Infrastructure
Aura Network’s infrastructure comprises the blockchain’s core components, including the node client (Aurad) and all necessary resources like the genesis block and configuration files. This layer forms the backbone of the Aura Network, providing the structural foundation necessary for its operation and scalability.
Currency
The Aura ecosystem features two primary forms of native currency:
- Aura Coin: The native currency of the Aura Network chain, facilitating transactions, staking, and governance within the Aura ecosystem.
- Aura Token on BNB Smart Chain (BEP-20): Serving as an IOU token prior to the mainnet launch, this facilitates liquidity provision on BEP-20 compatible exchanges and helps integrate users from the BSC community.
Additionally, Aura supports the creation of CW20 tokens through the CosmWasm module, enabling a wide range of token functionalities and use cases within the ecosystem.
Applications
Aura Network hosts a variety of applications designed to enhance user interaction with DeFi and NFTs:
- Aurascan: A blockchain explorer tailored for Aura holders, featuring additional functionalities for governance, staking, NFT management, and notifications.
- Pyxis Safe: Inspired by Gnosis-safe, this multi-signature wallet enhances security for managing assets within the ecosystem.
- Wallet Support: The official Aura wallet is the Coin98 Wallet, with additional support for other Cosmos-compatible wallets like Keplr and Cosmostation.
- Twilight Hub: A comprehensive platform for engaging with NFTs and the metaverse, catering to the Aura community’s needs.
- Aura DEX: A decentralized exchange dedicated to trading CW-20 tokens built on the Aura Network, facilitating seamless asset swaps.
- Bridge: Enables asset transfers between EVM-based blockchains and the Aura chain, ensuring interoperability and fluidity within the ecosystem.
- Launchpad: Offers extensive support to NFT projects on the Aura chain, including technology, funding, and business promotion assistance.
API Standards
Applications developed on the Aura Network are required to provide standardized open APIs. This ensures interoperability, facilitating seamless interactions between different applications and services within the ecosystem.
Tokenomics
The Aura Network incorporates a dual-token system:
- BEP-20 Aura Token: An intermediary token on Binance Smart Chain, providing early liquidity and community engagement opportunities.
- Aura Coin: The main currency post-mainnet, supporting a wide range of utilities from transaction fees to governance.
The token distribution strategy is designed to support ecosystem growth, incentivize participation, and ensure long-term sustainability.
Strategic Objectives
Aura Network aims to bridge the gap between traditional digital businesses and the emerging web3 landscape. By offering scalable, open-source tools and a user-friendly environment, Aura focuses on real-world NFT use cases and the seamless integration of web2 businesses into the web3 paradigm. This strategy is underpinned by direct collaboration with brands and IP owners, leveraging the Cosmos SDK for interoperability and efficiency.
Conclusion
The Aura Network represents a comprehensive ecosystem designed for the adoption and development of NFTs and decentralized applications. Through its strategic use of the Cosmos SDK, innovative currency system, and an array of applications and tools, Aura is poised to significantly impact the transition of digital assets and businesses to the web3 world.
