Aurora (AUR)

14 Articles 2 Followers

The Aurora (AUR) project is building a decentralized crypto bank and financial platform. Launched in 2018 by Aurora Labs, the project has close ties with the IDEX decentralized exchange. IDEX founders Alex and Phil Wearn envisioned Aurora as being a suite of apps and protocols built on top of the decentralized exchange, with the intention of the platform becoming a one-stop shop for distributed banking and financial services. 

Three tokens feature on the Aurora platform: AOA, IDXM and a stablecoin called the Boreal. Much of the services provided by IDEX are fueled by these tokens.

Like all decentralized exchanges, IDEX provides non-custodial options for users’ funds. The AURA token comes into play as an exchange token, a marked trend of 2019. The token acts as an incentive to create a fully decentralized financial network, with AURA token holders who have staked their tokens earning a portion of the fees generated by the IDEX and other Aurora products. 

The Boreal token is a stablecoin that is not backed by fiat currency reserves, as many stablecoins are. Instead, the Boreal stablecoin is “backed by a combination of Ether reserves, demand for loan repayment, and retailer endorsement.” Like other exchange tokens, traders who use the Boreal token on IDEX receive discounts. The IDXM token gives holders free trades on IDEX until 2021.

These tokens are closely tied to the operations of the exchange, and much of the team’s development efforts have been focused on the development of IDEX. However, it is known that there are 3 major updates arriving in 2019 and the early months of 2020. The team is expected to release the production version of the Boreal token in Q3 2019, as well as deploy the chain child feature. Q1 2020 will bring margin trading support.

PipeFlare Expansion On Aurora and More Crypto Opportunities

31 Oct 2023 2 minute read 9 comments PVM

PipeFlare is the largest casual play-to-earn gaming platform, and a top place to earn some crypto. There are currently has 16 play-to-earn games on PipeFlare, with a target of 30 by the end of the year. Yes... it's the home of PunkzHero and the ZEC f...

Aurora+: Welcome to the Gasless blockchain!

20 Apr 2023 2 minute read 6 comments SamBTC

Before I share details about the project I want to clarify right at the start that the gases transactions on Aurora are limited to 50 transactions a month so it is not unlimited but considering that most of us will not do more than than on a new bloc...

My Layer-1 Portfolio - Part #2: Near Protocol (NEAR)

30 Jan 2023 1 minute read 0 comments Cryptofab

Although I like Ethereum (ETH) and all its layer-2s, I usually prefer to use real layer-1s since I do not want to depend only on Ethereum (we never know...). Last time I wrote an article on Avalanche (AVAX), which is one of the most decentralized lay...

Aurora — EVM on the NEAR Protocol blockchain

25 Oct 2022 1 minute read 0 comments Dspyt

The NEAR Protocol created Aurora, an Ethereum Virtual Machine. The technology delivers a turn-key solution for developers to operate their apps on an Ethereum-compatible, high-throughput, scalable and future-safe platform, with low transaction costs...

The Complete Guide to Blockchain Bridges: Near Protocol and the Rainbow Bridge

28 Sep 2022 4 minute read 1 comment Michael @ CryptoEQ

If you want more cryptocurrency analysis, including full-length research reports, trading signals, and social media sentiment analysis, use the code "Publish0x" when subscribing to to make your first month of CryptoEQ just $10! Or simply...

Aurora x Satoshi Club AMA Recap from the 9th of June

12 Jul 2022 16 minute read 0 comments Satoshi Club

Hello, Satoshi clubbers Another AMA took place in Satoshi Club and we would like to introduce to you the AMA session with our friends from Aurora and our guest was . The AMA took place on the 9th of June. The AMA session was divided into 3 parts with...

Bridging to Aurora, Near's Layer 2 solution

9 Jan 2022 1 minute read 0 comments Hilteezy

The Near ecosystem is popping off and it would be prudent to learn how and to act on that knowledge when it comes to bridging/rotating your crypto. Near has its own blockchain and has created a layer 2 solution for its chain, called Aurora. It should...

Aurixexchange I Fast Trading, De-Fi Cashback, Topnotch Applications

20 Feb 2021 3 minute read 0 comments JaksHitam

The Aurix exchange is a first rate exchange where crypto fans can buy brilliant cryptographic types of cash and modernized chips. Aurix was set up by Majed Mohsen (CEO). The stage is proposed to ensure secure, safe, and self-administering trades. Wit...

The price of Aurora for several hours rose by 482%

14 Jul 2020 1 minute read 0 comments Kluma

Cryptocurrency trading volumes increased 39 times, to $ 78 million. The coin entered the top 80 digital money by capitalizationOn July 12, the cost of Aurora for several hours rose by 482%, to a maximum of 2020 at $ 0.0227. After that, the asset pric...

11 Things That Would Happen if Every Government or Nation Established Their Own National Crypocurrencies

21 Jan 2020 4 minute read 1 comment cholaBature

Before that. What is a Cryptocurrency? A cryptocurrency is a digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of a...