Aurox Token URUS live coin price, charts, markets & liquidity
We also gather additional information from different sources to ensure we cover all necessary data or events. As of Jan 30, Aurox Token has a market capitalization of $4 Million and is ranked #996 among all cryptocurrencies. This calculation is based on the circulating supply of Aurox Token However, if we take into account the total supply of Aurox Token, the market capitalization would be $8.7 Million. For more information on the market capitalization and price statistics See full market cap and price stats. As highlighted above, the unused assets of a user are automatically staked, which gives double profit to the end-user. They can earn rewards from staking as well as an increase in the price of their tokens.
- Vast background in marketing, software development, and cryptocurrencies with the aim of converting Aurox into the most popular trading terminal in the crypto world.
- This is why Aurox platform will continue to increase in popularity for first-time crypto traders, which luckily are also the highest in number, among all crypto users.
- Whereas the order book liquidity on Aurox Trade is generated from our integration into multiple centralized exchange partners.
- ⚠ Trading cryptocurrencies involves risk, and may not be suitable for all investors.
- Despite their proven economic value,
each of these individually have limitations. - Any use or reliance on our content is solely at your own risk and discretion.
Any use or reliance on our content is solely at your own risk and discretion. Among all the assets available on CoinStats, these have the most similar market capitalization to Aurox. Should the value of the collateral in relation to the borrowed assets diverge by 15% or more, a margin call will be issued requiring the trader to increase the amount of collateral posted. If the value diverges by 25% or more, a Liquidation Event occurs resulting in the collateral being sold and the borrowed position closed. Many crypto analysts are hinting towards the start of an alt-season in November. Some cryptocurrencies have already broken their all-time highs, while others are steadily increasing.
Aurox would fulfill this trade by pulling the respective amount of ETH from its reserve pool, which itself is funded by the DeFi lending platform. Compared to today’s exchange rate, URUS cryptocurrency price is down by -39.91% so, An investment of $100 now would have been worth $60.09. https://cryptolisting.org/ Aurox Trade is Aurox’s centralized order execution and trading platform with margin trading capacity of up to 4x the value of underlying assets. Aurox is a trading platform that solves DeFi lending and DEX limitations by leveraging the efficiency in decentralized lending.
With its easy-to-use tools and comprehensive support system, Aurox makes it simple for anyone to get started with cryptocurrency trading. Aurox has redefined cryptocurrency trading through its proprietary trading terminal, and now, it will redefine DeFi. It will create the first decentralized lending protocol which allows users to place orders on multiple exchanges using margin.
About URUS
In order to serve a broad range of use cases,
lending platforms like Compound must
allow borrowers to take funds off-platform,
requiring a greater ratio of collateral than
assets borrowed. This is problematic for most
borrowers, and greatly limits the usability of the
platform. The function of the reserve pool is to make sure the requisite assets are available immediately without having to wait for smart contract execution. The reserve pool urus token price also reduces costs by reducing the frequency of smart contract execution by aggregating large loans from the DeFi platform instead of upon each trader’s order. Specifically, the reserve pool shall contain a target of approximately 5% of the total assets locked on the Aurox Lend. CoinMarketCap takes a deep dive into Aurox (URUS), a lending platform that allows you to borrow cryptocurrencies and use margin and leverage trading efficiently.
Aurox Token Markets
They can pay the trading fees in URUS tokens or with any other currency, and for margin fees, they can pay 50% in URUS and the other 50% in the cryptocurrency that they borrow from the platform. In the first year, users will receive a 50% discount rate, which will decrease to 25% in the second year, 15% in the third, and 10% in the 4th year. The Aurox Token will power a decentralized lending and borrowing platform integrated with a low-cost, fast-executing trading platform with 4X margin lending capabilities.
About Aurox
This feature is an attractive point for crypto users and potential investors as well. It gives a promise of double rewards and possibly many users will sign up on the Aurox platform because of this feature, causing a surge in the price of the URUS token. Not only are the interest rates high, but the Aurox platform is also a great place for margin traders as mentioned above. Traders need much less collateral to receive funds for margin trading. This is one of the big, if not the biggest advantage that Aurox holds over other DeFi platforms.
The Team Behind Aurox (URUS)
Aurox Trade offers up to 4X leverage on majority of cryptocurrencies such as BTC and ETH. Typically, on a centralized exchange when a margin balance is opened, it is funded in fiat such as USD. That USD can then be used to purchase currencies available on that platform. Traders can establish margin loans in specific markets, and their leverage, the maximum amount they can borrow, is dependent on the liquidity of that market. The current crypto market update is good, if not great for the crypto users. Bitcoin (BTC) recently surged past its all-time high and many alts showed extreme appreciation in price.
This creates the highest APY interest rates for the decentralized lenders while giving the traders the most comfortable trading environment. Aurox Token URUS cryptocurrency token built on top of Ethereum platform, launched in February 2021. Aurox Token URUS Price today is $8.65, for the last 24 hours 4,540 URUS coins were exchanged with a trading volume of $39,282. Aurox’s secure wallet allows users to store their digital assets in a safe environment.
What is the exchange rate of 1 URUS to WETH?
Crypto traders who are passionate about margin trading can really attract a lot of users and the price of the Aurox token which is currently below $200, can surge up to $500 in the long run. The Aurox team is composed of experienced professionals from the financial services industry who are dedicated to providing a secure and reliable platform for cryptocurrency trading. They have developed sophisticated algorithms that monitor the markets 24/7 in order to provide accurate pricing information as well as timely notifications about changes in the market conditions. Aurox price is $8.63, up 1.87% in the last 24 hours, and the live market cap is $4,017,135. It has circulating supply volume of 1,000,000 URUS coins and a max. A fee is automatically calculated by the platform every four (4) hours the margin position is held and is deducted automatically from a trader’s posted collateral.
The main achievement of Taras is the Aurox Indicator which is capable of predicting market movements with +70% accuracy. Vast background in marketing, software development, and cryptocurrencies with the aim of converting Aurox into the most popular trading terminal in the crypto world. For the last 30 days, more than 13 URUS transactions have been made, on average daily 0.43 completed transactions. Uniswap like all Automatic Market Makers, has
issues guaranteeing price execution for large
order sizes, and due to the exclusive reliance on
smart contracts, is slow and costly to use. The recent boom in decentralized finance
has led to the rapid adoption of Lending and
Borrowing platforms such as Compound and
Aave, and Decentralized Exchanges such as
Uniswap. Despite their proven economic value,
each of these individually have limitations.
Users can hold their assets on the Aurox Trade platform and earn staking rewards. The staking is calculated based on the usage of the assets, meaning only those tokens will be staked that are not being used. The process of staking is automatic and the user doesn’t have to manually lock their funds to earn staking rewards in URUS tokens.