Coreto COR

Coreto is a reputation-based social platform that bridges the interaction between projects, retail Investors, traders & much more, all based on a comprehensive trust system.

Essentially, it’s a platform that utilizes both blockchain technology and a unique trust and performance algorithm in order for users to rely on when it comes to determining the performance and trustworthiness of content creators.

Coreto’s vision is to unite the blockchain communities. By using the cumulative opinion of experienced community members, people will have a better understanding of what and how blockchain projects are aiming to achieve, helping them make better-informed investment decisions.

We all turn to the opinions of other people at one point.

People who we consider “experts” based solely on the number of people who follow them. The problem with this system is that you know nothing about their track record or how accurate their past analyses have been.

That’s why we’ve built a platform containing verified information that users can rely on when it comes to determining the performance and trustworthiness of all influencers and content creators, by using blockchain technology.

One of the platform’s main differentiators is the gamification system, which brings components of video games into a social network. This means recurring tasks, rankings, achievements, leaderboards and much more.

The first feature that has the gamification component is its unique Staking of Opinion Pool (SOOP) mechanism. This is an innovative tool that encourages accountability, pledges and challenges, validates the legitimacy of shared information and records opinions through its native Community Reward Token (COR token), awarded by users who enter their stake into the pool. It’s designed to reward people who make significant contributions to the community, providing them with the opportunity to get closer to the level of “influencer” and generate additional income through subscriptions.

The staking pool and automated payments for subscriptions and rewards for increased participation and efficient utilisation of the COR token ecosystem is facilitated by an integrated decentralised finance (DeFi) solution.

COR is our utility token that powers the entire ecosystem: on-chain transactions, content monetization, staking, rewards, and more.

Coreto recently implemented Coreto Design Language (CDL), a design language system optimised for efficiency, cost, stability and usability of the platform. In the long run, Coreto aims to strengthen its position in the market as the main information platform for the cryptocurrency field. The team intends to develop the platform on several levels, including options through which Trust and Performance algorithms can be implemented on other platforms where there are peer-to-peer interactions. The final step will be the grand opening, which will focus on UX and scalability and will be ready to onboard thousands of people.