Dive into Aura Network’s innovative Layer 1 ecosystem driving Web3 adoption in emerging markets. Discover the protocol empowering NFT trading, smart contract interactions, and brand collaborations. Uncover the utility, governance, and circulating supply of the AURA token, setting the stage for widespread adoption and sustainable growth in the Web3 landscape.

What is Aura Network?

Aura Network stands as a high-performance Layer 1 ecosystem with inherent modularity, spearheading Web3 adoption in emerging markets. The protocol empowers users to mint, rate, track data, and trade NFTs, creating a robust platform supporting all crypto trading assets with simplicity and ease. Key highlights include:

• Direct collaboration with brands & IP owners to transition web2 portfolios to web3.
• Emphasis on enhancing user experience.
• Driving NFT adoption in real-world applications.
• Provision of open-source, scalable tools for web3 developers to expedite software development.
• Built on Cosmos SDK, the industry’s most utilized framework for blockchain construction.

Learn more about Aura Network.

Why Aura Network?

Mass Adoption

Aura Network defines ‘mass adoption’ not only in terms of scale but also in terms of Web3 having sustainable usage regardless of market cycle. To achieve this, it is critical to resolve both of the bottlenecks above. The utility needs to be intuitive and competitive with existing infrastructure, and the user onboarding process and general user experience have to be easy enough for the general public.

Built-in modularity

‘Built-in Modularity’ of the Cosmos tech stack is crucial in this context because it provides the technical flexibility necessary to optimally apply improvements in user experience. Cosmos SDK consists of modules, which implement the business logic on top of basic functionality. This means that advanced features that can implement complex functionalities or abstract difficult user experiences can be applied without a complicated upgrade, i.e. soft or hard fork, of the base layer.

Emerging Markets

Aura Network defines ‘mass adoption’ not only in terms of scale but also in terms of Web3 having sustainable usage regardless of market cycle. To achieve this, it is critical to resolve both of the bottlenecks above. The utility needs to be intuitive and competitive with existing infrastructure, and the user onboarding process and general user experience have to be easy enough for the general public.

Aura Network Tokenomics

Key metrics AURA Token

• Token Name: Aura Network
• Ticker: AURA
• Blockchain: BNB Smart Chain
• Token Standard: BEP-20
• Contract: 0x23c5D1164662758b3799103Effe19cC064d897D6
• Token Type: Utility, Governance
• Total Supply: 1,000,000,000 AURA
• Circulating Supply: 30,768,337 AURA

AURA Token Allocation

Token types

There are 2 types of native tokens in the Aura Network: the BEP-20 Aura Token on BSC and Aura native coin on Aura mainnet.

• BEP-20 Aura Token: Deployed on BSC, this IOU token allows for seamless trading and liquidity provision on popular DEXs and CEXs.
• Aura Coin: The native currency of the Aura Network chain, offering staking, governance, transaction fee payment, and exchange capabilities.

Aura Token Use Case

Aura Token will be used to:

• Project management.
• Join Staking and receive Rewards.
• Making transaction fees on the platform.
• Transactions and swaps on the market.
• Making a means of payment for utility services.

Circulating Supply

There are 2 funds that are controlled by the Aura Foundation:

• Ecosystem Growth: This fund is used for ecosystem development such as project grants, bug bounties, attracting stakeholders to provide utility services, etc.
• Foundation Reserves: It is supposed to serve as a “last resort” in the case that the network requires funds to solve a particular problem that another source of funding (e.g Community Pool) is not on the table.

These funds are excluded from the Aura Token circulating supply. There are several reasons for this.

• They cannot be staked to earn passive income rewards or governing influence.
• Their existence should not cause any impact on the network bonding rate.
• If Aura Foundation wants to use these tokens for any purpose, they must be moved out to an intermediate account and then accounted for in the network circulating supply.

Conclusion

Aura Network’s tokenomics model establishes a robust foundation for mass adoption and sustainable growth. With a dynamic token ecosystem and meticulous reserve management, Aura Network is poised to revolutionize Web3 innovation and drive widespread adoption.

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