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DEX Governance Hyperledger Iroha

What is the XOR token used for?

A simple explanation of how Sora Network and the XOR token. SORA network aims to be a decentralized autonomous economy.

What is XOR token?


The XOR token will be the base token for all other tokens in the Sora Decentralized Autonomous Economy.

It will use an Automated market maker with a bonding curve to create an entire economy based on tokens, while simultaneously funding the network DAO.

XOR token is used for


Why would value accrue to the token?


  • It’s used to govern the SORA network.
  • Stake for validation and earn STK.
  • Vote on funding proposals that will better the entire economy.
  • Earn more tokens by voteing and inviting more participants.

What is Sora Network?


SORA network aims to be a DAE (decentralized autonomous economy).

SORA uses Hyperledger Iroha v2. A consensus mechanism and DLT made for interoperability.

Sora v2 tokens


At SORA v2 launch token holders will be airdropped XOR on the SORA mainnet and STK both at 1:1 to the ERC-20

  • XOR tokens for staking
  • STK as rewards for stakers.

Read more here

Hyperledger Iroha


Similarly to Polkadot it is a framework for creating blockchains and connecting blockchains together.

Docs


Iroha

Paper

Explanation videos


Total Supply


The total supply of is 343,668.47 tokens but will be 350 000 on mainnet.

Read more about the token here.

XOR Token price


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