BORA (BORA) serves as the native token within the BORA ecosystem. It holds the 152nd position in the cryptocurrency market capitalization rankings and functions as a medium for exchange, sale, and investment into the platform's projects, among other use сases.
Project mission
BORA is a decentralized platform, established in 2018, aiming to deliver games and various forms of entertainment content using the modular Bora blockchain. The platform empowers users to store, safeguard, and grow their entertainment-related crypto assets, offering developers the necessary tools to craft thematic dApps.
BORA - A hub for entertainment dApps Source: https://twitter.com/bora_ecosystem
Meet the masterminds behind BORA: Gyehan Song, Key Yune, Igoo Lee, and Kyoungwook Cheon - the Korean genius squad renowned for their expertise in blockchain and mobile app development. Leveraging their extensive experience working with tech and gaming behemoths like Samsung Electronics and FIFA Online, they succeeded in creating a thriving ecosystem and fostering partnerships with Kakao Entertainment, Sandbox, XLGAMES, and other renowned brands within the gaming and blockchain sectors.
BORA is a modular blockchain that assures complete decentralization for developers of entertainment-oriented dApps. It provides commercial app creators with reliability, security, and scalability, while users of the platform gain access to a wide range of engaging projects and reward schemes via a single account.
BORA (BORA) token: must-know facts in a nutshell
Purpose
BORA (BORA) is the native token of the BORA ecosystem. Initially built on Ethereum, it subsequently migrated to Klaytn, given its focus on the gaming industry and metaverses. The BORA (BORA) token can be traded on exchanges or converted into the internal currency Bora Points, aimed at rewarding users, managing events, and more.
Economic features of the BORA platform Source: https://metabora-1.gitbook.io
Emission and allocation
The maximum supply of BORA (BORA) tokens is capped at 1,205,750,000. In line with BORA's revamped distribution concept, all tokens minted are distributed across various pools as follows:
Circulation accounts for 54.61% of the total.;
Next pool, responsible for supporting the liquidity of BORA DEX and GameFi services and maintaining the reward pool stability for staking programs, comprises 15.04%.
Reserve holds 13.44% of the total, which includes 212,000,000 tokens.
Ecosystem, dedicated to fostering project development, establishing partnerships with DAO gaming guilds, and launching the BORA Improvement Proposals (BIP) initiative, holds 12.98%.
The Governing Council controls 2.85% of the total, which is utilized for dispensing rewards for node operation and management services.
Community reserves, created to support marketing initiatives that fortify the standing of active communities within the platform, possess 1.08% of the total.
Current market status
As per data from gagarin.news at the time of this writing, BORA (BORA) ranks 152nd in the cryptocurrency ratings. The token is priced at $0.1242, with a market capitalization amounting to $149,757,964, a circulating supply of 993,750,000, and a daily trading volume of $118,462.
