If you’re not aware, token migrations like this are a common occurrence in crypto and various companies have performed them in the past. This website is using a security service to protect itself from online attacks. The action you just performed triggered the security solution. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. 78% of people that have used Aurox said it helped them make educated and better trades. Analysis was done on daily data, so all moving averages, RSI, etc.., were calculated on a daily Aurox Token price chart.

  1. For first-time users, Aurox is a great platform as it provides discounts of up to 50%.
  2. They have developed sophisticated algorithms that monitor the markets 24/7 in order to provide accurate pricing information as well as timely notifications about changes in the market conditions.
  3. The reward tokens are inaccessible to us, and they’re only distributed to staking and liquidity mining contracts.
  4. Additionally, the platform offers low fees and fast transaction times which make it ideal for day traders who need quick execution of trades.
  5. A self-taught developer turned entrepreneur, Ziga has developed multiple software programs that have helped companies earn millions of dollars.

By staking or holding the Aurox Token, users access advanced functionalities and indicators that help simplify trading. Many crypto analysts are hinting towards the start of an alt-season in November. Some cryptocurrencies have already broken their all-time highs, while others are steadily increasing. This can be a great time to invest in alt-coins, which also include the URUS token. However, this indication of an alt-season is merely based on speculation, which is why it is advised to use a variety of technical indicators before investing in any crypto asset. Aurox Lend users can receive their interest earnings in URUS tokens.

Use Cases of URUS Token

As we discussed in the other posts, the reason for the delay was that this migration process took significantly longer than expected. It involved multiple helper smart contracts, multiple audits, significant planning and was further delayed by the holidays. There will be 1 million tokens deployed on both chains, BUT the maximum circulating supply will always remain at 1 million.

But as more users asked about staking and liquidity mining on the Binance Smart Chain, we started implementing it. Our founders struggled to find the software required to make educated and smart crypto trades in the early days back in 2016. Even with prior stock market trading experience, our founders found crypto trading to be difficult. KuCoin will co-market with Aurox during the announcement and listing process. I repeat, if you are liquidity mining, you will have to complete these steps. You will have to complete this process within the 24 hour period of when the current epoch ends on Saturday.

But to make this transition smoother, we’ve created helper contracts. As our community knows, our initial plans never included deploying on the Binance Chain. We did it quickly to allow users to purchase our token without dealing with large fees. The recent boom in decentralized finance
has led to the rapid adoption of Lending and
Borrowing platforms such as Compound and
Aave, and Decentralized Exchanges such as
Uniswap. Despite their proven economic value,
each of these individually have limitations. Regulations governing cryptocurrencies vary by jurisdiction and may change over time, which could impact the legality and use of cryptocurrencies.

Sponsored Crypto Projects

Aurox is a cryptocurrency platform that enables users to buy, sell and trade digital assets. It provides an intuitive user interface, advanced security features, and a wide variety of trading options for both novice and experienced traders. The platform also offers educational resources to help users learn more about the cryptocurrency market. Aurox supports multiple currencies urus token including Bitcoin, Ethereum, Litecoin, Dash, Ripple and many others. With its easy-to-use tools and comprehensive support system, Aurox makes it simple for anyone to get started with cryptocurrency trading. ABOUT AUROXAurox is a free, all-in-one cryptocurrency terminal that integrates data, content, and strategies to help crypto traders make better decisions.

In addition to the changes below, we had always planned on upgrading the staking and liquidity contracts months ago to support the upcoming protocols. But because of the BSC addition, this upgrade became much more significant than a simple migration. The Aurox Token is a DeFi token powering Aurox, a unique crypto trading terminal used by thousands of traders worldwide. For this reason, the Aurox Terminal was developed to help make educated trades by providing access to detailed information, proprietary indicators, and up-to-date data all in one centralized location. The Aurox Token is the utility token behind the Aurox ecosystem. Aurox Token users can access additional functionalities throughout the Aurox Ecosystem.

Token users can earn additional Wallet Rewards, access alerts and indicators, and other unique functionalities. Soon, Aurox Token users will be able to save on trading fees via Aurox Trade, and much more. We understand this might not be favorable to the current Ethereum miners, but it is necessary to prevent quicker inflation and token distribution.

If a user chooses to be rewarded in https://cryptolisting.org/s, their yield will be increased by 20% until the reserve is depleted/exhausted. The interest rate reserve also has a 10% allocation of all URS tokens which will be used for lending purposes on Aurox Lend. CoinMarketCap takes a deep dive into Aurox (URUS), a lending platform that allows you to borrow cryptocurrencies and use margin and leverage trading efficiently.

URUS Transactions Chart

KuCoin, known as the „People’s Exchange,” is a global cryptocurrency exchange for numerous digital assets. It hosts some of the world’s most popular cryptocurrencies, including Bitcoin, Dogecoin, Ethereum, Polkadot, and Shiba Inu. KuCoin is a top-5 exchange by volume, with over $5 billion in daily trading volume, and has a prominent international footprint. It has registered users across 207 countries and regions around the world and provides highly localized services in 19 communities within North America, Europe, Southeast Asia, and elsewhere. Moreover, it offers users 24/7 multi-language customer services.

Ease of use for “all in one” DeFi and CeFi trading is unmatched. Their URUS token has some of the best utility around, and their community is the most positive and helpful in all of crypto. No part of the content we provide constitutes financial advice on coin prices, legal advice, or any other form of advice meant for you to rely on for any purpose. Any use or reliance on our content is solely at your own risk and discretion.

We’ve taken as many steps as possible to make this an easy migration, given all the complexities we had to solve. We’ve offloaded as much as we could to our contracts and backend to simplify the user experience, especially for the miners. That is the exact same mindset and approach we will be using when tackling DeFi trading, investing, and through our Terminal and Mobile application. Even after all the tokens are circulating from the reward address, the maximum combined circulating supply will remain at 1 million. The rest of the tokens will be held in the bridge contract and only available when someone bridges from one chain to the other. Users will deposit tokens on one chain to receive tokens on the other chain.

Users can hold their assets on the Aurox Trade platform and earn staking rewards. The staking is calculated based on the usage of the assets, meaning only those tokens will be staked that are not being used. The process of staking is automatic and the user doesn’t have to manually lock their funds to earn staking rewards in URUS tokens. When we made the bridge to Binance Smart Chain, we also had no plans to add liquidity mining and staking to that specific chain.

Aurox Token URUS Price today is $8.63, for the last 24 hours 4,589 URUS coins were exchanged with a trading volume of $39,622. Coinlore provides independent cryptocurrency / coin prices calculated by its own algorithm, and other metrics such as markets, volumes, historical prices, charts, coin market caps, blockchain info, API, widgets, and more. We also gather additional information from different sources to ensure we cover all necessary data or events.

If you do not, you will risk the potential loss of funds through arbitrage, incorrect airdrop snapshots, and other issues that will arise. Do not begin the migration without claiming the tokens otherwise, the reward tokens will be lost. Unfortunately, this was impossible to solve using contracts, and it will be necessary for you to claim any and all rewards.

Enjoy this blog? Please spread the word :)