MT
Makoto Takemiya is CEO of SORAMITSU, a company building the SORA ecosystem for the economy of things on Substrate Polkadot technology.
The ecosystem includes governance through Polkaswap and the XSTUSD stablecoin.
1Interview
2022First on the show
Feb 2022Latest appearance
18 minOn camera
17:46
Latest interview · Feb 13, 2022Makoto Takemiya on SORAMITSU's economy of things ecosystemWatch the episode →
Key points
- Polkadot and Kusama solve blockchain scalability by enabling specialized networks to coordinate and share assets rather than relying on single networks.
- SORA aims to build a decentralized economic system using Richard Werner's quantity theory of credit to allocate tokens for productive economic uses.
- Polkaswap serves as a decentralized exchange for Substrate-based tokens with approximately 30 million TVL before parachain operability.
- XSTUSD is a synthetic stablecoin requiring token burns for minting without protocol fees, only charging liquidity provider fees.
- SORAMITSU secured a Kusama parachain slot to enable interoperability between substrate chains and facilitate cross-chain token swaps.
In their own words
“Only the third, creating new money for production, expands the economic pie.”
“XSTUSD removes those extra costs, and because it's integrated into Polkaswap you don't even have to think about it when trading.”
