BORA Island Project Overview and Weekly Update

Introduction to BORA Island
While blockchain technology is receiving more attention than ever and is slowly moving forward towards mainstream adoption, there is still a lot of missed opportunities due to the complicated nature of the technology and the low level of user-friendliness. Blockchain technology would lend itself perfectly for the content industry; however, many content providers are missing out on the advantages that blockchain has to offer. This is where BORA Island comes in. BORA Island strives to develop a decentralized ecosystem that helps content providers by accommodating to their needs in such a way that it becomes easier for them to connect to the blockchain ecosystem.

The BORA ecosystem will be comprised of the following four layers, namely: (1) BORA Island, the token wallet service for general users. (2) BORA Lagoon, the testnet where developers can test the BORA platform. (3) BORA Explorer, which provides transaction information of BORA Chain. (4) BORA Atoll, an operations guide for business partners.

BORA Island (mainnet) scheduled to be released in Q2 2019

A few weeks ago, BORA released their testnet called BORA Lagoon. At the moment BORA Lagoon is undergoing thorough testing by BORA’s developers and partners. If you want to get a taste of BORA Lagoon you can test the platform for yourself at: https://testnet.bora-lagoon.com/portal/. If the test phase goes as planned then the full release date of BORA Island is planned to be during the second quarter of 2019.

BORA’s Token system
BORA’s ecosystem will be comprised of a dual token system, namely: (1) the BORA token and (2) the BORA Swell token. BORA tokens are ERC20-based tokens and can be used to trade with other users within the ecosystem or externally on exchanges. BORA Swell, on the other hand, is only meant for internal use within the BORA ecosystem. For instance, users that wish to play games through a dApp on the BORA Island platform or want to buy in-game items can do so using BORA Swell tokens.

Weekly update

WAY2BIT, the parent company BORA platform, held a project meetup at the DECENTRE blockchain café in Seoul in front of more than 100 blockchain enthusiasts and partners. The meetup was divided in three parts, with part 1 being a global introduction of the BORA platform. In part 2 BORA's CTO Wei Tui Bai Li discussed the performance of BORA Lagoon (BORA’s testnet), which reached the respectable amount of 2,200 transactions per second (TPS) thus far. During the 3rd part of the meetup several partners gave presentation regarding various areas such as: gaming, music and healthcare. The BORA team also provided updates on various partnerships, including partnerships with: companies such as BlockWater Capital, Emong Games, ENP GAMES, Neon Games, SUPERTREE, UNIT5, Assum Ventures, HURAY POSITIVE, MODU TOWN, WISEPEER, and INFOSEED.

Just to highlight two of these projects:

• EMON Games has integrated their crown jewel, the game Skeleton King, to the BORA ecosystem, allowing players to upgrade their characters by using BORA tokens. They are also planning to add a reward system, that enables players to earn BORA tokens by joining in in-game competitions.

• ENP Games is the publisher of the MMORPG 'Ring' and owns the game portal 'Pupu'. Lee Seung-jae, CEO of ENP Games, said that they are looking forward to develop and publish all of their games on the BORA-platform.

Official channels
Website: https://www.boraecosystem.com/
Bora Lagoon test net: https://bora-lagoon.com
Telegram: https://t.me/boraofficial
Twitter: https://twitter.com/bora_ecosystem
Medium: https://medium.com/@BORA_Ecosystem
Reddit: https://new.reddit.com/r/Bora_Ecosystem/
Email: [email protected]

Disclaimer: This article is not intended as investment advice. It is just my personal opinion about BORA. You should always do your own research #DYOR. BORA incentivizes me for writing this article and encourages me to express my own opinions.

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