If you look at the DeFi ecosystem, you’ll find that there are few projects that aim to boost the overall adoption of stablecoins and other DeFi projects. Almost all of them strive to increase their own adoption by serving various purposes. And that is common not only to the DeFi industry but to all industries and economies in general. However, once in a while there comes a project that takes the responsibility of working for the overall growth of the industry. CorionX is one such project – it aims to increase the adoption of stablecoins, CBDCs, and DeFi by enabling interoperability between them with the help of its revolutionary platform. Here we’ll try to learn more about it and how it’s beneficial for every stakeholder of decentralized finance.
So, to get started let’s discuss the CorionX ecosystem products and services first. Right now it’s a simple platform with a wallet, an attractive reward system, and a staking. It aims to support a wide range of stablecoins, like Tether, USDC, DAI, Gemini Dollar, PAX, etc., and allows its users to transact easily using any of these stablecoins. That’s what makes CorionX platform special – one can make payments without having to worry about the stablecoin that’s preferred by the recipient.
But is that all being done by the CorionX project? Definitely not. There’s much more to it.
CorionX educational programs and awareness campaigns
Corion Foundation – the nonprofit organization behind the CorionX project – also organizes a number of educational programs and awareness campaigns to increase the understanding of decentralized finance among common people. An example of such programs is its #MoneyInTheRightDirection movement, which became very successful and led to the entry of many new users in the DeFi economy. CorionX aims to see a whopping 20 million daily stablecoin users by 2021, which is why it’s going all out with products, services and awareness campaigns to pull as many people into the world of DeFi as possible.
CorionX token (CORX)
CORX token is the native token of the CorionX project. The role of this token is to act as ‘gas’ for empowering using stablecoins and DeFi. Now the token has been listed on Probit, Tokenizer, and Uniswap, so you can start trading or holding it if you want to from any of these exchanges.
In the end, all we can say is that the CorionX project is very well positioned to grow substantially as the adoption of DeFi, stablecoins, CBDCs, and other similar projects increases among people. The company is playing a critical role as facilitator for all major DeFi tokens, so it won’t be easy to replace it for any other project. That also explains to a certain extent the reason behind its successful partnerships. So if you too want to hold its tokens for long-term value generation, purchase some of them from any of the 3 exchanges where they’re listed.