Question 1

What is BORA?

Accepted Answer

BORA is the utility token of the BORA ecosystem, which serves gaming, player interaction, and Web3 services. It can play a role in on-chain services and content experiences integrated with the ecosystem, but holding BORA is not equivalent to holding equity in the operator, nor does it represent fixed returns or fixed redemption rights; the functions that can actually be used depend on the specific integrated game or service.

Question 2

What scenarios can BORA be used for?

Accepted Answer

The BORA ecosystem aims to extend gaming and player interaction into an on-chain environment, combined with digital assets and service experiences. The token’s actual uses are not automatically created by the name “ecosystem”: users may use it according to a product’s rules only when a specific game or service is integrated and has configured the relevant functions; therefore, users should refer to the rules of the product they use to confirm whether BORA is supported, what actions are required, and how fees are charged.

Question 3

What is the relationship between BORA and network fees?

Accepted Answer

Under the BORA 3.0 mechanism, creating and processing transactions on BORA Chain requires payment of network fees in BORA. Fees are costs paid by users for on-chain operations, linking network usage with token circulation; they differ from the price of purchasing game content or trading tokens on the market, and the specific amount payable still depends on the transaction and the applicable network rules.

Question 4

How does BORA’s deflationary mechanism work?

Accepted Answer

BORA 3.0’s fee policy processes collected network fees in two portions: one portion is transferred to an address that can only receive assets for burning, while the other is used for reinvestment in the ecosystem. Burning reduces the portion of tokens sent to that address, while ecosystem reinvestment is not burning; therefore, not all fees or the entire BORA supply can be described as decreasing automatically. The proportions of the two portions are also not permanently fixed and may be adjusted by the Governance Committee in accordance with procedures.

Question 5

What does BORA’s 1:1 conversion mean?

Accepted Answer

The 1:1 conversion described in the BORA 3.0 documentation refers to the quantity correspondence between native BORA on BORA Chain and externally circulating BORA, rather than a price peg. When tokens on one side are locked, an equivalent amount is minted on the other side; during a reverse conversion, the corresponding amount on one side is first burned, and then an equivalent amount of tokens on the other side is unlocked. In this way, each conversion uses locking or burning to correspond to creation or unlocking on the other side, preventing the same quantity from being freely circulating assets on both sides simultaneously within this mechanism.

Question 6

What should be noted when using or holding BORA?

Accepted Answer

When using or holding BORA, mechanisms and outcomes should be considered separately. The burning of a portion of network fees and the 1:1 conversion structure respectively describe fee processing and the quantity correspondence between tokens in different forms; they do not guarantee market price, liquidity, or returns, and the availability and usage of ecosystem services may also change. Before conducting an on-chain operation, users should also confirm the network being used, wallet compatibility, and the fee rules applicable to that operation.

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