Introducing Aurei : A revolution in the crypto world (+ airdrop)

In Crypto Spotlight, Announcements

 

What is Aurei ?  

The AUREI token (ARE) is a digital currency designed to maximize the alignment of interests of developers and investors through the implementation of an original and innovative mechanism based on economic incentives. This mechanism designed to run indefinitely is unparalleled in other crypto projects and in the financial sector in general.

In a few words, this mechanism ensures by its design the sane and solid structure of AUREI token. On the one hand, the developers are not entitled initially to receive any AUREI token (ARE), on the other hand, the developers will be entitled to receive new minted AUREI token (ARE) if and only if the value of tokens appreciate substantially from its initial phase. It’s a paradigm shift for the concept of token creation. Usually token creation dilutes former investors, here this effect is structurally different thanks to the token design: the price of the token must necessarily rise substantially for a new token issuance to take place. Thereby AUREI token (ARE) is, by design, a breakthrough innovation which defends, objectively and above all, the interests of investors. Launched on November 2019 by Aurei Association located in Switzerland, AUREI was privately subscribed on January 3rd, 2020 at 1 Aurei = 1 BTC.

How does it work ?

The price during the private subscription was an AUREI token (ARE) for one bitcoin.

Since the private subscription, the price of an AUREI token (ARE) is directly quoted on Liquid.com spot markets.

Initially, 50 000 tokens have been issued and are kept in reserve by Aurei Association.  

These tokens will be gradually and slowly available for sale on exchanges.

Every time the price of AUREI token (ARE) on exchanges reach a new level, 500 new tokens are minted and distributed equally among the addresses of the developers. 

Developers are incentivized for the first time when and only when the price of AUREI token (ARE) has roughly doubled from its original price.

Which means that developers will be only rewarded if investors reap significant profits. 

The minting process related to a level can only be triggered once and only once. The price of AUREI token (ARE) used to unlock a new level is determined using a price index which is an average price obtained by aggregating the prices of AREs quoted on different exchanges. This price index is fed to the smart contract using an oracle. It is important to note that the number of levels is non-finite. This design choice was made on purpose to ensure that the developers are continuously economically incentivized over the long term. Furthermore, from an investor’s point of view, this mechanism has been designed to closely link token issuance and token performance.

Why Aurei?

The AUREI mechanism is a breakthrough innovation that opens a new path in token design for the future, based on a token issuance price function instead of a token issuance time function. 

AUREI is a paradigm shift for the concept of token creation. Usually token creation dilutes former investments, here, this effect is structurally different thanks to the token design: the price of the token must necessarily rise substantially for a new token issuance to take place. The value of cryptocurrencies and tokens is determined by the market as most of them are quoted on exchange platforms to ensure liquidity to investors, AUREI token is no exception to the rule. 

Nevertheless, an important and increasing number of cryptocurrencies and tokens have little to no liquidity. More importantly, there is a lack of value appreciation over time. One of the reasons for this downturn is how these instruments are designed: the economic incentives of developers are not truly tied to those of investors beyond the initial stage which lead to slow down or death of projects. This is the reason why the price of AUREI token (ARE) used to unlock a new level is determined using a price index which is an average price obtained by aggregating the prices of AREs quoted on different exchanges. This price index is fed to the smart contract using an oracle. It is important to note that the number of levels is non-finite. This design choice was made on purpose to ensure that the developers are continuously economically incentivized over the long term.

Win Aurei Tokens  

We will airdrop 15,000 USD worth of $ARE to the 3000 most active users on Liquid.

If that’s you, we will deposit before 11:59pm EST Monday 25th May. Keep your eyes peeled on your Liquid ARE wallet for the airdrop. 

Join the Aurei Community

Twitter : https://twitter.com/AureiCommunity

Instagram :https://www.instagram.com/aureicrypto/

Telegram : https://t.me/aureicommunity

Learn more about Aurei

www.aurei-crypto.io

https://medium.com/@aureicom/aurei-a-revolution-in-the-crypto-world-45238d0b5cb1

 

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WRITTEN BY

Aurei

The AUREI token (ARE) is a digital currency designed to maximize the alignment of interests of developers and investors through the implementation of an original and innovative mechanism based on economic incentives.