Skip to content
New issue

Have a question about this project? Sign up for a free GitHub account to open an issue and contact its maintainers and the community.

By clicking “Sign up for GitHub”, you agree to our terms of service and privacy statement. We’ll occasionally send you account related emails.

Already on GitHub? Sign in to your account

Introduction VXOR #312

Merged
merged 13 commits into from
Nov 5, 2024
4 changes: 4 additions & 0 deletions .vitepress/config.mts
Original file line number Diff line number Diff line change
Expand Up @@ -113,6 +113,10 @@ export default withMermaid(
text: "KARMA",
link: "karma",
},
{
text: "VXOR",
link: "vxor",
},
],
},
{ text: "SORA Governance", link: "sora-governance" },
Expand Down
Binary file added src/.gitbook/assets/sora_vxor_infinite_loop.png
Loading
Sorry, something went wrong. Reload?
Sorry, we cannot display this file.
Sorry, this file is invalid so it cannot be displayed.
21 changes: 21 additions & 0 deletions src/.gitbook/assets/vxor.svg
Loading
Sorry, something went wrong. Reload?
Sorry, we cannot display this file.
Sorry, this file is invalid so it cannot be displayed.
38 changes: 38 additions & 0 deletions src/vxor.md
Original file line number Diff line number Diff line change
@@ -0,0 +1,38 @@
---
title: SORA VXOR Token | SORA Docs
head:
- - meta
- name: description
content: VXOR, or SORA Vested XOR, is a token that promotes long-term commitment and economic expansion within the SORA ecosystem. By leveraging a buy-back-and-burn mechanism, VXOR rewards stakers and liquidity providers based on positive price trends, aligning incentives with ecosystem growth. Additionally, SORAized countries can receive VXOR to support economic development through on-chain governance.
- - meta
- name: keywords
content: SORA VXOR token, SORA network, liquidity providing, decentralized economy, vesting, vested token, buy-back-and-burn mechanism
---

# VXOR Token Overview

<center><img src=".gitbook/assets/vxor.svg" width="250"></center>

VXOR, or SORA Vested XOR, is a new token designed to foster productive economic growth within the SORA ecosystem. VXOR encourages long-term commitment from users by offering benefits tied to the vesting of XOR. This unique token aligns with SORA's goal of building a stable and incentivized community of builders and participants, including national entities.

# Key Features:
AndreyKortosov marked this conversation as resolved.
Show resolved Hide resolved

- Vesting Mechanism with Buy-Back-and-Burn: The VXOR mechanism uses 99% of the daily remint of XOR to buy back and burn VXOR, reducing supply and increasing value for vested participants. This mechanism essentially acts as a vesting tool to reward long-term holders.
AndreyKortosov marked this conversation as resolved.
Show resolved Hide resolved
- Encouraging Economic Expansion: Weekly calculations of the general price trend for XOR influence VXOR rewards. A positive trend results in additional VXOR being given to VXOR stakers and XOR-VXOR LP (Liquidity Provider) farmers. This mechanism is designed to align rewards with the growth in XOR’s market performance, encouraging builders and XOR-using countries to support SORA’s token economy actively.
AndreyKortosov marked this conversation as resolved.
Show resolved Hide resolved
- Support for SORAized Countries: Beyond individual builders, SORAized countries—nations that integrate XOR into their economies—can also receive VXOR through on-chain governance to bolster their economic expansion. The aim is to apply economic principles (ΔMV = ΔPY) to support increased purchasing power and economic growth in XOR-using regions.
- Sustainable XOR Supply Reduction: VXOR’s integration into SORA’s “v3 tokenomics” continues the gradual reduction in XOR supply, promoting a stable and long-term growth strategy for the SORA ecosystem.

![](.gitbook/assets/sora_vxor_infinite_loop.png)

# In Summary
AndreyKortosov marked this conversation as resolved.
Show resolved Hide resolved

VXOR is a vested token with a buy-back-and-burn mechanism designed to support SORA’s economic vision. It offers an innovative way for both individual participants and XOR-integrated nations to contribute to, and benefit from, the growth of the SORA ecosystem.

# More Details
AndreyKortosov marked this conversation as resolved.
Show resolved Hide resolved

For a deeper dive into the motivations and mechanisms behind VXOR, please refer to [the VXOR article on Medium](https://medium.com/sora-xor/v-for-vxor-841d92157225). This article provides in-depth insights into VXOR's role in SORA’s economic model, including details on tokenomics, governance, and how the token supports both individual and national economic growth within the SORA ecosystem.

## Learn More

- [SORA Tokenomics](/tokenomics.md)
- [XOR](/xor.md)
Loading