Redenomination
Redenomination changes the nominal unit of account by splitting or combining circulating supply while preserving proportional ownership. SORA implemented a 1:100 XOR redenomination coordinated through on-chain governance to simplify pricing, rebalance treasury reserves, and prepare for the token bonding curve monetary system.
Redenomination
EconomicsThe process of adjusting token denominations without changing total value. SORA redenominated XOR in 2020 to improve usability and align token supply with long-term monetary policy.
Sections
Definition
Redenomination changes the nominal unit of account by splitting or combining circulating supply while preserving proportional ownership. SORA implemented a 1:100 XOR redenomination coordinated through on-chain governance to simplify pricing, rebalance treasury reserves, and prepare for the token bonding curve monetary system.