Aurora – AURA ICO IDEX DVIP Financial Banking Protocols & Apps?

Ethereum as many people now know, is an all new “decentralized platform” that has been designed to help execute ‘smart contracts’. These contracts consist of apps that are designed to run without any issues related to: downtime, censorship, fraud or third party interference. In addition to this, the apps that are released on the blockchain share a global infrastructure that has the potential to change the way business dealings are conducted throughout the globe.

What Is Aurora?

Aurora can be pictured as an application suite that includes “DAPPs and protocols” that allow for a fully decentralized banking application. The core components of this platform have been made support a cryptocurrency called Boreal. According to information available on the company’s official webpage, they plan to use the collected revenue from the ICO to increase the “asset reserves backing the boreal”. Not only that, Aurora will also gradually expand its banking initiatives and other economic ventures.

What Is Boreal?

Boreal (BRL) is a ‘decentralized cryptocurrency’ that has been built on the Ethereum blockchain. In terms of its market value, the currency has been designed carefully so as to prevent value destabilization.This is basically done by controlling the supply of Boreal so as to match market demand and ensure price stability. Also, according to the official company website, this currency is protected through a backing of cryptocurrency reserves and debt.

Aurora Services

Decentralized Capital DC:

This is a ‘decentralized bank’ that has been designed to help deliver loans to customers in the form of an all new stable cryptocurrency (boreal). As mentioned earlier, the demand for boreals is created due to its stable value rate and the fact that it can be used for loan repayments as well as other transactional activities. Other key aspects of DC include:

  • Stable: Decentralized Capital aims to gradually start engaging in a variety of deals similar to those of an open market, so as to help stabilize the price of boreal.
  • Risk Assessed: in order to maintain full stability of boreal, DC aims to use identity tools such as Uport and Civic so as to ‘identify and gauge loan risk for those who wish to borrow in boreals’.
  • Mobile App: there is also a companion DC mobile app that helps customers analyse their credit risk.


This is the world's first “Ethereum based decentralized smart contract exchange” that will support unique features like live trading, large volume transactional access. Other aspects of this service include the ability to limit market orders, gas-free cancels etc. In terms of the IDEX’s functionality, we can see that it uses smart contracts as well as a trading engine and a transaction processing arbiter. All transactions are highly secure and made via the use of private keys.

At this point, it should also be mentioned that IDEX smart contracts have been designed in a way that only the “exchange is authorized to submit signed trades to Ethereum”. As a .3result of this, IDEX is able to control the way transactions are processed. As users keep on trading, their exchange balances are updated in real-time.

Lastly, in order to support Boral stability, IDEX provides its customers with a 5% trade fee discount when they pay their fees via the use of a stable currency. This discount will create an incentive based platform that not only helps stabilize currency value, but also helps reduce overall trading costs.


This service aims to be a ‘fully decentralized exchange protocol’. Snowglobe has been made to work on the POS chain which has further been linked to the central ethereum blockchain. In terms of it usability, Snowglobe is open for any exchange and has the potential to deliver high throughput evm-compatible asset exchanges.

In addition to this, Snowglobe will also make use of a shared distributed off-chain orderbook, and a local and global transaction dispatch arbiter.

Aurora Token Details

Aurora has been designed to make use of its very own network token called Aura. According to the official company website:

  • 20% of the total AURA token supply will be dedicated to this Market Maker rewards program. AURA in the program will be granted at a rate of 1% of the total remaining Market Maker rewards AURA per month, i.e. 0.2% of the total AURA supply, or 2 million AURA, will be distributed in the first month.
  • With each additional month, the absolute number of AURA rewards will be slightly reduced, providing an incentive for market makers to join early and ensuring that the rewards program can continue indefinitely.
  • Traders receive AURA proportional to the fees they spend on their limit orders.

The token sale is scheduled to start on the 4th of December at 4PM UTC. It will last for approximately a month.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Bitcoin Exchange Guide News Team
B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


Please enter your comment!
Please enter your name here


Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

Is it that Time Again? Yes it is! The Market is giving All the Signs that it is an Alt Season

Everything is popping! Is anyone getting 2017 vibes? Tis' the time when gains floweth over. Today, even bitcoin jumped to $9,480 with $1.2 billion in ‘real’ trading...

South Korean Govt. Permits Blockchain-Based Free Trade Zone for Industrial Hemp After Amending 70 Year Old Narcotics Law

The South Korean government has granted a permit to Andong city in Gyeongbuk province of South Korea to run a free trade zone for...

Kraken and Binance Form New Partnerships to Offer More Fiat Funding Options

Amidst the flying altcoins and stuck Bitcoin, cryptocurrency exchanges continue to add new options to allow users to buy and sell digital assets. Kraken has...

India’s Tech Giant, Tata Consultancy Services (TCS), to Launch ‘Quartz' Crypto Trading Solution For Institutions

Tata Consultancy Services (TCS), a subsidiary of India’s largest tech firm, Tata, announced the launch of a crypto solution enabling traditional financial institutions to...

Nexo Collabs With Chainlink; Using Its Decentralized Oracle Network for Crypto Lending Transparency

Nexo’s, leading crypto lender will integrate Chainlink’s extensive Oracle Network to its platform in a bid to decentralize and secure its infrastructure as...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today