What Is BORA (BORA)?
BORA is a blockchain-based platform that supports blockchain applied content applications (Bapps). Different service providers who deal with content, such as communities, gambling, and gaming, can use the BORA platform to deliver their services quickly and easily. According to the whitepaper, BORA is a decentralized blockchain entertainment platform that effectively distributes digital content on an incentive-based mechanism to its users. Thus, BORA is an ecosystem that promotes user activity and content distribution.
Internet-based content businesses like entertainment, gaming, and online social communities have several issues like the ever-present risk of user asset loss, lack of transparency and disclosure, high brokerage costs, and transaction risks. The BORA platform was designed to solve these problems via expandability and high transaction throughput for commercial content application services. The internal blockchain of BORA aims to reduce the burden on content providers to maintain and develop a new cryptocurrency network.
BORA works with developers in various industries that include IT; entertainment fields like games, music, video; and other industries such as the ICT industry that utilizes Big Data of healthcare, education, and location trackers. The platform also supports FinTech and real estate rentals and ownerships.
The main features of the BORA ecosystem include scalability, independence, and high performance. BORA ensures the liberty of individual content services. Not only this, the platform is flexible and business-friendly. Thus, BORA offers one-stop tools for management, business, and operations. The platform also ensures a minimized fee and low transaction fees for both content providers and users.
BORA is the native token of the BORA platform. It is an ERC-20 (Ethereum-based) token. BORA tokens are used for trading within BORA-based digital applications. Apart from that, tokens are used as an incentive for users to adopt the platform and for in-app purchases. Also, BORA tokens can freely be traded through several exchanges.
History of BORA (BORA)
According to its Road Map, BORA obtained a patent in 2018, following which the platform published its whitepaper. Further, in 2019, the platform released a prototype game app and developed the business strategy. BORA launched the BORA Wallet in 2020. The BORA mainnet migration and the token swap were completed in 2021.
