Description
SORA is a decentralized economic system aiming to create a new financial order. Built on the Substrate framework within the Polkadot ecosystem, its core is a token bonding curve (TBC) that acts as a decentralized central bank, algorithmically managing the elastic supply of the native XOR token to foster economic stability. Governance is handled by the SORA Parliament, an on-chain system that allocates new XOR to fund projects and public goods. The SORA ecosystem includes a variety of products and services, most notably Polkaswap, a non-custodial, cross-chain AMM DEX. Other key components include the SORA Card neo-banking solution, SORA Synthetics (XST), and interoperability with other blockchains via the HASHI bridge. The network is secured by a Nominated Proof-of-Stake consensus mechanism, with validators rewarded in VAL tokens. The SORA Builders Programme and a community-driven RFP process encourage development on the platform.