Bora operates as a decentralized platform dedicated to the gaming and entertainment industries. Its goal is to draw GameFi projects and applications to the Bora Chain, offering an alternative to networks like Ethereum that charge high gas fees. To achieve this, Bora employs a two-tiered blockchain structure: the BORA token trades on Klaytn, a public chain specializing in metaverse and gaming scenarios, while the Bora Chain serves as a modular execution layer for decentralized applications.

The team supplies development kits to assist creators in building apps for the ecosystem. Additionally, it uses Bora Points, an internal currency designed to support development efforts and reward contributions to Bora. These points can later be exchanged for the BORA token.

A group of Korean specialists in mobile and blockchain technology established Bora. The organization is led by CEO Gyehan Song, a veteran game developer with more than 20 years of industry experience, including time at Samsung Electronics. Key Yune, the CSO, also brings two decades of expertise in creating online desktop and mobile games, having produced several titles that achieved significant popularity in Korea.

Igoo Lee serves as CTO, leveraging his background as an infrastructure operations manager who helped build systems for games such as FIFA Online and Crossfire. Kyoungwook Cheon holds the role of VP of Engineering; he is a former computer engineer who founded the Free Chal game portal in 2000.

Additionally, the team has secured collaborations with over 30 entities across the gaming and blockchain sectors. These partners include ENP Games, UNIT5, Supertree, Neon Games, Emong, the educational advisor RS Edu, the digital health provider Hurray Positive, and the grid address platform Infoseed.

Bora distinguishes itself as a blockchain featuring strong cross-chain interoperability, utilizing multiple layers to enhance reliability, scalability, and security.

The platform appeals to game developers through its user-friendly web interface and API, along with complete interoperability across its ecosystem. It supplies infrastructure for user retention and management, notably via the Bora point system which connects with the BORA token.

The Bora blockchain consists of three distinct layers: the core layer, the service layer, and the application layer.

Serving as the foundation, the core layer supports the data network and infrastructure of the ecosystem, including the settlement of Bora points. Its code is based on Ethereum, and like Ethereum, it employs a proof-of-stake consensus mechanism.

The service layer contains the software development kits and APIs that integrate with applications and content created for Bora. This layer hosts the Bora chain explorer, which enables tracking of all BORA token transactions. Additionally, the BORA ATOLL software development kit provides developers with tools to design and manage applications on Bora.

End users interact with the application layer, which holds all content for the Bora ecosystem and the Bora app, an asset management platform. The app offers access to free content applications and functions for token exchange.

This dual-layer architecture presents a compelling option for game developers who prefer not to build on other blockchains. The modular design allows developers to easily test and develop projects on Bora before migrating them to different chains. For example, Bora achieves a transaction throughput of 2,200 TPS, which is considerably faster than even low-gas fee networks such as BNB Chain.

The BORA token has a total supply of 1.325 billion. Its allocation is broken down as follows:

• Token sale: 40%
• Reserve: 20%
• Ecosystem: 25%
• Team & Advisors: 15%

Users can swap BORA for the network’s internal Bora points, which serve as rewards for content creators, event organizers, and game incentives. These points convert seamlessly into BORA tokens, allowing them to be traded on multiple exchanges. Although BORA originally launched as an ERC-20 token, it moved to the Klaytn blockchain due to that platform’s emphasis on gaming and metaverse use cases.

Following the upgrade to Bora 2.0, the network shifted from a proof-of-authority model to a PBFT consensus mechanism. This change addresses numerous challenges associated with other systems such as proof-of-work or proof-of-stake. The architecture is designed for theoretical infinite scalability. Should the need arise, new blockchains can be constructed atop the existing core layer, which functions as the settlement foundation for Bora transactions. Consequently, every independent side chain within the ecosystem can potentially handle 2,200 transactions per second, creating opportunities for applications in sectors outside of gaming.

You can purchase BORA on Upbit, Bithumb, and Coinone.