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.

We update our SORA Validator Token to USD currency in real-time. Get the live price of SORA Validator Token on Coinbase.

The current market cap of SORA Validator Token is $1.667K. A high market cap implies that the asset is highly valued by the market.

The all-time high of SORA Validator Token is $1,526.74. This all-time high is highest price paid for SORA Validator Token since it was launched.

Over the last 24 hours, the trading volume of SORA Validator Token is $732.40.

Assets that have a similar market cap to SORA Validator Token include abrdn Physical Palladium Shares Tokenized ETF (Ondo), Snowball, ProShares UltraPro Short QQQ Tokenized Stock (Ondo), and many others. To see a full list, see our comparable market cap assets.

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