BORA Improve Network Stability with BORA 3.0

Bittime - BORA 3.0, a new deflationary token structure, launched. A system inspection is scheduled for June 11 to ensure a smooth transition. Bora Portal and mainnet will be suspended during the inspection. Users can take advantage of this time to learn more about BORA 3.0 and prepare for the transition.

BORA, an innovative blockchain platform that focuses on developing a blockchain-based ecosystem for the world of content creators, is making waves again with the launch of BORA 3.0. BORA 3.0 is a new deflationary token structure designed to improve the stability, sustainability and ease of use of the BORA network.

BORA 3.0: Evolution Towards a Superior Blockchain Network

The launch of BORA 3.0 marks a new era for BORA by presenting several main advantages:

1. Elimination of Inflation: BORA 3.0 implements a deflationary token structure to control the number of tokens in circulation, thereby maintaining the stability of the BORA token value. This provides certainty for users and investors regarding the value of their assets on the BORA network.

2. Transition of bGAS Gas Token to BORA: BORA 3.0 transforms the bGAS gas token into the BORA token, creating a more efficient and integrated system. This step simplifies the transaction process and increases ease of use for users.

3. Combustion of BORA Used as Gas: BORA 3.0 implements a partial BORA burning mechanism which is used to pay gas fees. This encourages wiser use of BORA and contributes to the stability of the token's value.

System Inspection: Ensuring a Smooth Transition to BORA 3.0

To ensure a smooth transition to BORA 3.0, BORA will conduct a 26-hour system inspection on June 11, 2024, at 08:00 AM KST. During this period, use of the Bora Portal and mainnet will be temporarily suspended.

Utilizing Inspection Time to Prepare for BORA 3.0 Transition

BORA users can utilize system inspection times to:

Learn More about BORA 3.0: Visit the official BORA website to understand the details and benefits of BORA 3.0.

Preparing for the Transition: Make sure your BORA wallet is compatible with BORA 3.0 and learn how to transition bGAS tokens to BORA.

Join the BORA Community: Connect with the BORA community on social media to get the latest information and exchange ideas.

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