Foundation of BORA Ecosystem
Unlike traditional platforms, BORA Platform plans to provide a decentralized platform which essentially stores user information in a transparent way and ensuring credibility from blockchain technology.
But not just data to store, but fundamentally a more specifically developed and customized platform for applications that requires or can possibly utilize blockchain technology in innovative ways.
However, current public blockchain-based platforms, specifically based on the ERC20 (Ethereum), still require to pay a gas fee as it is using the Ethereum network for a transaction, which cannot be unconsidered by traditional applications that require structurally a lot of transactions.
Therefore, by utilizing our two-tiered platform with private blockchain (“BORA Chain”) and it modular structure, we plan to provide a flexible, performance-sufficient and independence ensured ecosystem for all participants.
Like games, which requires micro-transaction for every moment, when a player continues to enjoy it.
BORA Platform
We expect games or any similar applications that require tons of transaction will have a huge advantage to not paying the immense cost (gas fee) of using the Ethereum network, but reside inside our platform that provides a private blockchain, BORA Chain.
To structurally support and considering our ecosystem to prosper and activate circulation of participants contents, we decided to apply a two-tiered token and two-tiered blockchain system.
For the public side, ERC20 based BORA Token with Ethereum public blockchain, and ecosystem internally, BORA Point with BORA chain, which comes in a modular structure, to ensure each application will have their own independence ensured.
And both currencies are interchangeable with each other, anytime with our systemically working BORA Token manager.
BORA Point will be used as the currency within the ecosystem, so the user can spend or earn BORA Point from different applications. And also by converting it to BORA Token, it can be changed at Exchange too.
A hard earned item can be converted to BORA Point at trading-market and then converted to BORA Token.
Not only systemically, but also considering the difficulties to launch a service in a new platform with new standards, BORA Platform will have no-entry-fee which traditional platform requires when getting accepted.
Also, the team plans to provide development toolkits to support developers to create a decentralized application in our ecosystem.
To activate games and encourage our ecosystem participants, we are going to utilize our BORA Point as a resource as a fund (BORA Incentive Fund) to systemically redistribute to all participants according to their contribution within our ecosystem.
The team consists of members with average experience of 15+ years in platform, game, business, IT and infrastructure industries.
Platform and infrastructure are what the team is good at, and not only the team, but our leading partners are ready to support us on our project.
By next post, we’ll introduce more about our partners and the leading team.
Website: https://bora.boraecosystem.com/
BORA ISLAND: https://island.boraecosystem.com/
BORA Lagoon: https://lagoon.boraecosystem.com/
BORA Atoll: https://atoll.boraecosystem.com/
Telegram: https://t.me/boraofficial
Twitter: https://twitter.com/bora_ecosystem
YouTube: https://www.youtube.com/channel/UC_ECXkBdIBp-_Rs9DdGjHyA
Facebook: https://www.facebook.com/BORA-752657065111307/
Medium: https://medium.com/boraecosystem
Email: contact@boraecosystem.com
