What Is BORA Token Ecosystem?
Bora is a blockchain-based platform that aims to promote the distribution of applications and user activity. For a long time, businesses have lacked transparency and total disclosure. Internet-based businesses are at risk of losing users, transactions are a high-risk, and there are high costs of brokerage. The Bora Chain is designed with an internal system and a public system to help solve these issues. It helps each unique application to enjoy its own independent environment.
Bora ecosystem has its own tokens, the Bora Points, which are linked to ERC20 tokens. User assets are not dependent on other content providers but rather exist with the user. Content providers are able to participate in the decentralized ecosystem. Bora token sale is already complete.
The BORA Token Ecosystem Structure
The blockchain structure of Bora gives various service providers a platform for their services to be easy and quick. The modular architecture gives content providers an independent and autonomous execution without the noisy neighbor issue. The content applications are circulated using the blockchain platform.
The Bora token promotes and sustains the distribution of content applications. The ecosystem supports the participation of both the user and the content provider. Bora tokens can be traded between users. Bora Points are for circulation within the ecosystem. The points are different from the Bora Tokens.
The Points are managed independently within the blockchain while the tokens generated by the Ethereum mainnet. Bora points are generated through transfers and usage on already generated tokens. Gamers or users who wish to play games within the platform may change their tokens to points. The Bora Token manager generates points upon request from the user’s Bora tokens.
There is fee for changing Bora points into Tokens. A user pays a fixed fee for the change, which are used internally for platform operations. Transaction fees are also charged as a form of monetization. Large-scale content providers or users requiring massive transactions will equally pay a fee. There is a level set and contents going over this level will be charged.
How BORA Token Blockchain Entertainment Chain Network Works
The platform participation focuses on games. With time, it will extend to the business side of games including advertisements, game communities; and with more time, it will move to genres with the same structures as video games.
Bora platform will provide tools to develop games that tend to become repetitive. Specialty items will also be provided in instances where games require them. The Bora Toolkit for Trade has been placed for games that have transaction systems.
BORA Token Ecosystem Reward Program
Reward programs exist on the platform to increase customer retention. These rewards are mostly online items because it is hard for content producers to give cash rewards. The Bora Toolkit for Rewards operates loyalty programs that are linked to benefits for users. The players reaching or achieving new levels, gaining affinities and VIPs, can receive the rewards.
Game players often share information and send suggestions to game developers. Communities formed by players also generate business values. Advertisers often use the game communities to generate traffic and markets. Bora Enjoy has been created to support advertisements and marketing campaigns.
The Bora chain in essence aims at taking the burden of privately developing and maintaining cryptocurrencies and blockchain for each game developer.