ME News reports that on October 27 (UTC+8), KOR Protocol, a creative assets clearinghouse, tweeted that it has established a foundation and will launch the KOR token. The KOR Foundation will support ecosystem development, fund developers building on KOR, promote the long-term decentralization of the protocol, and represent network participants in governing KOR. The foundation will soon release full details of the KOR token, including its tokenomics.
Previously, Foresight News reported that KOR Protocol completed a $7.5 million Series A funding round in July, led by 1kx and Blockchain Capital. (Source: Foresight News)
KOR Protocol Establishes a Foundation and Will Launch the KOR Token
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Summary
On October 27 (UTC+8), the KOR Protocol announced the establishment of its foundation and the upcoming token launch. The KOR Foundation will support ecosystem development, fund developers, and govern the protocol. Details on token economics will be revealed soon. This protocol update follows a $7.5 million Series A round led by 1kx and Blockchain Capital.
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