[ICO] IDEX - Modern Decentralized Exchange

Aurora Idex ICO:A Decentralized Financial Institution Utilizing Distributed Computing and the Ethereum Network

AURORA is a suit of dapps and protocol that together comprise a fully decentralized and autonomous banking and finance platform.

EFFICIENT AURORA is a platform to recreate and improve upon the existing financial ecosystem in a decentralized fashion.

This platform offers a stable private, and open financial system to anyone in the world regardless of geographic location, class status, or privacy preferences.

What is AURA and Why Do I Want It?

IDEX is the mvp of a much larger vision, the Snowglobe exchange protocol. Snowglobe enables fully decentralized, high-performance, evm-compatible exchanges that share liquidity and scale indefinitely through sharding. Each exchange on the protocol utilizes the IDEX state hop design to provide real-time trades and secures their own chain through POS with their proprietary token. Staking AURA secures both IDEX’s chain and the base level chain of the entire protocol. To incentivize participation, AURA stakers are rewarded IDEX fees, DC banking fees, and fees from any other future Aurora products. Rewards are proportional to the amount of AURA the participant stakes. Additional information about Snowglobe can be found in the IDEX whitepaper.

AURORA’S own stable currency, the Boreal is backed by a combination of cryptocurrency reserves and debt, and is available to customers via loans based on their digital media economic reputation.

TRUSTED Decentralized capital is a decentralized bank that provides loans to customers in the form of a new stable coin, Boreal’s.

Decentralized capital will engage in a number of different activities analogous to open market operations with the ultimate goal of Boreal, price stability and also in profit maximization.

BOREALS? BOREALS (BRL) is a price stable decentralized cryptocurrency built on the Ethereum block chain.

AURA Rewards and How to Earn Them

To jumpstart the growth of IDEX and Aurora, we’ve created a rewards program that grants the Aurora utility token, AURA, to market makers who trade on IDEX. Rewards are distributed proportionally based on the USD value of filled limit orders at the time of execution (orders must be filled to qualify).

20% of the total 1 billion AURA (200 million) will be dedicated to this program. Each month, one percent of the remaining rewards tokens will be distributed to market makers, i.e. 2M are available during the first month, 1.98M the second month, etc. Tokens are paid at the end of each rewards period by user request.

To earn rewards simply place limit orders and have them filled. There is no special signup, and every wallet that has their orders filled is automatically enrolled in the program.

Building a Community Through AURA Rewards

The AURA rewards program will help jumpstart a community of traders who all share in the success of the network. Traders get paid in the network utility token of Aurora, and the more liquidity they provide the more they benefit. There is a fixed and diminishing number of AURA tokens available each month, encouraging traders to commit to the platform early on. Additionally, the program works with our DVIP memberships, allowing traders to earn up to 2x the AURA rewards per period and rewarding members who contribute to the development of the platform.

Be aware, IDEX separates the trading process from the final settlement, IDEX allows traders to buy and sell continuously without waiting for previous trades. IDEX is doing this to expand existing exchange technologies and create the most advanced Ethereum-based decentralized exchanges on the market. Not only that, IDEX also combines the speed and user experience of centralized exchange with audit capabilities of a decentralized exchange. and high-level security. To evolve through IDEX, you must first have decentralized capital access. Decentralization of capital is an autonomous and decentralized bank for the age of blockchain. So users are given loans by decentralized capital anywhere in the world in the form of boreals, a stable crypturrurrency of the Aurora ecosystem. Capital decentralization 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 worldwide across the board.

AURORA has its own native network token, AURA, that aligns the interests of AURORA and snow globe operators.

HAVING FREE BANKING Free banking is rooted in the berlief that private actors can provide a better more stable currency than that provided by the government. A Free banking system allows for private enterprises to match currency supply with demand. This banking system can eliminate the moral hazard created by central banks operating as a lender of last resort.

In this banking (FREE BANKING), each bank is responsible for its own solvency and required to hold adequate reserves to ensure it is able to meet all of the withdrawal demand.

SNOWGLOBE
 Snowglobe is a protocol for high performance EVM compatibly, decentralized child chain exchanges. The snowglobe allows for all exchanges or the network to share liquidity in one order book while maintaining their high performance characteristics.

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