SORA Synthetic JPY (XSTJPY)

SORA Synthetic JPY (XSTJPY) is a token on the SORA network, which aims to create a new economic system for the Earth, the metaverse, and beyond. SORA is built on Parity Substrate as a standalone blockchain and plans to use a para chain on both Kusama and Polkadot, along with connections via bridges. It focuses on enabling economic growth by minting XOR tokens and allocating them to producers to create new goods and services. SORA believes in creating money for production rather than consumption or speculation, following the General Quantity Theory of macroeconomics. With SORA as the basis for the world economy, humanity can advance and explore beyond this planet.

SORA offers an on-chain governance system based around the XOR token. Token holders can decide how to allocate XOR for funding proposals, ensuring that the best goods and services are created. SORA’s approach to creating economic growth involves treating money as a global commons and minting tokens for production rather than consumption or speculation. By following this approach, SORA aims to have predictable economic growth that advances human development and technology. The SORA network provides tools for decentralized applications, including atomic token swaps, bridging tokens to other blockchains, and creating programmatic rules involving digital assets.

Polkaswap is a non-custodial automated market maker decentralized exchange built on the SORA network. It focuses on interoperability, connecting the rest of the crypto ecosystem to Polkadot and providing boundless liquidity. The SORA network is built with Parity Substrate and includes bridges to other blockchains like Ethereum. SORA tokens, including XOR, VAL, PSWAP, TBCD, XST, XSTUSD, CERES, and DEO, play various roles in the SORA ecosystem, ranging from utility and governance to rewarding liquidity providers and in-game currency. SORA’s technology aims to provide lower gas fees, expand the decentralized exchange, and offer limitless composability between blockchains.