What is Aurox (URUS)?
Aurox is a crypto trading platform that solves decentralized finance (Defi) lending and decentralized exchange limitations. It is integrated with a low-cost, fast-executing trading platform with 4X margin lending capabilities.
Aurox aims to greatly simplify cryptocurrency trading and provide all traders with more confidence in their trading decisions. The Aurox team developed proprietary loan and trading protocols, as well as reliable buy and sell signals, to accomplish this aim.
The project has two platforms integrated into one – Aurox Trade and Aurox Lend. Aurox Trade is a centralized cryptocurrency exchange with margin capability, while Aurox Lend is a decentralized lending and borrowing platform.
The platform manages to process trades instantly as it is equipped with a capable trading engine. Besides, it guarantees liquidity through direct integration with several partner exchanges.
Overall, Aurox aims to provide the best of both worlds for crypto traders - a combination of low latency exchange with margin support, and a high yield decentralized finance lending and borrowing platform for crypto holders.
URUS utility token powers the Aurox ecosystem. View the current URUS price on the Aurox price chart featured above.
Use Cases of URUS Tokens
As a user of the Aurox platform, you can receive discounts by using URUS coins to cover network fees. Some of these fees include trading and margin fees. Concerning margin fees, you can cover up to 50% with URUS crypto tokens. Concerning trading fees, on the other hand, you can cover them fully using URUS.
As a lender, you can choose to receive your interest in URUS tokens. If you do that, you get rewarded an additional 20% yield on your loans until the reserved tokens for this purpose are exhausted.
Besides, on Aurox Trade, you can stake your unused assets for generating more URUS tokens. Staked assets can be withdrawn at any time without penalties. Besides, the platform allows users to enable automatic staking. This means that your unused assets automatically get staked in your wallet. However, you can disable this feature anytime.
Aurox was co-founded by a team of three people – Giorgi Khazaradze, Taras Motsnyy, and Ziga Naghi.
Giorgi Khazaradze dropped out in his senior year while studying computer science to focus on and help generate $10 million for his business.
Taras Motsnyy started his business at the age of 14. He has generated millions of dollars in revenue for e-commerce companies. He eventually developed the algorithm that is now in the Aurox indicator. This indicator predicts market movement with 70% accuracy.
Ziga Naghi is a self-taught software developer and entrepreneur. He has launched multiple software companies with revenues in millions of dollars.
URUS token has a maximum supply of 1 million tokens. For the launch of the token, there was no private or seed sale. The token is designed in a way that protects the Aurox price from inflation and dumping. This helps increase user confidence and drives more users to the platform. You can check the current URUS price on the chart featured above, to compare the recent price movements with the ones that happened in the past.