As part of a strategic roadmap leading to expansion into the EVM chain, Gora Network, the Defi Risk Oracle, and provider of secure and reliable oracle solutions for the blockchain industry, is celebrating a significant milestone – the launch of its native token, $GORA, on the ERC-20 standard. This strategic move strengthens Gora’s position as a leading oracle provider, extending its reach beyond the Algorand blockchain and fostering deeper integration with the Ethereum Virtual Machine (EVM) ecosystem.
A Legacy of Innovation on Algorand
Established in 2021, Gora Network has carved a path of success within the Algorand community. Here are some notable achievements that solidified Gora’s position:
- October 2021: Gora Network secured the top spot in Encode’s Algorand Hackathon, showcasing its innovative solutions and technical expertise.
- December 2021: The Algorand Foundation recognized Gora’s contributions by awarding them the first oracle Supagrant, acknowledging their commitment to advancing decentralized oracle technology within the Algorand ecosystem.
- June 2023: Gora Network successfully launched its native token, $GORA, and completed its initial DEX offering (IDO) phase. This milestone marked a significant step forward in Gora’s mission to democratize access to reliable data and drive innovation in decentralized finance (DeFi).
- July 5th, 2023: Gora’s mainnet deployment went live on the Algorand network, enabling real-world data integration with smart contracts.
Unlocking the Potential of $GORA on ERC-20
By launching on the ERC-20 standard, $GORA unlocks several key benefits for the Gora Network community:
- Enhanced Liquidity: The vast and diverse pool of liquidity within the EVM ecosystem becomes readily accessible to $GORA, facilitating easier trading and a more efficient market.
- Seamless Integration: Developers can now seamlessly integrate $GORA with popular DeFi applications and protocols built on the EVM. This opens doors for exciting new use cases and fosters broader adoption within the DeFi landscape.
- Increased Utility: The ERC-20 $GORA token will serve various purposes within the Gora Network ecosystem, including staking, participation in governance, and potentially future fee payments.
Building a More Connected Future for DeFi
“The launch of $GORA on ERC-20 marks a pivotal moment in our journey,” said Abdul Osman, Founder at Gora Network. “By expanding our reach to the EVM ecosystem, we empower users with greater accessibility to our secure oracle solutions and drive wider adoption. This aligns with our vision of building a more connected and efficient future for DeFi.”
$GORA will be available for trading and liquidity provision on Uniswap and other leading DEXs. Gora Network is also exploring partnerships within the Ethereum ecosystem to further boost $GORA’s utility and adoption.
Celebrate the $GORA on ERC-20 launch and stay updated by following Gora Network on social media and participating in upcoming events. Regular updates will be provided as documentation on $GORA’s development on Ethereum.
About Gora Network
Gora Network is a next-generation oracle network designed to provide secure and reliable data feeds for blockchain applications. Initially built on the Algorand blockchain, Gora offers a fast, scalable, and cost-effective solution for developers building dApps across various industries. With the launch of the ERC-20 $GORA token, Gora Network demonstrates its commitment to interoperability and fostering innovation within the broader Web3 space.
Follow Gora Network on Social Media:
- Twitter: https://twitter.com/GoraNetwork]
- Telegram: https://t.me/GoraNetwork
- Discord: https://discord.com/invite/Pe8rwyPvKp
- Website: www.gora.io
Contact:
Gora Network Team
Email: communications@gora.io
Disclaimer
The information provided in this article regarding the Gora Network is for informational purposes only and does not constitute financial advice. Gora Network does not endorse or recommend any specific investment decisions and reminds readers to conduct their research before taking any financial actions.
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