XOR is the network utility token used for transaction fees (gas). 50% of the fee is burnt, while the other 50% is used for validators. XOR has elastic supply managed by a token bonding curve.
In the future, holders of a certain amount of XOR could become citizens and members of the SORA Parliament.
XOR is used:
- to add liquidity to pairs on Polkaswap
- to become a validator or to nominate validators on the SORA network through staking
More about SORA tokenomics.
XOR Token Supply
The 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 rather a smooth growth or decline.
When the SORA v2 network launched in April 2021, the XOR supply was 350,000 XOR.
XOR Token Distribution
Fair distribution: when the SORA v2 network launched, 350,000 XOR were put on Uniswap, and then people bought more XOR over time.
XOR Top Holders
When looking at the top holders on Subscan, several of those addresses are technical accounts supporting the whole network.
The table below lists the technical accounts holding XOR and additional addresses corresponding to Polkaswap reward accounts. This list will be receiving ongoing updates to ensure accuracy.
|cnTQ1kbv7PBNNQrEb1tZpmK7m6B1ToDe2qJbdz7aQw8F3W1CK||Smart contract of the Ethereum bridge|
|cnU7pnMDygCSPrAX2CKnorQBfMZ2cujWqFpPKvGJoX7bRT9cx||JP Games loan|
|cnTQ1kbv7PBNNQrEb1tZpmK7fJT4Awahg1d8aoYoGGv2ATz7m||Market Maker Rewards|
|cnTQ1kbv7PBNNQrEb1tZpmK7iW5aLF24hi1k1H4t3L49TzhPe||Pre-Launch PSWAP and VAL Reserve Account|
|cnTQ1kbv7PBNNQrEb1tZpmK7ftiv4yCCpUQy1J2y7Y54Taiaw||PSWAP Distribution for Liquidity Providers|