Korona (Korona Token)

Implementing a new payment technology - Korona Instant

The Korona payment framework will use lightning network based technology solution for transfers. Compared to currently existing payment processes this will enable significantly faster transaction times at significantly lower costs. 

Korona API for existing e-commerce stores

To accept Korona token payments easily, the Korona system will provide a digital payment platform, that can be easily integrated into any third party online store platform available. 

Free webstore frames for businesses

Equipped with Korona API, modern, freely accessible and usable complete webstore platform frames will be provided for businesses. 

Korona Market

A new integrated own Korona e-commerce market platform will be built, where users will find a wide range of products and services from third party webstores, that would otherwise not accept cryptocurrency payments. The Korona Market will function with an incorporated and automated drop shipping system. Users will be able to pay with Korona, however merchants will receive fiat money, if they desire. Naturally products from Korona API using businesses will be also integrated and offered.  

International price comparison system

A special price comparison feature will be added to the Korona Market to enable users to compare and purchase the same, or similar products and services cheaper, if needed, from other countries, using Korona’s drop shipping program. 

Smartphone payments in real shops

Lightning network technology solutions make real time payments realistic. Korona users will be able to use their smartphones to effect instant contactless payments in shops.   

Korona Cryptobank

An integrated cryptobank will support the services of the Korona Ecosystem. Apart from providing fiat money to business users, Korona’s cryptobank will also provide commercial banking offerings, such as conditional and unconditional guarantees and L/C’s.

Korona business wallets

Business users will have the option to register their wallets officially. Additionally, business users will have special features to support their accounting and tax reporting tasks and requirements. 

Korona commerce platform

External service providers will be able to safely and easily connect to the Korona platform, enabling such synergies as the creation of token-integrated invoicing programs, inventory-registration programs, consumption tracking as well as inventory re-ordering systems.

Korona merchant marketing support

A special web-based marketing feature will assist business users in promoting their products and services on Korona’s platforms. 

Business taxation information support

Information support on taxation rules will be provided to business users by internationally recognized and licensed tax experts. FAQs and best practices will be also shared.  

“Volatility tempering” mechanism  

Alltogether 10% of the Korona tokens create a special flexibility reserve mechanism. Among other Korona cryptobank related tasks, this reserve shall be partially available for reducing short-term volatility, intending to lower the negative effects of short term hectic movements, that may cause potential risks and significant uncertainty in the daily usage of tokens for our users.