$VAL is a token used to reward validators on the SORA network. — — — — —.
27 Apr 2023, 07:02
🟡 $VAL is a token used to reward validators on the SORA network 🟡
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🪙 $VAL has a deflationary supply, where tokens are burned at every SORA network transaction. Elastic rewards in $VAL are given to validators and stake nominators as a percentage of the daily burned $VAL.
➕ $VAL holders also receive a part of the XOR created by the token bonding curve to provide liquidity on Polkaswap,io
🏛 VAL holders can unite in DAOs to pool liquidity and vote on supplying it to Polkaswap trading pairs, earning PSWAP tokens as rewards.
➡️ The initial total supply of $VAL was 100 million and has been decreasing over time as tokens are burned with every SORA network transaction.
🌟 The price of $VAL is determined by the market as it is a free-floating token.
📝 In summary, $VAL is a deflationary token, serving as a reward token for validators and stake nominators on the SORA Network. Discover more about $VAL 👇
wiki.sora.org/tokenomics
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