BORA Island Update and Project Overview
Introduction to BORA Island
BORA Island aims to create a decentralized platform that facilitates content providers by making it easier to connect to the blockchain ecosystem. Blockchain technology at its current state is still a very complicated technology to many newcomers. Insufficient technical understanding and high development costs have resulted in many content providers missing out on the advantages that the blockchain ecosystem has to offer. BORA Island is trying to solve this problem by developing a decentralized platform that makes it easy for content providers to enter the blockchain space.
The BORA project will consist of the following 4 big pillars:
- BORA Island, the token wallet service for general users.
- BORA Lagoon, the testnet where developers can test the BORA platform.
- BORA Explorer, which provides transaction information of BORA Chain.
- BORA Atoll, an operations guide for business partners.
Token system
BORA’s ecosystem consists of two tokens, namely the BORA token and the BORA Swell token. BORA tokens are ERC20-based tokens and can be used to trade with other users within the ecosystem or externally. BORA Swell, on the other hand, is only meant for internal use within the BORA ecosystem. For instance, users that wish to play games through a dApp on the BORA Island platform or want to buy in-game items can do so using BORA Swell tokens.
Roadmap for 2019
This month BORA released their testnet called BORA Lagoon, which is now undergoing thorough testing by BORA’s developers and partners. If you are interested, you can test BORA Lagoon for yourself at: https://testnet.bora-lagoon.com/portal/. The full release of BORA Island’s mainnet is scheduled to be around the second quarter of 2019.
NEWS Flash
WAY2BIT, BORA’s parent company, announced a 2 million Dollar investment from Dunamu & Partners, supporting the development of BORA Island. For more information check this link
During the 15th to 18th of November Song Gyehan, CEO of WAY2BIT, presented the theme of the combination of game and Blockchain technology at the G-Star 2018. At this gaming conference he spoke about BORA and how the envisions the integration of blockchain technology in the gaming industry. More information on Gyehan’s talk can be found through this link.
Concluding remarks
It seems that the BORA team is working hard on the development of BORA Island. Seeing that the received a large 2 million dollar investment from Dunamu & Partners shows that they have great confidence in the team and in the product. It is also good to see that team is sharing updates with their community and it seems they are right on track to meet launch date, scheduled at the 2nd quarter 2019.
Official channels
Website: https://www.boraecosystem.com/
Bora Lagoon test net: https://bora-lagoon.com
Telegram: https://t.me/boraofficial
Twitter: https://twitter.com/bora_ecosystem
Medium: https://medium.com/@BORA_Ecosystem
Reddit: https://new.reddit.com/r/Bora_Ecosystem/
Email: [email protected]
Disclaimer: This article is not intended as investment advice. It is just my personal opinion about BORA. You should always do your own research #DYOR. BORA incentivizes me for writing this article and encourages me to express my own opinions.
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