The wait is over! Satoshi Shibarimoto dropped an article on Kensetsu, SORA's version of Maker DAO.
Kensetsu allows users to lock collateral and create over-collateralized stablecoins pegged to various values, such as fiat currencies, gold, and silver. This is achieved through oracles on the SORA network.
Max supply allocation: 1 $KEN per 1 million $XOR burned. Less than 1 million XOR burned yields no $KEN tokens. $KEN is designed to be deflationary; $KEN is burned with every transaction on Kensetsu DApp.
To acquire initial $KEN tokens, participants must burn at least 1 million $XOR between specific block numbers (14,464,000 to 14,939,200) on the SORA network.
Kensetsu introduces a novel stablecoin creation mechanism in the SORA ecosystem with a unique incentivization structure centered around the $KEN token.
Read more: https://t.co/91bRz0WDbO
Hey there, future economists! 🌍 Let's dive deeper. Not getting how XOR fuels our ecosystem? It's used to fund new awesome services. So, use it, don't just hold it! 👩🚀 And hey, your vote matters! When you skip voting, you miss shaping SORA's destiny. Plus, speculating might be
@sora_xor what is being cooked behind the scenes??? 👀🔥
The team is working hard day in day out, i have a gut feeling a huge announcement is coming our way🚀🔥.
Go through my previous $XOR tweets and you’ll understand why I’m super bullish on this projects future.
#ETH #ERC20 #CBDC #SORA