Live BORA price analysis
The current real-time price of BORA is US$0.1581and its trading volume is equal to US$6,910,118 in the last 24 hours. BORA price is fell on
2.26%
on the last day and increased by
7.48%
in the last 7 days. It is important to note that BORA’s current market capitalization is US$157,110,971and the maximum offer is 1,205,750,000 BORON coins. Speaking of negotiable supply, BORA has 993,750,000 coins. BORA’s current market rating is #267.
BORA price today
90.45%
below
always on top and that’s it
2445.71%
higher
always at a low level.
All data and prices are updated in real time. The most active and popular exchanges for buying or selling BORA are Binance, Kucoin & Kraken. Find more cryptocurrency exchange options on our Cryptocurrency exchange tracker. The most secure hardware wallets to store your cryptocurrency: Ledger And Trezor.
What is BORA?
BORA is the native token that powers the Bora blockchain platform. Bora is a decentralized gaming and entertainment ecosystem.. The purpose of the platform is to attract games and applications from GameFi sector, offering lower gas fees.
Bora was originally based on the Ethereum blockchain. However, in 2022 Bora launched its own blockchain called Bora 2.0.. With the launch of this chain, Bora switched from the Proof-of-Authority consensus mechanism to the PBFT consensus mechanism.
Bora follows two-tier blockchain system: BORA token and public blockchain. BORA token is traded on Blockchain Klitn, a public blockchain focused on metaverse and gaming use cases. On the other hand, the Bohr chain is modular blockchain supporting decentralized applications.
The project provides developer toolkits to create decentralized applications for the network ecosystem. The platform also uses Bora Glasses, another online currency used to incentivize contributions to the sustainable development of the Bor ecosystem. Bora points can be exchanged for BORA tokens.
The Bora blockchain boasts high network compatibility which works with different layers to improve security, scalability and reliability. It has three key layers: kernel layer, service layer and application layer. The base layer is the lowest layer of the network. It supports the ecosystem infrastructure and data network. The code for this layer is modeled after Ethereum.
Network service layer supports API and software development kits that integrate with content and applications running on Bora. The layer also supports Bora Explorerwhich allows you to track all movements of BORA tokens. BORA ATOLI Software Development Kit is another service-level product. It offers developers the necessary tools to develop and manage applications for Bora.
The last layer application layer, provides interaction with the end user. It supports all the content of the Bora ecosystem, as well as asset management platform Bora app. The app offers token exchange features and access to in-app free content.
Use cases for BORA
BORA, the native token powering the platform, was originally developed after ERK-20 token standard and runs on the Ethereum blockchain. However, the token has migrated to the Klaytn blockchain as the project targets gaming and metaverse applications. You can view the price of BORA in the chart above.
The BORA cryptocurrency asset is a multi-functional token that is integral to the operations of the Bora network. Tokens are used for trading using digital applications powered by BORA. In addition, BORA supports incentive system in the ecosystem. The token may be exchanged for internal blockchain Bora PointsReward currency for driving ecosystem activities such as content provision, event management, and gaming.
Bora tokens can be easily traded on various exchanges.. However, please note that the price of BORA varies. Therefore, if you are looking to trade the token, be sure to research the BORA price to make an informed trading decision.
Who founded BORA?
Bora was founded Korean team of blockchain and mobile application developers. The platform’s whitepaper was released in 2018 after the team received a patent. In 2019, the platform developed a business strategy and released a prototype gaming application. The team launched BORA wallet in 2020. The BORA mainnet migration and token swap to Klytn were completed in 2021.
The BORA team included expert developers led by the CEO Gehan Song. Song is an experienced game developer who has worked at Samsung Electronics for over 20 years. WOW Ki Yoon also has 20 years of experience in developing online games, tabletop and mobile games. Technical director of the project, Yigu Liis an experienced infrastructure operator who has worked on such popular gaming projects as Crossfire and FIFA Online.
BORA Tokenomics
BORA 2.0 implements an inflation schedule, a permanent fee lock-in model, as well as a different token distribution policy and usage plan.
Tokens are designed with deflationary model with a reduction rate of 25%. The model is designed to achieve a minimum supply level after 12 years to support the BORA ecosystem. This structure helps the BORA price maintain consistently strong performance by balancing supply and demand for the token.
The token distribution occurs as follows:
- Tokens in circulation – 54.61%
- Reserve – 13.44%
- Ecosystem – 12.98%
- Liquidity – 15.04%
- Governing Council – 2.85%
- Community – 1.08%
What is the BORA trading volume in the last 24 hours?
BORA has trading volume US$6,910,118 in the last 24 hours.
What is the highest price for BORA?
BORA has the highest price US$1.66which was achieved at November 25, 2021 (2 years 2 months ago).
What is the lowest price for BORA?
BORA has the lowest price $0.0062which was achieved at January 18, 2020 (4 years 1 month ago).
What are the best exchanges to buy and sell BORA?
Currently the most active and dominant exchanges for buying and selling BORA are Binance, Kraken & Kucoin. The most popular BORA trading pairs BORA/KRW
(on
Upbit
),
KLAY/BORA
(on
KLAYswap
),
BORA/USDT
(on
Gate.io
). Go to Catalog of crypto trades to access customized and exclusive discounts, vouchers and welcome bonuses from the most popular exchanges.
What are the most secure hardware wallets for storing BORA?
According to the process of in-depth analysis and testing, Ledger And Trezor are one of the most secure and popular hardware wallet options for storage BORA. For exclusive discounts and promotions on the best crypto wallets, visit Catalog of crypto trades.
Pages related to BORA
Read the hottest Crypto news.
Watch the animated crypt Video explanation.
Learn Cryptocurrency From scratch.
A cryptocurrency exchange is an online platform where you can buy, sell, or trade cryptocurrencies like Bitcoin, Ethereum, and others.
Safety varies by exchange. Look for platforms with strong security measures, like two-factor authentication and cold storage for funds.
Consider factors like security, fees, available coins, user interface, and customer support.
Centralized exchanges are managed by a company, while decentralized exchanges operate without a central authority.
Many exchanges require Know Your Customer (KYC) verification for security and regulatory compliance.
Trading fees vary but typically include maker fees (for adding liquidity) and taker fees (for removing liquidity).
Yes, most exchanges offer cryptocurrency-to-cryptocurrency trading pairs.
Withdrawal times depend on the exchange and the cryptocurrency. Some are instant, while others may take hours or even days.
A wallet address is like a bank account number for cryptocurrencies. It’s required to send your crypto to the right place.
Yes, depending on your country’s tax laws, trading cryptocurrencies may have tax consequences. Consult a tax professional for guidance.
Yes, many cryptocurrency exchanges operate 24/7, allowing you to trade at any time.
A market order buys or sells at the current market price, while a limit order sets a specific price at which you want to buy or sell.
Yes, each exchange sets its own minimum and maximum trading limits, which can vary widely.
It’s not recommended. For security, it’s better to use a cryptocurrency wallet, especially for significant holdings.
Exchanges typically have account recovery processes, including password reset options and support for forgotten usernames.
Some exchanges offer insurance, but coverage can be limited. It’s essential to check an exchange’s insurance policy.
Use strong passwords, enable two-factor authentication, and be cautious of phishing scams and suspicious emails.
Yes, but it’s recommended to learn the basics of trading and understand the risks involved before you start.
Stablecoins are cryptocurrencies pegged to the value of a fiat currency like the US dollar. They provide stability and are commonly used for trading and transferring funds on exchanges.
Yes, regulations vary by country. Many countries have implemented or are considering regulations to govern cryptocurrency exchanges for consumer protection and financial stability.
