Hi everyone,
The URUS token launched about 48h ago and it has a limited supply of 1 million tokens. The initial price per URUS was 0.2$ and at the time of writing it is trading at 18.73$. There was no seed or private sale.
https://info.uniswap.org/pair/0xEb4664D8229DDe455DCA168A404ed6C03d4bb701
Not too bad right?
Tokenomics
You can buy it on https://app.uniswap.org/
use the following contract address:
0x6c5fbc90e4d78f70cc5025db005b39b03914fc0c
You need a metamask wallet with eth and type in the above contract address to swap your eth into URUS.
Full details on the URUS token:
https://getaurox.com/token/whitepaper.pdf
Who created this coin and what does it do?
It is created by the founders of Aurox Teminal, a websites which amongst other stuff provides a set of working indicators to help you make profits on crypto trading (currently offered for free and is over 80% accurate at predicting price). The URUS token is the core of their new Defi platform and has multiple use cases (with more utility to be added in the future).
The Urus Token will power a decentralized lending and borrowing platform integrated with a low-cost, fast-executing trading platform with 4X margin lending capabilities.
Liquidity Yield Mining
Provide liquidity to Urus Uniswap listing and earn Urus tokens at one of the highest yields on the market. But unlike other overnight tokens, providing liquidity to the Urus token means you're investing in a project with value and the ability to triple your portfolio.
You can provide liquidity here:
https://staking.getaurox.com/mining
Token Staking
Stake your Urus tokens to earn the best interest rates on the market. The longer you stake, the more bonus Urus tokens you'll earn. Anyone that breaks their staking contract will be fined, and that fine will be redistributed to other stakers!
You can stake it here:
https://staking.getaurox.com/staking
Trading Fee Discounts
The Urus token will provide discounts to users using the Aurox Lend/Trade infastructure. Get Up to 50% discounts on fees, including both Spot and Margin trading
Interest Rate Boost
Users who lend on Aurox Lend have the option to receive their interest earnings in URUS token with a 20% boost on their yield.
Aurox Trade
Aurox Trade allows traders to borrow directly from Aurox Lend and trade without having to transfer funds to an outside exchange. Aurox Trade aggregates order books from multiple exchanges and places orders behind the scenes on the lowest priced one. This allows Aurox Trade to deliver the deepest order book and highest liquidity.
- Never before seen anywhere else, traders will be able to earn interest on your unused funds automatically. No need to lock up your funds, you'll earn interest simply by having a balance on your account.
- Forget having multiple exchange accounts, Aurox Trade allows you to place orders on any exchange from one single account.
- Allows users to borrow funds from Aurox Lend and execute margin trades on any coin supported by any exchange!
Aurox Lend
An on-chain DeFi protocol allowing lenders to earn interest rates on their unused assets, while borrowers will be able to deposit just 25% collateral without the risks of getting liquidated by fast price movements. Lenders will be able to earn the highest APY on the market by simply parking their tokens into Aurox Lend, but having the ability to withdraw at any time.
- Lenders on Aurox Lend will be able to receive the highest and stable interest rates.
- Funds margin orders on Aurox Trade which allows for Lenders to generate higher yield than competitors.
- On-chain protocol allows lenders to lend even the most speculative tokens for extremely high interest rates.
Socials
There is quite some chatter on Twitter about this project. Type in $URUS, some bigger accounts are talking about this.
Official account: https://twitter.com/getaurox
The AUROX Telegram has blown up to 3527 members, where most of them are asking how you can buy the token, provide liquidity and stake and such.
Discord is becoming a very active trading community: https://discord.gg/PBvfBfUu
Lots of very informative videos on youtube:
https://www.youtube.com/channel/UC84vfZgIKyY2zsMYCebdCPw
I personally think they way they handled the launch and the values behind this project are really solid and from what I got out of their videos is that they are in this for the long term and really want to provide value to their community.
What is you take on this?
disclaimer: this is not financial advice, merely for informational purpose only.