Coruls
Introduction
The use of modern strategies in business gives more fame, increases users, and enhancing the productivity of the platform. The thing which impresses the buyers of any platform is to talk about current market problems and give a solution to these problems. Corul is a tokenized Defi marketplace which is for future generation and seeks to give clearness, safety measures, and consistency to trader and customers. Corul is an associate marketplace and works as a universal ecommerce amass to improve the recent business by providing its innovative tokenized defi marketplace.
About Coruls
Coruls is a worldwide functioning ecommerce store which plans to reform the modern businesses with its futuristic tokenized DeFi Marketplace with partner payment gateway Plasma Pay that is curated to be viable with both fiat and cryptocurrencies. This also assures that Coruls can provide solutions to organizations, subsidiaries and buyers to carry economy forward with CORL. Coruls marketplace is fabricated to give decentralized fund options to aid vendors, producers, wholesalers and small retailers to borrow loan on their crypto collaterals at minimal interest rates. Here investors can help economy by giving credit and acquire good interest percentage on it. The platform aims to cater ongoing online businesses to the blockchain and cryptocurrency domain to make them more secure, clear, quick and genuine. The inclusion of cryptocurrencies as a medium of payment opens standard businesses to the modern market of buyers who wish to do payments with the safety and productivity of cryptocurrencies.
Coruls is the DeFi (Decentralized Finance) payment processing platform that targets to gather more buyers for dealers and help people to buy more online by giving the facility of shop now and pay later through simple EMI options. Besides, the Coruls plan also allows users to buy, sell and trade currencies like BTC, ETH and USDT quickly with more currencies to be added soon. This aids users to get the currency they require for their needs. The Coruls wallet is an encoded and very safe cryptocurrency wallet where users can securely keep their bitcoins, altcoins and the $CORL token.
CURRENT MARKET PROBLEMS
● International Transaction
Current fiat currency payment options, need approximately 10 to 30 days to summon worldwide transactions. This builds a big time difference in the settlement interval which has a very negative effect on trader’s return and refund schemes. There is a huge number of customer base who want to pay in cryptocurrency but most merchants only have fiat payment options only.
● Merchants, Affiliates & Consumer Interaction Failure
There is no marketplace which can aid the entire ecosystem for not only consumers but also for merchants, manufacturers, affiliates and distributors. There are many other platforms for everything separately but are not very well connected to one another, sales are still hard to drive, people still work hard to find jobs and consumers still don’t have options to buy their product.
● Difficulty in Swapping Cryptocurrencies
The exchange of cryptocurrencies between one another is usually a difficult process that involves trading. There is no simple available method to change one form of cryptocurrency into another quickly during urgent requirement.
● Uneasy Funds Transfer
The deposit and withdrawal of cryptocurrencies is a very complex procedure on many of the hardware along with software wallets. The conventional wallets have a lot of tedious lengthy process which makes them unwanted while doing financial transfers.
● Unreliable Payment Systems
Sometimes banks do the payment for merchants and they face a lot of chargebacks unnecessarily. Thus traders cannot depend on currently available payment processors for payments.
OUR SOLUTION
● Coruls will make transactions quick and settlements with merchants even faster. If merchant receives cryptocurrencies by buyers, settlements will happen in minutes while fiat settlements will take days.
● Coruls aims to provide its marketplace listing to each and every merchant present irrespective of their domain, therefore helping world’s economy to grow at much faster rate.
● Coruls is creating a marketplace for not only to sell the real world products but also building network of affiliates to increase more marketing and sales jobs. The platform will tie up with influencer management platform and will bring all necessary marketing plugins to bring more sales for its traders.
● CORL is curated to motivate shoppers to get flat 5% OFF and will help them earn awards for holding tokens. CORL will also help Coruls project to maintain liquidity and smooth cash flow for further increment. Investors can invest in CORL via exchanges or through coin.coruls.com website to earn benefits in long/ short term.
● The amalgamation of fiat and cryptocurrency in Coruls gives consumers the liberty to pay in whichever currency they feel secure with, which will grow businesses for merchants.
● The Coruls wallet has in-built features by which consumers can exchange cryptocurrencies ($CORL, Plasma, BTC, ETH, or USDT) between one another at market prices with the ease of few clicks.
● The Coruls wallet is curated with user experience in mind, thus all the functionalities have been designed such that they can be carried out by anyone with least amount of stress and effort.
Coruls’s Product
● Coruls Marketplace: Allows merchants, customers, and affiliates to connect and trade.
● Currency Swap: Allows customers and merchants to be able to pay and receive payments with fiat and cryptocurrency.
● Coruls Wallet: Allows users to be able to store their digital assets safely and conveniently. This wallet also has several features that can maximize the user experience when using the Coruls platform.
● Coruls DeFi: DeFi solution that allows Lending and borrowing to be done easily and safely.
● Buy Now Pay Later: A feature that allows merchants to be able to provide “Buy Now and Pay Later” features to their customers by utilizing CORL tokens.
Corul Features
● Staking
Stake CORL and earn CORL with our flexible and fixed duration locking and staking methods.
● Utility
CORL token will be used to get a discount of 5% on all the products listed on Coruls marketplace. If merchants want to avail the facility of Buy Now and Pay later for their customers then they need to hold CORL tokens in their registered wallets.
● Affiliates
All affiliates get 3% of whatever sales they do from the Coruls platform in $CORL token along with whatever affiliate share is offered by merchants.
● Rewards
Customers, affiliates and merchants, everyone get rewards for using the Coruls marketplace.
● Liquidity Pool
Stake CORL in liquidity pools to provide market liquidity and earn a portion of transaction fees for each transaction of CORL token
● Merchant Financing (DeFi)
Merchants will be able to borrow money from the marketplace to maintain their products inventory and expand their business. This will give a much better buying and selling experience on the platform.
Corul Wallet
The Corul wallet permit consumer to maintain their bit coins and altcoins by providing them effortlessness to control their possessions, not like typical wallet systems. The flat set down and taking out process from the wallet make it only one of its kind from its resistance. Buy now and pay later policy of coral permit all dealers around the world to buy tokens from coruls. In return corl moreover provide acclaim to their users which depended on economic dealings and the security they set into the platform. Current market problems like complexity in swapping, complex transaction etc, are faces by traders and also effects the growth of platform .
Corul provide solution of current problems and set faster, speedy transaction for users, make settlements with trader more secure and faster as compare too there. By giving quick response to any trader, all the settlement will arrange within minutes. Corul serving the world’s financial system to give increase greatly faster rate and listing to each trade there irrespective of their field.
Token Economics
Coruls will launch a CORL token which will serve as a payment on the platform. These tokens will provide many benefits to merchants, consumers, traders, affiliates, influencers, start-ups, investors & third-party users. This token will be used as fuel that will support the operation of the platform with the following details;
Tokens will have 6 months of vesting that is 100% of the amount will be released to investor in 6 months. Funds will have 3 months of locked-in of their CORL token in liquidity pool so that they can earn 0.3% of transaction fee based upon the liquidity they provide in the pool. The distribution of CORL token starts after Round 3 is over on completion of KYC. The pairing of $CORL will start with ETH-CORL and USDT-CORL pair.
Coruls has taken calculated action to bring CORL to market so that it’s flow will be easy and can serve for the betterment of marketplace platform and other DeFi fintech products.
CORL is developed on standard Ethereum platform with version ERC20. The reason behind choosing ERC20 is to create a ledger in Ethereum ecosystem as almost all the tokens are in this blockchain ecosystem. Interaction with other cryptocurrencies and its behavior will be smooth & standardized by the selection of this technology. It supports all the recognized coins/ tokens increasing a number of wallets or exchange can transact with. It can also be traded both on centralized and decentralized platforms. Apart from this, token’s functionalities & behavior can also be coded in the smart contract which is the best feature of Ethereum.
Token Allocation
● Team: 9%
● Legal: 2%
● Operation Cost: 5%
● Crowd-sale, Investors & Reward Distribution: 35%
● Exchange Listing & Liquidity: 10%
● Advisors: 2%
● Community: 1%
● Technology: 9%
● Marketing: 15%
● Reserved: 12%
#CORL #Coruls #bestinvestment #DeFi #cryptoinvest #cryptotraders #staking
Roadmap
● April, 2020
Coruls.com international ecommerce store formed
● June, 2020
Whitepaper released
● August, 2020
Seed Round
● October 1st – 15th, 2020
OTC Round1
0.10$/CORL
● October 21st-November 05th, 2020
OTC Round 2
0.40$/CORL
● November 7th-25th, 2020
OTC Round 3
0.50$/CORL
● November 25th-30th, 2020
Token Swap event
0.60$/CORL
● November 30th, 2020
Listing on Uniswap
● December 15th, 2020
Exchange Listing
● January 25th, 2021
Coruls Marketplace with CORL token integration in payment gateway with wallet – Beta Version
● February, 2021
P2P transfer of CORL token made available on wallet app
● March, 2021
Investment platform – Beta version
● March, 2021
Onboarding minimum 1000 merchants to sell 10000+ products on platform and manage their inventory
● April, 2021
Onboarding Affiliate marketers
● April, 2021
Tying up with international brands
● May, 2021
Integrating e-learning platform in Coruls marketplace
Team and Advisors
NISHANT KOTHARI
CEO, Coruls
ERIC EGNET
Executive Advisor, Coruls
RENÉ POMASSL
CEO and Co-founder, Salamantex GmbH
ILIA MAKSIMENKA
CEO and Founder, Plasmapay
DARBY BEENKEN
Serial Entrepreneur and Technology Evangelist
VIKALP SHUKLA
CEO and Founder, Refine Medium
DARYL NAIDOO
Strategic Advisor, Coruls
Conclusion
For more information
WEBSITE : https://coin.coruls.com/
WHITEPAPER: https://coin.coruls.com/wp-content/uploads/2020/09/WP_CORULS6.pdf
TELEGRAM: https://t.me/coruls
TWITTER: https://twitter.com/corlcoin
MEDIUM : https://medium.com/@corlcoin
FACEBOOK : https://www.facebook.com/Corulsofficial
LINKEDIN : https://www.linkedin.com/company/coruls/
Author : https://bitcointalk.org/index.php?action=profile;u=2851004
