this equal reward opportunity will get more users? 4.As a pioneer, Borabora has been successfully deployed on the BNB Chain. What are the plans and roadmap for deploying on more chains? What are the potential challenges and difficulties? 5.In today’s DeFi ecosystem, how would you use Borabora's properties to stay attractive and active? How to get existing web3.0 users to accept and join into Borabora’s ecosystem? Q&A Recap Question1: As a decentralized derivatives protocol, how to ensure the security and reliability while offering zero price impact, the lower gas fee, up to 50x leverage, and counterparty risk control? Kaji: First and foremost, Borabora has achieved nearly perfect zero price impact, up to 50x contract leverage and premium liquidity from AMM's automated market maker. We aim to provide our users with a nice trading experience and a decent return on investment, which is not in conflict with the platform's safety and dependability. It absolutely requires strong technical abilities, attractive marketing strategies, devoted user communities, trustworthy partners, and an innovative team spirit! Since Bora's birth in 2021, we have immediately submitted our smart contracts to Certik and Eocene to pass the security audits, ensured that there are no security breaches or data threats. And that's not all - other cyber security, physical security, operational security and application security are also involved. Of course, users might still be worried about security issues since, let's face it, even some of the biggest platforms have been lost or stolen occasionally. In response to the possibility of this improbable event, Borabora is actually the independently DEX platform developed by Tritium Research, which has already collaborated closely with many mainstream platforms and project partners in web3.0. No matter in liquid or fixed assets, Bora has sufficient reserves to support both the platform's current operating conditions and contingencies. Furthermore, Bora has implemented security measures including distributing assets among several wallets, so there's no reason to be concerned in any way. Furthermore, all transactions on Borabora are transparent on the blockchain. The price oracle mechanism of Borabora combines centralized exchanges and Chainlink's price data, incorporating references from Keep Nodes, Node Monitor, and so on to ensure the security, accuracy, and timeliness of price, and control the malicious fluctuations. In addition, users' trading strategies are flexible and changeable, but we can ensure the safety of naked positions through sufficient liquidity, and still offer friendly trading experience. Question2: How to offer optimal trading cost for traders on Borabora? How do you see the role of Borabora in shaping the future of Web3.0? Kaji: Since Bora's birth in 2021, we have successively optimized many important aspects such as slippage, trading cost, LP incentive allocation, NFT holders incentive allocation, and the economic model of the future platform token. This is actually a relatively long process. At the beginning, excluding the trading fees, it costs $2 worth BNB to open a position, it’s too pricey. So we successively cut off the execution fees, insurance fees and so on, and now it only costs $0.6 worth BNB in total to open and close a position. There is no trading fee for opening a position but 0.2% for closing, traders frequently do not have to pay funding fee because of the sufficient liquidity, and we can still guarantee that the liquidation price of the position is better than most centralized and decentralized exchanges. Today’s fee structure makes the entire trading process on Borabora very transparent: there are only trading fees, funding fees, execution fees and liquidation fees. At the same time, we have decentralized the key components of centralized exchanges, allowing users to trade even with zero funding rates and zero price impact, thus giving users greater financial autonomy. In addition, liquidity providers only need to inject liquidity with one click to obtain the customer loss income of multiple trading pairs, and Bora's AMM automatic market maker and price feeding mechanism will also control the risk of malicious price manipulation, so as to Ensure a sufficiently secure, stable, and transparent trading environment for liquidity providers and traders. Question3: How do liquidity providers earn profits from BFLP token and share the protocol revenue on Borabora? Do you think this equal reward opportunity will get more users? Kaji: Liquidity provider is another way to earn income besides trading. Everyone can become a LP to earn income without permission. Opportunities are equal and free, but the amount of the income depends on the actual proportion of liquidity they provide. Borabora distributes BFLP will be minted as proof of providing liquidity when provided, and destroyed when sold. After purchasing LP tokens, users often stake BFLP to share 50% of revenue dividend and other token rewards. BFLP's profits come from all traders' customer losses, funding rates, liquidation fees, token rewards, and 50% of the platform's handling fees. Considering the demand for cross-chain functionality, we also plan to release a new multi-chain liquidity aggregation model by the end of the year to support cross-chain asset aggregation liquidity and increase LP protocol revenue. Question4: As a pioneer, Borabora has been successfully deployed on the BNB Chain. What are the plans and roadmap for deploying on more chains? What are the potential challenges and difficulties? Kaji: The most important reason why we choose the BNB chain is that we think Binance users are very dynamic and more representative of DeFi. This is the key feature Bora wanted. Therefore, we chose to build the Bora DEX on the BNB Chain since we founded in 2021. By now, we have updated 4 versions without cross-chain but focusing on the needs of BNB Chain users. The major advantages of the BNB Chain are its efficiency and lower transaction costs, allowing Bora to compete with popular DEXs on other chains, such as GMX (ARB) Avalanche (AVAX) on Arbitrum, Gains Network (GNS) on Polygon (MATIC). These platforms serve as both our goals and competitors. While Layer 2 solutions have attracted significant organizations and individuals, the BNB Chain still maintains a leading position in terms of higher TVL and a larger user base. Bora intends to solidify its services on the BNB Chain, verifying efficient and secure trading environments and experiences before considering cross-chain integration with Layer 2 solutions and exploring further possibilities. This is part of our plan, and we expect to prioritize it alongside the launch of our platform token by the end of the year. Additionally, we will carefully listen to the opinions of the community and consider their feedback regarding the introduction of more trading pairs, the creation of a permissionless derivatives market, other exciting features, enhanced security measures and so on. For example, in previous versions, we launched European-style at-the-money straddle options, which are traditional and classic derivatives. We have also issued NFT dividend mechanisms, Bora NFTs holders received weekly dividends based on their NFT level, we later redirected this dividend pool to LP to supply more LP income. Question5: In today’s DeFi ecosystem, how would you use Borabora's properties to stay attractive and active? How to get existing web3.0 users to accept and join into Borabora’s ecosystem? Kaji: We have recently launched a new version and new gameplay this month, and listed $exbora, which serves as an incentive token on Borabora. It can be obtained after every position closing, and swapped at a fixed price of 0.5 USDT at any time. As we all know, it moves one block every three seconds. On Borabora, each block comes with $exbora token reward. $exbora is Bora's incentive token. The price is fixed and can be swapped on the official web at any time. When no one is closing the position, the $exbora in these blocks will accumulate until it is detonated by the latest closing order. This order can take away the rewards in all previous blocks. In other words, if you close your position at the right time, the rewards you get can cover the gas fee, trading fee and customer losses of your order, or even more. There are a total of 28,800 blocks with rewards every day. When you're relaxed, You check the real-time blocks accumulated and close a position to grab bomb reward. The blocks keep moving, and the rewards keep coming. There were various rewards in previous versions, but what remains constant is the essence of trading, Borabora is taking every step steadily. As of now, Bora has thousands of trading users and Bora NFT holders on the BNB Chain, with tens of millions of trading volume. This number is still increasing. Welcome to leave a message after the meeting for anything you are interested, let's make progress together. 来源：金色财经lg...
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