SORA
Crypto Overview
Overview
SORA is a network designed to provide tools for decentralized economic systems and facilitate seamless value transfer between different blockchain networks. The project's native token, XOR, serves multiple purposes within the ecosystem.
Purpose and Utility
The SORA network aims to create a supranational economic system using XOR as its native currency. The token is used for governance, network operations, and as a medium of exchange within the SORA ecosystem. Key utilities include cross-chain transfers, liquidity provision in the SORA decentralized exchange (DEX), and participation in network governance.
Business Model and Operations
The SORA network operates through a Substrate-based blockchain, utilizing a democratic token-bonding curve (TBC) mechanism for price discovery and liquidity provision. The network incorporates various DeFi functionalities while maintaining compliance with regulatory requirements.
Development Activity and Adoption
The project maintains active development, with regular updates to its codebase and infrastructure. The team has established partnerships with several projects in the Polkadot ecosystem. While adoption remains in early stages, the network shows consistent development progress.
Token Distribution
The XOR token distribution includes allocations for development, ecosystem growth, and community initiatives. The project implements a democratic TBC model that allows for transparent price discovery and token distribution.
Crypto Impact
To assign a comfort level investing in SORA from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to SORA.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.