SORA Synthetics Price(XST)

SORA Synthetics is a sophisticated platform that empowers users to create, hold, and trade synthetic assets seamlessly. Operating on the SORA network, it uses a combination of on-chain governance and off-chain indices to enhance the functionality and value of synthetic assets. The native utility token, XST, is the backbone of this ecosystem, facilitating transactions and providing users with governance rights. Users can mint synthetic assets that are fully collateralised on-chain, with their values continuously updated against reliable off-chain indices, ensuring accuracy and integrity in the trading process.

Key Objectives

The primary goal of SORA Synthetics is to create a governance-driven model that involves community participation in crafting and selecting synthetic assets. By leveraging the transparency and efficiency of blockchain technology, SORA Synthetics aims to democratise access to synthetic assets, allowing a wider audience to benefit from the diversification and opportunities these assets provide.