SORA (XOR) is a decentralized blockchain protocol within the Polkadot ecosystem. More
| Fully Diluted Valuation | $8,245 |
|---|---|
| 24H Trading Volume | $14,998 |
| 24H Low / High | $0.00 / $ 0.00 |
| Circulating Supply | 5,170,762,534,201,900,342,641,164,288 |
| Total Supply | 5,170,762,534,201,900,342,641,164,288 |
| Max Supply | ∞ |
| Categories | Ethereum Ecosystem 1 more |
|---|---|
| Founder | Makoto Takemiya 1 more |
| Website | sora.org |
| Socials | 3 more |
| Chains | Ethereum Ecosystem 1 more |
| Explorer | Sorascan 3 more |
| Contracts |
0x40f....8f677
1 more
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| Name | Pair | OG Score |
|---|
SORA (XOR) is a blockchain protocol launched in 2019, integrated into the Polkadot ecosystem. It is designed to support decentralized applications and services such as cross-chain swaps and token bridging.
Key Features
SORA uses three main tokens:
XOR: The utility token of the SORA network.
VAL: Rewards validators who maintain network security.
PSWAP: Rewards liquidity providers on the Polkaswap platform.
SORA manages the supply and price of XOR tokens using an automated system called a token bonding curve. This system adjusts the price based on supply and demand without human intervention.
SORA App and Governance
The SORA app, available on Android and iOS, allows users to manage their accounts, store tokens, and perform swaps using Polkaswap. Governance is handled by the SORA Parliament, where XOR tokens are used for voting and decision-making. The governance model is based on fairness and equal participation.
Applications
One major application of SORA is Polkaswap, a decentralized exchange that enables trading across various blockchains including Ethereum, Polkadot, and Kusama. It is known for its low fees and fast transactions.
Where to Buy XOR
XOR tokens are available on several exchanges, including MEXC Global, Gate.io, and KuCoin. Prices vary between exchanges and can change based on market conditions.
Conclusion
SORA (XOR) aims to create a decentralized economic system that supports efficient capital allocation and cross-chain communication. It connects with major blockchains and provides tools for developers and users within its ecosystem.
SORA (XOR) is unique for its use of a token bonding curve to automate the pricing of its utility token, XOR, based on supply and demand. This decentralized economic model supports cross-chain applications and integrates seamlessly with the Polkadot ecosystem.
SORA (XOR) was founded by Makoto Takemiya, known for creating the Proof-of-Importance algorithm used in NEM. He started work on SORA in 2017, aiming to build a rational economic model for blockchain.
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