/class-wp-rest-autosaves-controller.php on line 1

Warning: Uninitialized string offset 0 in /srv/users/amstribuneusr12/apps/berlinverdict-aws/public/wp-includes/rest-api/endpoints/class-wp-rest-autosaves-controller.php on line 1

Warning: Uninitialized string offset 0 in /srv/users/amstribuneusr12/apps/berlinverdict-aws/public/wp-includes/rest-api/endpoints/class-wp-rest-menu-items-controller.php on line 1

Warning: Uninitialized string offset 0 in /srv/users/amstribuneusr12/apps/berlinverdict-aws/public/wp-includes/rest-api/endpoints/class-wp-rest-menu-items-controller.php on line 1

Warning: Uninitialized string offset 0 in /srv/users/amstribuneusr12/apps/berlinverdict-aws/public/wp-includes/rest-api/endpoints/class-wp-rest-font-families-controller.php on line 1

Warning: Uninitialized string offset 0 in /srv/users/amstribuneusr12/apps/berlinverdict-aws/public/wp-includes/rest-api/endpoints/class-wp-rest-font-families-controller.php on line 1
CorionX and Syscoin Join Hands to Drive Stablecoin Adoption, CorionX IEO Enters Third Round | Berlin Verdict

CorionX and Syscoin Join Hands to Drive Stablecoin Adoption, CorionX IEO Enters Third Round

Press Release: The Corion and Syscoin non-profit foundations have announced a partnership to address blockchain market interoperability issues and accelerate stablecoin adoption. The CorionX IEO third round started on the 5th October, 2020

Zug, Switzerland, October 8th, 2020, ZEXPRWIRE The non-profit Corion Foundation is pleased to announce a new partnership with the Syscoin Foundation. The foundation partnership is the result of a shared vision to make global access to swift, safe low-cost Open Finance solutions a reality. 

The foundations of Corion and Syscoin will coordinate campaigns to educate and spread awareness using AMAs, Webinars, Training Sessions, Seminars, Working Groups, and all other means. They will also work together on marketing and certain business development initiatives. CorionX is hosting the third and final round of its CORX DeFi token IEO which started on Probit exchange on Monday the 5th of October, 5:00am (GMT+2)

The ETH Conundrum

Scalability and cost are two of the biggest factors that determine whether or not a new digital currency will have a chance to be adopted on a global scale. Ethereum is currently the blockchain of finance, but increasing stablecoin and DeFi transactions have exacerbated an already congested network, only equipped to process around 15 transactions per second. 

Such congestion has resulted in record ETH transaction fees ($15 this September) for ERC-20 token users, and by even the most optimistic claims, the phase zero groundwork of the solution promised by the ETH 2.0 Launch will not come into effect until November, 2020. With stablecoins unable to go mainstream due to Ethereum network limitations, and big questions still hanging over token scalability, it seems that interoperability is the next logical step

The Stable Solution

The Syscoin and Corion foundations are currently working together to provision Syscoin Bridge, a decentralized cross-chain interoperability solution that works today, to support CorionX (CORX), Corion’s ERC-20 token and other Ethereum-based Stablecoins and DeFi tokens. The Layer 2 and Cross-Chain bridge solution provides scalability and microtransactions, solving the micropayments issue and scaling-up stablecoin transactions. 

This Solution will provide cheaper and faster transactions enabled by Syscoin’s unique Z-DAG Protocol, and more robust security offered by Syscoin’s blockchain which is bitcoin-core-compliant and merge-mined. 

Jag Sidhu, Syscoin Foundation Chairman stated: 

“Our combined focus will include specific stablecoins, DeFi, and helping the unbanked and over-banked. Together we will drive wider adoption of blockchain technology.“

Syscoin and CorionX believe 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. The integration between the two companies will solve problems with interoperability, and provide fast, cheap scalable transactions. 

A Step Towards Mass Adoption

CorionX is designed to create the global framework for education, expansion, and promotion for the usage of stablecoins, CBDCs, crypto saving, lending, OpenFinance and DeFi. 

Corion Foundation’s #MoneyInTheRightDirection Movement has already started aiding the paradigm shift towards the mass adoption of crypto, digital and programmable money.

Miklos Denkler, Corion Foundation Board Member, explains the great ambition of the partnership, stating: 

“This partnership will expand crypto and stablecoin use-cases, and help millions of people and crypto communities use CorionX and Syscoin services worldwide. It presents an amazing opportunity for both partners to empower the crypto community to make scalable transactions, experience user friendly DeFi, and to make cryptocurrency savings and investment more mainstream.” 

This pioneering movement includes the Corion educational organizations, crypto projects, influencers, financial providers, independent investors, and journalists who all support the mainstream adoption and education of crypto assets, stablecoins and Decentralized Finance solutions. The CorionX utility token itself even supports the everyday use of crypto, with benefits through business partnerships, white label solutions, and Token Loyalty Staking with quarterly rewards. 

CorionX IEO 

Following a successful second round, CorionX is preparing for its third IEO round for its CORX token on Probit Launchpad, The IEO token funds will be used towards the #MoneyInTheRightDirection Movement’s programs, Integrations, Staking, Savings, Benefits and CashBacks.

IEO Details

Token: CorionX (CORX)

Token Type: ERC-20

Round Date: 2020-10-05 05:00 (GMT+2)

Price 1 CORX = 0.015 USDT

Token Bonus: PROB: 7%, USDT, BTC, ETH: 5%

IEO total token supply: 61.5 million

Bonus Lockup: 3 months after listing

About Corion Foundation

Corion Foundation is a non-profit organization,founded in 2016. It was created with the aim of helping the development and spread of stablecoins and reliable cryptocurrencies across the world. 

About Syscoin Foundation

Founded in 2018, the Syscoin Foundation is a non-profit organization that represents the Syscoin core development team, secures the code repositories, and oversees public relations for the protocol. Its goal is to expedite the global adoption of blockchain technology by demonstrating the unique decentralization features offered by Syscoin Platform.

Join the 3rd round of the CorionX IEO – https://www.probit.com/en-us/ieo/corx-round1/2  Learn more about the about the Corion Foundation https://corion.io 

Follow CorionX on Facebookhttps://www.facebook.com/CorionFoundation

Find CorionX on Twitterhttps://twitter.com/CorionPlatform

Join the CorionX community on Telegramhttps://t.me/corionx

Read about CorionX on Mediumhttps://medium.com/@Corion

Learn more about the Syscoin-Ethereum Bridgehttps://syscoin.org/syscoin-bridge 

Find Syscoin on Twitterhttps://twitter.com/syscoin 

Join the Syscoin community on Telegram https://t.me/Syscoin_Official 

Media Contact Details

Contact name: Miklos Denkler

Email: info@corion.io

CorionX is the source of this content. This Press Release is for informational purposes only. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all.

CryptoMarketeer.com has been proudly serving the crypto press release distribution needs of blockchain start-ups. Get your Crypto Marketing Services & Press Release Distribution today.

The post CorionX and Syscoin Join Hands to Drive Stablecoin Adoption, CorionX IEO Enters Third Round appeared first on Zex PR Wire.

Information contained on this page is provided by an independent third-party content provider. Binary News Network and this Site make no warranties or representations in connection therewith. If you are affiliated with this page and would like it removed please contact contact@binarynewsnetwork.com

News

ReWorks Disrupts B2B Corporate Gifting with Custom Merchandise Solutions

Delhi, India, 24th April 2024, ZEX PR WIRE, ReWorks.in, a leading provider of custom corporate gifting solutions, celebrates two years of empowering businesses to foster...

Remote Quality Bookkeeping Provides Unparalleled Services to Help Small Businesses and Franchises with Their Accounting Needs

Remote Quality Bookkeeping allowing to SMEs and Franchise entrepreneurs to focus on what they do best by providing high-quality outsourced accounting services Wells, ME, 28th...

Transform Your Health with Prowise Healthcare Ltd’s Expert Guidance and High-Quality Supplements

London, London, United Kingdom, 5th Apr 2023, King NewsWire – Prowise Healthcare, Established in 2015, the company has built a strong reputation as a...

Chad Reeves Explains 5 Transformative Technologies to Embrace in Real Estate Development in 2023

New York, US, 24th June 2023, ZEX PR WIRE, In recent years, the real estate industry has been embracing technological advancements to streamline processes,...

Klaiyi Hair Announces Attractive July Rewards

Klaiyi Hair announces July Rewards for customers purchasing products from July 8 to July 19, 2022. Santa Fe Springs, CA, 6th July 2022, ZEXPRWIRE, Klaiyi Hair,...

M&A transactions in the technology segment reflect broad validity: Luis Doporto Alejandre

According to S&P Global Market Intelligence, during the second quarter of 2022, the M&A environment averaged 88 million dollars per transaction, with the information...

Istanbul Blockchain Week set to return in August for largest Turkish web3 event of 2023

Istanbul Blockchain Week, the largest industry leading web3 event in the Eurasia region, is back for its second edition this August, with its main...

Valley Relocation Offers Warehousing and Storage Services for Commercial Relocations in Sacramento

The California-based moving company focuses on providing add-on services to their commercial relocation clients for a smooth transition Sacramento, CA, 13th April 2023, ZEX PR...

The VIVIVERSE is the first ever PlayNation in the Metaverse

Viviverse brings entertainment to the next level, redefining X to earn by blurring the lines between the metaverse and reality. Users or citizens who...