SORA status updates with development updates from across the community are released every two weeks. Enjoy the October 2024 Ecosystem updates!
SORA Integrated Plan
You Are Here
As the Earth slowly begins to rotate away from the sun and days become shorter in the Northern Hemisphere, the state of mind known as the Summer of SORA shows no signs of stopping. With the Kensetsu platform live and KUSD-based liquidity and order book pairs available on Polkaswap, the pivot toward the SORA v3 tokenomics is in full swing.
The most exciting part of SORA v3 tokenomics was also proposed, voted on, and released: SORA Vested XOR (vXOR). This new companion token to XOR will be used to incentivize producers in the SORA economy.
Also, teased as Secret 9 and taking sweet summertime to change the plan, for those eagle-eyed who pointed out in the chats that this secret had been revealed, but the plan had not been updated accordingly, the tokenomics upgrade has been a multifaceted process. Rome wasn’t built in a day, nor was the SORA economy.
”You say, ‘I am rich; I have acquired wealth and do not need a thing.’ But you do not realize that you are wretched, pitiful, poor, blind and naked.” — Revelation 3:17
Revelations aside, this edition is a little different. Usually, all the fun and the bulk of the work done is summarised in this section, leaving the buidlrs feeling somewhat neglected, as the details are pretty much overlooked, so this time, the spotlight leaves this, your favourite part of the SORA Ecosystem Updates, and spreads this across the publication. Take a look at the interesting work being done for SORATOPIA, and don’t forget to pray before undertaking the tasks as you journey toward Bushido or degeneracy; to each their own.
Then, follow the Silk Road to enlightenment about the different milestones being worked on. From ALT to Kensetsu, by way of the Bridges and then on to wallets and community builders, the progress made in September has been spectacular.
Without further ado, read on to discover what the SORA Builders have been up to and hopefully, this also inspires you to make your blockchain beeswax a reality. You have all the tools available to you, including community support; all that remains is for you to stack the first block.
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:
Dear SORA community, it has been a long time coming, but we are happy to announce that SORA Card product testing has been successfully completed and the SORA Card fiat wallet with virtual cards has been submitted for Google Play and Apple app store review. Please look forward to an announcement for the release date soon™️. Thank you very much for your ongoing support.
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 Blockchain Update
- Work is ongoing to upgrade the Polkadot-SDK version to 1.1.0 to facilitate the HASHI bridge architecture.
- Working on opening HRMP channels with other Kusama and Polkadot parachains.
- Curio — After opening an HRMP to their parachain, Curio DAO’s $CGT token was listed on Polkaswap.io and has been whitelisted on the HASHI bridge to allow cross-chain transfers. XOR, VAL, PSWAP, and KSM have been whitelisted for XCM to the Curio parachain and are listed on Capital DEX! Please look forward to an AMA that will cover further opportunities brought about by this great partnership!
- Working on proof-of-concepts with companies and governments to implement them on the SORA network.
🎮 SORATOPIA
We’re thrilled to announce some major updates to SORATOPIA, the vibrant Telegram game where players explore, complete quests, and earn rewards in a community-driven digital world. The developers have been working tirelessly to bring new features and refine existing ones to elevate your gaming experience. Here’s what’s new:
We’ve Reached 30K Warriors!
Thank you for your support and for joining our ranks. We’re offering a giveaway exclusively for new members; join the battle and claim your reward!
Stay tuned–more rewards and honourable challenges await on the horizon.
Maps for Locations
- Map for locations along with improved UX for a smoother journey. Navigating quests became even easier.
Daily Check-In Tasks
- Commit to your daily check-in and earn 50 points to forge your spirit. But remain vigilant — on some days, the spirits may bless you with 1k, 2k, or even 10k points. Discipline is your greatest weapon.
Partnership Locations
- Three new partnership locations have been successfully launched for you to explore. These locations enrich your gameplay and represent exciting collaborations with our partners. No relation to Pokémon.
Telegram Bot Notifications
- The Telegram bot is more interactive than ever, sending you real-time notifications to keep you informed and engaged with the game.
Stay tuned for more updates as the world of SORATOPIA continues to be built and expands!
ALT (Aggregate Liquidity Technology) Integration with the Order book
ALT is an innovative mechanism based on Dr Makoto Takemiya’s paper, which aims to optimally combine different liquidity sources in Polkaswap to provide the best trading experience. By aggregating liquidity from multiple sources, ALT ensures that users receive the most efficient and competitive trades.
- Final Testing Ongoing: The last stages of testing the ALT integration are ongoing to ensure everything runs smoothly.
- Continuous Synchronization: The front-end developers are closely coordinating to make real-time adjustments, ensuring a seamless user experience for all.
Kensetsu
Kensetsu, the overcollateralized stablecoin platform, is making strides with several key updates this month. Starting with a stable asset pegged to USD and one to the Troy ounce of Gold RWA, Kensetsu is expanding its offerings and opportunities for users. Here’s what’s new:
KUSD-Based Pools Now Available on Polkaswap
- Users can now create pools with KUSD on Polkaswap, providing a new avenue to increase liquidity and rewards.
KUSD-Based Order Books are Live on Polkaswap
- Users can now add KUSD pairs to the Polkaswap order book and start trading, unlocking more beneficial opportunities with this stable asset.
New Collateral Tokens
- The list of collateral tokens has been expanded to include DOT, PUSSY, SB, DEO, and KARMA. This means more flexibility and collateral opportunities to obtain Kensetsu tokens.
XOR-KUSD Farming Pool with KEN Rewards
- A new farming pool is now available on the Ceres platform, where users can stake XOR-KUSD pairs and earn KEN rewards.
KGOLD Borrowing Now Available
- The recently released stablecoin, KGOLD, pegged to Gold, is now available for borrowing. Users can use a variety of collateral tokens, including VAL, PSWAP, TBCD, DAI, DOT, ETH, KXOR, PUSSY, and SB, to borrow KGOLD. Soon, Polkadot crowdloan rewards in KGOLD will also be distributed.
Stay tuned for more updates. The Kensetsu platform is continuously being enhanced and expanded!
Tokenomics Upgrade
Work is ongoing to compile the requirements for the second phase of the tokenomics upgrade, which will introduce new token bonding curve-based tokens into the SORA ecosystem.
Bridges
Bridges are a vital component of the SORA ecosystem, enabling interoperability that is unavailable anywhere else to this degree and providing seamless asset transfers between connected networks. Once assets are bridged into SORA, you can use your favourite tokens across the wide range of services, products, and tools available within the ecosystem. SORA is committed to continuously expanding its bridge offerings, forging meaningful partnerships to enhance connectivity and provide greater opportunities for our community.
Multi-EVM Bridge
- Currently undergoing testing to ensure seamless integration across multiple EVM-based networks.
- Evaluating and optimizing commission structures across different networks to provide the most efficient transactions for users.
TON Bridge
- The network is in the final stages of testing, bringing it closer to connecting the TON blockchain to the SORA ecosystem for greater interoperability and asset flow.
- SORA believes in freedom of speech. Free Pavel Durov!
📱 SORA Wallet Updates
SORA Card
SORA Card stands out as a self-custodial crypto wallet integrated with a DEX, IBAN, and debit card, offering top-tier privacy and security while bridging multiple EVM-based ecosystems and Polkadot’s Substrate networks into a single, interoperable solution with all the standard banking features. As 🔜 draws closer, here are some development updates:
- Ongoing Synchronization and Collaboration: Work is actively ongoing with external partners to refine back-end components and streamline administration procedures for optimal performance.
- Integration with Fearless Wallet: Exciting progress is underway with Fearless Wallet to incorporate the SORA Card, enhancing your wallet experience with seamless functionality.
- Final Testing and Production: The SORA Card is undergoing final testing and will soon enter full production, ensuring a robust and reliable service.
- First Payment Success: In a thrilling announcement, the first successful payment made with SORA Card took place at a McDonald’s, marking a significant milestone in this journey. I’m loving it.
👷🏽♀️ SORA Builders Programme News
ADAR Updates
The ADAR app is continuously receiving updates and improvements; highlights this month include:
Release 1.0.21:
Route Assets
- Swap and Send option is temporarily disabled — only the transfer option is available
- Technical improvements
Release 1.0.23;
🔥Exchange Rate in Route History Reports and More🔥
Changes
📃 Added Rate Field in Route History Reports 📃
- The route history reports now show the exchange rates for each transaction. The rates represent the token price fixed at the time of the transaction.
Check here.
Enhanced Swap Dialogue
- Fixed issues where users could see incorrect widget behaviour, such as negative values and tokens not changing. These bugs are now fully resolved.
📈 Improved Statistics Panel
- The statistics panel now displays more accurate data.
✍️ TX Sign Simplification
- Added a ‘hide confirm dialogs’ feature.
- Added ‘remember password’ with different timelines for Google login and desktop.
- Added ‘hide TX sign’ dialogue.
🌉 HASHI Bridge Enhancements
- Fixed bridge transaction account address issues.
- Updated Ethereum API & ETH fee request.
- Improved ETH fee calculation.
🎈 UX/UI & Performance 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, take a look at this deck. To try the version available after the completion of the first milestone, visit the ADAR website.
Ceres Updates
The Ceres team has been hard at work this month. Major updates include:
- DEO Arena Sneak Peek
- Burning event
- test.apolloprotocol.io is live!
and…
- Another DEO Arena gameplay sneak peek
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:
- SORATRIX final API spec version.
- CCXT component version for internal use.
Improvements to the PalmaTestBot: 🌴 SORAwallet multi-currency support.
🌴 SORA wallet custom amount support.
🌴 SORA wallet test network implementation.
🌴 The PalmaTestBot is accessible via the handle:
@Palma_test_new_bot
🌴 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: 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.
