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About Aurora DAO

Aurora DAO (AURA) is a collection of Ethereum applications that create a decentralized treasury and finance platform. Aurora provides an advanced, open, and stable financial network that is available worldwide for customers. The Aurora platform aims to recreate and improve the existing financial ecosystem in a decentralized fashion. Its stablecoin, the Boreal, is backed by debt and retailer endorsement and is made available to customers via loan. Traders on IDEX can utilize the Boreal as the payment for trading fees or as base currency. IDEX is the network's decentralized smart contract exchange.

As per the whitepaper, the two significant components of Aurora are:

AURA is the native utility token of the Aurora network that aligns the interests of Aurora users and operators. AURA operates on a proof-of-stake (PoS) consensus mechanism. Aurora's revenue is used to compensate those who stake their AURA and provide security for the Aurora network. Staking the AURA token improves the health of the network. Aurora network also has DVIP as a membership token.

Alex Wearn founded the Aurora DAO in 2017. AlexWearn is an expert at leading in designing and delivering software products. He has managed a wide range of operations, marketing, and sales analytics products for Amazon, Adobe, and IBM. Alex is a graduate of the Kellogg MMM program, a dual MBA in Finance and Operations, and an MS in Design and Innovation.

As per the official medium post on IDEX created by Alex Wearn, Aurora DAO has been rebranded as IDEX since May 2018. ICO of AURA tokens started December 11, 2017. DVIP comes with 50,000 AURA tokens per DVIP. ICO ended January 11, 2017. AURA has a total supply of 1,000,000,000 tokens.

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Canada News about Aurora DAO

BeInCrypto • May 15, 24

State of Wisconsin Buys Bitcoin ETF Following Financial Giants

The State of Wisconsin Investment Board has strategically invested $99 million in BlackRock's iShares Bitcoin Trust, highlighting the growing institutional interest in cryptocurrency ETFs.The post State of Wisconsin Buys Bitcoin ETF Following Financial Giants appeared first on BeInCrypto.

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The Block • May 15, 24

Crypto game ‘Guild of Guardians’ launching on Apple and Android devices with $1 million in prizes

"Guild of Guardians" has over 1 million pre-registered players and will be available around the world on mobile devices.

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BeInCrypto • May 15, 24

Vitalik Buterin, Peter Thiel Invest $70 Million in Predictions Market Platform

Vitalik Buterin and Peter Thiel's $70 million investment in Polymarket highlights its growing influence in predictive markets on cultural and political events.The post Vitalik Buterin, Peter Thiel Invest $70 Million in Predictions Market Platform appeared first on BeInCrypto.

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BeInCrypto • May 15, 24

Floki Inu (FLOKI) Plans to Burn 15.2 Billion Tokens

Floki Inu's decision to burn 15.2 billion tokens aims to boost project management and increase market value, propelling an 11% price surge.The post Floki Inu (FLOKI) Plans to Burn 15.2 Billion Tokens appeared first on BeInCrypto.

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BeInCrypto • May 15, 24

Investors Buy 70,000 Bitcoin (BTC) Ahead of US Inflation Report

Following a massive sell-off, long-term Bitcoin holders are now buying 70,000 BTC, viewing it as a reliable reserve amidst US economic uncertainties.The post Investors Buy 70,000 Bitcoin (BTC) Ahead of US Inflation Report appeared first on BeInCrypto.

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CoinDesk • May 14, 24

Lido Co-Founders, Paradigm Secretly Back EigenLayer Competitor as DeFi Battle Lines Form

The popularity of new blockchain “restaking" protocols led by EigenLayer has drawn a response from the principals behind the liquid staking platform Lido, which itself burst onto the scene a couple of years ago to become the largest project in decentralized finance.

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Aurora DAO is on the rise this week.

The price of Aurora DAO has increased by 100.00% in the last hour and increased by 100.00% in the past 24 hours. Aurora DAO’s price has also risen by 100.00% in the past week.

FAQ

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What other assets are similar to Aurora DAO?

Assets that have a similar market cap to Aurora DAO include Ethereum, Tether, BNB, and many others. To see a full list, see our comparable market cap assets.

Can I buy Aurora DAO on Coinbase?

Yes, Aurora DAO is currently available on Coinbase wallet. For more detailed instructions, check out our helpful how to buy Aurora DAO guide.