AuroraTokenPrice

(AURORA)

Aurora is an Ethereum Virtual Machine (EVM) operating as a Layer 2 scaling solution on the NEAR Protocol. It enables developers to deploy Ethereum-based dApps directly without code changes, utilizing NEAR's high performance, scalability, and cost-efficiency. The AURORA token is the native governance token for the Aurora network, empowering holders to participate in decentralized decision-making processes.

The AURORA token primarily serves as the governance token for the Aurora network. Holders can participate in the AuroraDAO, voting on critical decisions such as protocol upgrades, treasury allocation, and ecosystem grants. Potential future utilities include staking mechanisms, incentives for token holders, and payment for various network operations like Rainbow Bridge transaction finalization fees, fast transfer fees, and additional Aurora contract execution fees. Users may also stake AURORA to earn passive income or engage in arbitrage.

Aurora's transaction fees are paid in ETH, providing a familiar experience for Ethereum users. These fees are remarkably low, often just pennies per transaction, due to Aurora leveraging the cost-efficient infrastructure of the NEAR Protocol. A key feature is the generally constant gas cost on Aurora, which operates without a traditional gas auction mechanism, ensuring predictable and stable transaction expenses.

Aurora achieves superior scalability and performance by building upon the NEAR Protocol's advanced architecture, which incorporates sharding technology. This design enables a high-throughput network capable of processing a substantial number of transactions per second (TPS). Users benefit from rapid transaction finality, typically occurring within 2-3 seconds, ensuring a highly efficient and responsive decentralized application environment. Additionally, Aurora benefits from NEAR's carbon neutrality.

Aurora provides significant advantages for developers through its full Ethereum Virtual Machine (EVM) compatibility. This allows seamless deployment of existing Ethereum dApps and smart contracts, often requiring only RPC endpoint adjustments. Developers can leverage familiar Ethereum ecosystem tools. Furthermore, Aurora offers predictably low and stable transaction fees, enhancing development efficiency. An innovative incentive includes the AuroraDAO potentially channeling a portion of collected fees back to projects, fostering ecosystem growth.

Users can interact with Aurora by adding its Mainnet network to any standard EVM-compatible wallet. Asset transfers between Ethereum, NEAR, and Aurora are facilitated by the Rainbow Bridge. Additionally, the Aurora Pass wallet provides a user-friendly option, including 50 free transactions monthly. For onboarding assets from centralized exchanges not directly supporting Aurora, the Forwarder tool can be utilized. This tool streamlines the process by working with exchanges that support withdrawals to the NEAR blockchain, simplifying asset transfers.