Home · Blog · Blockchain Technology · · Updated Sep 28, 2025 · 4 min read
SORAMITSU, SORA & Polkaswap: The Complete Guide to DeFi Innovation
Discover how SORAMITSU, SORA, and Polkaswap build a decentralized financial system through token bonding curves, governance, and cross-chain interoperability.

Introduction
The SORA ecosystem, developed by SORAMITSU, represents one of the boldest attempts to rethink global finance. Combining the SORA blockchain, the XOR token, and Polkaswap, this ecosystem isn’t just another DeFi project — it’s a blueprint for a decentralized, interoperable, and community-governed economy.
In this guide, we’ll explore how SORA works, what makes it unique, and how its components fit together to form a financial system built for the future.
The Vision Behind SORA
At its core, SORA is more than a blockchain: it’s an economic system. Guided by economic theories such as those of Professor Richard Werner, SORA aims to create a more equitable and sustainable global economy. The idea is simple yet powerful — enable communities to issue credit, manage resources, and build without relying on centralized banks.
Key Tokens of the SORA Ecosystem
Token | Role | Key Use Cases |
---|---|---|
XOR | Utility & governance token | Transactions, liquidity, bonding curve supply model |
VAL | Validator reward token | Network security, governance participation |
KUSD | Stablecoin | Stable medium of exchange, liquidity pair for Polkaswap |
Polkaswap: SORA’s Decentralized Exchange
Polkaswap is the decentralized exchange (DEX) built on SORA. Unlike typical DEXs, Polkaswap is interoperable, allowing assets from different blockchains to trade in a trustless way.
Key features include:
- Cross-chain trading via bridges and upcoming JAM compatibility.
- Liquidity aggregation to optimize swaps.
- Integration with the SORA Card for real-world spending.
For detailed documentation, see Polkaswap Docs.
The Bonding Curve Mechanism
SORA’s bonding curve governs how new XOR enters circulation. Instead of mining or fixed issuance, the system expands or contracts XOR supply depending on market demand. This ensures:
- Predictable liquidity for ecosystem growth.
- A self-balancing system resistant to manipulation.
- Transparent monetary policy coded into the protocol.
Governance in SORA
SORA uses a decentralized governance model where token holders propose and vote on key decisions. Unlike traditional systems where power concentrates at the top, SORA governance aims to distribute influence fairly among participants.
Holders of both XOR and VAL can participate, making governance not only decentralized but also incentive-aligned with network security.
The SORA Card: Bridging Crypto and Everyday Spending
The SORA Card extends the ecosystem into the real world. With it, users can:
- Spend crypto like cash at merchants worldwide.
- Fund their card directly from Polkaswap.
- Retain privacy and control while staying connected to traditional financial rails.
This makes SORA one of the few ecosystems with a direct bridge from DeFi to daily life.
SORA v3: Built on Hyperledger Iroha
While earlier versions of SORA used Substrate, SORA v3 is migrating to Hyperledger Iroha. This transition provides:
- Higher performance with a modern consensus engine.
- Enterprise-grade stability proven in CBDC projects.
- Broader interoperability across networks.
This move reflects SORAMITSU’s track record as the developer of national-level CBDCs, such as Cambodia’s Bakong system.
Real-World Impact and CBDCs
SORAMITSU has already demonstrated its capabilities by building Bakong, Cambodia’s live central bank digital currency (CBDC). This experience directly informs the design of SORA — proving that the technology can scale to national and global finance.
Frequently Asked Questions (FAQ)
What is the main token of the SORA network?
The primary token is XOR, which powers transactions, liquidity, and governance.
What is the difference between XOR, VAL, and KUSD?
- XOR is the main utility token.
- VAL secures the network and supports governance.
- KUSD is a stablecoin used for trading and stability.
Is Polkaswap only for SORA tokens?
No. Polkaswap supports cross-chain swaps, enabling users to trade assets from multiple blockchains.
Why did SORA migrate from Substrate to Hyperledger Iroha?
The shift to Hyperledger Iroha with SORA v3 allows higher performance, greater stability, and enterprise-level scalability.
Can I use the SORA Card anywhere?
The SORA Card is designed for global use, allowing you to spend crypto like cash at merchants and online stores that accept standard debit card payments.
⚠️ However, some regions and countries are restricted. You can view the full blacklist here.
Conclusion
SORA, Polkaswap, and the wider ecosystem represent a new financial architecture. With XOR as its core token, VAL for security, KUSD for stability, and the SORA Card for real-world utility, this isn’t just DeFi — it’s the foundation of a new decentralized economy.
For more, explore the SORA Wiki or dive into the Soranauts Glossary.
Financial Disclaimer
Financial Disclaimer: This content is for informational and educational purposes only and should not be considered financial, investment, or trading advice. The information provided about SORA, Polkaswap, TONSWAP, and other cryptocurrencies is not intended as investment recommendations. Cryptocurrency investments are highly volatile and risky, and you may lose some or all of your invested capital. DeFi protocols carry additional risks including smart contract vulnerabilities, impermanent loss, and regulatory changes. Always conduct your own research (DYOR) and consult with qualified financial advisors before making any investment decisions. Past performance does not guarantee future results. The authors and Soranauts are not responsible for any financial losses incurred from following information on this website.