SORA is about creating a supranational economic system that can efficiently provide capital to producers, thus pushing humanity forward, as well as a supranational and democratic governance structure to allocate capital in a fair way. It is both a new economic system that decentralizes the concept of a central bank as well as a network that 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.
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.
SORA XOR is the native utility token that is:
* Used for transaction fees (gas) on the SORA substrate network
* Elastic supply, managed by a token bonding curve
* Enables holders of a certain amount to become a citizen and member of the SORA Parliament
* Used to add liquidity to pairs on Polkaswap
* Used to stake to become a validator or to nominate validators on the SORA Network
More about SORA tokenomics