What Is Aurora?
Aurora is a product that helps Ethereum users and dApps to easily move to the NEAR blockchain. It allows users to do two distinct things: upload and interact with Solidity smart contracts on NEAR blockchain and move assets (including ERC-20 tokens) between Ethereum, NEAR and Aurora via the Rainbow Bridge..
Aurora’s base token is ETH to deliver the best user experience and familiar tooling for developers.
AURORA token is a governance token to ensure proper upgrades to the protocol. Aurora is governed by AuroraDAO which includes representatives from different ecosystems and sectors of the blockchain industry.
What is AURORA Token Supply and Allocation?
Max Supply is fixed to 1,000,000,000 tokens (one billion $AURORA). AURORA Token Generation Event is November 18, 2021.
Unlocked tokens:
- 1% of total supply is allocated for IDO, deployment of pools on AMMs, market making, early partnerships;
- 1% is allocated to Aurora Labs to be used as incentives for project advisors;
- 48% is kept on AuroraDAO balance for future projects;
- 20% is kept in the community treasury;
- 3% is allocated to Aurora Labs to be distributed linearly evenly to the delegators of Aurora validator on NEAR.
Locked tokens:
- 16% Aurora Labs long term incentives (may also be subject to vesting scheme);
- 2% to early Aurora contributors (may also be subject to vesting scheme);
- 9% Aurora Labs private round investors.
The locked tokens are subjected to the unlocking scheme: 2 year unlocking scheme with linear unlock every 3 months and 6 months cliff starting the token launch date (25% unlocked after 6 months, then additional 12.5% after 9, 12, 15, 18, 21 and 24 months).
Who Are the Team of Aurora?
Aurora Labs CEO is Dr. Alex Shevchenko, Ph.D. in physics and math, entrepreneur, blockchain enthusiast since 2015, developer of Bitfury’s Exonum and a strong believer of blockchain scalability solutions.
Aurora Labs CTO is Arto Bendiken, autodidact, cypherpunk, entrepreneur, and prolific open-source author with 20+ years of professional software engineering experience working with organizations such as the European Space Agency (ESA) and the U.S. Navy’s Space and Naval Warfare Systems Command (SPAWAR).
Aurora Labs Head of Security & Infrastructure is Frank Braun, Ph.D. in computer science with 20+ years experience in building complex software systems. Worked on scientific software, encrypted messaging systems, and digital currencies.
Aurora Labs Engine Team Lead is Joshua J. Bouw, who has over 10 years of experience at the intersection of crypto-economic design, software development, and open-source ecosystem creation. Heralded as 'The Godfather of Proof of Stake' for his early role in the development of Proof of Stake Consensus Mechanisms.
Aurora Labs Bridge Team Lead is Kirill Abramov, software engineer with over 6 years of experience in the development of high-performance software. Passionate about Blockchain space and has a rich experience developing custom blockchains, implementing apps for HW and building cross-chain solutions.