FINANCIAL EVOLUTION

Aurora's Overview

Aurora is a collection of Ethereal applications and protocols that together create a decentralized banking and financial platform. Aurora provides customers with a sophisticated, open, and stable financial network available to anyone in the world regardless of geographic location or class status. Aurora's own stable, boreal currency, backed by a combination of cryptocurrency and debt reserves, and is available to customers through loans based on their digital economic reputation. Traders at IDEX, decentralized smart contract exchanges, can utilize boreal as payment for trade costs or as a stable base currency.

Aurora Ecosystem

Decentralized CapitalDecentralization Capital (DC) is an autonomous and decentralized bank for blockchain ages.

DC lends to users anywhere in the world in the form of boreals, stable crypturrurrency of the Aurora ecosystem. Inspired by historic free banking implementations, boreals are backed by a combination of ether reserves, loan repayment requests, and reseller support, starting with IDEX and ultimately evolving into other partner dapps. DC uses a blockchain-based identity system such as uPort, combined with home risk assessment mechanisms, to minimize the risk of default and bring digital banking solutions to consumers around the world.

Autonomous

Aurora runs independently on distributed computing networks

Stable

Boreals match or exceed the stability of the fiat currency

Transparent

Consumers can analyze and assess bank solvency

Open

Available to anyone with an internet connection

Can be redeemed

Each boreal can be exchanged for its eth backing

Low cost

No transfer fee, competitive loan rate

IDEX - Decentralized Exchange

Real time

Post, fill, and cancel orders immediately

High throughput

Fill many orders at once and exchange continuously

Strong

Trade matching is not affected by the Ethereum transaction backlog

Secure

Smart contract settlement protects merchants from theft and fraud

IDEX is a hybrid decentralized exchange that combines real-time trading with blockchain-based security. IDEX has expanded its existing exchange technology and created the most advanced Ethereum-based decentralized exchange on the market. By separating the trading process from the final settlement, IDEX allows traders to buy and sell continuously without waiting for previous trades. IDEX combines the speed and user experience of centralized exchange with the security and auditing capabilities of a decentralized exchange.

IDEX is the first of many dapps to receive boreals as payment. Merchants who pay fees at boreals will receive a 5% trading fee discount. Boreals used for expenses are priced at 1 USD per unit, regardless of current open market trading prices. This encourages the trader to buy boreals and act as the basis for a fair price for the currency. Traders may use boreal as a stable base currency for trading or as a hedge against market volatility.

Distributed Computing

Aurora will switch from semi-decentralized architecture to a fully decentralized architecture that begins with Snowglobe, a protocol that enables the leading decentralized exchange to operate on shared orderbooks. Snowglobe will serve as the backbone of the Aurora network, using distributed computing to decentralize other components such as AI bankers, who are responsible for managing Decentralized Capital, or autonomous market makers that help maintain the stability of boreal prices. Over time Aurora will evolve to achieve a vision of a strong and transparent financial system available to everyone.

Meet our team