How to buy
5 steps to buy on BYDFi
Open BYDFi account for free
Sign up for BYDFi with your email/mobile number and create a strong password to protect your account
Keep your account safe
Enable Google Authentication (2FA), set anti-phishing code, and trading password to add an extra layer of protection to your account.
Verify account
Enter your personal information and upload a photo of your valid ID cardVerify your personal identity
Add payment method
Once your BYDFi account is verified, add credit/debit card or bank account
Buy
There are various payment methods available to purchase BORA on BYDFi. We'll guide you through it
Choose how to purchase BORA on BYDFi
Buying coins on BYDFi is easy and convenient. Explore different ways to buy
- 1
Buy with credit/debit card
This is the easiest way for new users to buy (BORA). Connect your credit/debit card to your account, enter the amount, and wait for the transaction to complete
- 2
Buy through third-party channels
BYDFi supports a variety of leading third-party payment services. Visit ourThird-party payment pageCheck out the payment methods available in your area
- 3
Buy on BYDFi's Spot market
BYDFi's Spot market offers 500+ Coin pairs, making it the most popular buying platform. Buying methods are as follows:1. Buy stablecoins through BYDFi, third-party Coin buying channels. Additionally, you can transfer crypto assets from other wallets or exchanges to the BYDFi platform. Please make sure to choose the correct blockchain network, once you deposit your funds to the wrong address it cannot be reversed.2. Transfer your crypto to BYDFi account. Find the trading pair you want to trade on BYDFi's spot market. Place an order to exchange your currency to
Note: BYDFi offers a variety of order types to buy in the spot market, such as market orders to buy immediately and limit orders to buy at a specific price. For more information about BYDFi order types, click here3. After a successful trade, you can view the available in your account
How to store ?
The best way to store will vary depending on your needs and preferences. Check out the pros and cons to find the best way to store
Store BORA in your BYDFi account
Storing assets on BYDFi will give you quick access to trading products such as spot and contract trading, savings, lending, and more. BYDFi acts as the custodian of your crypto assets, saving you the hassle of keeping your private keys. Make sure to set strong passwords and upgrade your security settings to prevent malicious actions from accessing your assets
Deposit your BORA to the wallet
「No key, can't withdraw」If security is your biggest concern, you can withdraw to a decentralized wallet, so you can easily manage your key. You can use any type of wallet, including smart wallets, Web3 wallets or paper wallets. Note that this option may not be convenient if you want to frequently trade or use your assets. Be sure to store your private key in a secure location as loss of the key could result in the permanent loss of .
How you can use with BYDFi
Hold
Store in your BYDFi account.
Trade
Trade in spot and futures markets.
Why is BYDFi the best platform to buy ?
Safe and reliable
Millions of global crypto users trust us. Our multi-tier & multi-cluster system architecture and insurance fund protect your account.
High liquidity
BYDFi has highly liquid buy and sell orders for all listed cryptocurrencies, providing a liquid trading experience with tight spreads
Gem cryptocurrency platform
Supporting over 500 cryptocurrencies, BYDFi is the best platform to find your next Gem. You can buy BORA on BYDFi and use it to exchange other crypto assets.
Friendly interface
Thanks to its simple interface and superior technology, buying on BYDFi is quick and convenient. Buy Coin on BYDFi to receive BORA
Trade
Answers
What is Bora (BORA)?
Bora is a decentralized ecosystem for games and entertainment. It aims to attract games and applications from the GameFi sector to its Bora Chain, avoiding high gas fees on blockchains like Ethereum. Bora follows a two-tiered blockchain system: the BORA token is traded on the Klaytn blockchain, focused on metaverse and gaming use cases. The Bora chain is a modular blockchain that can be used as an execution layer by decentralized applications.
The Bora team provides development toolkits that support developers in creating decentralized applications for its ecosystem. It also utilizes Bora Points, a currency within the ecosystem, as a resource for development and to incentivize contribution to Bora. Bora Points can subsequently be converted to the BORA token.
Who are the founders of Bora?
Bora was launched by a Korean team of blockchain and mobile development experts. CEO Gyehan Song is an experienced game developer with over 20 years in the field and experience at Samsung Electronics. The company's CSO Key Yune also has 20 years of experience with developing online desktop and mobile games. CTO Igoo Lee is an infrastructure operations manager with experience in building the infrastructure of games like Crossfire and FIFA Online. Finally, Kyoungwook Cheon serves as the project's VP of Engineering and is a former computer engineer and founder of the Free Chal game portal in 2000.
The team has also built partnerships with more than 30 companies in the blockchain and gaming space, including ENP Games, UNIT5, Supertree, Neon Games, Emong, RS Edu, Hurray Positive, and Infoseed.
What makes Bora unique?
Bora is a blockchain with high cross-chain interoperability that works with different layers to increase security, scalability, and reliability.
For game developers, Bora is interesting because of its easy-to-navigate API and web interface and full interoperability within its ecosystem. Bora also provides developers and content creators with infrastructure to manage and retain users, such as the Bora point system that integrates with its BORA token.
The three layers of the Bora blockchain are the application layer, the service layer, and the core layer.
The core layer supports the ecosystem's infrastructure and data network, as well as the settlement of Bora points. Its code is modeled after Ethereum, and both use a proof-of-stake consensus mechanism.
The service layer houses the APIs and software development kits that integrate with content and applications built for Bora. The Bora chain explorer is located on the service layer, allowing tracking of all BORA token movements. Bora's BORA ATOLL software development kit offers developers a tool to manage and design applications for Bora.
The application layer is where end users interact. It hosts all the content for the Bora ecosystem, including the asset management platform Bora app. The app provides token exchange functions alongside access to free content applications.
This dual-layer blockchain structure offers an attractive solution to game developers who do not want to build on other blockchains. Bora's modular structure also enables developers to easily test and develop projects on its blockchain before taking them to other chains. For instance, Bora's transaction throughput at 2,200 TPS is significantly faster than that of even low-gas fee chains like BNB Chain.
How many Bora (BORA) coins are there in circulation?
BORA is the blockchain's native token with a total supply of 1.325 billion. The distribution of BORA is as follows:
- Token sale: 40%
- Reserve: 20%
- Ecosystem: 25%
- Team & Advisors: 15%
BORA can be exchanged for the blockchain's internal Bora points, which are used as a reward currency for content providers, event management, and incentivizing games. Bora Points can be exchanged without friction to the BORA token, which can then be traded on various exchanges.
BORA used to be an ERC-20 token but migrated to the Klaytn blockchain because of the latter's focus on gaming and metaverse applications.
How is the Bora network secured?
After its update to Bora 2.0, Bora migrated from a proof-of-authority to a PBFT consensus mechanism, resolving many issues faced by other consensus mechanisms like proof-of-stake or proof-of-work. Bora is theoretically infinitely expandable. If necessary, additional blockchains can be built on top of the current core layer blockchain that serves as the settlement layer for transactions on Bora. Thus, each independent side chain on Bora offers potentially 2,200 transactions per second, opening up potential further use cases in industries beyond gaming.
Where can you buy Bora (BORA)?
BORA is available on Upbit, Bithumb, and Coinone.
