About SORA Validator Token
VAL is the validator reward token for the SORA network, used to reward those that stake XOR as part of the Nominated Proof-of-Stake consensus algorithm. VAL is a deflationary token that gets burned with each transaction on the SORA network.
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Market Stats
Market Cap
Not enough data
-3.13%
FDV
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Circ. Supply
408K VAL
Max Supply
100M VAL
Total Supply
100M VAL
Performance
Popularity
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Dominance
0%
Volume (24H)
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Volume (7D)
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Volume (30D)
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All time high
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Price Change (1Y)
Additional details
Recent trends
The latest VAL price is CA$0.0308.
The current circulating supply of SORA Validator Token is 408,003. This is 0% of its max supply of 100,000,000 VAL and 0% of its total supply of 100,000,000.
Market details
VAL vs markets
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VAL vs BTC
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VAL vs ETH
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Tags
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0xe88f8313e61A97cEc1871EE37fBbe2a8bf3ed1E4 | |
Sora | 0x0200040000000000000000000000000000000000000000000000000000000000 |
Price history
Time | Price | Change |
|---|---|---|
Today | CA$0.0308 | NaN% |
1 Day | CA$0.0313 | 0.00% |
1 Week | CA$0.0322 | 0.00% |
1 Month | CA$0.0382 | 0.00% |
1 Year | CA$0.21 | 0.00% |
FAQ
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 CAD currency in real-time. Get the live price of SORA Validator Token on Coinbase.
Assets that have a similar market cap to SORA Validator Token include Kuverit, The ChampCoin, BonFi, 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.
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Terms apply. Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
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Legal
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