Price
$0.0367
11/28/2022, 5:51:44 PM
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SORA Validator Token can be traded using Coinbase Wallet, your key to the world of crypto.

Market

Market stats

Market cap

$14,966.45

Volume (24h)

$6,739.02

Circulating supply

408.0K VAL

All time high

$17.22

Price change (1h)

+1.86%

Price change (24h)

-6.27%

Price change (7d)

-18.04%

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SORA Validator Token is on the decline this week.

The price of SORA Validator Token has fallen by 18.04% in the past 7 days. The price declined by 6.27% in the last 24 hours. In just the past hour, the price grew by 1.86%. The current price is $0.036682 per VAL. SORA Validator Token is 99.79% below the all time high of $17.22.

The current circulating supply is 408,003.303 VAL.

About

What Is SORA Validator (VAL)?

SORA (VAL) is a decentralized platform built on Parity Substrate technology. The platform connects to the Polkadot Para chains with built-in mechanisms focused on DeFi. The SORA Network claims to stand out in providing mechanisms for decentralized applications that utilize digital assets, such as bridging tokens to other chains, atomic token swaps, and making programmatic rules concerning digital assets. SORA claims to provide financial inclusion for all without bias and deliver a better method for managing day-to-day finances. The SORA platform’s token had an initial supply of 100 million coins and the same gets reduced with tokens burning. Burning is when a fraction of tokens is sent to a wallet with no private key. This means the tokens are lost forever. Tokens are usually burned to reduce availability and increase market value.

SORA claims to be a super national economic system that decentralizes the idea of a network. Except for Polkaswap, one of the leading applications operating on the SORA network is the SORA decentralized economic design itself. SORA focuses on resolving many of the issues of current cryptocurrencies via innovation and math. The token bonding curve (TBC) rationally manages the supply of tokens without human involvement in developing a plan that sidesteps the boom-bust issues of deflationary and traditional economies of many cryptocurrencies. The token bonding curve is an infinitely liquid and decentralized central bank. Holders can trade freshly minted tokens from the TBC using some distinct reserve assets or trade the tokens for one of those assets, burned instantly.

VAL token is native to the platform. Traders can become nominators by staking the tokens and aiming to receive rewards for that. A validator can validate blocks in SORA and seek to earn rewards. The SORA platform has introduced a wallet where transactions can be performed with VAL tokens. Assets aim to be stored from various networks in a single app and easily moved between the networks.

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FAQ

What is the current price of SORA Validator Token?

The price of 1 SORA Validator Token currently costs $0.0367.

What is the market cap of SORA Validator Token?

The current market cap of SORA Validator Token is $14.97K. A high market cap implies that the asset is highly valued by the market.

What is the all time high of SORA Validator Token?

The all-time high of SORA Validator Token is $17.22. This all-time high is highest price paid for SORA Validator Token since it was launched.

What is the 24 hour trading volume of SORA Validator Token?

Over the last 24 hours, the trading volume of SORA Validator Token is $6.74K.

What other assets are similar to SORA Validator Token?

Assets that have a similar market cap to SORA Validator Token include Akroma, Knit Finance, DMScript, and many others. To see a full list, see our comparable market cap assets.

How many SORA Validator Token are there?

The current circulating supply of SORA Validator Token is 408 thousand.