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About Bora
Key Points
- Bora is a decentralized ecosystem for games and entertainment.
- It aims to attract games and applications from the GameFi sector to its Bora Chain.
- Bora follows a two-tiered blockchain system.
- The Bora team provides development toolkits for creating decentralized applications.
- Bora Points can be converted to the BORA token.
Founders
- CEO Gyehan Song: 20 years of experience in game development.
- CSO Key Yune: 20 years of experience in developing online desktop and mobile games.
- CTO Igoo Lee:
About BORA: Empowering the Future of Digital Entertainment
Introducing Bora (BORA): A Comprehensive Overview
Bora is a decentralized ecosystem tailored to the realm of games and entertainment. By providing an alternative to blockchains like Ethereum, which are plagued by exorbitant gas fees, Bora seeks to attract a diverse array of games and applications from the GameFi sector to its Bora Chain. To achieve this, Bora employs a two-tiered blockchain system: the BORA token is traded on the Klaytn blockchain, a public blockchain specifically designed to cater to metaverse and gaming use cases. Meanwhile, the Bora chain operates as a modular blockchain, serving as an execution layer for decentralized applications.
The Bora team offers a suite of development toolkits, empowering developers to craft decentralized applications within its ecosystem. Additionally, it leverages Bora Points, a proprietary currency, as a valuable resource for development and a means to incentivize contributions to the Bora ecosystem. Notably, these points can be seamlessly converted into the BORA token.
The Visionaries Behind Bora: Meet the Founders
Bora was founded by a team of seasoned Korean experts in blockchain and mobile development. At the helm is CEO Gyehan Song, a veteran game developer with an impressive 20-year track record, including a stint at Samsung Electronics. The company’s CSO, Key Yune, brings an equally impressive 20 years of experience in developing online desktop and mobile games, having created several highly acclaimed titles that have captivated the Korean market.
Notably, CTO Igoo Lee brings his expertise as an infrastructure operations manager, having successfully built the infrastructure for prominent games such as Crossfire and FIFA Online. Furthermore, Kyoungwook Cheon, a seasoned computer engineer and founder of the Free Chal game portal established in 2000, serves as the project’s VP of Engineering.
The team has forged strategic partnerships with over 30 esteemed organizations in the blockchain and gaming realms, including notable entities such as ENP Games, UNIT5, Supertree, Neon Games, and Emong, as well as esteemed partners like RS Edu, a prominent educational consultant, Hurray Positive, a digital healthcare service provider, and Infoseed, a pioneering grid address platform.
Unveiling the Unparalleled Attributes of Bora
Bora is a blockchain distinguished by its exceptional cross-chain interoperability, which operates across multiple layers to bolster its security, scalability, and reliability.
For game developers, Bora presents a compelling proposition, thanks to its intuitive API and user-friendly web interface, which facilitate seamless navigation and full interoperability within its ecosystem. Furthermore, Bora offers developers and content creators a comprehensive infrastructure to manage and retain users, including the innovative Bora point system, which is seamlessly integrated with its native BORA token.
The Bora blockchain is comprised of three distinct layers: the application layer, the service layer, and the core layer, each playing a vital role in the ecosystem.
The core layer, situated at the foundation of the blockchain, provides the underlying infrastructure and data network that sustains the ecosystem. Additionally, it facilitates the settlement of Bora points. Notably, its code is modeled after Ethereum, and both employ a proof-of-stake consensus mechanism, ensuring a secure and efficient transaction validation process.
The service layer serves as a nexus for APIs and software development kits, seamlessly integrating with content and applications purpose-built for Bora. Notably, the Bora chain explorer is situated within this layer, providing a transparent and comprehensive tracking system for all BORA token transactions. Furthermore, Bora’s BORA ATOLL software development kit empowers developers with a versatile tool to design and manage applications tailored to Bora’s ecosystem.
The apex layer is the application layer, where end users engage directly. This tier serves as the gateway to the Bora ecosystem, housing a vast array of content, as well as the intuitive asset management platform, Bora app. The app seamlessly integrates token exchange capabilities alongside effortless access to a diverse range of free content applications.
This innovative dual-layer blockchain architecture presents a compelling solution for game developers who prefer not to build on existing blockchain platforms. Furthermore, Bora’s modular design enables developers to seamlessly test and develop projects on its blockchain before deploying them on other chains. Notably, Bora’s transaction throughput, which reaches an impressive 2,200 TPS, significantly surpasses that of even low-gas fee chains like BNB Chain.
What Is the Circulating Supply of Bora (BORA) Coins?
BORA is the native cryptocurrency of the blockchain, boasting a total supply of 1.325 billion tokens. The distribution of BORA is allocated as follows:
- Token allocation for public sale: 40%
- Reserved for future development and strategic partnerships: 20%
- Dedicated to fostering a thriving ecosystem: 25%
- Allocated to the team and advisors: 15%
BORA can be seamlessly exchanged for the blockchain’s internal Bora points, a reward currency utilized to incentivize content providers, facilitate event management, and motivate gamers. These Bora Points can be effortlessly converted into the BORA token, which can subsequently be traded on diverse cryptocurrency exchanges.
Notably, BORA underwent a significant transformation, transitioning from an ERC-20 token to the Klaytn blockchain, largely driven by the latter’s emphasis on gaming and metaverse applications.
The Bora Network’s Robust Security Mechanisms
Following its upgrade to Bora 2.0, Bora transitioned from a proof-of-authority to a PBFT consensus mechanism, effectively addressing the limitations inherent in other consensus mechanisms, such as proof-of-stake and proof-of-work. Theoretically, Bora’s scalability is limitless. If required, additional blockchains can be constructed on top of the existing core layer blockchain, which serves as the settlement layer for transactions on Bora. Consequently, each independent side chain on Bora offers a potential throughput of 2,200 transactions per second, unlocking further use cases in industries beyond gaming.
Acquiring Bora (BORA): A Comprehensive Guide to Exchanges and Marketplaces
BORA is listed on prominent cryptocurrency exchanges, including Upbit, Bithumb, and Coinone, ensuring seamless accessibility for traders and investors alike.
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