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      "body": "# Join the SORA Synthetics Airdrop Campaign and Share a Prize Pool of $34,000! ​\n\n\n\nhttps://i.imgur.com/pGGMtJb.jpg \n\n\nWelcome to the SORA Synthetics Airdrop campaign, the first phase of a series of campaigns. Please note that there will be Phase 2 and 3 of the campaign in the future.\n\n\n\n\n*Campaign Highlights:*\n\n\n\n\n🧬 **Discover Synthetic Assets**: Uncover the immense potential of synthetic assets within the SORA ecosystem. Participate in the SORA Synthetics Airdrop campaign and gain firsthand insights into the groundbreaking XST features on the Polkaswap DEX.\n\n\n\n\n🥳 **Earn XSTUSD Tokens**: Stand a chance to receive up to $140 worth of XSTUSD tokens designed to enhance stability and liquidity. \n\n\n\n\n🎉 **Exciting Rewards**: Participate in various actions and earn points that translate into tangible rewards. From bridging Ethereum to the SORA network, swapping tokens, providing liquidity, and referring friends – each step gets you closer to unlocking rewards!\n\n\n\n\n🏆 **Compete for Prizes**: The competition heats up as you refer friends and earn points. Secure a spot on the leaderboard and vie for the top 3 spots, earning additional rewards!\n\n\n\n\n📆 **Campaign Duration**: The campaign is valid until 29.09! Keep an eye on the rewards distribution schedule for claim dates.\n\n\n\n\n\n\n\n\n🏆Check out your possible rewards https://airdrop.sora.org/ 🏆\n\n\n**Participate now in the SORA Synthetics Airdrop campaign and experience the future of DeFi with Polkaswap!**\n\n\n\n\n 👉 [A COMPLETE GUIDE ON HOW TO DO IT STEP BY STEP !](https://medium.com/polkaswap/share-a-pool-of-34-000-join-sora-synthetics-airdrop-phase-1-564c33522f34)\n\n\n*Stay tuned for more SORA and Polkaswap related content.*\n\n\n\n\n",
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      "body": "Congratulations @polkaswapper! You have completed the following achievement on the Hive blockchain And have been rewarded with New badge(s)\n\n<table><tr><td><img src=\"https://images.hive.blog/60x70/http://hivebuzz.me/@polkaswapper/replies.png?202212162140\"></td><td>You got more than 10 replies.<br>Your next target is to reach 50 replies.</td></tr>\n</table>\n\n<sub>_You can view your badges on [your board](https://hivebuzz.me/@polkaswapper) and compare yourself to others in the [Ranking](https://hivebuzz.me/ranking)_</sub>\n<sub>_If you no longer want to receive notifications, reply to this comment with the word_ `STOP`</sub>\n\n\n\n**Check out our last posts:**\n<table><tr><td><a href=\"/hive-122221/@hivebuzz/lpud-202212\"><img src=\"https://images.hive.blog/64x128/https://i.imgur.com/pVZi2Md.png\"></a></td><td><a href=\"/hive-122221/@hivebuzz/lpud-202212\">LEO Power Up Day - December 15, 2022</a></td></tr><tr><td><a href=\"/hive-102201/@hivebuzz/wc2022-recap-sf-day2\"><img src=\"https://images.hive.blog/64x128/https://i.imgur.com/uNPMgnd.png\"></a></td><td><a href=\"/hive-102201/@hivebuzz/wc2022-recap-sf-day2\">HiveBuzz World Cup Contest - Semifinals - Recap of Day 2</a></td></tr><tr><td><a href=\"/hive-139531/@hivebuzz/proposal-2324\"><img src=\"https://images.hive.blog/64x128/https://i.imgur.com/RNIZ1N6.png\"></a></td><td><a href=\"/hive-139531/@hivebuzz/proposal-2324\">The Hive Gamification Proposal Renewal</a></td></tr></table>\n\n###### Support the HiveBuzz project. [Vote](https://hivesigner.com/sign/update_proposal_votes?proposal_ids=%5B%22248%22%5D&approve=true) for [our proposal](https://peakd.com/me/proposals/248)!",
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      "body": "More than anyone, the SORA Card team is excited to release Phase 1: Pre-Registrations. We are moving it slightly up the calendar to either **by the end of this year or very early in January**. The main reason for this is something we care about highly: *the security of your finances and data*.\n\n![Real Estate Home Selling Postcard 1.png](https://i.imgur.com/BAzw2c4.jpg)\n\n\nBefore releasing the new application publicly we want to finalize a complete security audit of the whole newly built solution. We work with multiple 3rd parties, and although everything is looking very promising, our unique product requires quite some customized solutions.\n\nAs an example, it was the first time our partners worked on a solution where the client (SORA dApp) **did not want to have any data of the users**. This feature differentiates us from other crypto card solutions and we overcame a couple of challenges to safeguard your privacy.\n\nNext to this, SORA wallet has undergone an entirely new design that prepares it for all planned future features to be added in style and with great user experience above all. It made sense to us to release the new wallet design together with SORA Card integration.\n\nFurthermore, and this is a recurring theme: Substrate networks take some extra research and work since most developers outside of the Polkadot ecosystem have little to no experience with the technology. We are grateful to see an uptrend curve when it comes to the number of developers in the ecosystem, over time Substrate will hopefully become more the standard.\n\nWe are excited to share the release of Phase 1 with you very soon at SORA quality standards. Nothing less.\n\nFor more information and updates about Sora card you can check the official Sora website - [www.soracard.com](https://soracard.com/)!\n\nStay tuned for more SORA and Polkaswap related content.\n\n\n\nPosted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@polkaswapper/sora-card-update-on-pre-registrations)",
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      "body": "*Recently, many people who follow the growth of the SORA network have been asking in the official Telegram groups what is happening to the price of one of the newest tokens on the SORA blockchain - XST(SORA Synthetic).\nThat’s why I decided to share more information about the token itself to give a better idea of ​​what the token is and its functionality. There is currently [an article on Medium](https://medium.com/sora-xor/xst-a-platform-for-synthetic-assets-on-sora-b45ca526d8d5) about this, but it’s important to note that its mostly with proposals that are not implemented yet.*\n![zaglana xst.jpg](https://i.imgur.com/qoJJPv7.jpg)\n\nThe first time that I heard about XST was when I attended the 2nd Annual SORA Economic Forum. During this event, Makoto Takemiya, Ph.D., the CEO and co-founder of SORAMITSU presented the idea of ​​creating a **Platform for Synthetic Assets on SORA** and the launch of the new token, $XST. In the beginning, it was stated that this token couldn't be bought, it could only can be earned (by farming or by building stuff on the network  and receiving grant for it). It was also stated that an initial amount of 1337 $XST will be farmable in October on [Demeter Farm](https://farming.deotoken.io/) on two of the pools (**XOR-DAI** and **XOR-ETH**).\n\n\nThe other important decision was that from now on, all invoices(for developers, other costs, etc.) will be paid in XST or in XST-backed synthetic assets.\n\nOne of the changes that have also  been introduced is that the SORA token - $XOR will no longer be mintable (except through the TBC), which means that the  TBC will effectively control 100% of $XOR supply. Thus, XST has replaced it for the purpose of **PROJECT FUNDING**.\n\nWhen there is a set supply of something, price *has to go up with demand*. In economic theory, if supply can’t expand and contract via mechanisms, *we get parabolic price movements*. When liquidity dries up, there are parabolic movements down when there is no exit liquidity. XST is one mechanism that allows for supply to be diminished and increased based on demand, but a TBC allows traders and arbitrage to help keep the price more stable.\n\n**For example:** The price of XOR goes to $600. At that price, the TBC will start to provide incentives to bond your long held PSWAP or VAL. In exchange for minting new XOR and receiving some vested PSAWAP, as the reserves grow in the TBC. **The price of XOR should become responsive to the total reserve in the TBC.**\nTBC inflow and outflow will allow arbitrage and for other traders to get some predictive sense of price movements, as everything is transparent.\nAlso, XST will be a reserve currency of the TBC like DAI,VAL,PSWAP and Ethereum.\n*Here is how buys into the TBC are distributed*:\n\n![Distribution of buys into TBC.jpg](https://i.imgur.com/I6tJVxz.jpg)\n\nDecisions on the SORA blockchain are made by community voting on the proposals made, so it is very important to actively monitor what these proposals are. You can follow the  [SORA Governance Bot on Telegram](https://t.me/sora_governance_updates)  to get live updates on these proposals.\n\nRight now there are 23631.41 tokens in supply (you can check it in real time via [this website](https://mof.sora.org/qty/xst)), which means that the Market Cap of the XST token at the moment is 23631.41 x $17.76 (price at the moment of writing the post) = 419 693.84 USD.\n\nBefore we take a deeper dive into XST, it is very important to understand exactly what **“Synthetic Assets”** are.\nThe simple explanation is that they are *assets which are PEGGED TO AN INDEX using ONLY on-chain collateral*.\n**For example**: XSTUSD is a synthetic asset, because *it is pegged to the value of USD, but backed by redeemability to XOR*.\n\nOne of the ways to expand the SORA economy are the XST or XST-based synthetic assets that can be created by governance to fund projects. This way, the supply of XOR tokens is not inflated.\nSpeaking about governance, it is really important to mention that XST is **only mintable by governance** (via on-chain referendums), or by **BURNING XST assets (like XSTUSD) IN ORDER TO MINT XST**!\n\nWhen XST is minted via governance (for funding productive activities), an additional amount of XST is minted and gived to XOR-XST LP on Demeter Farm. In this way, we can say that this pair is the “*Maradona*” оf the LP pools on SORA blockchain. The other pools for minting XST are currently:\n- XOR-ETH\n- XOR-XST\n- XOR-DAI\n- XOR-USDT\n- XOR-XSTUSD\n\n*The fee to entry for any of them is 1%. You can also check this post this post about all the pools at Demeter now.\n\n##### In conclusion, I can say that XST is basically a claim on 10% of all the fees paid on Polkaswap and 5% of all fees paid on the SORA Network. This could be very, but very valuable if/when we get more users.\nJust a final example:\n#### 10% of VAL remint / 50% of fees go into VAL = 5% of fees go to XST!\n\n\nStay tuned for more SORA and Polkaswap related content. \n\nPosted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@polkaswapper/sora-synthetics-usdxst-the-token-to-power-synthetic-assets-for-the-blockchain-universe)",
      "title": "SORA Synthetics ($XST) - The token to power synthetic assets for the Blockchain Universe!",
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      "body": "*Recently, many people who follow the growth of the SORA network have been asking in the official Telegram groups what is happening to the price of one of the newest tokens on the SORA blockchain - XST(SORA Synthetic).\nThat’s why I decided to share more information about the token itself to give a better idea of ​​what the token is and its functionality. There is currently [an article on Medium](https://medium.com/sora-xor/xst-a-platform-for-synthetic-assets-on-sora-b45ca526d8d5) about this, but it’s important to note that its mostly with proposals that are not implemented yet.*\n![zaglana xst.jpg](https://i.imgur.com/qoJJPv7.jpg)\n\nThe first time that I heard about XST was when I attended the 2nd Annual SORA Economic Forum. During this event, Makoto Takemiya, Ph.D., the CEO and co-founder of SORAMITSU presented the idea of ​​creating a **Platform for Synthetic Assets on SORA** and the launch of the new token, $XST. In the beginning, it was stated that this token couldn't be bought, it could only can be earned (by farming or by building stuff on the network  and receiving grant for it). It was also stated that an initial amount of 1337 $XST will be farmable in October on [Demeter Farm](https://farming.deotoken.io/) on two of the pools (**XOR-DAI** and **XOR-ETH**).\n\n\nThe other important decision was that from now on, all invoices(for developers, other costs, etc.) will be paid in XST or in XST-backed synthetic assets.\n\nOne of the changes that have also  been introduced is that the SORA token - $XOR will no longer be mintable (except through the TBC), which means that the  TBC will effectively control 100% of $XOR supply. Thus, XST has replaced it for the purpose of **PROJECT FUNDING**.\n\nWhen there is a set supply of something, price *has to go up with demand*. In economic theory, if supply can’t expand and contract via mechanisms, *we get parabolic price movements*. When liquidity dries up, there are parabolic movements down when there is no exit liquidity. XST is one mechanism that allows for supply to be diminished and increased based on demand, but a TBC allows traders and arbitrage to help keep the price more stable.\n\n**For example:** The price of XOR goes to $600. At that price, the TBC will start to provide incentives to bond your long held PSWAP or VAL. In exchange for minting new XOR and receiving some vested PSAWAP, as the reserves grow in the TBC. **The price of XOR should become responsive to the total reserve in the TBC.**\nTBC inflow and outflow will allow arbitrage and for other traders to get some predictive sense of price movements, as everything is transparent.\nAlso, XST will be a reserve currency of the TBC like DAI,VAL,PSWAP and Ethereum.\n*Here is how buys into the TBC are distributed*:\n\n![Distribution of buys into TBC.jpg](https://i.imgur.com/I6tJVxz.jpg)\n\nDecisions on the SORA blockchain are made by community voting on the proposals made, so it is very important to actively monitor what these proposals are. You can follow the  [SORA Governance Bot on Telegram](https://t.me/sora_governance_updates)  to get live updates on these proposals.\n\nRight now there are 23631.41 tokens in supply (you can check it in real time via [this website](https://mof.sora.org/qty/xst)), which means that the Market Cap of the XST token at the moment is 23631.41 x $17.76 (price at the moment of writing the post) = 419 693.84 USD.\n\nBefore we take a deeper dive into XST, it is very important to understand exactly what **“Synthetic Assets”** are.\nThe simple explanation is that they are *assets which are PEGGED TO AN INDEX using ONLY on-chain collateral*.\n**For example**: XSTUSD is a synthetic asset, because *it is pegged to the value of USD, but backed by redeemability to XOR*.\n\nOne of the ways to expand the SORA economy are the XST or XST-based synthetic assets that can be created by governance to fund projects. This way, the supply of XOR tokens is not inflated.\nSpeaking about governance, it is really important to mention that XST is **only mintable by governance** (via on-chain referendums), or by **BURNING XST assets (like XSTUSD) IN ORDER TO MINT XST**!\n\nWhen XST is minted via governance (for funding productive activities), an additional amount of XST is minted and gived to XOR-XST LP on Demeter Farm. In this way, we can say that this pair is the “*Maradona*” оf the LP pools on SORA blockchain. The other pools for minting XST are currently:\n- XOR-ETH\n- XOR-XST\n- XOR-DAI\n- XOR-USDT\n- XOR-XSTUSD\n\n*The fee to entry for any of them is 1%. You can also check this post this post about all the pools at Demeter now.\n\n##### In conclusion, I can say that XST is basically a claim on 10% of all the fees paid on Polkaswap and 5% of all fees paid on the SORA Network. This could be very, but very valuable if/when we get more users.\nJust a final example:\n#### 10% of VAL remint / 50% of fees go into VAL = 5% of fees go to XST!\n\n\nStay tuned for more SORA and Polkaswap related content. If you want to use Polkaswap, I will highly appreciate if use my refferal link .\n\nPosted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@polkaswapper/sora-synthetics-usdxst-the-token-to-power-synthetic-assets-for-the-blockchain-universe)",
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