What is Sora coin?
SORA is about creating a supranational economic system that can efficiently provide capital to producers, thus pushing humanity forward, as well as a supranational and democratic governance structure to allocate capital in a fair way. It is both a new economic system that decentralizes the concept of a central bank as well as a network that implements a new way to architect a parachain blockchain that connects to the Polkadot relay chain and ecosystem with built-in tools focused on DeFi.
The SORA Network excels at providing tools for decentralized applications that use digital assets, such as atomic token swaps, bridging tokens to other blockchains, and creating programmatic rules involving digital assets.
SORA 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 token bonding curve (TBC) manages the supply of tokens in a rational way, without involvement of humans, and it creates a system that avoids the boom-bust problems of traditional economies and the deflationary economics of many cryptocurrencies.
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