Press Releases

Gora Network announces the launch of its $GORA token on Ethereum ERC-20

Array
Gora Network announces the launch of its $GORA token on Ethereum ERC-20

Zug, Switzerland, April 29th, 2024

Gora Network, the decentralized oracle solutions provider built on Algorand, is announcing the official launch of the $GORA token on the Ethereum blockchain as an ERC-20 token. This expansion marks a significant milestone for the Gora ecosystem, opening up new avenues for decentralized finance (DeFi) and expanding accessibility for users and developers.

The $GORA token has been a cornerstone of the Gora Network ecosystem, empowering users to access reliable and accurate data for their decentralized applications (dApps) on the Algorand blockchain. With the launch of $GORA on Ethereum as an ERC-20 token, users will now have the flexibility to leverage the token’s utility and benefits across multiple blockchain networks.

Abdul Osman, Founder of Gora Network, expressed his excitement about the expansion, stating, “The launch of $GORA on Ethereum ERC-20 represents a significant step forward for our project. By bridging our token to the Ethereum blockchain, we are expanding the reach and accessibility of our oracle solutions, unlocking new opportunities for developers and users in the DeFi space.”

The $GORA token will be available for trading and liquidity provision on popular decentralized exchanges (DEXs) such as Uniswap, providing users with seamless access to the token’s liquidity. Additionally, Gora Network will be exploring partnerships and collaborations within the Ethereum ecosystem to further enhance the utility and adoption of $GORA.

To celebrate the launch of $GORA on Ethereum ERC-20, Gora Network will be hosting a series of community events, including AMA sessions, and interactive discussions. Community members and stakeholders are encouraged to join the conversation on social media channels and participate in the upcoming events.

As part of its commitment to transparency and community engagement, Gora Network will provide regular updates and documentation regarding the $GORA token’s development and adoption on Ethereum. Users and developers interested in learning more about $GORA on Ethereum ERC-20 are encouraged to visit the official Gora Network website www.gora.io and follow the project’s social media channels for the latest news and updates.

About Gora Network:

Gora Network is a decentralized oracle platform that provides reliable and accurate data feeds for decentralized applications (dApps) across multiple blockchain networks. By leveraging a network of validators and data providers, Gora Network ensures the integrity and security of data transmitted to smart contracts, allowing developers to create decentralized applications that go beyond price data feeds. With a focus on scalability, interoperability, and decentralization, Gora Network is committed to advancing the adoption of blockchain technology and empowering developers to create innovative solutions.

Since its inception in autumn 2021, Gora Network has achieved several key milestones, solidifying its position as the next-generation oracle in the blockchain industry. Here are the notable achievements in Gora’s journey:

October 2021: Secured the first-place position in the Encode’s Algorand Hackathon. This victory showcased Gora’s innovative approach and technical expertise in the blockchain space, earning recognition from industry peers and experts.

December 2021: Received the first oracle Supagrant from the Algorand Foundation. This recognition underscored Gora’s contribution to the Algorand ecosystem and validated its role as a trusted provider of oracle services.

June 2023: Launched its native token, $GORA, and successfully completed its initial DEX offering (IDO) phase.

July 2023: Gora’s mainnet deployment went live on the Algorand network, enabling real-world data integration with smart contracts.

Second quarter of 2024: Expand its services to the Ethereum Virtual Machine (EVM) chain. This expansion demonstrated Gora’s commitment to interoperability and its vision of bridging different blockchain networks to facilitate seamless data transfer and decentralized applications (DApps) development.

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
Tags

Optimisus is a Web3 media company that covers the latest cryptocurrency, NFT, metaverse, blockchain, and Fintech news influencing the crypto industry.