New Architecture
Complete rebuild on Substrate framework.
SORA v2 Launch
SORA v2 Launch
Section titled “SORA v2 Launch”Published: April 2021
In early 2021, SORAMITSU launched SORA v2 — the Substrate-based mainnet that would become the foundation for the modern SORA ecosystem. This release introduced XOR, VAL, PSWAP tokens and the Polkaswap DEX, establishing SORA as a significant player in decentralized finance.
The Launch
Section titled “The Launch”Polkaswap DEX
Cross-chain liquidity aggregator debuts.
Token Launch
XOR, VAL, and PSWAP enter circulation.
Community Transition
Migration from SORA v1 completed.
From v1 to v2
Section titled “From v1 to v2”SORA v1 (Legacy)
Section titled “SORA v1 (Legacy)”The original SORA network:
- Hyperledger Iroha based
- Limited programmability
- Focused on asset management
- Enterprise-oriented
SORA v2 (New Era)
Section titled “SORA v2 (New Era)”The upgraded network:
| Aspect | SORA v1 | SORA v2 |
|---|---|---|
| Framework | Iroha | Substrate |
| Smart Contracts | Limited | Full WASM |
| DeFi | Basic | Full Polkaswap |
| Ecosystem | Standalone | Polkadot-ready |
Token Launch
Section titled “Token Launch”XOR (Network Token)
Section titled “XOR (Network Token)”XOR debuted as the native utility token:
- Elastic supply via Token Bonding Curve
- Transaction fees across the network
- Governance participation rights
- DEX trading base pair
VAL (Validator Token)
Section titled “VAL (Validator Token)”VAL launched for network security:
- Validator rewards distribution
- Deflationary burn mechanism
- Fee burning from transactions
PSWAP (DEX Token)
Section titled “PSWAP (DEX Token)”- LP rewards for liquidity providers
- Buyback-and-burn from trading fees
- Strategic incentives for ecosystem growth
Polkaswap Launch
Section titled “Polkaswap Launch”The Polkaswap DEX launched alongside v2:
Core Features
Section titled “Core Features”- Liquidity aggregation from multiple sources
- Smart routing for optimal prices
- XYK pools for trading pairs
- Cross-chain ready architecture
Initial Pairs
Section titled “Initial Pairs”First trading pairs included:
- XOR/VAL
- XOR/PSWAP
- XOR/ETH (via bridge)
- Additional pairs over time
Technical Foundation
Section titled “Technical Foundation”Substrate Choice
Section titled “Substrate Choice”Why Substrate?
| Benefit | Impact |
|---|---|
| Modularity | Custom pallets for SORA needs |
| Upgradability | Forkless runtime updates |
| Polkadot Ready | Future parachain capability |
| Developer Tools | Rich ecosystem support |
Architecture Highlights
Section titled “Architecture Highlights”- Pallet-based modular design
- WASM runtime for upgrades
- Nominated PoS consensus
- Cross-chain infrastructure ready
Community Response
Section titled “Community Response”The launch generated significant excitement:
“This is the DeFi infrastructure we’ve been waiting for!”
“Finally, a DEX that actually aggregates liquidity properly.”
Participation
Section titled “Participation”- Validators began securing the network
- LPs started providing liquidity
- Traders explored Polkaswap
- Developers built on the platform
Historical Significance
Section titled “Historical Significance”SORA v2 established foundations that persist today:
- Tokenomics — XOR, VAL, PSWAP model still active
- Polkaswap — Continues as primary DEX
- Governance — Parliament builds on v2 foundation
- Community — Core community formed during v2 era
The Road Ahead (From 2021)
Section titled “The Road Ahead (From 2021)”At launch, the roadmap included:
- ✅ Kusama parachain (achieved 2022)
- ✅ SORA Card development (achieved 2024)
- 🔄 SORA v3/Nexus (in progress 2025)
Learn More
Section titled “Learn More”Current SORA
Polkaswap
Next: Kusama
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