Aurora Network

Aurora Chain

What is Aurora in crypto?

Aurora in crypto refers to an Ethereum-compatible network chain that has been active in the crypto scene for a while. It is an Ethereum Virtual Machine (EVM), delivering 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 for users.

Aurora removes a steep financial barrier to entry for users and developers, especially newcomers to the ecosystem as the transaction cost is several orders of magnitude cheaper than that of Ethereum.

Is Aurora a good chain?

Aurora has made its name through its NEAR protocol, maintaining an average block-time of approximately one second which is comparably faster than 13 seconds block-time of the Ethereum network.

Another strength worth mentioning is its transaction fee. The average transaction fee in the Aurora network is as little as 0.02$ per transaction. This is the main competitive advantage of the chain which is comfortable for newcomers and veterans alike.

There are also around 160 crypto projects available on the Aurora network and more are coming soon.

Does Aurora have a token?

Aurora definitely has its own governance token namely AURORA. It has a total supply of 1 billion, deployed on Ethereum ERC-20 with a fixed supply and then bridged to NEAR and AURORA using the Rainbow Bridge.

What is the price of the aurora?

The current price of the AURORA token sits at 2.01$ as the date of writing of 9 August 2022. Together with the market cap of 123,387,991 and the 24H trading volume of $3,569,481.

In the January of 2022, the price spiked highest to almost 36$ and dived to the lowest in June 2022 at 1.15$ respectively.

What is Aurora token used for?

Here are some of the AURORA token use cases as announced on the Aurora.dev official website. Please note that some of the following initiatives have not been approved yet and may or may not be implemented, as per AuroraDAO decisions:

Community Treasure: The treasury is used to fund existing projects and projects proposals $AURORA token staking Incentives for token holders to take part in voting with the allocation of $AURORA Rainbow Bridge transfers fees Rainbow Bridge fast transfers fees Aurora contract additional execution fees Aurora validator private transaction pool service Farming of locked funds in the Rainbow Bridge connectors

Where can I buy Aurora coin?

Traders can usually buy AURORA (AOA) tokens on typical crypto exchanges like Coinbase or Coinmama. However, for better advice, Arken Finance as a partner with Aurora also allows traders to trade AURORA tokens in the platform optimized on the Best Rate 3.0 engine that guarantees a fast, secure, and best rate for every transaction.

So, what do you think about Aurora Network? Let us know what you think. We wish you happy trading as always!