BORA price

BORA

#373

Bora was launched by a Korean team of blockchain and mobile development experts. CEO Gyehan Song is an experienced game developer with over 20 years in the field and experience at Samsung Electronics under his belt. The company’s CSO Key Yune also has 20 years of experience with developing online desktop and mobile games, during which he had created several titles, highly popular in Korea.

CTO Igoo Lee is an infrastructure operations manager with experience in building the infrastructure of games like Crossfire and FIFA Online. Finally, Kyoungwook Cheon serves as the project’s VP of Engineering and is a former computer engineer and founder of the Free Chal game portal in 2000.

The team has also built partnerships with more than 30 companies in the blockchain and gaming space, among them companies like ENP Games, UNIT5, Supertree, Neon Games, and Emong, educational consultant RS Edu, digital healthcare service provider Hurray Positive and grid address platform Infoseed.

Bora is a blockchain with high cross-chain interoperability that works with different layers to increase its security, scalability, and reliability.

For game developers, Bora is interesting because of its easy-to-navigate API and web interface and full interoperability within its ecosystem. Bora also provides developers and content creators with infrastructure to manage and retain users, such as the Bora point system that integrates with its BORA token.

The three layers of the Bora blockchain are the application layer, the service layer, and the core layer.

The core layer is the blockchain’s bottom layer that supports the ecosystem’s infrastructure and data network. The core layer also supports the settlement of the Bora points. Its code is modeled after Ethereum, and both uses a proof-of-stake consensus mechanism.

The service layer houses the APIs and software development kits that integrate with content and applications built for Bora. The Bora chain explorer is located on the service layer and allows tracking of all BORA token movements. Bora’s BORA ATOLL software development kit offers developers a tool to manage and design applications for Bora.

The final layer is the application layer, with which end users interact. It hosts all the content for the Bora ecosystem, as well as the asset management platform Bora app. The app provides token exchange functions alongside access to free content applications.

This dual-layer blockchain structure offers an attractive solution to game developers that do not want to build on other blockchains. Bora’s modular structure also means that developers can easily test and develop projects on its blockchain before taking them to other chains. For instance, Bora’s transaction throughput at 2,200 TPS is significantly faster than that of even low-gas fee chains like BNB Chain.

BORA is the blockchain’s native token with a total supply of 1.325 billion. The distribution of BORA is as follows:

• Token sale: 40%
• Reserve: 20%
• Ecosystem: 25%
• Team & Advisors: 15%

BORA can be exchanged for the blockchain’s internal Bora points, which are used as a reward currency for content providers, event management, and to incentivize games. Bora Points can be exchanged without friction to the BORA token, which can then be traded on various exchanges.

BORA used to be an ERC-20 token but migrated to the Klaytn blockchain because of the latter’s focus on gaming and metaverse applications.

Check out Stellar (XLM) — a cryptocurrency for payments.

Check out Axie Infinity (AXS) — a popular blockchain game.

Read about the best enterprise-grade DApps.

Get the latest crypto news and latest trading insights with the CoinMarketCap blog.