What is SORA?
SORA is an innovative, adaptive, non-debt-based monetary framework that facilitates economic stability, particularly for financially vulnerable countries. As a groundbreaking platform, SORA exemplifies the potential of blockchain technology in fostering a more inclusive and stable global financial system. Its integration in projects like the Bokolo Cash CBDC signifies a new era in digital currency, aligning technological advancements to achieve broader economic stability and resilience. Through its unique approach and capabilities, SORA plays a pivotal role in the evolution of global finance, particularly by supporting economies that need innovative and sustainable financial solutions the most.
XOR is the SORA network’s native utility token, that is:
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Used for transaction fees (gas) on the SORA substrate network
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Practically deflationary, as XOR is burnt with every transaction on SORA
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Used to add liquidity to pairs on Polkaswap
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Used to stake to become a validator or tonominate validators on the SORA network
More about SORA tokenomics
How Many SORA XOR Coins Are There in Circulation?
As per the SORA economy tokenomics (or SORAnomics, the supply of XOR depends on the Token Bonding Curve (https://wiki.sora.org/tbc.html) and no XOR is minted directly. All transactions on SORA burn XOR since XOR is the SORA network utility token. More transactions on the network mean that more XOR is burnt. These transaction fees burn not only XOR but also VAL. TBCD bought from the Token Bonding Curve also reduces the supply of XOR.
Where Can I Buy SORA XOR?
SORA XOR is available to trade on a growing number of exchanges. One of the main exchanges is a cross-chain AMM and order-book DEX Polkaswap.
What Makes SORA Unique?
SORA is an on-chain governance system based around the XOR token that allows producers to propose funding. All token holders decide how to allocate XOR so that the best goods and services are created. People who create goods or services should accept XOR for them, thus building the SORA economy.
To facilitate economic growth, money must be deployed in an economy to create new goods and services. Unlike other cryptocurrencies, such as Bitcoin, countries can make proposals to fund productive investments via XOR allocated from a fund or from minting TBCD, which is convertible to XOR on the open market, all via an open governance process. This means that XOR does not act as a foreign currency that is outside the control of democratic governments but rather can be integrated into the domestic economy wherever it is used to fund nominal GDP growth.
Read The Case for XOR (SORA Whitepaper)
Related Pages:
Below are just some of the articles you might be interested in: SORA Wiki
SORA Validator Reward Token: $VAL
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