Topic: 🔵 [ANN][ICO] 50% SOLD! Aurora 🔥 Decentralized Finance and Banking + Exchange 🔵 - page 11. (Read 11207 times)

Thanks! We've spent a lot of time polishing the experience and performance, and we're just getting started  After you make a trade feel free to come back and let us know how it went. You can trade with yourself if you just want the experience, and you'll even earn rewards.

Hi. We're an decentralized exchange similar to Etherdelta, that is, you unlock your wallet and deposit funds into our smart contract, trade, then withdraw whenever you want. You can unlock your wallet with your private key, keystore, metamask, or ledger wallet. We're new and understand we need to gain the trust of the community over time, however, we're very transparent and a lot of information can be found in our smart contract, on our website, and in our whitepaper.

I am kind of impressed with how this dex looks.
Still have to make a trade on it but it looks so much smoother than delta.

So i cant trading without entering private key? 

Yes, the exchange operates much like Etherdelta except it's considerably faster and feels like a typical exchange. You unlock your wallet, deposit to IDEX's smart contract, trade, then withdraw whenever you like, just like Etherdelta. That being said, trades on IDEX are nearly instant, cancels are free and instant, and you can place market orders, plus many other features. Also the orderbook updates instantly and is always accurate. Let me know if you need any help getting started!

Its exchange like EtherDelta? We must enter private key here or no?

We now have over 250 members in our telegram channel!

Come on in, chat with the team, and learn more about the project. Plus you can earn rewards

Thanks! We're improving the Aurora site now to make everything a lot easier to follow. I do agree it is complicated (and also really exciting!), we haven't done the best job presenting everything.

Hope to have the site improvements up by mid next week.

This project is really exciting yet so complicated at first glance. I need to check out more.

AURA tokens are not useless. When Snowglobe is out AURA tokens will be used to stake the network (via proof of stake mining) and get trade fees from IDEX and fees from the Boreal banking. If anything AURA has the best long term potential.

DVIP = Membership with free trades on IDEX until 2020
AURA = Staking token of Snowglobe/Aurora network, in return for staking you get IDEX trade fees and fees from Boreal banking
Boreal = Price-stable cryptocurrency that is backed by a combination of ether reserves, debt from loans and acceptance at retailers (such as IDEX) at target value regardless of the market price. For example if Boreals were trading at 80 cents you could buy them up and get $1.05 worth of trade fees paid for on IDEX.

IDEX will trade DVIP, AURA and Boreals. Boreals will be a base currency option like USD is for ETH/USD and BTC/USD, except it will be ETH/BRL

Ok, thank you. I understand this. But why everything is so complicated? Why we need this Aurora tokens, if they useless? We cant sell this tokens on your (and other) exhanges?

Yes, that is correct. We have a hard cap of $4.8 million USD and the AURA tokens come for free with the DVIP membership that users buy.

Boreals are a price-stable cryptocurrency. To get the full picture I highly suggest you read the Aurora whitepaper. Boreals will expanded in stages. At first, traders on IDEX will be able to buy them from us for $1 each and use them to pay trade fees on IDEX at a 5% discount. This discount gives Boreals a place to be used early on and creates incentives for large traders to buy the Boreals to pay for their trade fees. All ether that is used to buy Boreals from us will go into reserves to back the boreals, like a traditional bank. Once IDEX is fully decentralized we will expand Borearls into banking loans. Users who want to take out loans will apply for one and Boreals will be loaned to the users. The user must then pay back the Boreals plus interest on the loans. This creates a demand for Boreals that will help ensure that they stay at the target price. Any time Boreals drop below their target price, both IDEX traders and users who have Boreal loans will be incentivized to buy them up, pushing the price back up to the target.

In summary Boreals are a price-stable cryptocurrency that is modeled after banking principles. They are backed by a combination of ether reserves, debt from loans that must be repaid and are accepted at target value at many retailers starting with IDEX. There are many more details to keeping the Boreal price stable, but I defer you to the Aurora whitepaper to learn more.

So, you have 1600 DVIP for tokens sale with price 3000$ for each, = hard cap 4.8 millions usd? And Aurora tokens for free. But what with Boreal tokens?

IDEX is already live. You can trade now. Unlike pretty much every other project we built our mvp FIRST to show you all that we are a capable team.

There is no minimum or softcap. We are selling 1600 DVIP for a total of $4,800,000 USD. Once they are gone they are gone.

when can IDex launch exchanger
i think if every coin use ETH platform can added youre exchanger and early promote, i think idex can good exchanger and above etherdelta

how much minimum or softcapt idex token

Great question! The current IDEX is just an MVP (minimum viable product), meaning that it is the most basic product we could bring to market. Next up we are going to launch our price-stable cryptocurrency, the Boreal, and also fully decentralize the current IDEX approach. After that we are going to turn it into a protocol for sidechain exchanges called Snowglobe (We are currently updating the IDEX and Aurora whitepapers to go over Snowglobe). Once Snowglobe is complete we are going to offer cryptobanking in our stablecoin, the Boreal. From there we plan to add in distributed computing to run the AI banker that deals with keeping Boreals stable.

Just because we have built something awesome doesn't mean we're not going to add to it and make it a lot more awesome  . We believe the fact that we already made the best DEX on the market shows that we are a capable team that will be able to achieve the full IDEX and Aurora vision.

To learn more about the expansions after IDEX please see the Aurora website. We are currently updating both the IDEX and Aurora whitepapers to give more insight into Snowglobe, should be up in a few hours.

Thanks for asking! We have 2 tokens but are only selling one, which is DVIP. DVIP is a crypto membership that gets free trades on IDEX until 2020 and each full DVIP also comes with 50,000 FREE AURA tokens. AURA is a utility token that will be used to stake the Aurora network once we are fully decentralized. Aurora users crypteconomics to align incentives to secure the integrity of the network. In return for providing the security through staking AURA users will get IDEX fees, Boreal banking fees and fees from any other activities that Aurora partakes in.

Each full DVIP costs $3,000 but you can buy less than a full one. We are not selling AURA directly and don't know what price the market will value it.

More information about DVIP can be found on our memberships page. We will be releasing more detailed information about AURA tokens tomorrow, stay tuned.

I see, that you have working exchange already. Why you need money? For adversiting? Or what? Can you explaine?

Aurora has two tokens: the network utility token (AURA) and the membership token (DVIP).

What's different price AURA and DVIP ?

I think this is great, the new exchanger