Bifrost will support the Sora crowdloan to win a parachain slot on Polkadot. SORA is a new economic order for the world aimed at high growth and empowering human progress. The SORA network includes interoperability with the Polkadot and Kusama networks and the capability to bridge external blockchains (like Ethereum) to the Polkadot ecosystem.
According to the Sora team, crowdloaners will receive 0.004716 XSTXAU, equivalent to 0.1337 grams of gold, for every 1 DOT contributed. Bifrost will provide crowdloan participants supporting Sora with access to liquid derivative DOT (vsDOT) when they crowdloan Sora on Bifrost, allowing users to remain liquid throughout the parachain lease period of 2 years.
Sora intends to create a new economic order, and we at Bifrost are helping them. Using our Slot Auction Liquidity Protocol (SALP), users can crowdloan their favourite projects and access derivative DOT (vsDOT), which provides liquidity as it can be exchanged at any point when liquidity is required. When you crowdloan using SALP, you receive vsDOT and vsBOND, which can be exchanged at any moment to ensure maximum capital utilization.
It is important to note that crowdloan rewards are guaranteed even if a user swaps the derivate DOT for other tokens, but an equal amount of derivate DOT is required to claim the tokens used for crowdloaning.
Users who want to contribute to the Sora crowdloan can utilize Bifrost’s SALP and remain liquid for the parachain lease.
Contribute to the Sora Crowdloan here: https://bifrost.app/vcrowdloan?network=polkadot.
