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Aura reviews
Platform Age
3 Years
Anonymous
Decentralised

Founded 3 years ago in 2020.

Use anonymously. No KYC required.

Decentralised exchange.

Go to Aura earnings calculator

Founded 3 years ago in 2020.

Use anonymously. No KYC required.

Decentralised exchange.

Go to Aura earnings calculator

Reviewed by Yunis
18 October 2022 (Updated 30 March 2023)

Aura Crypto Platform

Pros

tick $720,042,618 USD currently invested (TVL)
tick Investments in 61 coin pairs available
tick Operating on Ethereum protocol

Cons

cross Investments in liquidity pools can be higher risk
cross Liquidity pool investments are only suitable for advanced crypto users

Aura Reviews

 

The Aura Network was founded by Hoang-Giang Tran and co-founders Yamato Tran and Steve Nguyen in 2021. Aura Network is an open-source layer-1 NFT-centric blockchain platform which focuses on chain optimization for NFT use cases. In order to comprehend the Aura Network, we should make explicit the NFT concept first. NFT stands for non-fungible token. NFT can be considered a kind of cryptocurrency which represents valuable assets. Both digital and physical assets can be bought with crypto tokens in the digital platform. NFTs are built on a smart contract compatible blockchain networks similar to Ethereum or Avalanche. Different networks such as Ethereum, BSC, Avalanche, Solana, and BNB Smart Chain have their own NFTs and NFT marketplaces. The main problem with the NFT is collaborations and transactions between these different Blockchain Ecosystems. Thus, the purpose of the Aura Network is to create an ideal network to optimize all of the NFT platforms. For the future, the Aura Network team plans to create a one-stop destination for minting, evaluating, querying, and transacting NFT, and become a guide NFT infrastructure.

Auro Network Ecosystem consists of 4 basic blocks: Insfrusturecture, Currency, Decentralized Apps and Open API. In the Insfrusturecture layer, Aura is built using Cosmos SDK which is the most popular framework for building blockchains.

In the Currency,  Aura Coin on its mainnet and Aura Token on BNB Smart Chain are governance tokens of the Aura tokenomics. Aura Coin differs from Aura Token in having wide use such as staking, governing in voting, transaction fee usage, exchange and swap. Aura also supports creating CW20 tokens.

In the Decentralized Applications (DApps) layer, Aura Network offers a great variety of applications that provide a lot of benefits to the users in the cryptocurrency world, transitioning to Web3, especially in NFT. These decentralized applications are AuraScan, Pyxis Safe, Coin98 Wallet, NFT Hub and more will come soon.

The Aura Network team states 3 main phases for their projects. Phases one and two have been accomplished. In 2023, the team aims to expand its network and innovate in NFT, metaverse, and gaming projects.

 

Aura Supported Currencies

Aura supports over 30 currencies including Wrapped Bitcoin, Lido DAO, Rocket Pool and Synthetix.

Aura Key Data

Company
Year founded 2,020
Decentralised tick Yes
Security
Know your customer cross No
Key People
Steve Nguyen
Co-Founder
Yamato Tran
Hoang-Giang Tran
Co-Founder

Useful Links

Aura Contact Details

https://aura.network/

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