• In May, the BORA 3.0 Mainnet Update is scheduled for launch
• Withdrawal of Existing Inflation Plan and Transition to Deflationary Tokenomics with Gas Fee Burning Mechanism Announced

SINGAPORE, April 29, 2024 /PRNewswire/ — METABORA SINGAPORE (Representative Gyehan Song) announced its plan to update BORA 3.0 mainnet and released a whitepaper on the BORA PORTAL on the April 29th.

Following the decision made at the 5th BORA Governance Council (GC) General Assembly held in Pangyo, Seongnam City, Gyeonggi Province on the 25th to update BORA 3.0, an evolved version of BORA’s services and ecosystem will be unveiled at the end of May.

BORA 3.0 includes enhancements to the existing BORA token utility to align with the global release, user expansion of the onboarding line-up, scheduled for the second half of 2024, improvements to accelerate the expansion of the BORA ecosystem.

The existing dual-token structure, comprising tBORA and bGAS, will be unified and converted into the BORA Mainnet token. Additionally, to activate the BORA chain, a token gas fee policy will be implemented. However, gas fees will be determined dynamically based on chain traffic conditions.

Moreover, BORA tokenomics will undergo significant revamping. In BORA 3.0, the previously proposed inflation plan is to be revised, and a “Dynamic Token Burning Model” that burns a certain percentage of BORA paid as gas fees on the BORA Mainnet will be implemented instead. The initial burning rate of the gas fee burning mechanism has been set at 50% through the approval process of the GC. Through this, BORA is ultimately set to transition into a deflationary tokenomics model.

Furthermore, to expand the BORA ecosystem into the sports and entertainment content areas in the global market, new onboarding contents will be introduced sequentially. These include a global IP-based baseball simulation game and “Birdie Squad 2024,” which adds live KLPGA broadcasting functionality.

Lim Young-Jun, CBO of METABORA SINGAPORE, stated, “We have undertaken extensive improvement efforts in various aspects such as tokenomics, token structure, and portal systems to enable BORA 2.0 to evolve into a more advanced service,”. He added, “In 2024, along with BORA 3.0, we will evolve the BORA ecosystem through the onboarding of various entertainment contents such as games and sports.”

Meanwhile, METABORA SINGAPORE is expanding cross-chains with various global platforms such as Polygon, Near Protocol, Ethereum, and Binance Chain to expand the global ecosystem of BORA and is preparing for a variety of content services beyond games.

Detailed information about BORA 3.0 Mainnet update is available on the BORA Portal website.

APPENDIX

BORA PORTAL URL: https://boraportal.com/

Contact Points at METABORA for Press Release

Kelly Lee, Deputy Manager / [email protected]

Allen Ha, Manager / [email protected]

About METABORA SINGAPORE

As a subsidiary of METABORA, a casual and blockchain game developer, and a developer of blockchain platform BORA, METABORA SINGAPORE is servicing user-friendly blockchain-based games and entertainment contents based on a myriad of experiences in development and service.

BORA Platform is associated with various partners across the industries capable of bringing a shift and advance in tokenomics, content and blockchain technology, and covers a range of contents from game to entertainment to guild DAO through an aggressive eco fund investment and partnership. Also, it is developing services optimized to GameFi such as NFT trading, token exchange and DeFi by running BORA Portal.

BORA is a national game/entertainment token with a high liquidity in the market and reinforcing the accessibility of users and services abroad by increasing the listing on global cryptocurrency exchanges and expanding partnership.

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SAN ANTONIO, Chile, April 29, 2024 /PRNewswire/ — The informative event organized by Empresa Portuaria San Antonio in Madrid, to present technical aspects and the main construction works of Puerto Exterior, the most important port project in the history of Chile, with two terminals of 1,730 meters each and 8 berthing sites, will have a cargo transfer capacity of 6,000,000 TEU, that is, over 60 million tons per year, engendered a successful gathering of companies specialized in port construction, dredging and development of mega infrastructures.

The meeting took in the context of the International Call of Expression of Interest for the Construction of Breakwater and Complementary Works for Puerto Exterior, launched on April 2, and was attended by Chile’s Minister of Transportation and Telecommunications, Juan Carlos Muñoz; the Chilean Ambassador to Spain, Javier Velasco; Spanish port authorities, international banks and executives of engineering and construction companies from several countries.

The General Manager of Empresa Portuaria San Antonio, Ramón Castañeda, and Minister Juan Carlos Muñoz led the event, which gathered over 70 executives from Spain, France, the Netherlands, Denmark, and Belgium, who learned about the project’s characteristics, its main construction works and associated deadlines, and also met with representatives of the Chilean state-owned company to clarify doubts.

Mr. Castañeda explained that this milestone “is significant considering that national and international companies that we have invited to State their Interest have extensive experience in construction methods. We have a project with very advanced detailed engineering; however, it is relevant in a project of this magnitude, to be able to exchange with experts regarding the best alternatives for the execution of our project”.

The Minister stated that “it is remarkable to see the number of companies that participated in the presentation of Puerto Exterior San Antonio, as well as the presence of international banks and organizations which finance these types of projects. This is a good starting point in the context of the call for Expression of Interest for the Outer Harbor project, which is the most important port infrastructure project we have had in Chile in a century”.

The International Call of Expression of Interest for the Construction of Breakwater and Complementary Works for Puerto Exterior corresponds to the invitation made by Empresa Portuaria de San Antonio to national and international companies interested in executing the enabling works of the Outer Harbor, as well as the shelter quay, dredging of the dock and access works and common support areas of the new port mega terminal. This set of works will have an estimated cost of USD 1,500 million, financed by the state-owned company.

Concessionary companies will develop the two terminals with an estimated investment of USD 2.5 million. In total, the approximate investment is USD 4,000 million.

Puerto Exterior will have the capacity of receiving state-of-the-art 400 meters container vessels and is expected to start operations in the year 2036.

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BANGKOK, April 29, 2024 /PRNewswire/ — COCA, the world’s first MPC wallet with a non-custodial debit card, announced the launch of COCA Points System at Money20/20 Asia, following its acceptance into the Money20/20 Startups’ Hangout program.

This dynamic rewards program is designed to significantly enhance user engagement and loyalty within the COCA ecosystem.

The first season of the COCA Points System brings exciting opportunities for users to earn rewards through various activities:

–  Interactive Engagement on Social Media: Join the COCA community on social media platforms, participate in discussions, and stay updated with the latest news to earn points.

–  Rewards for Using the COCA App and Card: Every interaction within the app, including asset swaps and transactions, earns points. Additionally, using the COCA card for transactions rewards users with points.

–  Content Creation and Sharing: Share your creativity by creating content about COCA. Your efforts not only enhance community engagement but also earn you points.

–  Referral Program: Invite friends to join the COCA ecosystem and accumulate points through the referral program.

It offers users the chance to earn significant rewards, with a total of 3500 USDT in rewards distributed among the top 50 participants based on leaderboard standings over a 30-day period.

Mila Kryvko, COCA’s CMO, emphasized the significance of the new points system: “Introducing COCA Points is a transformative step for our platform, enhancing how rewards integrate seamlessly into users’ daily crypto activities and fostering a deeper connection with our services. This new feature is expected to significantly boost user activity and retention, as it ties rewards directly to the everyday actions that cryptocurrency users are already taking on the platform.”

COCA’s announcement at Money20/20 reflects its commitment to innovation and customer satisfaction. With a growing user base and a strong presence in the market, COCA is poised to lead the next generation of crypto services.

Notes to editors: 

About COCA Wallet 

COCA is the world’s first wallet with non-custodial debit card that leverages Multi-Party Computation (MPC) cryptography to ensure that your funds are safe from common risks associated with seed phrases and private keys, setting a new standard for security in the industry. With its non-custodial debit and virtual card, you can seamlessly spend your stablecoins and cryptocurrencies at over 40 million merchants across 200+ countries, all while maintaining complete control over your funds with zero third-party risks. COCA Wallet guarantees the best rates through our advanced routing engine, which scans and compares prices across 17 onramps and 182 local payment methods, ensuring optimal trading and conversion experiences. 

https://www.coca.xyz/ 

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View original content:https://www.prnewswire.co.uk/news-releases/coca-announces-the-launch-of-points-system-at-money2020-asia-302129880.html