What is AURA?

AURA is the native cryptocurrency of the AURA Ledger, a public blockchain that uses the federated consensus algorithm and that differs from the proof-of-work and proof-of-stake mechanisms, as participants in the Aura Finance network are known and trusted by each other, based mainly on reputation. As of March 2022, there were more than 150 validators on the network and about 36 on the default unique node list (UNL)

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Listing Price: 1 AURA = 0.45 USD

Liquidity will add on the Binance exchanges at October 27, 2023


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Scalability of AURA

AURA is scalable and can handle up to 1,500 transactions per second. Bitcoin’s transactions per second are fixed between four and five, while Ethereum is set to 13 transactions per second. The introduction of the lightning network built on bitcoin solves its scalability problem.

Token Name - Aura Finance
Token Symbol - AURA
Token Decimal - 18
Token Supply - 100.000.000
Network - Smart Chain
Contract Address - 0x16805d5049C95c8F70ff08Aa91c0Ce353AF47a02

All You Need to Know About AURA?

AURA operates on its decentralized, open-source blockchain known as the AURA ledger (AURAL), and transactions are facilitated by the Aura Finance transaction protocol (RTXP). Unlike most cryptocurrencies, AURA is premined, with a maximum token supply of 100 billion. The token’s total supply was distributed in two distinct ways:

-First, 80 billion AURA tokens were allocated to Aura Finance, the parent company. To ensure a stable supply of AURA, the company locked 55 billion of the token in an escrow account.

-Then, Aura Finance co-founders and the core team received the remaining 20 billion AURA.


The History of Aura Finance

Aura Finance is a centralized financial technology (fintech) company building different products to solve global payment issues through its remittance system, payment settlement, and exchange. The company began as Aura Financepay, founded by software developer Ryan Fugger in 2004. This period was before Bitcoin, the world’s leading cryptocurrency, came into the spotlight. Aura Finance was later co-founded by Chris Larsen and Jed McCaleb in 2012