CorionX and AI Start-Up TEAL join hands to develop a sustainable crypto currency system
Zug/Bocholt, 20 October 2020 — Corion Foundation is partnering with, the TEAL, the smart blockchain ecosystem that supports stablecoin and DeFi awareness through our#MoneyInTheRightDirection Movement. The aim of the partnership is to develop a sustainable blockchain based ecosystem for the TEAL Marketplace and CorionX community and other decentralized services. The partnership will consist of the joint development of a sustainable monetary system while broadening public awareness about the functioning and possibilities of blockchain technology for businesses.
The first application of a jointly developed sustainable crypto currency system is the TEAL Marketplace, a decentralized marketplace with social network functions, connecting consumers with the best recommendations, and merchants with the most suitable customers through proprietary artificial intelligence (AI). The partnership with CorionX enables TEAL to take a further step towards offering stablecoin payments and decentralized finance (DeFi) services, which would allow for a clear reduction in time to market. The flexible TEAL Coin that serves as an economically flexible currency on the marketplace will serve as a powerful showcase of the opportunities of a hybrid coin that is neither fixed nor speculatively traded. CorionX serves as a “gas” to boost stablecoin and DeFi services on TEAL Marketplace.
Klaus Holthausen, co-founder and CEO of TEAL: The synergies that this cooperation provides are very promising. The knowledge on monetary theory that CorionX brings to the table is incredibly valuable for further developing our ecosystem. I am very happy that TEAL in return can contribute to realizing CorionX’s vision. A vision we strongly share.”
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. Using the CORX utility token on a daily basis has many benefits through partnerships and white label integrations. Token holders receive Loyalty Staking Rewards quarterly and get access to a wide range of stablecoins and DeFi within the CorionX wallet. CorionX extends its use cases to mainstream users and merchants with utilizing AI on TEAL Marketplace.
Miklos Denkler, Board Member at CorionX: “We are very excited about our new partnership with TEAL. By setting a strong example, the revolutionary TEAL Marketplace truly has the capability to show the potential of sustainable crypto currency systems to the rest of the world. This way, our collaboration will be able to advance the goals — in mainstream crypto adoption supported with AI — we set out to achieve with our foundation.”
Partners launching their IEOs hands in hands
Both projects partnered with ProBit Launchpad, one of the most successful Launchpad platforms, to conduct their IEO as part of their go to market strategy. CorionX’s round is running until 21st of October while TEAL’s round begins the same date. Both projects provide special bonuses and community incentives.
ABOUT TEAL AI AG
TEAL is the smart blockchain ecosystem from Europe. TEAL interlinks the decentralized structure of the blockchain with a tried and tested, associative AI and thus creates a large number of new potential applications for consumers and companies. The first solution within the smart blockchain ecosystem is the TEAL Marketplace. On this marketplace, the blockchain enables immediate and transparent transactions between user and brands. At the same time, each party retains ownership of its data. The associative AI ensures that search results and recommendations match the actual wishes of users. https://teal.digital
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. In 2018–2019 the Coion realized that our aim is to encourage world-wide adoption of stablecoins, CeFi, safe DeFi, CBDCs and allow everyone with CorionX to participate in the new digital economy with ease. https://corion.io/corionx/
Learn more about the about CorionX — https://corion.io/corionx/
Follow CorionX on Facebook — https://www.facebook.com/CorionFoundation
Find CorionX on Twitter — https://twitter.com/CorionPlatform
Join the CorionX community on Telegram — https://t.me/corionx
Read about CorionX on Medium — https://medium.com/@Corion