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BORA

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BORA
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1 BORA = 0.08885 USD
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What Is BORA?

BORA is a blockchain focusing primarily on the gaming and entertainment industry. It aims to create a decentralized ecosystem where games and entertainment applications can thrive without the limitations and high fees associated with blockchains like Ethereum. BORA started as a private Layer 2 blockchain on Ethereum known as BORA 1.0 back in 2018, which was capable of handling substantial traffic and simplifying usage. However, to overcome the scalability issues of a private chain, BORA 2.0 was introduced, connected to the public chain Klaytn, offering more products like Wallet, NFT, DEX, and more.

BORA is a hub for entertainment, offering a plethora of games, content, and other forms of entertainment. Users can engage in various activities, from playing IP-based MMORPGs and sports simulations to earning NFTs related to their favorite webtoons, influencers, and celebrities. The ecosystem is ever-evolving, with new creations and features being introduced regularly, allowing users to grow their digital assets in entertainment on BORA.

Resources

Official Documents: https://metabora-1.gitbook.io/bora2.0/

Official Website: https://www.boraportal.com/

How Does BORA Work?

BORA operates on a two-tiered blockchain system, with the BORA token traded on the Klaytn blockchain, focusing on metaverse and gaming use cases, and the Bora chain serving as a modular blockchain used as an execution layer by decentralized applications. This structure allows for high cross-chain interoperability, enhancing security, scalability, and reliability. BORA 2.0, in connection with the public chain Klaytn, has already established the basic format of products such as Wallet, NFT, DEX, and more, allowing the development team to modify them to meet current needs and future compatibility.

The Bora blockchain is divided into three layers: the core layer, the service layer, and the application layer. The core layer is the foundation, supporting the ecosystem’s infrastructure and data network, and modeled after Ethereum, using a proof-of-stake consensus mechanism. The service layer houses the APIs and software development kits integrating with content and applications built for Bora, and the application layer is where end users interact, hosting all the content for the Bora ecosystem and the asset management platform Bora app.

What Is BORA Token?

The BORA token is the native cryptocurrency of the Bora ecosystem, traded on the Klaytn blockchain. It is integral to the ecosystem, serving as a resource for development and incentivizing contributions to Bora. Users can earn BORA tokens through various activities within the ecosystem and can be used in conjunction with Bora Points, another currency within the ecosystem, which can subsequently be converted to the BORA token.

BORA's Impact on Finance

BORA, with its innovative approach to blockchain technology and its focus on the gaming and entertainment industry, is poised to make significant strides in the financial sector, particularly in the realm of cryptocurrency. It offers an attractive solution for game developers and content creators, providing them with the necessary infrastructure to manage and retain users. The BORA token and Bora Points system integrate seamlessly, offering users and developers flexibility and multiple avenues for earning and utilizing their assets within the ecosystem.

BORA is not just a potential game-changer in the blockchain and gaming space but also a promising investment. It has shown substantial performance after its migration to BORA 2.0 and is perceived as a project with great potential in the long term. However, potential investors are advised to consult with financial advisors and have proper exit strategies before investing.

What Determines BORA's Price?

The price of BORA, like other cryptocurrencies, is influenced by a myriad of factors, reflecting the dynamics of the cryptocurrency market. Cryptocurrency price predictions for BORA are shaped by market trends, news, and analysis from cryptocurrency experts and enthusiasts. The cryptocurrency market is known for its volatility, and BORA is no exception, with its price subject to rapid fluctuations based on market sentiment, regulatory news, and developments within the BORA ecosystem and the broader blockchain industry. Cryptocurrency charts and crypto market analysis play crucial roles in predicting the price movements of BORA, helping investors and traders make informed decisions.

When considering where to buy BORA, potential investors can acquire the token on leading exchanges such as Bitget, ensuring secure and efficient transactions. Cryptocurrency news and events significantly impact BORA's price, with announcements related to partnerships, technological advancements, and adoption by new platforms often leading to price surges. The crypto community, including cryptocurrency influencers and enthusiasts, also plays a vital role in determining BORA’s value, as their discussions, opinions, and endorsements can sway market sentiment and influence cryptocurrency trends. As we look towards 2023 and beyond, BORA is perceived by many as a promising crypto investment, but it is essential for prospective buyers to stay informed about cryptocurrency risks, conduct thorough cryptocurrency analysis, and consider cryptocurrency trading strategies to navigate the crypto market effectively.

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coin.24Hcoin.7dayscoin.30dayscoin.90dayscalculator.common.one_yearcoin_market.all_time
-1.53%+0.25%-2.21%-10.41%-32.95%+55.18%

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24h$0.08785$0.09786
7d$0.08657$0.09786
30d$0.08550$0.1148
90d$0.07520$0.1148
1y$0.07520$0.2616
coin_market.all_time$0.006210(2020-01-18, coin_market.years_ago )$1.66(2021-11-25, coin_market.years_ago )

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$97,712,519.58
-1.53%
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$107,130,593.75
-1.53%
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$12,655,656.61
+1278.68%
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+91.00%
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0.1295
coin_market.circula_supply
1,099,750,000 BORA
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1.21B BORA
-- BORA
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3
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0(#1025)
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33
-11%
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30(#669)
+30%
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0%
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0
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100%
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0%
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0
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0
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0
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What is use case of Bora?

BORA is a decentralized entertainment platform with the following key use cases: - Content Sharing and Incentives: Users can share digital content and earn BORA tokens as rewards. - Layer-2 Platform: BORA operates on the Klaytn blockchain using KCT standard. - Blockchain Tech for Developers: Supports token links and smart contracts for content creation. - Content Delivery: BORA Ecosystem delivers blockchain-based content to users. - Industry Partnerships: Collaborates with IT entertainment and education sectors. - Dual Blockchain System: Combines BORA Chain and Klaytn for scalability.

How to stake BORA?

To stake CKB (Common Knowledge Base) on the Nervos DAO and participate in decentralized governance while earning rewards, follow these steps: - Visit the Nervos ecosystem's official Portal Wallet and connect your MetaMask wallet. Make sure your wallet has enough CKB tokens by purchasing them on supported platforms like Bitget and transferring them to your wallet. - Navigate to the DAO option within the Assets tab on the wallet's homepage. - On the next page, enter the amount of CKB tokens you want to lock for yield, after reviewing the current Annual Yield Rate. - Confirm the transaction using your connected wallet. - Now, you can relax and watch as you earn rewards and grow your holdings by staking CKB on the Nervos DAO. This process allows CKB holders to actively participate in the Nervos ecosystem's governance while earning additional tokens as rewards for their contribution.

Who are the founders of BORA?

Bora, founded by a Korean team of experts in blockchain and mobile development, boasts a leadership team with extensive experience in the gaming industry: - CEO Gyehan Song, a seasoned game developer with over two decades of experience, including a stint at Samsung Electronics. - CSO Key Yune, also with 20 years of experience in developing online desktop and mobile games and a track record of creating popular titles in Korea. - CTO Igoo Lee, known for his infrastructure operations management skills in games like Crossfire and FIFA Online. - Kyoungwook Cheon, the project's VP of Engineering and founder of the Free Chal game portal in 2000, brings valuable technical expertise to the team. Furthermore, Bora has established partnerships with over 30 companies in the blockchain and gaming sectors, including ENP Games, UNIT5, Supertree, Neon Games, Emong, RS Edu (an educational consultant), Hurray Positive (a digital healthcare service provider), and Infoseed (a grid address platform). These partnerships highlight Bora's commitment to collaboration and innovation within the blockchain and gaming industries.

What makes BORA unique?

ora is a blockchain platform designed with a focus on cross-chain interoperability, making it appealing to game developers. It offers user-friendly APIs and web interfaces, full interoperability within its ecosystem, and infrastructure for user management and retention through features like the Bora point system integrated with the BORA token. The platform consists of three layers: - Core Layer: This foundational layer supports the ecosystem's infrastructure and data network, using a proof-of-stake consensus mechanism similar to Ethereum. It also handles settlements for Bora points. - Service Layer: Hosting APIs, software development kits, and the Bora chain explorer, this layer allows tracking of BORA token movements. The BORA ATOLL software development kit assists developers in creating applications for Bora. - Application Layer: At the top layer, end-users interact with the platform. It houses all content for the Bora ecosystem, including the Bora app, an asset management platform offering token exchange functions and access to free content applications. Bora's dual-layer blockchain structure is advantageous for game developers who prefer to build on a blockchain with high interoperability. Additionally, its modular design allows developers to test and develop projects on Bora's blockchain before considering other chains. Bora boasts a high transaction throughput of 2,200 TPS, surpassing many other blockchain platforms.

How are the BORA tokens distributed?

The distribution of BORA (BORA) tokens is as follows: - Circulation: 54.61% of the total supply is allocated for circulation. - Next Pool: 15.04% of the total supply is reserved for supporting the liquidity of BORA DEX and GameFi services and maintaining the reward pool stability for staking programs. - Reserve: 13.44% of the total supply, which includes 212,000,000 tokens, is held in reserve. - Ecosystem: 12.98% of the total supply is dedicated to fostering project development, establishing partnerships with DAO gaming guilds, and launching the BORA Improvement Proposals (BIP) initiative. - Governing Council: 2.85% of the total supply is controlled by the Governing Council, which is utilized for dispensing rewards for node operation and management services. - Community Reserves: 1.08% of the total supply is allocated to support marketing initiatives that fortify the standing of active communities within the platform. This distribution concept aims to allocate tokens for various purposes, including circulation, liquidity support, project development, governance, and community initiatives, to ensure the stability and growth of the BORA ecosystem.

What changed in BORA 2.0?

After upgrading to Bora 2.0, the blockchain shifted from a proof-of-authority to a PBFT consensus mechanism, addressing issues seen in other consensus mechanisms like proof-of-stake and proof-of-work. Bora's design allows for limitless expansion, enabling the creation of additional blockchains atop the core layer blockchain, which acts as the transaction settlement layer. This means that each independent side chain on Bora can potentially handle up to 2,200 transactions per second, opening up opportunities for various industries beyond gaming to leverage the platform.

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BORA/USDT

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BountyHunter-Q
BountyHunter-Q
insight1273/1300
12712.40%
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price_sidebar.total_pnl $263,875.45
PHOENXCORP
PHOENXCORP
insight113/750
215.12%
price_sidebar.roi
price_sidebar.total_pnl $938,815.34

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