Tokenomics

XOR (天):

• Used for transaction fees (gas) on the SORA Network

• Elastic supply, managed by a token bonding curve​

• Enables holders of a certain amount to become a citizen and member of the SORA Parliament​

• Used to add liquidity to pairs on Polkaswap​

• Used to stake to become a validator or to nominate validators on the SORA Network

• More about SORA tokenomics​

XOR token supply

• supply was capped at 350,000 XOR until SORA v2 network launch. SORA v2 network was launched on April 2021

• XOR supply is elastically managed by a token bonding curve smart contract with buy and sell price functions. This means that as the token supply increases, the price also increases, and vice versa. The price is regulated by the bonding curve, so no extreme fluctuations in the price will be exhibited, but a smooth growth or decline

XOR distribution

• Fair distribution. 350,000 xor were just put on Uniswap and then people bought over time. XOR distribution can be tracked on Etherscan and on Sorascan​

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VAL (≚):

• Used to reward validators on the SORA Network

• ​Decreasing supply over time, with tokens burned at every SORA v2 network transaction

• Elastic rewards to validators and stake nominators are given in VAL, as a percentage of the daily burned VAL

• Holders receive a part of the XOR created by the token bonding curve to provide liquidity on Polkaswap. VAL holders can group together into DAOs to pool their liquidity and vote to provide liquidity to trading pairs on Polkaswap and receive PSWAP tokens as a reward

VAL token supply

• 100 million initial total supply and decreasing with tokens burned​

• VAL is a free-floating token where the price is decided by the market

VAL token will distributed to 3 groups approximately equally, in 3 stages:

• former v1 XOR holders (within Q4 2020)

• ERC-20 XOR holders as an airdrop (vested over time)

• the upcoming SORA Parliament