In March of 2023, Binance, one of the world’s largest cryptocurrency exchanges, listed a new coin called “Aurora”. This new coin has generated a lot of buzz in the crypto community, with many investors and traders curious about its potential.
Aurora is a decentralized finance (DeFi) token built on the Ethereum blockchain. Its main goal is to offer a comprehensive and easy-to-use platform for decentralized exchanges, lending and borrowing, and other DeFi applications.
One of the main features of Aurora is its scalability. The platform is designed to handle a large volume of transactions, making it possible for users to trade and lend at high speeds without experiencing congestion on the network. This is achieved through the use of innovative technologies such as sharding, which allows the network to split into smaller, more manageable parts.
Another key feature of Aurora is its user-friendly interface. The platform is designed to be accessible to all users, regardless of their technical expertise. This means that even those who are new to DeFi can quickly get up to speed and start trading and lending with ease.
One of the most exciting aspects of Aurora is its potential for growth. The DeFi space is still in its early stages, and there is a lot of room for innovation and new entrants. Aurora aims to carve out a niche for itself by offering a comprehensive platform that addresses the needs of both experienced and novice traders.
Of course, as with any new cryptocurrency, there are risks involved in investing in Aurora. The crypto market is notoriously volatile, and the value of any given coin can fluctuate wildly from day to day. It is important to do your own research and carefully consider the potential risks and rewards before investing in any cryptocurrency.
Overall, Aurora is an exciting new addition to the world of DeFi. With its scalable and user-friendly platform, it has the potential to attract a large user base and carve out a significant share of the DeFi market. As with any new coin, there are risks involved, but for those who are willing to take the plunge, Aurora could be a promising investment opportunity.
Aurora (AURORA)
Aurora is a decentralized finance (DeFi) token built on the Ethereum blockchain. It was created to provide a platform for decentralized exchanges, lending, and other DeFi applications. Aurora aims to address some of the scalability issues that are often associated with Ethereum by utilizing innovative technologies such as sharding.
One of the unique features of Aurora is its “smart contract pipeline” technology. This technology allows for the seamless execution of smart contracts, which are self-executing contracts with the terms of the agreement directly written into code. Smart contracts are a fundamental building block of many DeFi applications.
Aurora also offers a user-friendly interface that is designed to be accessible to both novice and experienced users. The platform offers a wide range of tools and features, including decentralized exchanges, a lending platform, and a staking system.
As with any cryptocurrency, the price of Aurora is subject to fluctuations based on market conditions and investor sentiment. It’s important to note that the cryptocurrency market is highly volatile, and investing in any cryptocurrency involves risk.
It’s always a good idea to do your own research and seek advice from a financial professional before making any investment decisions.
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What Is Aurora?
Aurora is a product that helps Ethereum users and dApps to easily move to the NEAR blockchain. It allows users to do two distinct things: upload and interact with Solidity smart contracts on NEAR blockchain and move assets (including ERC-20 tokens) between Ethereum, NEAR and Aurora via the Rainbow Bridge..
Aurora’s base token is ETH to deliver the best user experience and familiar tooling for developers.
AURORA token is a governance token to ensure proper upgrades to the protocol. Aurora is governed by AuroraDAO which includes representatives from different ecosystems and sectors of the blockchain industry.
What is AURORA Token Supply and Allocation?
Max Supply is fixed to 1,000,000,000 tokens (one billion $AURORA). AURORA Token Generation Event is November 18, 2021.
Unlocked tokens: * 1% of total supply is allocated for IDO, deployment of pools on AMMs, market making, early partnerships; * 1% is allocated to Aurora Labs to be used as incentives for project advisors; * 48% is kept on AuroraDAO balance for future projects; * 20% is kept in the community treasury; * 3% is allocated to Aurora Labs to be distributed linearly evenly to the delegators of Aurora validator on NEAR.
Locked tokens: * 16% Aurora Labs long term incentives (may also be subject to vesting scheme); * 2% to early Aurora contributors (may also be subject to vesting scheme); * 9% Aurora Labs private round investors.
The locked tokens are subjected to the unlocking scheme: 2 year unlocking scheme with linear unlock every 3 months and 6 months cliff starting the token launch date (25% unlocked after 6 months, then additional 12.5% after 9, 12, 15, 18, 21 and 24 months).
Who Are the Team of Aurora?
Aurora Labs CEO is Dr. Alex Shevchenko, Ph.D. in physics and math, entrepreneur, blockchain enthusiast since 2015, developer of Bitfury’s Exonum and a strong believer of blockchain scalability solutions.
Aurora Labs CTO is Arto Bendiken, autodidact, cypherpunk, entrepreneur, and prolific open-source author with 20+ years of professional software engineering experience working with organizations such as the European Space Agency (ESA) and the U.S. Navy’s Space and Naval Warfare Systems Command (SPAWAR).
Aurora Labs Head of Security & Infrastructure is Frank Braun, Ph.D. in computer science with 20+ years experience in building complex software systems. Worked on scientific software, encrypted messaging systems, and digital currencies.
Aurora Labs Engine Team Lead is Joshua J. Bouw, who has over 10 years of experience at the intersection of crypto-economic design, software development, and open-source ecosystem creation. Heralded as ‘The Godfather of Proof of Stake’ for his early role in the development of Proof of Stake Consensus Mechanisms.
Aurora Labs Bridge Team Lead is Kirill Abramov, software engineer with over 6 years of experience in the development of high-performance software. Passionate about Blockchain space and has a rich experience developing custom blockchains, implementing apps for HW and building cross-chain solutions.
The live Aurora price today is $0.191628 USD with a 24-hour trading volume of $525,609 USD. Aurora is up 2.42% in the last 24 hours. The current CoinMarketCap ranking is #511, with a live market cap of $32,457,928 USD. It has a circulating supply of 169,379,800 AURORA coins and a max. supply of 1,000,000,000 AURORA coins.
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