Aurix PriceAUR

What is Aurix (AUR)?

Aurix (AUR) is an ERC-20 utility token built on the Ethereum blockchain that powers a multifaceted fintech platform combining cryptocurrency exchange services with traditional banking features. The project positions itself as a bridge between conventional finance and digital asset management, offering users access to a crypto exchange, bank IBAN services, Visa and MasterCard integration through the Aurix Card, shop plugins, and mobile applications. The entire ecosystem is designed with a user-friendly interface and secure, complex technologies intended to address inefficiencies in both the current economic system and blockchain technology.

AUR has a maximum supply of 20,000,000 tokens and a total supply of 17,000,000 AUR, with 18 decimals. The project self-reports a circulating supply of approximately 17,000,000 AUR, equal to 85% of the maximum supply. The project describes its exchange and card services as live products; per CoinMarketCap, AUR trades on 4 active markets with no reported 24-hour volume.

Key Specifications & Tokenomics

• Name: Aurix
• Ticker / Symbol: AUR
• Token Type: ERC-20 utility token
• Blockchain: Ethereum
• Contract Address: 0x6E98E5401ADCB0D76F4DEBfc3d794B3031F48790
• Decimals: 18
• Max Total Supply: 20,000,000 AUR
• Total Supply: 17,000,000 AUR
• Self-reported Circulating Supply: 17,000,000 AUR (85%)
• Launch Date: 2020-12-31
• CoinMarketCap Listing Date: 2021-03-16
• Category: Exchange-based utility token, Ethereum Ecosystem
• Compiler Version: v0.5.16+commit.9c3226ce
• Optimization: Enabled with 200 runs
• License: MIT
• Source Code Verified: Exact Match
• Security assessment: a CertiK rating of 3.3 is displayed on the CoinMarketCap listing (rating scale and methodology not specified in available sources); no audit report link is provided.
• Holder count: 141 addresses, per the CoinMarketCap listing at the time of writing.

Who created Aurix?

Aurix was founded by Majed Mohsen and Besher Zeido, who serve as the masterminds behind the project. Both founders have been instrumental in addressing various economic and market challenges through the platform's development. The project's official website, whitepaper, and social channels including Facebook, X (Twitter), Telegram, and LinkedIn are publicly available for further information about the team and their vision. The whitepaper was published on 3/16/2021 and last updated in January 2023 (22 pages), hosted at aurix.exchange and whitepaper.io.

How does Aurix work?

Aurix operates as a cryptocurrency exchange and digital asset management platform that provides real-time rewards for trading and spending. The core mechanism revolves around the Aurix Card, which functions as a payment solution supporting over 30 popular cryptocurrencies including Bitcoin, Ethereum, Ripple, and AUR itself. When users make trades or payments through the platform, they earn cashback rewards. The project markets itself as one of the earlier crypto exchanges to offer cashback on both trades and payments; this claim is the project's own and has not been independently verified.

The platform supports widely traded cryptocurrencies such as BTC, ETH, and BCH, ensuring a broad range of trading options. Users can access a bank account and crypto exchange free of charge, with cashback provided on usage. The technology is built on Ethereum's ERC-20 standard, with the smart contract featuring events including Approval, MintFinished, MintStarted, MinterAdded, MinterRemoved, OperatorAdded, OperatorRemoved, and ownership-related events.

What makes Aurix unique and valuable?

Aurix distinguishes itself through its integrated approach to combining traditional banking services with cryptocurrency trading. The project markets itself as one of the earlier crypto exchanges to offer cashback on both trades and payments, meaning users effectively get paid when they conduct transactions on the platform. This model inverts the typical fee structure where users pay for services.

The Aurix Card is marketed as "The One Card You Need" and, per the project, lets users send money anywhere without fees while supporting 30+ cryptocurrencies. The platform's comprehensive suite includes bank IBAN services, Visa/MasterCard integration, shop plugins, and mobile apps, all designed to resolve inefficiencies in the current economic system. By merging traditional financial services with blockchain technology, Aurix aims to provide a seamless experience for both novice and experienced users.

What is Aurix used for?

AUR serves multiple functions within the Aurix ecosystem. Primarily, it is a utility token used for trading on the Aurix exchange platform. Token holders can participate in the platform's cashback reward system, earning returns on trades and payments made through the Aurix Card. The token also facilitates payments and transfers within the ecosystem, supporting the platform's goal of providing fast transactions with low fees and high liquidity.

Additionally, AUR can be used for digital asset management, allowing users to manage their cryptocurrency portfolios alongside traditional banking services. The token's integration with the Aurix Card enables spending at merchants that accept Visa or MasterCard, bridging the gap between crypto holdings and everyday purchases.

How Is the Aurix ecosystem developing?

The Aurix ecosystem encompasses several interconnected components: a cryptocurrency exchange, bank IBAN services, Visa/MasterCard integration through the Aurix Card, shop plugins, mobile applications, and digital asset management tools. The platform supports real-time rewards for trading and spending, with cashback on trades and payments serving as a core feature.

The Aurix Card supports over 30 popular cryptocurrencies and allows free money transfers globally. AUR is tracked on CoinMarketCap and CoinLore, and its contract can be viewed on Etherscan; per CoinLore, the only exchange and pair it tracks is DigiFinex with AUR/USDT. Per CoinLore, the only exchange and pair it tracks is DigiFinex with the AUR/USDT pair, while CoinMarketCap reports 4 active markets; CoinLore notes that trading volume is relatively low, which may affect liquidity for larger orders. The project maintains an active presence across social media channels and provides documentation, API access, and a blog for community engagement. With 141 holders, the ecosystem remains in an early growth phase.

How to mine Aurix?

Aurix (AUR) is an ERC-20 token on the Ethereum blockchain, which means it is not mined through traditional proof-of-work consensus mechanisms. Instead, the token was created through a smart contract with a fixed maximum supply of 20,000,000 AUR. There is no mining process for AUR tokens.

The smart contract includes minting-related events such as MintStarted, MintFinished, MinterAdded, and MinterRemoved, indicating that token creation was controlled by designated minters during the initial distribution phase. For users looking to acquire AUR, the primary method is through trading on supported platforms or earning cashback rewards through platform usage. AUR is a fixed-supply ERC-20 token; no staking or yield mechanism is defined in the token contract, and holders earn rewards only through the platform's cashback program on trades and payments.

How to keep your Aurix Coin safe?

Since AUR is an ERC-20 token on Ethereum, it can be stored in any compatible Ethereum wallet that supports ERC-20 tokens. Users should consider using hardware wallets for long-term storage, as they provide an additional layer of security by keeping private keys offline. Software wallets and browser extension wallets are also options for more frequent transactions.

When interacting with the Aurix platform or any smart contract, users should verify contract addresses to avoid phishing attempts. The Aurix contract address is 0x6E98E5401ADCB0D76F4DEBfc3d794B3031F48790. A CertiK rating of 3.3 is displayed on the CoinMarketCap listing; the rating's scale and methodology are not specified in the available sources, so it should not be read as a safety guarantee. Best practices include using strong, unique passwords, enabling two-factor authentication where available, and never sharing private keys or seed phrases with anyone.

CoinLore flags relatively low trading volume concentrated on a single exchange (DigiFinex), which may affect liquidity for larger orders at current market prices. Per CoinMarketCap, AUR's reported market capitalization is 0 while its fully diluted valuation is shown separately; readers should check the live listing page for current figures. As with any digital asset, the price of AUR can be volatile, regulatory treatment of crypto assets may change, and smart contract or platform risks may affect holders.