What is the total circulation of Aurora (AURORA) coins?

Aurora's native token, AURORA, with a total circulation of approximately 1.36 billion, fuels network activities and incentivizes participation within the EVM-compatible blockchain built on NEAR Protocol.

Dec 14, 2024 at 12:03 am

What is the Total Circulation of Aurora (AURORA) Coins?

Aurora (AURORA), an Ethereum Virtual Machine (EVM)-compatible blockchain built on the platform of the NEAR Protocol, is designed for scalability, security, and developer friendliness. Its native token, AURORA, plays a crucial role in the ecosystem, fueling various network activities and incentivizing participation.

Total Circulation of AURORA Coins

As of [date], the total circulation of Aurora (AURORA) coins stands at approximately 1,359,989,444. The maximum supply of AURORA is capped at 10 billion (10,000,000,000) coins, ensuring its scarcity and potential value appreciation over time.

Distribution of AURORA Coins

The initial distribution of AURORA coins followed a carefully designed allocation plan, catering to diverse stakeholders within the Aurora ecosystem:

• Community and Development Fund (40.5%): This allocation supports the growth, adoption, and development of the Aurora platform. It funds initiatives such as developer grants, community events, and ecosystem building.
• Token Sale (25%): A portion of AURORA coins was made available through a series of token sales, allowing early investors and supporters to acquire tokens and contribute to the project's funding.
• Team and Advisors (20%): The core team and advisors responsible for building and guiding the Aurora platform are allocated a portion of coins in recognition of their contributions.
• Treasury (12%): The Aurora Foundation, the non-profit organization governing the project, holds a treasury allocation to support strategic initiatives, partnerships, and long-term sustainability of the ecosystem.
• Ecosystem Fund (2.5%): This allocation is reserved for ecosystem growth and incentivization, including rewards for node operators, validators, and developers contributing to the Aurora network.

Utility of AURORA Coins

Within the Aurora ecosystem, AURORA coins serve multiple important functions:

• Transaction Fees: AURORA coins are used to pay transaction fees on the Aurora blockchain, ensuring the network's stability and rewarding validators for processing transactions.
• Staking and Validation: Coin holders can stake AURORA coins to become validators, securing the network and earning rewards in the form of additional AURORA coins.
• Governance: AURORA coin holders participate in the governance of the platform, proposing and voting on changes to the protocol's parameters and direction.
• Incentivization: Developers and users can be rewarded in AURORA coins for contributing to the ecosystem, such as building decentralized applications (dApps) and participating in community initiatives.
• Value Transfer: AURORA coins can be used as a medium of value transfer within the Aurora ecosystem, facilitating payments, exchange of goods and services, and cross-chain transactions.

Conclusion

The total circulation of Aurora (AURORA) coins, carefully designed distribution, and diverse utility make it an essential component of the platform's growth and sustainability. As Aurora continues to expand and attract developers, users, and investors, the value and significance of AURORA coins are expected to continue growing.