Aurora (AOA) is a cryptocurrency that operates on the Ethereum platform, with a current supply of 10 billion tokens. It is designed to provide a platform for decentralized application (dApp) development, offering speed and scalability through its use of the Delegated Proof of Stake (DPOS) consensus protocol and Byzantine Fault Tolerant (BFT) mechanism. Aurora aims to make transactions and smart contract execution faster and smoother, making it an attractive option for Web3 developers.
Aurora (AURORA) is a cryptocurrency token used within the Aurora ecosystem, which is built on the NEAR Protocol. The token serves several purposes:
Governance: AURORA holders can vote on changes to the network, ensuring decentralized decision-making and community involvement.
Staking: Users can stake their AURORA tokens to support the network and earn rewards. This helps maintain the security and integrity of the blockchain.
Transaction Fees: Although the fees are low, AURORA is used to pay for transactions within the network, facilitating fast and affordable interactions.
Ecosystem Development: The token is used to support the development of the Aurora ecosystem, which includes various projects and applications built on the platform.
Bridge: The Rainbow Bridge, a key component of Aurora, allows for seamless asset transfer between Ethereum, NEAR, and Aurora blockchains, further enhancing the token's utility.
Overall, AURORA plays a central role in maintaining the Aurora network, enabling fast, secure, and affordable transactions, while also supporting the growth of the ecosystem.
To store AURORA tokens, you need to follow these steps:
Add Aurora Mainnet to Your Wallet:
- Go to aurora.dev/start and follow the instructions to add the Aurora Mainnet to your MetaMask wallet.
Get NEAR Tokens:
- Buy NEAR tokens from an exchange and withdraw them to your NEAR wallet.
Bridge NEAR to AURORA:
- Use the Rainbow Bridge (rainbowbridge.app) to send your NEAR tokens to the Aurora network as wNEAR.
- Swap for AURORA:
- Use your MetaMask wallet on the Aurora Mainnet to swap your wNEAR for AURORA tokens on a DEX like Ref Finance, NearPad, Skyward Finance, TriSolaris, or Wannaswap.
By following these steps, you can store your AURORA tokens securely in your wallet.
To buy Aurora (AURORA) tokens, you can follow these steps:
Choose a Centralized Exchange:
- Binance: Although Aurora is not listed on Binance, you can refer to Coinmarketcap.com's Markets section to find a reliable centralized exchange where you can buy Aurora.
- Coinbase: You can buy Aurora directly on Coinbase's centralized exchange. Create a Coinbase account, add a payment method, and select Aurora from the list of assets.
- KuCoin: On KuCoin, you can buy AURORA with crypto on the spot market. First, buy stablecoins like USDT, then transfer them to a KuCoin Trading Account and exchange them for AURORA.
Use a Decentralized Exchange (DEX):
- Trust Wallet: Download Trust Wallet, set it up, and buy ETH as your base currency. Then, send ETH from Binance to your Trust Wallet. Connect your wallet to a DEX like 1inch and trade your ETH for AURORA.
- Rainbow Bridge: Use the Rainbow Bridge to bridge between Near, Aurora, and Ethereum. You can swap for AURORA and other tokens in the NEAR ecosystem using DEXs like nearpad, skyward finance, trisolaris, and wannaswap.
Participate in Initial DEX Offerings (IDO):
- Aurora Token Sale: The AURORA token sale was facilitated by three IDO platforms: SmartPad, BocaChica, and Skyward. These platforms allowed users to purchase AURORA tokens, which were delivered to their wallets after the Token Generation Event (TGE).
Remember to always follow safety guidelines and be cautious of scams when buying cryptocurrencies.