SORA Synthetic CNY (XSTCNY)

SORA Synthetic CNY (XSTCNY) is a cryptocurrency that belongs to the SORA ecosystem. SORA aims to become the new economic system for the Earth, the metaverse, and beyond. It is an on-chain governance system based on the XOR token, where producers can make funding proposals and token holders decide how to allocate XOR to create the best goods and services. SORA believes in inflation for production purposes, as it leads to economic growth at a predictable rate, advancing human development and technology. SORA envisions a new economic order that treats money as a global commons for advancing humanity.

One of the key features of SORA is its ability to provide tools for decentralized applications that use digital assets, such as atomic token swaps, token bridging to other blockchains, and programmatic rules involving digital assets. The SORA network is built on Parity Substrate and includes bridges to other blockchains like Ethereum. It also plans to utilize a parachain on Kusama and Polkadot, providing connections to a wider network.

SORA aims to foster financial inclusion and better management of day-to-day finances for all. It sets itself apart through its tokenomics, which relies on a Token Bonding Curve to manage the supply of tokens rationally, avoiding the boom-bust problems of traditional economies and deflationary economics. SORA offers various opportunities for community participation, including governance, voting on proposals, swapping tokens, proposing projects, staking, and storing assets in its mobile wallet. With its focus on interoperability and decentralized governance, SORA aims to create a new economic world order that benefits humanity.