1. Prologue

In 2022, the BORA team (hereinafter referred to as ‘we’ or ‘us’) announced plans to apply a dynamic token economy through the BORA 2.0 white paper. The main points were (1) the introduction of token inflation (with an inflation rate that decreased annually), (2) the burning of transaction fees within the platform, (3) the gradual reduction of token circulation based on the platform's activation level, and (4) the transition to a 'dynamic tokenomics structure.'

Given the significance of BORA tokenomics, we continued to evaluate the application of BORA 2.0 tokenomics even after releasing the white paper. After thorough analysis, we determined that moving to a proactive 'deflationary token' structure would be more beneficial for revitalizing the BORA platform and expanding its ecosystem, especially when compared to the previous dynamics of the BORA 2.0 tokenomics. Therefore, we plan to withdraw the existing BORA 2.0 plan and instead introduce BORA3.0, a new approach centered around deflationary tokenomics.

The new BORA3.0 roadmap is scheduled to be completed within the first half of 2024.