SORA Ecosystem Updates #84, February 7, 2025
SORA development status updates with development updates from across the community are released monthly. Enjoy the February 7, 2025 Ecosystem updates!
SORA Integrated Plan
You Are Here
We begin 2025, the continuation of the shitcoin cycle, where the twenty-fifth highest trending token is aptly known as fartcoin. Breaking this down a bit more — although the vast majority of traders are “experts” in this field — a token without any utility other than hype (which fuels demand) and limited supply, which to the layman seems to be the only important metric to define a token’s value.
Having shallow metrics is telling, which is why the trending tokens of late are void of depth, quickly rotating (avg. community lifespan is less than 4 hours), and lacking any form of infrastructure behind them (other than the LP they emerged). This is not to say that they have no worth, there’s buckets of liquidity behind them, however their utility extends to the exit liquidity of whoever has the majority of the tokens, as experience has showed time and time again.
Take a look at the 2024 year in Review to see what has been cooking.
So, what is this long rant supposed to justify? If you’re a fervent meme believer, this will come as fluff, and if you’re new to the space, this could be mistaken for investment advice (which it most certainly is not). Now, let’s turn and look at SORA. While the aforementioned fearmongers are spreading the word that liquidity is used to fund development, and they are unable to exit (let that sink in for a moment), the entire community has a robust and powerful blockchain to show for it.
Another uncomfortable truth is that crypto often ignores blockchain fundamentals. Take networks affected by the crypto Dutch disease, where transaction costs exceed the value being traded, or networks that occasionally grind to a halt — unlike SORA. As network owners, you have access to features that other chains must spread across multiple networks. You benefit from bridges that have operated reliably since launch, and beyond these features, you can develop your own or propose network improvements.
This is not a one-sided endeavour — while developers work tirelessly to bring about the new economic order, networks need active users to thrive. Simply waiting for rewards to materialize won’t produce results. The revolution will take time, particularly when dealing with nation-states, but it will undoubtedly arrive. You have the freedom to choose: patiently wait or become part of the change you wish to see. The decision to act or observe from the sidelines is entirely yours. In the meantime, explore the significant developments underway.
The SORA v3 upgrade is steadily approaching. The platform already features impressive use cases, as highlighted in the GBBC report (see page 53). The Asia-Pacific region stands to benefit significantly from SORA’s enhanced capabilities. The implementation of a CBDC and savings bond system on the network demonstrates how blockchain can truly revolutionize finance and promote inclusion — rather than just serving as another speculative tool for lambo bros to chase quick profits.
If you are interested in being part of this revolution, participate in the Fujiwara testnet, which is the first step toward implementing the SORA v3 Hub Chain. In the meantime, the Bank of Papua New Guinea has been testing some of the SORA v3 Hub Chain features, with a PoC successfully completed. We’re hitting the ground running, so expect more major updates soon (we’re not stuck in a jam).
The bridge to The Open Network is open in one direction (TON → SORA) for now; work on the second phase is taking place as you read these lines. The TON/XOR pool is open, so bring sunscreen as the outlook is bright.
SORA Card has been live since December, and a major upgrade is in the works to bridge the gap between crypto and fiat, so stay tuned for this step up. In the meantime, if you don’t get what SORA Card is all about, Grok will explain it to you like you’re five…
Finally, Polkaswap builders are hard at work implementing multi-signature support, read about the feature in December’s updates.
You are now up to date with the recent happenings in the SORA ecosystem and the current status of the SORA Integrated Plan. Stay tuned for upcoming news from all the SORA contributors, and we’ll meet again soon. Now, let’s get back to work!
*This is not financial advice. Always make sure to do your own research!
You can find the summary of the integrated plan points in the SORA Wiki.
Business Track Progress
- SORA Card
A message from the SORA Card Team;
“SORA Card virtual cards have been out for a month, and we are grateful for the enthusiasm and feedback we have received so far!
The team is working hard on testing the exchange feature so you can exchange XOR and EUR with a few thumb taps.
At the same time, we are finalizing the integration of the SORA Card with Fearless Wallet. This exciting milestone will enable the exchange of additional tokens like ETH and USDT with EUR.
This integration will improve the overall user experience for users of both apps. Value Freedom & Stay Fearless!”
Read the transcript of the recent SORA Card launch AMA in the SORA Telegram chat! For more information about SORA Card, take a look at these articles: Introduction of SORA Card, key features of SORA Card, a comparison between SORA Card and other crypto-powered banking services, an interview with the people behind the SORA Card tech and management, and a recent article on SORA Card Phase One, as well as the SORA Card AMA Recap.
SORA Card | Value Freedom
SORA v2
- Added new Seasons
No limits. Stay sharp. #SORATOPIA #TONSWAP
Bridges
Bridges form a vital part of the SORA ecosystem, providing top-tier interoperability for seamless asset transfers between different networks. Soon, with XORless transfers, users will be able to bridge their assets into SORA and use their preferred tokens throughout the ecosystem’s wide array of services, products, and tools.
SORA is expanding its bridge offerings and building strategic partnerships to enhance network connectivity and create more opportunities for our community in this next-generation DeFi hub.
TON Bridge
- The work on the 1st phase of the bridge (TON → SORA transfers only) is complete, and the bridge has been released.
- The community can already add liquidity to the XOR/TON liquidity pool to facilitate onboarding our new friends from the TON network into the SORA ecosystem!
- To enable building connections between the SORA and the TON ecosystems as swiftly as possible, the development team decided to release the bridge into phases. Following the release of the 1st phase (TON → SORA transfers only), the team has been finalising the implementation of the second phase to unlock transfers of assets between the TON and SORA ecosystems in both directions.
Multi-EVM Bridge
Following the recent prioritisation, the team has focused on finalising the bridge to the TON ecosystem.
Nevertheless, the team continues to spare some time to finalise the testing of the Multi-EVM bridge, with transfers enabled with the Ethereum and Binance Smart Chain ecosystems in priority.
We will release the Multi-EVM bridge on the public testnet as soon as it is ready to move to the next stage.
Builders
- After presenting the solution to the yet-to-be-announced globally known financial institution, the development team has been fine-tuning the implementation for the final handover. We are looking forward to the official statement to start marketing this innovative solution, which should increase financial inclusivity among a fundamental segment of the economy.
- We have collaborated closely with SORA builders to help them set up enterprise-ready financial tools. The development team has finished implementing multi-signature accounts and has been supporting the Polkaswap team to implement a convenient user interface and experience.
- Always looking forward, we have taken a step ahead in preparing a business proposal for the builders to further establish their operations on-chain on SORA and support them in securing a competitive advantage in their industry.
📱 SORA Wallet Updates
SORA is dedicated to designing the Future for the People. In our modern world, we must empower anyone to access their finance and favourite tools anywhere, anytime.
Wallets are a critical infrastructure for a New Economic Order where self-custody keeps people’s digital belongings safe. For this reason, we are continuously working to enhance the wallet experience.
SORA Card
While we still interact with traditional financial systems, SORA offers users secure self-custody of their assets with the ability to convert to fiat currency as needed — enabling payments for products and services that haven’t yet integrated with SORA.
We continuously collaborate with external partners to provide the best experience for our users and community.
- The mobile app (Android, iOS) dedicated to managing the banking operations of the SORA has been released and enables you to add the virtual SORA Card to your smartphone payment.
- The development of the crypto-to-fiat exchange functionality continues, enabling a seamless transition to SORA. It is going slower than we wish, but several external partners are involved, and we’re doing our best to facilitate operations and communications.
- The development team also supports the Fearless Wallet team in integrating the SORA Card into the Fearless Wallet! Bullish
SORA v3
Fujiwara Testnet
- The Fujiwara testnet is taking off! Look out for an article with more details. Meanwhile, here is a guide to setting up your node and participating!
👷🏽♀️ SORA Builders Programme News
ADAR Updates
The ADAR app is continuously receiving updates and improvements;
Find out how the ADAR app works here. Look at all the ADAR release notes here.
For frequent updates from the ADAR team, join their Telegram group!
Here is the proposal submitted by ADAR. For more information on the Abed Group, look at this deck. To try the version available after completing the first milestone, visit the ADAR website.
Ceres Updates
The Ceres team has been hard at work this month. Major updates include:
- The Hermes DAO Q4 Asset Report is out!
For constant updates from Ceres, subscribe to the Ceres Announcements channel on Telegram.
The Demeter Farming platform is available on the SORA network for users to farm with liquidity pool LP or single-sided staking with interesting APR*. New pools are constantly added, too. Demeter farming is directly integrated into Polkaswap for convenience. For more information, read this Medium article on the Demeter platform.
*Not financial advice, always do your own research.
Palmatrix Updates
Palmatrix is the newest builder to join the ranks; they submitted an RFP to implement the Palmabot and have made significant progress so far and are working on the following:
🌴 Palmatrix-SORA DEX-CEX Bridge 🌴
🔥 Phase 2 Weekly Updates 🔥
Announcing custom (in-process) wallet address and swaps — simply by chatting with Palma (test) 🚀🤩☀️
For more on plans and developments within Phase 2, please refer to this RFP.
🚀 Within our goal of bringing a broader audience tthe o SORA network (less tech-savvy investors, financial institutions):
- In our prototype, you can now try the chatbot workflow for in-process (versus previously predefined) wallet address input support and
- Swaps (limited currency support due to testing mode).
🚀 What can we expect in the next step?!
- Palmatrix SORA Node,
- SORA Test Network.
📢 NOTICE: this test step is in “real money mode” Have your Seed Phrase ready, as you will need it to confirm each transaction (this is still the most secure way of protecting your funds).
🌴 The PalmaTestBot is accessible via the handle:
🌴 Further test instructions will be announced in the new feature testing Telegram group.
For more information on Palmatrix and their proposals, check out the SORA Wiki.
🐈⬛ SORA Request for Proposal Updates:
Submit your development proposal or to improve the SORA network here.
RFP Success Stories
SORA governance will pick up the proposals with community input and consensus to propose referendums for their implementation. You have the power to decide which features progress! The future of SORA is in your hands!
Join the Decentralized Development channel on the SORA World Discord.
Thank you for making it all the way here. Your interest is much appreciated. If you are a passionate community member who evangelizes SORA and its supranational cryptoeconomic values to anyone willing to lend an ear, we are looking for you!
If you missed the previous ones: 2024 in Review / December 23 / November 25 / October 1 / August 11 / July 10 / June 5 / April 23 / March 20 / February 29 / January 29 / SORA 2023 Summary / December 15 / November 19 / October 26 / October 4 / September 18 / August 31 / August 18 / July 28 / June 16 / May 31 / May 15 / April 21 / April 10 / March 23 / February 27 /February 9 / January 23 / older Ecosystem Updates are archived here and Dev Updates are archived here
About SORA
SORA is an innovative, adaptive, non-debt-based monetary framework that facilitates economic stability, particularly for financially vulnerable countries. As a groundbreaking platform, SORA exemplifies the potential of blockchain technology in fostering a more inclusive and stable global financial system. Its integration in projects like the Bokolo Cash CBDC signifies a new era in digital currency, aligning technological advancements to achieve broader economic stability and resilience. Through its unique approach and capabilities, SORA plays a pivotal role in the evolution of global finance, particularly by supporting economies that need innovative and sustainable financial solutions the most.
