Aura Network

Halal Rating :
Comfortable
Last Price $0.008 Last updated:
Rank 4455
1D Change -2.22 %
Market Cap -
Circulating supply 0
Maximum supply 1,000,000,000

Crypto Overview

Categories
  • Binance Chain
  • DWF Labs Portfolio

Purpose and Utility

Aura Network is a layer-1 blockchain platform focused on NFT and Web3 gaming applications. It uses the Cosmos SDK and aims to provide developers with tools to build NFT marketplaces and Web3 games. The AURA token is used for network governance, validator staking, and transaction fees.

Business Model Analysis

The platform's business model revolves around providing infrastructure for NFT and gaming applications while maintaining decentralization through proof-of-stake consensus. The network enables real asset ownership and transfer through NFTs, which aligns with halal principles of actual asset exchange.

Real-World Adoption

Aura Network has launched several NFT marketplaces and gaming applications on its platform. Notable partnerships include collaborations with Houbi Global and BNB Chain. The network supports multiple NFT collections and has an active developer community.

Platform Development

The project maintains active development on GitHub, with regular updates to its core protocol and tools. The team consistently releases technical updates and improvements to the network's infrastructure.

Token Distribution

The token distribution includes allocations for ecosystem development, staking rewards, and team members. Team tokens are subject to a vesting schedule to ensure long-term alignment with the project's success.

Technology Assessment

The platform's core features, including NFT functionality and proof-of-stake consensus, involve real asset ownership and value creation. The staking mechanism is used for network security and doesn't involve interest-bearing loans.

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