BORA header image

BORA

BORA

Crypto

Decentralised Networks

USD 0.14+4.83%

BORA
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About
Decentralised Networks
Category
n/a
Consensus Mechanism
L2
L1/L2
Other
Sub-cateegory
polygon
Ecosystem
2019
Year of creation
Description

BORA (BORA) is a Decentralised Networks crypto token. BORA was founded on 2019-03-18 on the POLYGON ecosystem. More information can be found at https://borachain.io.



Key Technical Advantages:

Strong Connection with Klaytn: BORA 2.0 is designed to integrate with the public blockchain Klaytn. It aims to develop various eco-products such as Wallet, NFT, DEX, etc., with the help of partners active on Klaytn. It is also planning to foster a fluid mutual exchange of Klaytn and BORA's assets to maximize the value of both. PBFT and Governance Council: BORA 2.0 plans to change its consensus algorithm to PBFT (Practical Byzantine Fault Tolerance), which is the same as Klaytn's consensus algorithm. PBFT offers advantages like speed, fault tolerance, and finality. Alongside this, BORA 2.0 intends to change the node operation method to the Governance Council (GC), similar to Klaytn, for the majority decision-making that is the foundation for PBFT. Dynamic Token Economy: BORA 2.0 is considering the introduction of a dynamic token economy, including the application of Inflation and BORA's automatic permanent lock-up logic, to attract high-quality projects and secure various partners for the BORA environment. BORA 2.0 acknowledges that large-scale investment is essential to grow the ecosystem with good projects. Eco Fund: BORA 2.0 intends to form an Eco Fund with the BORA Funding Network, including various Crypto Funds or Equity Fund Management Companies worldwide. This fund will invest in Crypto Projects or NFT Projects based on contents, games, and entertainment and strengthen working relations so that the key projects can onboard BORA. Community Development: BORA 2.0 plans to foster active communication with various user communities and developer communities for the development of the BORA ecosystem. It plans to create new Telegram and Discord channels, run by a group of designated community managers, and create a forum dedicated to developers for active communication. Content summarized by AI chatbot

Source:

https://metabora-1.gitbook.io/bora2.0/
Key figures
-8.28%1Y
-87.7%3Y
1,602%5Y
Performance
0/ 01D
0/ 01M
0/ 01Y
Highs/ Lows
30.08.2022
USD 1.48
All Time High
9.29%
% of All Time High
-94.79%All Time
-70.50%1 year
Max drawdown
#389
Ranking by Market Cap
150.74 M
Market cap (USD)
0.00%
% of Market
962.767 B
Category Market Cap (USD)
0.02%
% of Category
1205750000
Circulating Supply
1099750000
Liquid Supply
91.21%
Liquid/ Circulating Supply

N/A

Not Available Currently
Max Supply

N/A

Not Available Currently
Circulating/ Max Supply
5946168
Volume Traded
3.47%
Volume Traded/ Market Cap

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