Gora Network, the leading multichain oracle network built on Algorand, is announcing the official launch of its native token, GORA, on the Ethereum Virtual Machine (EVM) via the ERC-20 standard. This strategic expansion unlocks new possibilities for the Gora ecosystem by fostering wider user adoption and increased liquidity across the DeFi landscape.
Enhanced accessibility and interoperability
The launch of GORA in ERC-20 marks a significant milestone in the expansion strategy of Gora Network's EVM roadmap, complemented by the RociFi merger and the integration of Gora oracle on EVM networks. Developers can now explore Solidity code examples for data requests and off-chain computations in Gora, empowering them to create sophisticated dApps beyond simple price feeds.
The launch of the ERC20 comes after adding testnet support for #EVM-based protocols, and is one more step in Gora’s Multichain expansion roadmap.As Gora continues to evolve, it aims to revolutionize the space and empower developers to build the next generation of blockchain applications.
Benefits for the Gora community
With GORA now available on ERC-20, the Gora community can expect a range of advantages:
- Increased liquidity: Listing on a prominent platform like ERC-20 provides access to a broader user base, potentially leading to increased trading volume and liquidity for GORA.
- Enhanced utility: Users can now leverage GORA across a wider range of DeFi applications and services built on the EVM chain.
- Trading opportunities: By becoming an ERC-20 token, the GORA token gains access to a broader pool of liquidity on Ethereum-based decentralized exchanges (DEXs) and liquidity pools. This increased liquidity enhances the trading experience for GORA token holders, providing them with greater flexibility and efficiency in executing trades and managing their portfolios.
A stepping stone for growth
The integration of the GORA token as an ERC-20 asset underscores Gora Network's commitment to innovation and growth within the decentralized finance landscape. By embracing interoperability and expanding its presence across multiple blockchain networks, Gora Network is poised to unlock new opportunities for decentralized applications, developers, and users worldwide.
This paves the way for GORA integration into a myriad of decentralized applications (DApps) and smart contracts deployed on the Ethereum blockchain. Developers and projects within the Ethereum ecosystem will leverage the power of Gora Network's oracle solutions and decentralized data feeds, powered by the GORA token, to enhance the security, reliability, and functionality of their applications.
"The launch of GORA on ERC-20 marks a significant milestone for Gora Network, opening doors to a broader ecosystem of DeFi innovation and interoperability. This integration not only enhances accessibility but also solidifies our commitment to democratizing access to reliable data feeds across multiple blockchain platforms."
– Abdul Osman, CEO and Founder of Gora Network
The launch of GORA on ERC-20 marks a pivotal moment in Gora Network's journey. It signifies not only the expansion of its reach but also the unwavering commitment to building a future-proof oracle infrastructure for the ever-evolving DeFi landscape. By fostering interoperability, embracing innovation, and empowering developers, Gora Network is poised to play a vital role in shaping a more secure and accessible DeFi future.
Empowering developers: Unveiling new tools and resources
Gora Network remains dedicated to supporting developers in building the next generation of DeFi applications. As part of this commitment, Gora is releasing a comprehensive set of developer tools, including solidity code examples for data requests and off-chain computations. These resources will simplify the integration of Gora's oracles into dApps built on the Ethereum ecosystem, ensuring a seamless and efficient development experience.
Beyond its EVM expansion, Gora Network is actively exploring the potential of Machine Learning (ML) and Artificial Intelligence (AI) to bolster the security and reliability of its oracle solutions. By embracing AI/ML, Gora aims to push the boundaries of oracle technology and contribute to the creation of a more secure and trustworthy DeFi ecosystem.
About Gora Network
Gora Network is a multichain oracle network built on Algorand, providing secure and reliable data feeds for DeFi applications. Gora leverages innovative cryptographic techniques and a decentralized oracle network to ensure data integrity and uptime. Through its GORA token, Gora empowers its community to participate in network security, governance and benefit from its growth.
Join the Gora community
For detailed updates regarding the deployment of the GORA token on ERC-20, ( listing, DEXs, CEXs, etc ) , stay tuned to Gora's social media channels and community forums for the latest news and announcements.
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Disclaimer: The information provided in this article regarding the Gora Network GORA on ERC-20 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. All investment decisions and actions are the responsibility of the individual reader.