Welcome to the world of the Aura Network, an innovative blockchain ecosystem designed to revolutionize the way we interact with decentralized applications.
In this article, we will delve deep into the features, benefits, and components of the Aura Network, while providing valuable insights for developers, validators, exchanges, and users alike. Let’s embark on this journey together and explore the fascinating realm of AURA.
We will also cover everything you need to know about the Aura Network, its founders, investors, tokenomics, price predictions, and more.
AURA Price Statistics (As of June 02, 2023)
| Aura Network Price Today | |
|---|---|
| Aura Network Price | $0.060325 |
| 24h Low / 24h High | $0.059700 / $0.061443 |
| 7d Low / 7d High | $0.059799 / $0.063411 |
| Trading Volume | $49,375 |
| Market Cap Rank | #1158 |
| Market Cap | $5,822,177 |
| Market Cap Dominance | 0% |
| Volume / Market Cap | 0.0085 |
| All-Time High | $0.197293 -69.42% Aug 09, 2022 (10 months) |
| All-Time Low | $0.04981156 21.13% Jan 06, 2023 (5 months) |
| Circulating Supply | 84,479,506 AURA |
| Total Supply | 413,200,000 AURA |
| Max Supply | 1,000,000,000 AURA |
source: coingecko
An Overview of the Aura Network
The Aura Network is a next-generation blockchain platform designed to support the development and deployment of decentralized applications (DApps) with high scalability, security, and ease of use. Built on the Cosmos ecosystem, AURA enables seamless interaction between various blockchain networks, making it an ideal choice for developers, validators, and exchanges.
By leveraging the power of smart contract technology, the Aura Network aims to create a decentralized ecosystem where users can access a wide range of DApps and services without compromising their privacy or security.
Aura Network Founders
AURA was founded in November 2021 by Vietnamese blockchain entrepreneur Giang Tran. As a Forbes Technology Council member, Giang has deep expertise in Cloud and Blockchain. He is the ex-founder of akaChain and has guided many successful start-ups. Giang drives Aura’s strategy adoption and equitable growth. He founded AURA with Yamato Tran, COO of FPT Software, and Steve Nguyen, CIO of various corporations such as Unilever and Masan Group in Vietnam.
Aura Network Features
- Scalability: One of the most significant challenges faced by existing blockchain networks is scalability. The Aura Network addresses this issue by utilizing the Cosmos SDK, which allows for horizontal and vertical scaling. This ensures that the network can handle a large number of transactions without compromising on speed or performance.
- Security: Security is a top priority for the Aura Network. By employing advanced cryptographic techniques and consensus algorithms, AURA ensures that the network remains secure and resistant to potential attacks.
- Interoperability: Interoperability is a critical component of the Aura Network’s design. Built on the Cosmos ecosystem, AURA allows for seamless communication between various blockchain networks, making it an ideal choice for developers, validators, and exchanges.
- User-friendly: The Aura Network is designed to be user-friendly, making it accessible to users with varying levels of technical expertise. With an intuitive interface and comprehensive documentation, users can easily navigate the platform and interact with the various features and services.
What is Aura Network?
Aura Network is a layer-1, NFT-centric blockchain that aims to expand the limits of NFTs currently seen within the cryptocurrency and web3 space. By integrating and adding solutions that help introduce the use of NFTs across additional and existing industries, Aura Network envisions creating a one-stop destination for minting, evaluating, querying, and transacting NFTs. The network provides infrastructure that helps foster and nurture the entire NFT ecosystem, catering to minters, secondary buyers, and collection creators alike.
Read also: Aura Finance (AURA): An In-Depth Analysis and Price Prediction
AURA Tokenomics
Aura Network has two types of native currency: Aura tokens on the BNB chain are issued as IOU tokens for Aura coins on the mainnet. The supply for AURA (on all blockchains) is capped at 1 billion tokens. The TGE (Token Generation Event) is 94,518,337 AURA tokens. Excluding the ecosystem growth fund controlled by the Aura Network Foundation, the initial circulating supply is 30,768,337 AURA.
AURA, the native utility token of the Aura Network, plays a crucial role in the ecosystem. It is used for various purposes, including:
- Staking: Users can stake their AURA tokens to support the network’s security and earn rewards for their participation.
- Governance: AURA holders can participate in the governance of the network by voting on proposals and influencing the direction of the platform.
- Transaction fees: Users are required to pay transaction fees in AURA for using the network’s services.
As the network grows and more users interact with the platform, the demand for AURA tokens is expected to increase, driving up their value.
Aura Network Partners and Investors
Aura Network has an impressive list of partners and investors, including Coin98 Ventures, GBV Capital, FPT, Impossible Finance, Kucoin Labs, Kyber Ventures, NGC Ventures, SNZ, GuildFi, Avalanche Asia Star Fund, MEXC Pioneer, TPX Ventures, Vanda Capital, RedlineDAO, AhaMove, Oracles Investment Group, DEO Network, Ecomobi, K300, and Pencil Group.
The project has secured $2.5 million worth of funding from a Seed Round led by Coin98 Ventures, Kyber Ventures, Kucoin Labs, and GBV Capital. Aura Network also enjoys strong regional support, with key integrations such as introducing the Coin98 wallet as the official wallet for the network.
Getting Started with Aura Network
Getting started with the Aura Network is a simple and straightforward process. Here are some basic steps to help you begin your journey:
- Create a wallet: The first step is to create a wallet compatible with the Aura Network. This will allow you to store, send, and receive AURA tokens securely.
- Acquire AURA tokens: Once you have set up your wallet, you can acquire AURA tokens through various means, including participating in token sales, trading on exchanges, or earning rewards through staking.
- Interact with DApps: With your wallet and tokens in place, you can now explore the various DApps and services available on the Aura Network.
Validator Handbook
Validators play a crucial role in the Aura Network by committing new blocks to the blockchain and ensuring its security. As a validator, you will validate transactions, propose new blocks, and participate in the consensus process.
To become a validator on the Aura Network, follow these steps:
- Set up a validator node: First, you need to set up and configure a validator node to participate in the network. This involves meeting the technical requirements and ensuring the node is secure and up-to-date.
- Stake AURA tokens: Validators are required to stake a minimum amount of AURA tokens as collateral. This helps ensure their commitment to the network and incentivizes them to act in the best interest of the ecosystem.
- Join the validator set: Once your node is set up and you have staked the required amount of AURA tokens, you can join the active validator set and begin validating transactions and proposing new blocks.
Developer Materials
The Aura Network offers a comprehensive suite of developer materials to help you build and deploy decentralized applications (DApps) on the platform. Whether you are new to smart contract technology or an experienced developer, the Aura Network provides the tools and resources necessary to bring your ideas to life.
- Documentation: Get started with the Aura Network by exploring the extensive documentation covering topics such as smart contracts, consensus algorithms, and more.
- Tutorials: Follow step-by-step tutorials to learn how to develop and deploy DApps on the Aura Network.
- Sample code: Access sample code and templates to jumpstart your development journey.
Exchange Integration
The Aura Network offers seamless integration with both centralized and decentralized exchanges (CEX and DEX) to facilitate the trading of AURA tokens and other digital assets. Through robust APIs and comprehensive documentation, exchanges can easily integrate with the Aura Network and provide their users with a seamless trading experience.
Aura-built Products
The Aura Network’s core team has developed several innovative products designed to enhance the user experience and showcase the platform’s capabilities. Some examples include:
- AURASCAN: AURASCAN is a blazing-fast blockchain explorer for the Cosmos ecosystem, offering a combination of features from both Mintscan and Etherscan, with a touch of customization. This powerful tool enables users to quickly and easily monitor transactions, addresses, and other network activities.
- PYXIS SAFE: Inspired by the popular Gnosis Safe, PYXIS SAFE is a multi-signature tool compatible with all Cosmos-based chains. This secure solution allows users to manage their digital assets and execute transactions with multiple signatures, ensuring a high level of security and control.
Aura Network Price Performance
As of late, Aura Network has faced challenges in keeping up with other crypto coins. AURA has been down by almost -5.91% in the last 7 days. Despite the strong fundamentals, the coin has been showing risky framing segments for the past few days, making it a less profitable asset in the short term.
In the past 24 hours, the crypto has decreased by 0.21% in its current value. Comparing the current market cap of AURA with yesterday’s, there has been a decrease as well.
According to the latest data gathered, the current price of Aura Network is 0.063, and AURA is currently ranked #3564 in the entire crypto ecosystem. The circulation supply of Aura Network is 0, with a market cap of 0.
Aura Network Price Predictions
PricePrediction.Net has provided future Aura Network price predictions for 2023, 2024, 2025, and 2030. Please note that these predictions are the suggestions of some market experts/analysts and should be taken with caution. Predicting something so accurately is impossible, but the following predictions are based on deep artificial intelligence-assisted technical analysis of the past price data of Aura Network.
| Year | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| 2023 | $0.075 | $0.078 | $0.091 |
| 2024 | $0.11 | $0.11 | $0.13 |
| 2025 | $0.16 | $0.16 | $0.19 |
| 2030 | $1.03 | $1.06 | $1.25 |
AURA Price Prediction: Final Thought
Aura Network (AURA) is an ambitious project aimed at revolutionizing the NFT space by providing a comprehensive ecosystem for minting, evaluating, querying, and transacting NFTs.
With strong backing from partners and investors, as well as experienced founders, Aura Network has the potential to make a significant impact in the NFT market. However, investors should keep an eye on its price performance and consider long-term price predictions before making any investment decisions.
Conclusion
The Aura Network is set to revolutionize the world of decentralized applications by offering a robust, scalable, and secure platform for developers, validators, and users alike.
With its innovative features and comprehensive resources, AURA is poised to become a leading blockchain ecosystem in the rapidly evolving world of digital assets and decentralized technologies. Don’t miss the opportunity to be part of this exciting journey and explore the endless possibilities offered by the Aura Network.
FAQs
What is the Aura Network?
The Aura Network is a next-generation blockchain platform designed to support the development and deployment of decentralized applications (DApps) with high scalability, security, and ease of use.
What is the AURA token?
AURA is the native utility token of the Aura Network, used for staking, governance, and transaction fees within the ecosystem.
How do I become a validator on the Aura Network?
To become a validator on the Aura Network, you need to set up a validator node, stake AURA tokens, and join the active validator set.
What resources are available for developers on the Aura Network?
The Aura Network offers extensive documentation, tutorials, and sample code to help developers build and deploy DApps on the platform.
How can I acquire AURA tokens?
You can acquire AURA tokens through various means, including participating in token sales, trading on exchanges, or earning rewards through staking.
Who are the founders of Aura Network?
Aura Network was founded by Giang Tran, a Vietnamese blockchain entrepreneur, alongside Yamato Tran, COO of FPT Software, and Steve Nguyen, CIO of various corporations in Vietnam.
How can I buy AURA tokens?
AURA tokens can be swapped on decentralized exchanges such as Impossible Finance and Baryon Network. Additional exchange listings will be updated on the platform’s social media pages.
What are the tokenomics of AURA?
The total supply of AURA tokens is capped at 1 billion, with 94,518,337 tokens allocated for the TGE. The initial circulating supply, excluding the ecosystem growth fund, is 30,768,337 AURA tokens.
What does the future look like for Aura Network?
While the platform has faced some challenges recently, expert predictions show significant growth potential for the AURA token over the next decade. As the NFT market continues to expand, Aura Network’s focus on NFT infrastructure could lead to increased adoption and success for the platform.
What are the future price predictions for Aura Network (AURA)?
Price predictions for AURA suggest that its value could reach a minimum of $0.075 in 2023, 0.11 in 2024, and $0.16 in 2025. By 2030, the price could reach a minimum of $1.03.
