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What is Sora coin (XOR) and how does it work?

by Financial Economy
what-is-sora-coin-xor-and-how-does-it-work

Sora is both a new economic system that decentralizes the concept of the central bank and a project that focuses on DeFi. The Sora project also implements a new way to design a parachain blockchain that connects to the Polkadot relay chain and ecosystem with built-in tools. The Sora (XOR) Token is used on the Sora network to reward transaction fees and validators on the network. Detailed information about what is Sora coin (XOR), how does it work, how much it costs, how to buy, etc. is in the continuation of the content. Information about Ontology Gas coin (ONG) you can browse here.

What is Sora coin (XOR) and how does it work?

Sora is both a new economic system that decentralizes the concept of the central bank and a project that focuses on DeFi. The Sora project also implements a new way to design a parachain blockchain that connects to the Polkadot relay chain and ecosystem with built-in tools. Sora is primarily focused on strengthening projects that benefit society by introducing new goods and services. Sora provides funds for these useful projects and contributes to their development.

Also, with the implementation of the project, users can send and receive Sora (XOR) tokens. However, you can build reputation points and earn XOR tokens by voting on projects curated by Sora. The Sora (XOR) Token is used on the Sora network to reward transaction fees and validators on the network. However, it is used to reward liquidity providers in Polkaswap.

Where to buy Sora coin (XOR)? How much is the XOR coin price?

Sora coin (XOR) is listed on many cryptocurrency exchanges, it can be purchased from these exchanges. But before trading, it is necessary to make sure that the exchange is “reliable and well-known”. As of October 8, 2021, the price of 1 XOR token is around $257.85.

Caution: The information contained in this content is for informational purposes only. It is not investment advice.

For information about crypto currency: https://en.wikipedia.org/wiki/Cryptocurrency

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