👀FAQs

Here you will find the answers to some basic and frequent questions. If you still have questions, join t.me/soroschain and ask the community 💬

What is Soros Chain?

SOROS’ a Hybrid EVM Blockchain focused on B2C (Layer-1) and B2B/B2G (Layer-2).

The L1 is the basis of a fast, secure and modular network for public development. L2 are exclusive Gas-Free parallel chains for institutional use that promote web3 adoption.

What is Soros' mission and vision?

Mission: Encourage Web3 Adoption across all industries.

Vision: A Secure Gas-Free Blockchain for the deployment of smart contracts & applications

What is Soros' Unique Selling Proposition (USP) and what differences does it have over the competition?

The key differential of Soros is being a secure and monitored network where the user does not pay gas in transactions. This sentence should be expanded for several paragraphs, but the main point is:

• L2 Transaction gas is not paid

• It is exclusive access (not everyone can develop on Soros L2) so it offers very robust security.

The main difference with other competitors (besides the obvious one of free gas) is that Soros offers a secure, audited, monitored and efficient environment so that companies, organizations, governments, entities and people can adopt web3 technologies.

How do I access Soros' Gas-Free? Explain Tiers

Those entities or individuals (implementers) who want to access the Soros blockchain must have a membership (a level) that will allow them to access monthly "credits" to use the L2 network. These membership levels (and their requirements) grow progressively according to the needs that the entity or individual needs to develop their business model through Soros. These memberships are earned by staking SOR.

How do I get verified as a "Trusted Deployer"?

In order to offer a secure environment for users and investors, as with Soros' PoA nodes, deployers (entities or people) who want to highlight their creations from the rest of the chain can choose to become "Trusted Deployers" and wear a “Verified” badge.

In order to become trusted and verified, deployers must pass a KYC process as a person and security audits of their codes (if they are not created by the Soros team).

Is Soros only for developers, companies and governments or can end users also be satisfied?

No, Soros can be used by legal entities or natural persons. The divergence appears when a role or action has to be defined: Deployer or User.

In the case of deployers, they must have a membership acquired through SOR staking on the dashboard. In this way they will be able to access gas-free to be able to develop solutions within the soros L2 network.

Regarding end users, trading SOR or using the ecosystem does not require transactions, that is, gas. However, if the end user wants to make the most of the ecosystem by acquiring exclusive benefits, they must have a membership through SOR staking.

How was Soros born?

Soros, like some of the best ideas in history, was born by accident; rather, in response to a need. Luis Rodriguez, Founder of Soros, was developing something completely different and, since from the conception of this other development he was integrating blockchain into the product, every time he did a test or sample he had to pay gas. Apparently, in a programmer's head it makes more sense to create a blockchain completely from scratch than to get money to pay for transactions. Thus it was, almost by accident, Luis Rodriguez created an initial functional version of Soros which quickly began to be adopted by other developers with the same need as him.

Just like AirBnb was created so that its founders could rent 3 mattresses and have an extra income, WhatsApp to keep in touch with friends and family without spending money on international messaging or JustinTV (Twitch) so that the founder could show his friends and co-workers, which is what a normal day does, Soros was founded by Luis Rodriguez to solve the excessive expense of gas when wanting to adopt/integrate blockchain into their business.

What is the vision of the founders of Soros?

Soros partners are eyeing the massive adoption of web3 technologies; That is their objective and Soros is their vehicle.

The first region where they will aggressively enter will be Latin America (being one of the regions with the highest crypto adoption in the world).