The SORA Network Kusama Parachain Auction
- SORA will join the Kusama parachain auctions, starting in December and continuing until securing a slot
- For the crowdloan, it is proposed to mint 5000 XOR, use 2000 XOR to buy PSWAP, 2000 XOR to buy VAL, and 500 XOR to buy XSTUSD. Then the PSWAP, VAL, and XSTUSD will be vested to give rewards to contributors to the crowdloan, and the remaining 500 XOR will be distributed unvested to the contributors
- Because Kusama is a canary network, a brand new SORA Kusama Parachain network will be set up to become a parachain of Kusama
- Interoperability between the existing SORA network and the SORA Kusama Parachain network will be enabled via a bridge
- The SORA Kusama Parachain will use XOR as its native token and can be upgraded through on-chain governance, independently of the existing SORA network
Read more here: https://medium.com/sora-xor/the-sora-network-kusama-parachain-auction-5a6fe3a5f35f
SORAMITSU is a global technology company delivering blockchain-based solutions for enterprises, universities, and governments. From the creation of domestic and cross-border payment systems, to the development of our own decentralized autonomous economy, our projects and use case studies represent the next-generation of fintech.
SORA NEO is a new economic system aimed at creating a supranational, decentralized central bank (DCB) with built-in tools for decentralized finance (DeFi). SORA will be a parachain on Polkadot and Kusama network, with the capability to bridge external blockchains (like Ethereum) to Polkadot. One of the DeFi applications that will run on the SORA network is Polkaswap, a non custodial liquidity aggregator cross chain AMM DEX designed uniquely for the Polkadot ecosystem with boundless liquidity through one of a kind Aggregate Liquidity Technology (ALT) with the security and convenience of a DEX.
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