Auroracoin (AUR) is a cryptocurrency launched in 2014 as an alternative to both Bitcoin and the króna. More
| Fully Diluted Valuation | $989,527 |
|---|---|
| 24H Trading Volume | $11 |
| 24H Low / High | $0.05 / $ 0.05 |
| Circulating Supply | 19.77 M |
| Total Supply | 21.00 M |
| Max Supply | 0.00 |
| Categories | |
|---|---|
| Founder | Baldur Friggjar Óðinsson |
| Website | en.auroracoin.is |
| Socials | 4 more |
| Chains | Auroracoin Ecosystem |
| Explorer | Auroracoin 1 more |
| Name | Pair | OG Score |
|---|
Auroracoin (AUR) is a cryptocurrency introduced on January 24, 2014, as an alternative to Bitcoin and the Icelandic króna. It was created under the pseudonym Baldur Friggjar Óðinsson with the goal of offering a decentralized and stable digital currency for Icelanders.
Distribution and Technology
Auroracoin's launch included a unique distribution method. Half of its total supply, 10.5 million coins, was premined and given to Icelandic citizens through an airdrop starting on March 25, 2014. This approach aimed to encourage widespread use among Icelanders.
In 2016, Auroracoin underwent a major upgrade, changing its technology to a multi-algorithm proof-of-work system. This update reduced the time between transactions and increased the total coin supply to 23.3 million, later adjusted to 17.97 million after some coins were burned.
Community and Development
In 2018, Auroracoin used 80% of its M1 fund to create the Icelandic Blockchain Foundation. This move aimed to support blockchain technology and cryptocurrency use in Iceland.
Auroracoin continues to be managed by volunteers and has released updates to improve its functionality. The project focuses on providing a secure and inflation-resistant currency alternative.
Summary
Auroracoin is a cryptocurrency that offers a decentralized option for Icelanders, with a unique distribution method and ongoing technological improvements. Its commitment to community and innovation makes it a notable player in the digital currency space.
Auroracoin (AUR) is unique for its national ID-enforced airdrop, which distributed half of its total supply directly to Icelandic citizens, aiming to promote widespread adoption within Iceland.
Auroracoin was created under the pseudonym Baldur Friggjar Óðinsson, with the team behind it including Myckel Habets, Mikael Hannes, and Martin Jansen.
Auroracoin’s early funding came from the premined allocation of coins, with 10% of the coins allocated to the Auroracoin Foundation and 80% of the M1 fund later used to establish the Icelandic Blockchain Foundation.
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There may be different staking options available such as to participating in DAOs, decentralized governance and revenue sharing. Please watch out for scams. Only consider staking options promoted on the official website of the project and advised partners. Please click here to see the official links and make sure to follow the latest instructions.
This data is dynamic and varies depending on the number of tokens that are being vested/vesting, removed from circulation because of network transactions or burned permanently and staking reward distribution mechanism. According to self-declared data the circulating supply of Auroracoin (AUR) is ($19,769,331), max supply of Auroracoin AUR is ($0) and the market cap of Auroracoin AUR is ($931,537).
What is the Auroracoin (AUR) price prediction?
Predicting prices in the crypto market is highly speculative and can't be definitively stated. Various factors drive price movements such as macroeconomics, Bitcoin ($btc) and crypto market overall behavior, on-chain activity, whale positionings, growth potential of the project etc. We cannot give any price predictions nor financial advice, but you can look at our comprehensive data, expert user reviews and decide if the product suits your needs! Please do your own research DYOR!
The current market price of Auroracoin (AUR) is $0. As the OGAudit community we mainly focus on features such as use cases, product development, and sustainable growth. However, we also provide real-time market data and coin/token statistics, analytics, price history for popular altcoins. see here.
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Does Coin (Auroracoin AUR) solve a good problem or offer the best solution?
Do products and services work effectively, and solutions are scalable?
Does the team have a realistic roadmap and can catch up with it?
Does Auroracoin (AUR) have reasonable and sustainable revenue income models?
Can the team market their products and services well?
How decentralized is the governance and how strong is the community?
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