Aurox Trade takes it one step further, allowing traders to access margin based ordering through the Aurox Lend DeFi protocol. The Aurox Token to USD chart is designed for users to instantly see the changes that occur on the market and predicts what will come next. After the start of the token on Feb 28, 2021, on the Ethereum platform, more than 2,138 wallets owned/owns URUS also 19,843 successful token transactions have been recorded till today. The cryptocurrency rating as accessed by BeInCrypto community is 8.16. I’m a technical author and blockchain enthusiast who has been in love with crypto since 2020. The percentage of Binance customers who increased or decreased their net position in BTC over the past 24 hours through trading.
Aurox is a trading platform that solves DeFi lending and DEX limitations by leveraging the efficiency in decentralized lending. Feb 28, 2021, was the day when a smart contract for token was started on the Ethereum platform, approximately 1 year ago, for today there are more than 2.1 Thousand token addresses that own token. A self-taught developer turned entrepreneur, Ziga has developed multiple software programs that have helped companies earn millions of dollars.
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- Extended sell-off sub $15.15 throughout the day can bring the second major support at $9.27 into play.
- CoinMarketCap takes a deep dive into Aurox , a lending platform that allows you to borrow cryptocurrencies and use margin and leverage trading efficiently.
- This article is not intended as, and shall not be construed as, financial advice.
- 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.
One is trading fees – 0.15% of every trade value is charged from makers and takers, and margin fees – 10% of margin fee is charged from the fee paid by the borrowers. Circulating supply shows the number of coins or tokens that have been issued so far. 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. For the last 30 days, more than 11 URUS transactions have been made, on average daily 0.37 completed transactions. Extended sell-off sub $15.15 throughout the day can bring the second major support at $9.27 into play.
Users who hold URUS tokens on the exchange wallet are eligible for certain trading discounts on the platform. 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.
URUS will need to avoid closing below the 15.15 level to make a move to the first major resistance level at $24.98. If another extended rally, it should test the next major resistance level at $30.08. Vast background in marketing, software development, and cryptocurrencies with the aim of converting Aurox into the most popular trading terminal in the crypto world. Please also note that data relating to the above-mentioned cryptocurrency presented here are based on third party sources.
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. 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 live price of Aurox is $ 20.53 per (URUS / USD) today with a current market cap of $ 10.72M USD. 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.
This article is not intended as, and shall not be construed as, financial advice. The views and opinions expressed in this article are the author’s [company’s] own and do not necessarily reflect those of CoinMarketCap. CoinMarketCap is not responsible for the success or authenticity of any project, we aim to act as a neutral informational resource for end-users. 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.
In essence, Aurox Trade integrates directly into your favorite exchanges, such as Binance and Bitfinex, and executes trades on your behalf through our proprietary trading engine. Traders will be able to receive the lowest fees, lowest slippage and the deepest liquidity. Analysis was done on daily data, so all moving averages, RSI, etc.., were calculated on a daily Aurox Token price chart.
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. Compared to Binance, Kraken, Fulcrum, and many other crypto exchanges, Aurox provides margin at a highly competitive rate. If a user borrows assets directly from the Aurox platform for margin trading, they enjoy greater leverage as compared to other DeFi lenders.
The percent change in trading volume for this asset compared to 7 days ago. The percent change in trading volume for this asset compared to 24 hours ago. Aurox Token’s current share of the entire cryptocurrency market is 0.00%, with a market capitalization of $ 10.25 Million.
If you are planning to trade crypto, please consult a financial adviser. This calculation shows how much cryptocurrency can cost if we assume that their capitalization will behave like the capitalization of some Internet companies or technological niches. If you extrapolate the data, you can get a potential picture of the future price for 2022, 2023, 2024, 2025, 2026, and 2027.
CryptoRank provides crowdsourced and professionally curated research, price analysis, and crypto market-moving news to help market players make more informed trading decisions. If you’re looking for a set of practical and insightful crypto market information and data, we have the analytics tools to suit your business needs. Aurox Trade is Aurox’s centralized order execution and trading platform with margin trading capacity of up to 4x the value of underlying assets. We making a forecast of future prices for huge amount of digital coins like Aurox with technical analysis methods. Market cap is calculated by multiplying the asset’s circulating supply with its current price.
The rise in users will create a huge wave of traffic towards the Aurox platform and the URUS token’s price will increase as users need to hold the token to get discounts. 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. It is an aggregated match making engine which allows users to log into the Aurox Terminal and place orders on over 10 exchanges with a single account.
Aurox Token Markets
A fee is automatically calculated by the platform every four hours the margin position is held and is deducted automatically from a trader’s posted collateral. The margin lending rate varies according to the cryptocurrency borrowed. Aurox is a lending and borrowing platform that is fully decentralized and provides 4X margin lending capabilities. The official token of Aurox is URUS, which provides its holders with trading discounts, boost in interest rates, and staking rewards. Prior to obtaining a margin loan, a trader must post collateral in a supported cryptocurrency. The margin lending rates are determined based on the cryptocurrency posted and the asset borrowed.
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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.
This can be a great time to invest in alt-coins, which also include the URUS token. However, this indication of an alt-season is merely based on speculation, which is why it is advised to use a variety of technical indicators before investing in any crypto asset. The percent change in trading volume for this asset compared to 1 hour ago. Blockspot.io needs to review the security of your connection before proceeding.
Aurox (URUS) Tokenomics
For example, in highly liquid markets such as USDC and ETH, a trader could post the equivalent of $100 in USDC as collateral and obtain the equivalent of $400 in ETH on margin. On Aurox, margin loans are directly funded in the cryptocurrency they wish to borrow. For example, if a trader is shorting ETH, they would sell 4X the value of ETH as their posted collateral.
His passion behind Aurox is to make it user-friendly and help others become successful in the blockchain world. A serial entrepreneur, Taras has vast experience with affiliate and ecommerce companies. He is also experienced in the financial world which includes the stock market. The main achievement of Taras is the Aurox Indicator which is capable of predicting market movements with +70% accuracy.
For example, if a user wants to borrow $100 worth of ETH, they only have to show collateral of $25 USDC in their account. We also gather additional information from different sources to make sure we cover all necessary data or events. The current crypto market update is good, if not great for the crypto users. Bitcoin https://cryptolisting.org/ recently surged past its all-time high and many alts showed extreme appreciation in price. The Aurox token which was priced around $128 less than 24 hours ago is now closing on $200. If current market indicators are to be taken seriously, the URUS token can easily breach the $300 mark in the near future.