BORA token was listed on Global exchange Coinsuper on January 15, 2019.
Since then, due to the sudden change in prices shortly after the listing, many people are worried about the current price and also have concerns about plans. We understand that many people are confused by unfounded speculation and rumors about the project and we would like to take some time to explain the current situation and share the future plan.
Unfortunately, the current crypto and blockchain market does not have a standard guideline for objective assessment of the technical performance, business feasibility, and potential growth of individual projects. We believe this is a weakness of this industry, which lacks the means to support the initial token price logically. Therefore, the price of the token follows the flow of the major coins such as Bitcoin and Ethereum. Besides, the supply and demand of individual token and the expectations of the project team’s vision are mixed together to create a complex market. There is a consensus within the industry to prove its value through the real output, and the position of our company that is committed to launching killer-titles is not much different from others.
1) BORA token’s private sale was done in June 2018 with the participants of Korean investors and global funds. The private sale price of BORA token was 1BORA = 0.x $(USD) at the fixed rate. All of the tokens were sold at the same price, but through a multiple consulting and internal discussion, we’ve decided not to open the Private sale price to the public just like the other ICO projects. All investments were made with ETH(Ethereum). Considering the convenience of trading and withdrawal, we’ve decided to list BORA on a global exchange in ETH market.
2) The deal is concluded with a number of global top tier exchanges other than Coinsuper. However, there are concerns about the difficult market environment we mentioned earlier that the standard guideline of token valuation is insufficient and the current bear market condition of Global crypto-currency is drastically decreasing.
3) Nevertheless, the reason for listing at this point is that it was necessary to stabilize the initial market token price before the development of services and contents by the partners are completed, and also it is a necessary procedure to complete the tokenomics scheme for the BORA platform which will be released at the end of March. Within the first quarter of 2019, BORA will continuously be listed on a number of global exchanges.
BORA team will do our best to respond to BORA tokens to be at the right price.
2. Progress and vision
In the long-term, we will enhance the value of tokens by activating ecosystems by fulfilling the entire milestone of platform BORA, which has been faithful to the past and launching self-developed services and contents along with affiliate services and contents created by the partners. We are already working on time following the contents of the white paper and the development roadmap posted on our website. The beta version of BORA Lagoon and Block-Explorer are completed, and beta version of BORA Atoll and Island are under development.
Partnership and R&R with Kakao Games remain the same. In addition, we are preparing not just a service plan but an actual action plan for the BORA service and contents with many game developers including ENPGames, UNIT5, Neon Games, etc.
With the partners such as RS EDU(Educational Consultant), Modu-Town(Real estate specialists), InfoSeed (Grid address service developer), Wisepeer(Music streaming service), etc., we are working on plans to provide services never seen or experienced before. In addition, we have signed a business agreement for building a blockchain ecosystem with more than 30 specialist companies in various specialized fields.
Starting from the end of June, BORA’s official launch, we will reveal services via BORA and will showcase various services from the second half of this year to next year. In this regard, we are going to disclose what is going on, focusing on specific services and contents shortly.
Business and service partnership between BORA and Klaytn of GroundX have already been announced via press release. Also, technical partnership alliances are deeply discussed, and we will establish a coexistent ecosystem structure through various strategic alliances including business, service, and technology.
BORA will do its best to create outstanding results in accordance with the goals and responsibilities of the company, and we will continue to share the news through official channels.