$CORE will easily 50x my crypto portfolio...
#Coreum is a 3rd generation layer 1 enterprise grade blockchain (EGB) that is the first of its kind.
In this thread I will breakdown why I'm so bullish... 🧵
#Coreum is attacking a HUGE sector.
They aim to bridge the gap between traditional finance and DeFi, enabling financial institutions to leverage the benefits of blockchain technology.
The opportunity is definitely there... 🏦
As we know, traditional finance is looking to explore DeFi because of its benefits.
- Enhanced Efficiency
- Cost Savings
- Global Accessibility
- Transparency
- Improved Security
oliverwymanforum.com/future-of-mone…
What is an Enterprise Grade Blockchain?
This is the standard created by Coreum for blockchain networks that are tailored to meet the needs of businesses. These networks provide essential tools and infrastructure for enterprises to develop and operate decentralised applications.
🔷 All-in-one platform
As an EGB, the Coreum platform will streamline the transition to DeFi for financial institutions by allowing them to build and deploy their own DeFi applications in a 'one stop shop'.
EGBs are attractive as they prioritise security, scalability, interoperability, efficiency, and compliance with regulatory standards like #ISO20022.
Simply, they offer a reliable foundation for businesses to embrace blockchain technology and build innovative applications.
"Coreum’s open-source project is 100% community-owned, built by developers with developers in mind, with a passion for making a more advanced, secure and fast blockchain for enterprises of any size.”
Said @bobrasX, co-creator of Coreum and co-founder of Sologenic.
🔷 ISO-20022 Compliance
Coreum is the first Layer 1 to be intrinsically compliant with ISO20022. Thus making it a very good match for financial institutions as it offers the single standardised approach used by all the financial standard initiatives.
Now, although compliance doesn't guarantee anyone will utilise Coreum...
It does make it a unique layer 1 for any institution looking to build DApps, as compliance with ISO20022 ensures that Coreum's blockchain aligns with recognised industry standards 🧠
By 2025 ISO20022 will be adopted globally📍
This compliance allows Coreum to offer businesses a seamless integration of their operations with the broader financial ecosystem, improving efficiency, facilitating data exchange, and fostering trust and confidence among users.
Now we have identified why #Coreum is attractive to their target audience...
Lets break down the use cases it offers 🔥
These utilities collectively contribute to Coreum's vision of revolutionising DeFi -
- Smart Tokens
- Tokenisation
- Airdrops
- Interoperability
- Enhanced Security
- Scalability & Performance
- CBDC’s and stable-coins
- Interactive NFT
- Wrapped cryptos
🔷 Smart Tokens
Coreum's smart tokens are customisable tokens on the Coreum blockchain. They offer advantages like fast and cost-effective transactions, predictability, security, and the ability to add custom functionalities through smart contracts.
🔷 Smart Token Features
- Customisability
- Lightweight and Efficient:
- Predictability
- Cost-Efficiency
- Security
- Extendibility
These are greater options to traditional smart contracts, enabling the development of innovative DeFi solutions and enhance the user experience.
🔷 Tokenisation
Coreum has the tools & features to tokenise different assets. Through smart contracts, customisation options, interoperability & compliance measures. Enabling the creation & management of tokenised assets in a secure, efficient & transparent manner.
🔷 Interoperability
Coreum achieves interoperability by integrating ISO20022 and IBC.
ISO20022 - Enables compatibility & smooth communication among different systems
IBC - Enables the transfer and exchange of tokens between Coreum and other blockchain networks.
🔷 CBDCs & Stable-Coins
By providing a reliable blockchain infrastructure, tokenisation framework, smart contract functionality, interoperability, regulatory compliance & security, Coreum enables the issuance & management of CBDCs & Stable-coins.
🔷 Interactive NFTs
Coreum provides the necessary infrastructure and capabilities to create, manage, and interact with these unique digital assets.
- NFT Creation
- Smart Contracts
- Customisability
- Interoperability
- Marketplace Integration
- Security and Scalability
🔷 Wrapped Cryptos
These enhance accessibility for users who want to interact with cryptos on the Coreum blockchain. It enables the representation of cryptocurrencies as tokens, which can be traded, transferred & integrated into various applications & DeFi protocols on Coreum.
In conclusion, all these features make #coreum an exciting platform spearheading an industry that is just opening up to the crypto ecosystem.
This breakdown should give you a good idea why I am bullish and why I see so much potential in this project...
If you enjoyed this thread please feel free to support it by liking, re-tweeting & commenting on the first tweet 🔥
This is the first of 5 threads this week, so stay tuned 🧵
Don't forget to check out my NFT project, the @Coreapesclub which is the official PFP project of the @CoreumOfficial network.
Each NFT gives holders the chance to support Coreum directly with their unique utility, offering a tokenised stake on our community validator.
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