About SORA Validator Token
VAL is the validator reward token for the SORA network, used to reward those that stake XOR as part of the Nominated Proof-of-Stake consensus algorithm. VAL is a deflationary token that gets burned with each transaction on the SORA network.
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Trading Insights
Searched
2
Market Stats
Market Cap
Not enough data
0.56%
FDV
$2.14M
Circ. Supply
408K VAL
Max Supply
100M VAL
Total Supply
100M VAL
Diluted Valuation
$2.25M
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
Not enough data
Volume (7D)
Not enough data
Volume (30D)
Not enough data
All time high
$1.53K
Price Change (1Y)
35.76%
Additional details
Market details
VAL vs markets
↘ 17.18%
VAL vs BTC
↘ 19.02%
VAL vs ETH
↘ 14.27%
Tags
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0xe88f8313e61A97cEc1871EE37fBbe2a8bf3ed1E4 | |
Sora | 0x0200040000000000000000000000000000000000000000000000000000000000 |
Price history
Time | Price | Change |
|---|---|---|
Today | $0.0219 | ↗ 1.73% |
1 Day | $0.0216 | ↗ 1.36% |
1 Week | $0.0219 | ↗ 0.13% |
1 Month | $0.0199 | ↗ 10.16% |
1 Year | $0.0161 | ↗ 35.76% |
FAQ
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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Social stats
Popularity in posts
#2188
Contributors
39
Posts
39
% About SORA Validator Token
0.01%
Hold times
0 days
X (Twitter)
58.07% bullish
Sentiment
4.5 ★
Highlights
39 unique individuals are talking about SORA Validator Token and it is ranked #2,188 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, SORA Validator Token has an average sentiment score of 4.5 out of 5. Finally, SORA Validator Token is becoming less newsworthy, with 0 news articles published about SORA Validator Token.
On Twitter, people are mostly bullish about SORA Validator Token. There were 63.99% of tweets with bullish sentiment compared to 10.2% of tweets with a bearish sentiment about SORA Validator Token. 36.01% of tweets were neutral about SORA Validator Token. These sentiments are based on 508 tweets.
On Reddit, SORA Validator Token was mentioned in 17 Reddit posts and there were 48 comments about SORA Validator Token. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Legal
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
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