SORA is an on-chain governance system based around the XOR token that allows producers to make proposals for funding and all token holders make decisions how to allocate XOR so that the best goods and services get created. People who create goods or services should accept XOR for them, thus building the SORA economy.
We believe that inflation is good ONLY IF you mint tokens for producing new goods or services! According to the General Quantity Theory of macroenomics, you can inflate a currency in 3 ways: 1) for consumption, 2) for speculation, or 3) for production. Inflating a currency for 1) and 2) leads to price increases and boom-bust economic cycles.
If you create money for 3) production, then you can have economic growth at a predictable rate, advancing human development and technology. To have a better world, this is what we all need—a new economic order that treats money as a global commons for advancing all of humanity.
With SORA as the basis for our world economy, humanity can move beyond this planet, into the stars. Ad astra!
Creating a Supranational Economic System
SORA is all about enabling economic growth. To do this, XOR are minted and allocated to producers to make new goods and services. When the SORA Parliament allocates capital, it is exercising the most powerful force there is: the creation of new purchasing power.
The SORA network excels at providing tools for decentralized applications that use digital assets, such as atomic token swaps, bridging tokens to other blockchains, and creating programmatic rules involving digital assets
This framework will standardize a direct and secure interaction between Polkadot parachains implemented on top of Substrate and Polkaswap, and the SORA network.
SORA is both a new economic system as well as a network which implements a new way to architect a parachain blockchain that connects to the Polkadot relay chain and ecosystem, with built-in tools focused on DeFi.
We are a community that envisions a new economic world order — one that is truly decentralized and democratic. SORA is building to deliver financial inclusion for all without discrimination, and provide a better method to manage day-to-day finances.
SORA has set out to resolve many of the challenges of current cryptocurrencies through math and innovation.
SORA tokenomics rely on a Token Bonding Curve that helps mitigate boom-bust valuations of most cryptocurrencies, and manages the challenges of not having an elastic supply of capital.
In the SORA Parliament, no single body or committee can both make proposals and decisions, thus clear separation of powers allows for careful review and avoids self-selection.
The SORA network is built with Parity Substrate and includes bridges to other blockchains such as Ethereum, with more to come.
The SORA network has its own set of validators in addition to parachains for Polkadot and Kusama.
The SORA network’s parachain will provide a bridging pallet compatible for any Substrate based network.
The Token Bonding Curve (TBC) manages the supply of tokens in a rational way, without human involvement, to create a system that avoids the boom-bust problems of traditional economies and the deflationary economics of many cryptocurrencies.
Become a SORA citizen and be eligible to be selected for the SORA Parliament (coming soon) to collaborate with decision making on network updates and capital allocation
Vote on proposals to apply changes to the network and for projects to be built
Swap tokens from different networks. Provide liquidity and earn rewards
Propose a project to be built on SORA. You can submit an RFP so that the upcoming SORA Parliament can review the request and allocate XOR for productive uses
Become a nominator by staking tokens and receive rewards. Become a validator to validate blocks in SORA and benefit from securing the network.
Store assets from different networks in one app. You can also send assets and move them between networks.
A few of the tokens in the SORA ecosystem
Utility and governance token used for transaction fees (gas) on the SORA network
Utility and governance token used to reward validators on the SORA network, created by community governance
Utility and governance token used to reward liquidity providers on Polkaswap, created by community governance
TBCD is created to be worth slightly less than $1 when XOR is far lower than the current price point on the token bonding curve, reducing sell pressure to XOR when the price of XOR is low
Platform for synthetic assets on SORA. Synthetic assets that are fully collateralized on-chain, but are linked to off-chain indices allows a multitude of composable DeFi operations that are completely censorship resistant
Algorithmic stablecoin linked to the value of DAI, a synthetic asset backed by a variable amount of XST and pegged to a target index, created by community governance
Utility & governance token used for paying fees in DeFi services platforms on the SORA network
First Ceres airdrop token used as a reward for liquidity providers and in-game currency
Polkaswap is a non custodial AMM DEX designed uniquely for the Polkadot ecosystem and the interoperable future.
Polkaswap aims for liquidity, security, convenience, where an immediate exchange of assets can take place with style and freedom.
Achieved by a Substrate based infrastructure that bypasses expensive mining for consensus
Add tokens from the Polkadot ecosystem as well as from other blockchains to the exchange
The overall Polkadot architecture allows virtually limitless composability between blockchains
Polkaswap uses Substrate, which has superior performance speed compared to Ethereum
SORA network account creation and import
Swap and pool assets, earn rewards, make bank, live a good life
SORA Parliament and staking made simple coming soon
SORA, meaning sky in Japanese, is a bespoke typeface family commissioned and fully open-sourced for the SORA decentralized economy.
Designed by Barnbrook, one of Britain's most well-known and highly regarded independent creative studios, based in London, who have created brand identity and environmental graphics for Art Basel and David Bowie. Barnbrook’s work is quite well known as well in Japan as his studio created the corporate identity for the largest post war development in Tokyo, Roppongi Hills.Get the SORA font family Contribute on GitHub
The SORA network is completely decentralized, and relies on community members to run nodes.
Validator nodes will be responsible for making blocks in the network.
To help ensure the success of Polkaswap, we require community support by running validator nodes on the SORA network.Become a Validator Stake XOR