What is Koraxon?
Koraxon is a custodial Web3 SuperApp and a DAO, designed to simplify Web3 for everyone. It's a single platform where you can invest in promising early-stage blockchain startups, manage your assets with smart tools, and use your crypto for real-world purchases through products like crypto payment cards.
Is Koraxon decentralized?
Koraxon uses a hybrid model. It is governed by its community of KRXN token holders through decentralized voting. However, to provide a user-friendly and compliant experience, it uses custodial asset management and centralized infrastructure for some services, like fiat payments and its crypto card.
What makes Koraxon different from other platforms?
Koraxon is unique because it combines several powerful features in one place:
- Startup Crowdfunding via DAO: You can vote on and invest in vetted blockchain startups.
- CTF Baskets: Curated, tokenized investment portfolios that automatically adjust based on your risk tolerance.
- All-in-One Financial SuperApp: Integrates staking, lending, trading, and real-world payments in a single, seamless interface.
- Focus on Utility: It connects your digital assets to the real world through innovative products like a crypto-backed payment card and gift vouchers.
What is the KRXN token used for?
The KRXN token is the heart of the Koraxon ecosystem. Its main uses include:
- Governance: Giving you the power to vote on key decisions, such as project listings and platform upgrades.
- Access: Granting you exclusive access to premium features and startup launches.
- Rewards: Allowing you to stake your tokens to earn passive income.
- Discounts: Providing fee discounts on platform transactions.
How can I participate in startup investments?
You can participate in early-stage investments through Koraxon's crowdfunding module. By holding KRXN tokens, you can vote on project proposals and, once approved, invest directly in tokenized equity from promising new startups.
Is my crypto safe on Koraxon?
Yes. Koraxon is a custodial platform, meaning your assets are held in secure smart contracts and wallets managed by our team. We follow industry best practices for security and transparency, and all transactions are recorded on-chain, so they can be publicly reviewed.
Is there a mobile app for Koraxon?
Yes. The mobile and web apps are planned for Phase 2 (Q3 2025), allowing you to access the full platform and all its features directly from your phone or computer, outside of Telegram.
How does the Koraxon Card work?
The Koraxon Card is a crypto payment card that lets you spend any supported asset, like KRXN, USDT, or ETH, anywhere in the world, both online and in-store. It's scheduled to launch in Phase 4 (Q1–Q2 2026) and will be directly integrated with your in-app wallet for ultimate convenience.
How does staking work?
You can earn passive income by staking your KRXN tokens. Staking rewards range from 5% to 12% annual percentage yield (APY), depending on the lock-up period and your membership tier. The more you stake and the longer you commit, the higher your rewards and governance privileges become.
Can I get a physical Koraxon Card?
Yes. The Koraxon Card is a physical and virtual crypto payment card that will be launched in Phase 4 (Q1–Q2 2026). It's designed to be used just like a regular debit card, allowing you to spend any of your supported digital assets anywhere that accepts card payments.