The current price of BORA is $0.080586. Over the last 24 hours, BORA has increased by +6.15%. It currently has a circulating supply of 1,152,750,000 BORA and a maximum supply of 1,205,750,000 BORA, giving it a fully diluted market cap of $92.93M. At present, the BORA coin holds the 0 position in market cap rankings. The BORA/USD price is updated in real-time.
The rating provided is an aggregated rating collected by OKX from the sources provided and is for informational purpose only. OKX does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX does not guarantee any return, repayment of principal or interest. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates ("OKX") are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets.
The gaming industry has been at the forefront of embracing blockchain technology, constantly seeking new avenues for expansion and innovation to enhance gaming experiences. As blockchain technology emerged and explored new possibilities, the gaming sector eagerly embraced its potential.
The integration of blockchain with gaming led to the emergence of innovative concepts such as the metaverse, non-fungible tokens (NFTs), and GameFi. These developments have opened up new opportunities for gaming enthusiasts and developers alike. Projects like BORA (BORA) have specifically focused on leveraging blockchain technology to cater to the gaming and entertainment sectors.
What is BORA?
BORA is a decentralized ecosystem dedicated to the entertainment and gaming industries. Its primary objective is to attract game developers and various applications within the GameFi sector to its network.
Additionally, BORA offers developers and content creators the necessary infrastructure to manage and retain users effectively. This infrastructure includes integrating the Bora point system, which seamlessly interacts with the BORA token, providing an enhanced user experience.
The aim is to provide a more cost-effective alternative for these projects, as high transaction fees on traditional blockchains can hinder their growth and sustainability. To address this challenge, BORA has implemented a two-tiered blockchain system.
The BORA project team
The BORA project was founded by a Korean team led by CEO Gyehan Song, who brings over 20 years of gaming development experience. Assisting Song is Key Yune, who serves as the CSO and possesses two decades of experience in online, desktop, and mobile game development.
Additionally, the team includes Igoo Lee, who holds the role of CTO and brings expertise as an infrastructure operations manager. Lastly, Kyoungwook Cheon, the VP of Engineering, is a former computer engineer and the Free Chal game portal founder.
How does BORA work?
BORA operates on a two-tiered blockchain system, with its native cryptocurrency, BORA, being traded on the Klaytn blockchain. Klaytn is a public chain specifically designed for gaming and the metaverse.
The Bora Chain is a modular blockchain that functions as an execution layer for decentralized applications (DApps). The project's team has developed development toolkits that enable developers to build DApps within the BORA ecosystem easily.
BORA: BORA’s native token
BORA's native cryptocurrency is known as the BORA token. Initially built as an ERC-20 token on the Ethereum blockchain, BORA later migrated to the Klaytn blockchain. The decision to move to Klaytn was driven by its focus on gaming and the metaverse, as well as its scalability and speed advantages.
While Ethereum also caters to DApps and was the birthplace of the first crypto game, the completion of Ethereum 2.0 was still in progress, prompting BORA to seek a more efficient network.
The BORA token was launched in March 2019, with a total supply of 1.2 billion tokens. As of June 2023, approximately 993.7 million BORA tokens are in circulation.
BORA token use cases
BORA token has several use cases, primarily for purchasing digital goods within the platform. Additionally, the token is utilized for offering rewards to users. They can participate in various in-house contests, giveaways, and similar activities facilitated by the platform.
Distribution of BORA
The distribution of BORA tokens is as follows:
Forty percent of the tokens were released during a token sale to the public.
Twenty-five percent of the tokens were dispersed throughout the BORA token ecosystem to support its growth and adoption.
Twenty percent of the tokens were allocated to the reserve by the platform.
Fifteen percent of the tokens were held by the developers and advisors of the project.
Show more
Show less
Similar market cap crypto
Listed crypto with similar market cap in the last 24h.
Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 4.1K new posts about BORA, driven by 3.2K contributors, and total online engagement reached 12M social interactions. The sentiment score for BORA currently stands at 86%. Compared to all cryptocurrencies, post volume for BORA currently ranks at 0. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of BORA.
Powered by LunarCrush
Posts
4,096
Contributors
3,198
Interactions
12,180,977
Sentiment
86%
Volume rank
#0
X
Posts
566
Interactions
3,630,966
Sentiment
98%
BORA FAQ
What is BORA?
BORA is a decentralized blockchain platform that focuses on gaming and content distribution. With the aim of revolutionizing the internet-based content industry, BORA seeks to empower users and foster increased engagement.
What are the benefits of holding BORA?
Holding BORA offers several benefits, particularly in the gaming sector on the blockchain. One of the key advantages is BORA's dedicated focus on gaming, providing specialized tools and infrastructure to support game developers in building gaming applications.
Additionally, BORA's two-tiered blockchain system enhances the efficiency and scalability of gaming apps, contributing to a seamless user experience. By holding BORA, individuals can participate in and contribute to the growth of the gaming ecosystem while also potentially benefiting from the success of innovative gaming projects built on the platform.
Where can I buy BORA tokens?
You can buy BORA tokens on a number of different spot trading markets. One example is the OKX which offers a BORA/USDT pair. You can also swap your existing cryptocurrencies, including Bitcoin (BTC), Cardano (ADA), Tether (USDT), and USD Coin (USDC), for BORA with zero fees and no price slippage by using OKX Convert.
How much is 1 BORA worth today?
Currently, one BORA is worth $0.080586. For answers and insight into BORA's price action, you're in the right place. Explore the latest BORA charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as BORA, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as BORA have been created as well.
ESG (Environmental, Social, and Governance) regulations for crypto assets aim to address their environmental impact (e.g., energy-intensive mining), promote transparency, and ensure ethical governance practices to align the crypto industry with broader sustainability and societal goals. These regulations encourage compliance with standards that mitigate risks and foster trust in digital assets.
Asset details
Name
OKcoin Europe LTD
Relevant legal entity identifier
54930069NLWEIGLHXU42
Name of the crypto-asset
bora
Consensus Mechanism
Klaytn employs a modified Istanbul Byzantine Fault Tolerance (IBFT) consensus algorithm, a variant of Proof of Authority (PoA), enabling high performance and immediate transaction finality. Core Components of Klaytn’s Consensus: 1. Modified IBFT Algorithm: Immediate Transaction Finality: Klaytn’s IBFT algorithm ensures that once a block is validated, it is immediately final and cannot be reversed. This guarantees that transactions are quickly settled, providing a secure and efficient user experience. 2. Klaytn Governance Council: Council-Driven Governance: The Klaytn network is governed by the Klaytn Governance Council, a consortium of global organizations responsible for selecting and maintaining Consensus Nodes (CNs). This council-based governance model balances decentralization with performance and ensures transparency in decision-making. Two-Thirds Majority for Finalization: For a block to be finalized, it must receive signatures from more than two-thirds of the council members, ensuring broad consensus and network security. 3. Three-Tiered Node Architecture: Consensus Nodes (CNs): The selected validators responsible for producing and validating blocks. CNs are at the core of the network’s security and stability. Proxy Nodes (PNs): Act as intermediaries, relaying data between CNs and the broader network, which helps distribute network traffic and improve accessibility. Endpoint Nodes (ENs): Interface directly with end-users, facilitating transactions, executing smart contracts, and serving as user access points to the Klaytn network.
Incentive Mechanisms and Applicable Fees
Klaytn’s incentive structure includes block rewards and transaction fees distributed to Consensus Nodes (CNs) and various network funds, fostering network security, sustainability, and community development. Incentive Mechanisms: 1. Rewards for Consensus Nodes (CNs): Fixed Block Rewards: CNs earn fixed rewards in KLAY tokens for validating and producing blocks. This predictable income incentivizes CNs to maintain active participation and secure the network. Transaction Fees: Users pay transaction fees in KLAY tokens, which are collected by the network and distributed among the CNs as additional rewards, further supporting network security and stability. 2. Block Reward Distribution: Governance Council (GC) Reward: GC Block Proposer Reward: 10% of the block reward goes to the specific CN that proposed the block, incentivizing continuous active participation. GC Staking Award: 40% of the block reward is distributed among all Governance Council members who stake KLAY, promoting network security by rewarding staked tokens. Klaytn Community Fund (KCF): 30% of each block reward is allocated to the KCF to support community development, dApp creation, and overall ecosystem growth. Klaytn Foundation Fund (KFF): 20% of the block reward goes to the KFF, providing resources for long-term network sustainability and future development initiatives. 3. Transaction Fees: User Fees for Network Interaction: Users pay fees in KLAY based on gas usage and gas price for transactions. These fees are then distributed to CNs, incentivizing efficient transaction processing and active participation. Applicable Fees: Transaction Fees: Transaction fees on Klaytn are paid in KLAY and calculated based on gas consumption. These fees support network maintenance by compensating validators and fostering economic sustainability.
Beginning of the period to which the disclosure relates
2024-04-02
End of the period to which the disclosure relates
2025-04-02
Energy report
Energy consumption
44.15040 (kWh/a)
Energy consumption sources and methodologies
The energy consumption of this asset is aggregated across multiple components:
To determine the energy consumption of a token, the energy consumption of the network(s) klaytn is calculated first. Based on the crypto asset's gas consumption per network, the share of the total consumption of the respective network that is assigned to this asset is defined. When calculating the energy consumption, we used - if available - the Functionally Fungible Group Digital Token Identifier (FFG DTI) to determine all implementations of the asset of question in scope and we update the mappings regulary, based on data of the Digital Token Identifier Foundation.
Disclaimer
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
Socials