BORA crypto rises as Mythical Games joins its governance council

June 17, 2022 08:31 AM PDT | By Versha Jain

BORA crypto rises as Mythical Games joins its governance council — Image source: © Alexanderushkevich | Megapixl.com

What Is Bora (BORA)?

BORA is a decentralized ecosystem for games, Dapps, and entertainment. It follows a two-tiered blockchain ecosystem: Kyaytn and Bora chain.

Klaytn is a public blockchain for metaverse and gaming activities, whereas the Bora chain is a modular blockchain used by DApps as an execution layer.

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BORA was launched by a Korean group of blockchain and mobile phone experts. Its CEO Gyehan Song, and CSO, Key Yune, have over 20 years of experience as game developers.

BORA offers an easy-to-navigate API web interface and full interoperability to attract game developers and DApps.

It claims to execute 2,200 transactions per second (TPS), higher than those like BNB Chain.

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Data Source: coinmarketcap.com

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BORA token:

The BORA token has a current market capitalization of US$275.5 million with a circulating supply of 927.5 million. There is a total of 1.2 billion BORA tokens in supply.

It can be traded on OKX, Gate.io, CoinOne, Upbit, and Bithumb.

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Bottom line:

Each BORA governance council member is entitled to one vote, irrespective of their position. According to the company, the decisions of the governing council are transparent.

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