Economic network

NFT and Polkaswap Referral Program Features Live on Sora Network

On March 15, 2022, the Sora community implemented the 1.3.1 runtime which includes non-fungible token (NFT) functionality and the Polkaswap referral program.

These features were initially offered as RFPs, and users could test them out in an incentive testnet that ran from February 28 to March 6, 2022.

NFT on Sora

NFT functionality will be available for all users to mint, send and collect NFT. There will be no NFT Marketplace implemented on Polkaswap. However, the implementation of the RMRK palette on the Sora network is coming soon to enable seamless interconnectivity with users for both protocols and serve as a marketplace. More information on the use of NFTs on SORA can be found here.

With the prominence of NFTs in the decentralized finance (DeFi) space at an all-time high, such functionality on the Sora network is a natural step towards positioning Sora and Polkaswap as key players in the ecosystem. DotSama.

Polkaswap referral system

The Polkaswap referral system will incentivize users to invite others by locking Sora’s native utility token, XOR, to generate a referral link. When someone uses the link, the initial costs to join the network will be covered by the referrer. Ten percent of transaction fees from subsequent transactions of members who joined Polkaswap with a referral link will go to the referrer. More information on using the referral system is available here.

All Polkaswap users will be able to create NFTs, send them to others, add them to their wallets, and generate referral links starting today, March 16.

About Sora and Polkaswap

SORA is a new economic system that creates a supranational multiverse economic system with integrated DeFi tools. The SORA network implements a new parachain architecture method on the Polkadot and Kusama networks capable of linking external blockchains such as Ethereum to the Polkadot ecosystem.

An upcoming DeFi application on the Sora network is Polkaswap – a decentralized noncustodial, liquidity aggregating, cross-chain automated market maker exchange designed for the Polkadot ecosystem with unlimited liquidity through its unique aggregated liquidity technology. kind.

Learn more and connect

Sora Community

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Polkaswap Community

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