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18 April 2021

How will SORA’s Price Perform After the Launch of Polkaswap?

How will SORA’s Price Perform After the Launch of Polkaswap?


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In order for that to be possible, Sora will require mainstream adoption for its XOR coin as a means of payment.

Instead of being a stablecoin that is pegged to a fiat currency’s value, Sora’s price is determined by an elastic supply controlled by a smart contract.

This means that when the price of the XOR token goes up and reaches some critical level, buyers can purchase newly issued tokens directly from the “Buy” smart contract rather than through the secondary market from the circulating supply held by existing holders.

Furthermore, the XOR bonding curve is different from ones used by other DeFi projects, since instead of over-collateralization, such as 150%, the XOR bonding curve is at close to 100%; it is fully collateralized by the assets used to buy XOR from the smart contract.

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