Sora Token   token: ico review, security check & audits

check date
Sun Jun 13 2021
Source code
-
Address
0x40fd72257597aa14c7231a7b1aaa29fce868f677
Market Cap(24h)
$3,547,295,031
3.74 %
Status
COMPLETED
ICO Rating
10
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Overview

SORA token (XOR) is an asset issued by the decentralized platform with the same name. SORA v1 network started its work on October 17, 2019. The token supports the ecosystem based on the concept of the new economic orderSORAnomics. It presupposes a rational economic order founded on various economic theories with a decentralized model of a central bank lying in its basis. The long-term goal of the project is to create a supranational world economic system.

The team of the platform has developed a permissionless network with lots of dApps and numerous projects. Also, it works over the architecture with a parachain blockchain connecting the Polkadot relay chain with its ecosystem that offers built-in tools focused on dApps using digital assets.

The SORA ecosystem employs a specific type of smart contract known as a token bonding curve that takes some token as input and then outputs a new one. The mechanism of the token bonding curve is going to be embedded into Polkaswap, a non-custodial AMM DEX focused on interoperability.

The trading of the XOR token started in March 2020 on Uniswap. To supply the SORA mainnet, some amount of XOR is burnt with each transaction. The amount of XOR burnt is a small fee determined by the community. XOR holders obtain governance capabilities, and can even enter the SORA Parliament.

The platform relies on the members of the community who run nodes and create blocks to support the network. They are rewarded with VAL tokens for it, while the liquidity providers are rewarded with PSWAP given to all members of the ecosystem who contribute to any XOR-paired pool.

Sora Token token price chart

Security checks of XOR token