BORA 3.0 Mainnet Update Brings Deflationary Token Structure

IconCryptoNewsTerminal Staff12 Jun, 2024

cryptonews.jpg

BORA 3.0 Mainnet Update Brings Deflationary Token Structure

BORA, the blockchain platform, has announced the completion of its mainnet application for the BORA 3.0 update. This update introduces a deflationary structure for BORA tokens, transitioning from tBORA tokens to BORA tokens. The deflationary token structure aims to reduce the circulating supply of BORA tokens over time, potentially increasing their value. Existing services on the BORA Chain, such as BORA Portal, BuddyShot, and ArchWorld, will now utilize BORA tokens instead of tBORA tokens. As a result, tBORA holders must swap their tokens for the new BORA tokens on the official BORA Portal website. This significant update aligns with BORA's previous plans to implement a deflationary token structure as part of its BORA 3.0 update.

Related News