METABORA Unveils Sweeping BORA 3.0 Mainnet Update: Deflationary Economics, Gameplay Enhancements, and Global Expansion

METABORA SINGAPORE announces its plan to update the BORA 3.0 Mainnet and release a whitepaper on the BORA PORTAL. The update includes enhancements to the BORA token utility, unification and conversion of the dual-token structure, implementation of a token gas fee policy, and a "Dynamic Token Burning Model" to activate the BORA chain and transition into a deflationary tokenomics model.

METABORA Unveils Sweeping BORA 3.0 Mainnet Update: Deflationary Tokenomics, Revolutionary Enhancements, and Global Expansion

Singapore, April 29, 2024 - METABORA SINGAPORE (Representative Gyehan Song) has announced a comprehensive update to its BORA mainnet, outlining a bold vision for a deflationary tokenomics model, enhanced token utility, and a strategic expansion into the global entertainment market.

BORA Evolves to Deflationary Tokenomics

In a groundbreaking move, BORA 3.0 will replace the existing inflation plan with a "Dynamic Token Burning Model." This model will allocate a percentage of BORA used as gas fees on the BORA Mainnet for burning, effectively reducing the total supply of tokens in circulation. The initial burning rate has been set at 50%, a bold step towards transitioning BORA into a deflationary token economy.

Enhanced Token Utility and Cross-Chain Integration

The BORA token will undergo a significant transformation, unifying the current dual-token structure (tBORA and bGAS) into a single BORA Mainnet token. This streamlined system will enhance token utility, especially for gas fees, which will be dynamically adjusted based on chain traffic conditions.

Moreover, BORA is expanding its cross-chain capabilities, integrating with major platforms such as Polygon, Near Protocol, Ethereum, and Binance Chain. This strategic move opens up new avenues for ecosystem growth and utility beyond game-centric applications.

Global Content Expansion: Sports, Entertainment, and Beyond

In an ambitious effort to conquer the global entertainment market, BORA 3.0 will introduce a lineup of exciting new onboarded content. This includes a globally renowned IP-based baseball simulation game and "Birdie Squad 2024," an immersive sports experience featuring live KLPGA broadcasting.

"We are relentlessly pursuing improvements across all aspects of our platform," said Lim Young-Jun, CBO of METABORA SINGAPORE. "BORA 3.0 is a testament to our commitment to innovation and growth, and we are confident that this update will solidify our position as a leader in the blockchain entertainment space."

Aggressive Eco Fund Investment and Strategic Partnerships

METABORA SINGAPORE has established a robust eco fund investment strategy to foster partnerships with industry leaders across tokenomics, content, and blockchain technology. This collaborative approach aims to drive innovation and expand the BORA ecosystem beyond its current boundaries.

METABORA's strategic investments extend to optimizing GameFi services such as NFT trading, token exchange, and DeFi through the BORA Portal. By nurturing a thriving GameFi environment, the platform attracts users and developers alike, further enhancing the value of the BORA ecosystem.

Global Accessibility and Liquidity

BORA's status as a national game/entertainment token ensures high liquidity in the market. To further enhance accessibility, METABORA SINGAPORE is actively listing BORA on global cryptocurrency exchanges and expanding partnerships worldwide. This concerted effort will empower users and developers alike to participate seamlessly in the BORA ecosystem.

A Vision of the Future

BORA 3.0 is more than just an update; it's a bold reimagining of the BORA platform. By transitioning to deflationary tokenomics, enhancing token utility, expanding cross-chain integration, investing in global content, and fostering strategic partnerships, METABORA SINGAPORE is laying the foundation for a sustainable, vibrant, and globally dominant blockchain ecosystem.

About METABORA SINGAPORE

METABORA SINGAPORE, a subsidiary of renowned game developer METABORA, is dedicated to delivering user-friendly blockchain-based games and entertainment content. With a wealth of experience in development and service, METABORA SINGAPORE seamlessly integrates blockchain technology with captivating entertainment experiences.

The BORA Platform boasts partnerships with industry-leading organizations, empowering a diverse range of content from games to entertainment and guild DAOs. Through the BORA Portal, METABORA SINGAPORE offers optimized GameFi services such as NFT trading, token exchange, and DeFi, attracting users and developers to the rapidly growing BORA ecosystem.