XST is a platform for synthetic assets on SORA
SORA Synthetics are algorithmic synthetic assets that are fully collateralized on-chain, but are linked to off-chain indices.
The XST token is used to back the SORA Synthetics platform.
XST tokens can be burnt to mint algorithmic stablecoins, community members can propose synthetic tokens via governance


SORA Synthetics

SORA is working to become a decentralized world economic system, under the democratic supervision of the SORA Parliament. One World. One Economy. SORA.

Sora

SORA

SORA is about creating a supranational economic system that can efficiently provide capital to producers, thus pushing humanity forward, as well as a supranational and democratic governance structure to allocate capital in a fair way. It is both a new economic system that decentralizes the concept of a central bank as well as a network that implements a new way to architect a parachain blockchain that connects to the Polkadot relay chain and ecosystem with built-in tools focused on DeFi.

The SORA Network excels at providing tools for decentralized applications that use digital assets, such as atomic token swaps, bridging tokens to other blockchains, and creating programmatic rules involving digital assets.

SORA XOR is the native utility token that is:

Used for transaction fees (gas) on the SORA substrate network

Elastic supply, managed by atoken bonding curve

Enables holders of a certain amount to become a citizen and member of theSORA Parliament

Used to add liquidity to pairs onPolkaswap

Used to stake to become a validator or tonominate validators on the SORA Network

More aboutSORA tokenomics

Golden Token

Beacon

MyToken

MixMarvel

Bitcoin File

MobilinkToken

OpenDAO calls itself “the token of the metaverse” and aims to become a central asset for the metaverse and Web3, in a similar fashion as stablecoins like USDC. OpenDAO launched its SOS token on Christmas Day 2021 via an airdrop to all users that had bought, sold or traded NFTs on marketplace OpenSea. The declared goal was to create a way to pay tribute to the NFT creators, collectors and marketplaces and nurture the NFT ecosystem.

OpenDAO aims to build utility for its token by allowing users to mint NFTs with SOS, trade NFTs for SOS on permissionless marketplaces and implement it in games and projects as a governance token.

OpenDAO

CoinClaim

GET Protocol

Aeron

Cult DAO

Tachyon Protocol

Viberate

Deeper Network is backed by Parity, AU21, Digital Renaissance, Master Ventures, Brilliance Ventures, Loopring, SevenX Ventures, UVA, YOUBI Capital, GOBI Partners, CANDAQ, Blocksync Ventures, Republic, ChinaPolka, Titan Ventures, Consensus Lab, Spark Digital Capital and BMW Capital.

Deeper Network also has partnerships with Polkadot, Best Buy, Amazon, Indiegogo, PAID Ignition, Duckstarter, Poolz and Flybit.

Deeper Network

MIR is the governance token of Mirror Protocol, a synthetic assets protocol built by Terraform Labs (TFL) on the Terra blockchain.

Mirror Protocol is decentralized from day 1, with the on-chain treasury and code changes governed by holders of the MIR token. TFL has no intention of keeping or selling MIR tokens, and there are no admin keys or special access privileges granted. The intent for this is to be a completely decentralized, community-driven project.

Mirrored assets are blockchain tokens that behave like "mirror" versions of real-world assets by reflecting the exchange prices on-chain. They give traders the price exposure to real assets while enabling fractional ownership, open access and censorship resistance as any other cryptocurrency. Unlike traditional tokens which serve to represent a real, underlying asset, mAssets are purely synthetic and only capture the price movement of the corresponding asset.

Mirrored assets provide the following advantages:

Global Accessibility: In most markets outside of Europe & North America, access to foreign equities and forex markets is highly limited. Crypto allows global accessibility without entry barriers.

Fractional Orders: In traditional finance, to execute a fractional order, multiple fractional orders are bundled together to execute a unitary transaction. The process of gathering all the orders into one requires additional waiting time. By utilizing the blockchain, orders volume is simply represented as a number on the blockchain, so there is no need for the intermediary bundling process.

Nearly-Instantaneous Order Execution: Oftentimes due to the lack of liquidity (price-time-priority order book algorithm), orders can take up to a day to fully execute. Given the fact that Mirror relies on liquidity provided by each individual asset pool, orders can be executed as fast as the blocktime of the network (~ 6 seconds).