Sora Validator Token (VAL)

The Sora Validator Token (VAL) is a utility and governance token used on the Sora network. Sora is an on-chain governance system based on the XOR token, where producers can make funding proposals, and token holders decide on the allocation of XOR to support the creation of the best goods and services. Sora aims to become the new economic system for Earth, the metaverse, and beyond by treating money as a global commons for advancing humanity.

The Sora network, built on Parity Substrate, provides tools for decentralized applications that use digital assets, including atomic token swaps, bridging tokens to other blockchains, and creating programmatic rules involving digital assets. Sora is also planning to utilize a parachain on both Kusama and Polkadot, connecting to the wider Polkadot ecosystem and enabling interoperability. Additionally, the Sora network’s Polkaswap is a non-custodial AMM DEX focused on providing boundless liquidity and connecting the rest of the crypto ecosystem to Polkadot.

As a validator token on the Sora network, VAL rewards validators who help secure the network. It is created through community governance and serves as an integral part of the decentralized network of the future. With Sora’s innovative approach to economics and its focus on financial inclusion and mathematical solutions, it aims to create a decentralized and democratic economic world order that benefits all. Sora’s architecture and technology, along with its community-driven governance, make it an exciting blockchain ecosystem for the future.