SORA Synthetic USD (XSTUSD)

SORA Synthetic USD (XSTUSD) is a platform that aims to become the new economic system for the Earth and beyond. It is based on an on-chain governance system that allows producers to make funding proposals, and all token holders can decide to allocate XOR tokens to create the best goods and services. SORA believes in using inflation to produce new goods and services to promote economic growth rather than for consumption or speculation, which can lead to price increases and economic cycles.

SORA is built on Parity Substrate as a standalone blockchain, with plans to utilize a parachain on both Kusama and Polkadot and bridges to other blockchains like Ethereum. The SORA network provides tools for decentralized applications, including atomic token swaps, token bridging, and programmatic rules involving digital assets. Polkaswap, built on the SORA network, is a non-custodial AMM DEX with a focus on interoperability, providing liquidity, and connecting the crypto ecosystem to Polkadot.

XSTUSD is a synthetic asset on the SORA network that serves as an algorithmic stablecoin linked to the value of DAI. It is collateralized on-chain with XST tokens and pegged to a target index. SORA aims to create a supranational economic system based on the Disaggregated Quantity Theory of Money, advancing humanity and promoting financial inclusion for all. With SORA as the foundation, the vision is to move beyond Earth and into the stars.