SORA (XOR) Could Be the Official Native Token of the Pegasus World Kit

4 min readSep 8, 2021

TL;DR

JP GAMES seeks to use XOR as the native token of its Pegasus World Kit metaverse
To provide initial liquidity, JP GAMES seeks a community loan of 60,000 XOR

It was announced earlier this summer that JP GAMES would create the Pegasus World Kit, a developer toolkit for making virtual games, using the Unreal Engine.

To power their metaverse game experience, JP GAMES wants to use XOR as the native token in this environment and is seeking a loan of 60,000 XOR from the community to provide initial liquidity. This will be proposed to the community and voted on soon.

The loan of 60K XOR will be used to afford sufficient in-game funds for players to have XOR. This will not be given to users for free, but rather they will have to pay a slightly higher fee than on the SORA token bonding curve. The money used by gamers to pay for the XOR will then be used to maintain the loaned token balance in accordance with practical treasury management.

If the loan is approved, the Pegasus World Kit would include XOR wallet functionality that allows developers to employ XOR in the metaverses they create. The sky is the limit.

This loan is expected to be repaid (burned) in 20 years, however, if the game toolkit is not successful or there is no demand, then the loaned XOR will be burned.

On Cloud Nine

Besides the added potential that the partnership with JP GAMES can bring to the SORA ecosystem, community members can also look forward to an NFT Art Auction on the SORA network as a groundbreaking collaboration if the loan is approved.

Along with this, JP GAMES will do its part to push more games to use XOR in the future, creating a combined ecosystem, which is in line with the SORA vision of many worlds, one economy.

You can have a preview of the Pegasus World Kit in the game Pegasus Dream Tour here.

About SORA, Polkaswap, and Fearless Wallet

SORA is a new economic system aimed at creating a supranational, world economic system with built-in tools for decentralized finance (DeFi). The SORA network implements a new way of parachain architecture on Polkadot and Kusama network, with the capability to bridge external blockchains (like Ethereum) to the Polkadot ecosystem.

One of the DeFi applications that will run on the SORA network is Polkaswap, a non custodial liquidity aggregating, cross chain AMM DEX designed uniquely for the Polkadot ecosystem with boundless liquidity through its one-of-a-kind Aggregate Liquidity Technology (ALT).

Fearless Wallet is a mobile wallet designed for the decentralized future on the Kusama and Polkadot ecosystem, with support for iOS and Android platforms. An awesome user experience, fast performance, and secure storage for your accounts. Fearless Wallet will integrate Polkaswap for easy, decentralized swaps of assets.